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34 Parking , City Manager advised that work is being done on a study which proposes changing 10-hour meters to 5 cents an hour , and increasing fees for parking lots to $7 . 00 per month . Use of Bradford Street parking lot is also being studied , and it is hoped to coordinate these studies as to needs for spaces and kinds of spaces , and try to allocate uses properly . This will be part of a recommendation to Council . City Controller responded to question by Council , advising that fines for parking meter violations go into the General Fund , being part of a policing function , Only revenues from parking go into bond reduction . Municipal Marina , Mayor Keckley indicated there is some concern that at low tide , many of the boats are sitting out of the water , City Manager advised that it has been explained to them that it is expensive to dredge , and further , even if funds were there , a waterfront policy is being proposed and it is not known whether the marina will be proposed to be in another location , or not . Municipal Transit System . City Controller noted that $117 , 000 was included for purchase of new buses , and City Manager felt it may be possible to recover those funds under SB 325 . Application was made in February for next year . Because of the way the bill can be interpreted , however , City may be ineligible for funds and effort will be made to have the bill changed . Assistant City Manager noted the real problem comes down to definition of "owns and operates " , in that the City owns the equipment , but contracts for operation . Mayor Keckley called a five-minute recess at 3 : 35 P . M . Capital Improvement Fund , Vice -Mayor Henderson brought attention to reference to "Marine World Access Park " , under Capital Outlay Fund , and after brief discussion it was felt this should be called , "Redwood Shores Waterfront Access Park " , to avoid the implication that it provides access to Marine World , Vice -Mayor Henderson inquired whether funding was provided for landscaping El Camino Real , and City Manager indicated it had been , and that what was being presented was only part of the program . When the 5-year Capital Improve - ment program is presented Council would be able toEee the entire project . He commented briefly on that presentation to be made , He indicated there would not be specific amounts of cost for undergrounding because the Committee had not been in existence long enough . That concept of doing El Camino Real totally is the goal , Vice -Mayor Henderson noted that tree planting formerly was a separate item, and was advised by City Manager this would be included , He indicated there would be reference in a separate section of the 5 -13 - 572-year budget to items such as widening of Alameda , grade separation of Woodside Adj . Reg . Mtg . Budget