In my suburban neighborhood, the usual line of thinking is this:
Garages are for tools.
Driveways are for RVs and boats.
Streets are for cars.
This partly stems from a county ordinance preventing RVs and boats from being parked on the streets. The homeowner’s association has a rule against parking RVs and boats on driveways, but they don’t enforce it.
The problem is that is unclear. The OP’s interpretation is the 2nd and 4th Wednesdays of the month, which would not necessarily yield the same results.
Where I"ve seen the “odd” or “even” language it referred to whether the date was odd or even.
Essentially this sets up an every two weeks street sweeping schedule without you having to know what happened the previous week and they don’t have to get really complex with the sign (my aunt used to live in a giant development that actually put new stickers on their signs every January listing all of the no parking days for street cleaning).
So for this month it would mean no parking on May 13 and 27 and you don’t have to worry about what happens with something like “1st and 3rd Tuesday” in a month with five Tuesdays.
They put in this rule down the street from me, near apartments, except they issued permits that allowed those owning homes near the apartments to park on the street. No additional comment will be made, it being GQ.
The only rub is that it screws up every time you cross the end of a month with an odd number of days. In such months, the even/oddness of the days in the first week of the subsequent month matches the last week of the current month. You either wind up doing two consecutive weeks or skipping two weeks instead of one. That said, you probably accept it for the sake of simplicity anyway.
No, for instance there are five Fridays in this month, which has 31 days. The Fifth Friday is on the 29th - odd. Friday of the following week is on the 5th - also odd. Had this been a month with 30 days, the following Friday would have been on the 6th - even. If we take the rule to mean even or oddness of the day number, five occurrences in a month don’t screw up having them alternate, but odd length months do, whether the last weekday is the fourth one or the fifth one.
If you follow the rule that the sign means Wednesdays on odd numbered weeks, a fifth Wednesday goofs up the alternation, with a first Wednesday of the next month the week after the fifth Wednesday of the current month.