The Council finds that residential and commercial development in the city have caused an increase in population density which increases the need for public facilities for park and recreation purposes and that the fairest and most practical means of obtaining the moneys necessary therefor is to impose a property development tax upon residential and commercial construction or placement in the city.
('66 Code, § 9-4.1401) (Ord. 275-C-S, passed 3-11-75)