The City Manager shall control the allocation of parking spaces in city-owned parking lots and facilities by permits. Parking spaces are allocated on a space available basis. Business and/or individuals have no continual or “vested” rights to the continued purchase of a permit for a permitted space. When the demand for parking spaces exceeds available spaces, an applicant for a space may apply for any space as may become available at a later date and applications will be processed with priority given to those applications made at the earliest date. The City Manager may, at his discretion and with notice to the individual or business, reduce the number of parking spaces allocated to the individual or business. If the number of spaces is reduced, the City will provide a prorated refund to the individual or business for the unused time on the permit. (Ord. 1654 (part), 1992)