(1) A permit parking area is hereby established within the geographic area encompassed by the following boundaries and applying to both sides of a street unless otherwise provided: Commencing at the intersection of 1500 North and 300 West, thence north along 300 West to 1625 North, thence east along 1625 North to 200 West.

(2) The foregoing described area shall be known as the Carterville Permit Parking Area and the boundaries thereof, as described in Subsection (1) of this Section, shall be shown on the Official Permit Parking Area Map.