Residential parking permits and residential parking visitor permits shall expire on July 31 of each calendar year and no part of the parking permit fees shall be pro-rated or refundable for any portion of a calendar year except as provided in this section. If a restricted residential parking area is formed and the City Council directs that enforcement therein is to commence at any time within 150 calendar days prior to July 31 of any calendar year, then the City Council may be resolution pro-rate or waive the fees for residential parking permits and residential parking visitors permits for any portion of this 150 calendar-day period providing that the permittee has paid for a permit for the annual period commencing the next August 1st. Residential parking permits and residential parking visitor permits shall automatically expire when the permittee no longer resides in the restricted residential parking area. (Ord. 97-3 §1, 1997; Ord. 96-13 §14, 1996).