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AN ORDINANCE TO A~UEND ARTICLE IX OF CHAPTER 30 OF THE CODE OF THE CITY OF PORTSMOLrI~, VIRGINIA, 1951, A~ACTED ON OCTOBER 1957, AS AMENDED, BY ADDING q~HERETO SECTIONS 30-175 THROUGH 30-179, INCLUSIVE, PROVIDING FOR THE OPERATION OF PROCTOR SQUARE PARKING LOT WITH ATTENDANTS AND TIME-STAMPED TICKETS, AUTHORIZING CONTP~CTS FOR VALIDATION OF TICKETS, AND DEFINING VIOLATIONS THEREOF. Be it ordained by the Council of the City of Portsmouth, Virginia, that Article IX of Chapter 30 of the Code of the City of Portsmouth, Virginia, 1951, enacted on October 8, 1957, as amended, be amended by adding thereto Sections 30-175 through 30-179, to read as followsr Section 30-175. Proctor Square Parking Lot - Operation by Attendants. Notwithstanding any other provisions of this Article, the City Manager may remove the parking meters from Proctor Square Parking Lot and thereafter collect D~rking fees for use of said lot through a system whereby an attendant will issue a time-stamped ticket which may be satisfie6 upon cash payment by the operator of the motor vehicle, by validation of the ticket by one or more mer- chantile establishments Participating in the system, or both. Section 30-176. Sam~ - Contrac~ with Underwriting ~erchan~ile Estab- lis.hments. Before convertin~ Proctor Square Parkin~ Lot as provided in Section 30-175 hereof, the City Manager shall enter into a contract, in form approved by the City Attorney~ with one or more merchantile establishments licensed to do business in this city° Such con~rac~ shall provide that: ao the underwriting merchantile establishments shall reimburse the city for the initial cost of providing time-s~amp machines, shelter for attendants, signs~ etc., in an amount not ~o exceed $300.00. h. the underwriting merchantile establishments shall reimburse the city for the salaries of attendants and accountin~ costs in the amount Of $300.00 per month, less the total amount collected by the city in that month because of the five cents per ho~r service charge provided for in Section 30-177; provided, that in any contract year in which the grosS revenues of said lot e~eed the sum of $11,375.00, t~e amount of such excess g ss revenues shall he credite~ against the monthly pay- c~ the underwriting merchantile establishments shall be entitled to validate tickets for a period of one or more hours of parkir~ by stamping on the tickets a legend showing the name of the establishment and the number of hours for which the tickets are validated, and settlement