On April 2 the Board of Aldermen chose Bennett Construction to place a total of 315 parking meters on the Square.
The board approved the bid for more than $386,000. The board also had bids from DeSoto County Electric Inc. for $395,650 and J.J. MacKay Canada Limited for $404,479.
Bennett Construction will use IPS meters. The meters are assumed to be used 300 days of the year. The fee for parking has not been passed yet, but is estimated to be $1 an hour. The city is expected to gain revenue between $567,000 to $850,000.
