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Management and shall be accompanied by payment of the monthly perking fee for the <br /> applicable period. <br /> 59. ISSUANCE OF PERMITS. Permits shall be issued for any area designated for monthly <br /> or other than hourly parking only up to the number of spaces available in such area. In <br /> the event the number of applicants for spaces in a designated area ex eeds the number of <br /> spaces therein, such excess applications shall be placed and kept on le in chronological <br /> order by the Director of Financial Management, and as space becom�s available, permits <br /> shall be issued in the order applications were received. No person shall sell, transfer, or <br /> assign any permit to another person. Renewal of permits shall have lireference over all <br /> other applicants,provided that renewal applications shall be made ani the appropriate fee <br /> paid before expiration of the current period. <br /> i <br /> 60. IMPOUNDMENT OF VEHICLE. Any vehicle parked, stored or 1 ft standing within <br /> an area in Garages B and C designated for monthly or other than ho u ly parking which <br /> has not been issued a permit for such may be towed from the area an impounded until <br /> such time as the owner thereof shall pay the costs and charges for such towing along with <br /> a processing fee at the rate established in Section 74 of this chapter. <br /> 61. NATURE OF PERMIT. The issuance of a parking permit authorized under the <br /> provisions of this Chapter shall constitute a license to use vacant spa�e and neither the <br /> City nor any officer or employee thereof shall be liable for any loss, damage or injury <br /> growing out of or connected with the use of said space, or to such ve icle or its contents, <br /> or for the loss or theft thereof. <br /> 62. REVOCATION OF PERMIT. Any parking permit authorized and r the provisions of <br /> this Chapter may be revoked by the City Manager at any time. <br />