§ 3-8.04 APPLICABILITY.
   The new area development tax shall be applicable to property which had not been recorded for annexa-tion on or before August 5, 1982. Recognizing that commercial and industrial development generates revenue to the city in addition to property taxes, such as the sales tax and other levies, the new area development tax shall be applicable only to residential development.
('66 Code, § 3-8.04) (Ord. 542-C-S, passed 2-24-83)