Chapter 14 MOTOR VEHICLES AND TRAFFIC*
Section 14-301 Rental of on-street metered parking space to banks and savings and loans.
On-street metered parking spaces shall be available for rental to banks and
savings and loans
on any street in the central business district, except Broadway, subject to the following
(1) Metered parking spaces shall be available under the
provisions of this section only to
banks and savings and loans chartered under the laws of the United States Government or the
State of Missouri.
(2) Banks and savings and loans desiring such parking
spaces shall make application to the
director of public works who shall issue a permit designating the location and rental rate of the
(3) A maximum of six (6) on-street metered parking spaces
may be rented by any one (1)
bank or savings and loan when such spaces are available on streets immediately adjacent to and
on the same side of the streets as the bank or savings and loan.
(4) Banks and savings and loans renting such parking
spaces shall pay five hundred twenty
dollars ($520.00) per space per year.
(5) Banks and savings and loans renting such parking
spaces shall place hoods on the
parking meters at such parking spaces which shall provide that the spaces are paid for by the
banks or savings and loans and shall designate the applicable parking restrictions. Parking may
be restricted only during the hours of 8:00 a.m. to 6:00 p.m. weekdays, and from 8:00 a.m. to
noon on Saturdays. The hoods shall designate the hours of parking restrictions, and shall be
removed from the meters during all other hours.
(6) The City of Columbia shall not be responsible for
enforcing parking restrictions during
the times the spaces are rented to banks or savings and loans under this section.
(7) Spaces rented to banks or savings and loans under
this section may be withdrawn by the
city manager upon twenty-four (24) hours' notice to the banks or savings and loans which have
rented such parking spaces; provided, however, that such banks or savings and loans shall be
entitled to a pro rata refund of any prepaid rent.
(Code 1964, § 12.766; Ord. No. 10182, § 2, 5-21-84; Ord. No. 15518, § 1, 2-16-98)
(15518, Amended, 02/16/1998, Prior Text)