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RESOLUTION NO. 2003-034 <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF <br />SANTA ANA AUTHORIZING CONSIDERATION IN THE <br />ANNUAL CITY BUDGET OF USE OF TWENTY PERCENT <br />(20%) OF INCREMENTAL PARKING METER COIN <br />REVENUE FOR ADDITIONAL AND SUPPLEMENTAL <br />DOWNTOWN MAINTENANCE AND SECURITY <br /> <br />BK: 4/11/03 <br /> <br /> BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SANTA ANA AS <br />FOLLOWS: <br /> <br /> ~: The City Council of the City of Santa Ana hereby finds, determines and <br />declares as follows: <br /> <br />The City Council has, this day, had first reading of an ordinance to raise the <br />parking meter rates in the City. <br /> <br />This rate increase was requested by formal resolution, dated October 9, <br />2002, the Board of Directors of the Downtown Santa Ana Business <br />Association. Each year, the City and the Association budgets monies for, <br />inter alia, maintenance and security within the downtown business district <br /> <br />The City has estimated that in its first full year, this increase will generate an <br />additional $620,000.00 in revenue. Twenty percent (20%) of this <br />additional, projected first-year revenue Would be $120,000.00. <br /> <br />The above-referenced resolution of the Association requests that this <br />twenty pement (20%) of the estimated increase in revenues, when <br />compared to the revenues generated in the last three (3) years by parking <br />meters, be devoted to additional and supplemental maintenance and <br />security within the downtown business district. <br /> <br />The downtown business district will benefit from this additional and <br />supplemental maintenance and security, which would in no way replace or <br />reduce the maintenance and security already being undertaken within the <br />downtown business district. <br /> <br />For these reasons, it is appropriate for the City Council to consider annually, <br />use of this twenty percent (20%) of increased parking revenues, as set forth <br />above, for additional and supplementat maintenance and security within the <br />downtown business district. <br /> <br />The City Council shall consider as part of its annual budget, provision <br /> <br />Resolution No. 2003-034 <br /> Page I of 2 <br /> <br /> <br />