City renegotiation committee proposes $100 per hour parking fee, termination of original agreement

The latest report from the City Council’s Parking Meter Renegotiation Committee recommends that parking fees be set at an upper limit of $25 per 15 minute interval and $100 per hour, inclusive of VAT.

“The initial metered parking fee for the integral parking zone shall be established as up to $25 per 15 minute interval (VAT inclusive) and $100 per hour (VAT inclusive),” the report, which was brought before the Mayor and City Council on Monday at its statutory meeting.

It added that the guidelines for booting should be set out in the by-laws.