If monthly rental is not paid by five p.m. on the tenth day of the month prior to the month for which payment is being made, then rights to that permit shall be automatically relinquished and the space shall become available to the applicant next in priority pursuant to Section 10.50.040. Whenever a vehicle for which rental payments had previously been made, is found to be parked in a parking lot for which current rental payments have not been made, that vehicle’s owner shall be subject to a fine set by a resolution of the City Council for each violation. The resale or transfer of permits without the approval of the City is prohibited. Any person found selling or transferring a permit without the approval of the City will have the permit revoked. For the purpose of this section, each violation shall be considered the elapse of (1) hour from the time reported on the last violation for the same vehicle in the same space shall be considered a separate offense. No more than three (3) separate consecutive offenses will be allowed for the same vehicle parked in the same space. (Ord. 1654 (part), 1992)