CINCINNATI -- The city administration is recommending a residential parking plan for Over-the-Rhine that would cost residents $150 per year to buy in.

Acting City Manager Patrick Duhaney outlined Tuesday the administration's recommendations for an OTR residential parking plan in a memo to the mayor and city council.

As WCPO has previously reported, the plan -- if approved by City Council -- would utilized three different types of on-street parking spaces: residential-only, metered spaces and "flex" spaces -- those that residents can use at no cost, but would be metered for drivers without a residential parking permit.

Parking permits would be available at a cost of $150 per year for residents, unless they qualify for a reduced rate of $25 per year. The plan would cap the number of permits available at 500, with 250 set aside for low income residents, at the lower rate, Duhaney said.

"Any changes in these numbers may impact the parking revenue projections approved as part of the most recent city budget," Duhaney wrote.

Three other Cincinnati neighborhoods have residential parking plans -- Pendleton, the Clifton Gaslight district and Columbia Tusculum. Those permits cost residents in those neighborhoods $30 per year.

This is the administration's third attempt to enact a residential parking plan for the neighborhood. The two previous attempts were approved by a majority of City Council, but vetoed by Mayor John Cranley.