Parking-meter rates will double in parts of the business district starting July 1, from 50 cents to $1 an hour, to catch up with nearby cities' rates and help solve a parking-operation cash-flow problem.
New monthly parking fees will range from $40 to $120. This compares to a $45-to-$145-range in Westwood and West Los Angeles and $60 to $220 in Century City, officials said.
Director of Finance Administration Donald J. Oblander has also suggested several other options for the City Council to consider, including modification of the two-hour free parking program and the formation of parking assessment districts.
"The parking enterprise has had an operating deficit for five or six years," Oblander said after the meeting. He expects the city to reach or surpass break-even points within three years with the changes.
The parking fee increases were part of a comprehensive ordinance passed by the City Council on Tuesday to adjust fees for water, waste water, building permits, business licenses and other items.