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All fees imposed and established prior to July 1, 1994, shall continue to be collected and deposited in an appropriately entitled account for the parking adjustment district from which collected. Any interest accruing on funds in such accounts shall remain with that account unless otherwise specified in the action establishing the parking adjustment district.

These funds shall be used solely for the purpose of paying bonded indebtedness on existing public parking facilities, purchase of land for parking, improvement of parking facilities including street parking, replacement of existing improvements and maintenance and operation of public parking facilities. (Ord. 3405 § 5, 2008; Ord. 3153 § 5, 1994)