(A) 
A parking in-lieu fee (“parking in-lieu fee”) is established pursuant to Government Code Section 66000 et seq. (“Mitigation Fee Act”) to pay for public parking facilities and improvements.
(B) 
Pursuant to Government Code Section 66001, the City Council shall, in a Council resolution adopted after a duly noticed public hearing, set forth the amount of the parking in-lieu fee, describe the benefit and impact area on which the parking in-lieu fee is imposed, list the City-owned public facilities and improvements to be financed, describe the estimated cost of these facilities, and improvements describe the reasonable relationship between the use of the parking in-lieu fee and the need for the public facilities and the types of future development projects on which the parking in-lieu impact fee is imposed, and set forth time for payment.
The revenues raised by payment of the parking in-lieu fee shall be accounted for in the City’s capital project fund. Separate and special accounts within the fund shall be used to account for revenues, along with any interest earnings on such account. These monies shall be used for the following purposes:
(A) 
To pay for design, engineering, acquisition, property acquisition, including right-of-way acquisition and construction of the public facilities and improvements designated in the City Council resolution and reasonable costs of outside consultant studies related thereto;
(B) 
To reimburse the City for designated public facilities and improvements constructed by the City with funds (other than gifts or grants) from other sources together with accrued interest;
(C) 
To reimburse developers who have designed and constructed such designated public facilities and improvements; and/or
(D) 
To pay for and/or reimburse costs of program development and ongoing administration of the parking in-lieu fee program.
If a developer is required, as a condition of approval of a permit, to construct a public facility or improvement that has been designated to be financed with parking in-lieu fees, a credit against the fee otherwise levied by this Article on the development project in an amount not to exceed the cost of such public facility as estimated by the City in adopting the fee shall be offered by the City and, if the fee is less than such amount, the developer shall be entitled to reimbursement. The reimbursement shall be from fee revenues only.
The City Council may, by resolution, adopt administrative guidelines to provide procedures for calculation, credit, reimbursement, or deferred payment and other administrative aspects of the parking in-lieu fee.