A city may apply moneys inthe operation fund of the district to prepay parking fees at any cityparkingfacility located in or used in conjunction with the district but only afternotice and hearingas required by section 386.6. The authority toprepay such fees shall exist only for the period of time set out in the notice to owners and in the resolution of the council authorizing the application of funds for that purpose. Upon the application of sufficient amounts of prepaid fees, the city need not charge individual users of the parking facility.Before adopting aresolution authorizing the application of funds for such purpose, the council must find that the application will further the purposes of the district, including but not limited toincreasing the commercial activity in the district.
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