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(1) The minimum and maximum charges for on-street parking in parking meter zones are hereby established at between $0.25 and $2.00 for one hour.

(2) The city manager when designating parking meter zones, hourly rates and time limitations by administrative action may adjust the time received for depositing less than a twenty-five cent coin to approximate the rates established. In making this adjustment consideration shall be given to the cost of modifying the parking meters affected and the demand for parking in the zone.

(3) When there is a limited supply of parking meter parts, or when no parts are available, the city manager may continue to use parking meters which have a rate less than the rate established in subsection (1) of this section until such time as the meters can be modified or replaced so long as it is no longer than two years from the adoption of this section or from a subsequent amendment to subsection (1) of this section.

(Section 5.335 added by Ordinance No. 18715, enacted October 29, 1980, and amended by Ordinance No. 19399, enacted August 13, 1986.)