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mobile phone. Use of the application is more convenient as customers <br /> will not have to "feed a meter" or pay at a pay station. Users can pay for <br /> parking using the app, mobile web, text message or by phone call. They <br /> can also select to receive a notification when parking is about to expire <br /> and can pay for extended time remotely through their phones. Existing <br /> parking meters will still be available. <br /> PayByPhone has current contracts locally with the Miami Parking <br /> Authority, Miami-Dade County Parks (including Haulover Park), Coral <br />• <br /> Gables, South Miami, Surfside and Fort Lauderdale. <br /> FUNDING SOURCE: <br /> The fees collected from users could be up to $5,000 per month once <br /> the application is being fully utilized (and is not estimated to exceed <br /> $60,000 annually). The fees will be invoiced by PayByPhone on a <br /> monthly basis and paid by check from the proceeds of the additional <br /> parking fees collected through the City. Funding Source is a <br /> passthrough of revenue 001-0-3445-344500-XXXXX. <br /> ATTACHMENTS: <br /> Description <br /> Resolution <br /> Agreement <br /> Item Number: 10.J. <br /> 341 <br />