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nn l t- r- Jurisdictions may form a parking district and levy assessments per Streets and Highways Code Section 31500 et seq.. to finance the: • Acquisition of land • Construction, operation and maintenance of parking facilities and garages n Associated project costs, including professional staff • Streets and Highways Code Section 11000 at seq. also permit parking districts to fund pedestrian improvements including: • Street paving • Water lines, flood control facilities, sewer, and drainage works s Street lighting • Fire protection, • Statues, fountains, and decorations, r Landscaping and tree planting • Child care facilities • Pudic assembly facilities • Other improvements associated with pedestrian facilities Special assessments under the 1911 Act may be levied to replace the use of fees and charges to repay outstanding bonds. Other revenue sources may include user fees, parking meter charges, and property taxes. One w more parking districts could cover part of or the entire Specific Plan area, as well as adjacent neighborhoods. Within a parking district, funds collected from parking charges are poured directly into improvements that make the district more attractive, such as sidewalks, landscaping, and other amenities or aesthetic improvements. New parking meter technologies have improved customer convenience (customers can pay remotely by credit card or cell phone), increased pricing flexibility (rates on be changed in real -time based on location, time of day, day of week, or level of occupancy), reduced 5treetscape clutter, and reduced operating costs. A parking district could be responsible (and contract out) for the following operations associated with managing parking within the area: • Enforcement of parking regulations • Parking permits • Parking meter operations (including revenue collection) • Day -to -day management of shared parking • Researching parking usage and developing parking pricing strategies a Staffservices Infrastructure Financing Districts Recent legislation enabled the formation of Infrastructure financing Districts 0FDs) in former redevelopment projectareas. An IFD diverts new local property tax revenues to either pay directly for the construction of infrastructure and public facility improvements, or to issue bonds to finance those improvements. However, IFDs cannot divert property tax increment revenues from schools and can only pay for public facilities like roads, sewer, water, libraries, and parks – not routine operations and maintenance or, except in limited cases, affordable housing or economic development projects. However, onerous approval requirements may limit the formation of an IFD: two -thirds of property owners or voters must vote in favor of forming the district, and all affected taxing entities (e.g., counties, special districts) must approve the contribution of their portion of the tax increment to the ED. Cap- and -Trade Auction Proceeds California established a cap- and -trade program to limit allowable greenhouse gas emissions. Be ®nning in late 2012, the state began regular auctions of greenhouse gas emission allowances. The revenue produced by these allowance auctions may be available to fund transportation and sustainability improvements in the Harbor Corridor Plan. However, the amounts, uses, and means of distributing the revenue are still evolving and will continue to change as state agencies finalize programs and rules for their use in the context of the state budget process. CHAPTER 7: Administration and Implementation October 2014 11 A -74 7 -11