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(A) An ad valorem property tax levy shall be imposed and the revenues from the levy shall be retained in the City Cumulative Capital Development Fund.
(B) The maximum rate of levy under division (A) above shall not exceed $0.0500 per $100 assessed valuation for 2018 and thereafter.
(Prior Code, § 33.11) (Ord. 1984-9, passed 8-21-1984; Ord. 1985-3, passed 5-21-1985; Ord. 2004-8, passed 7-20-2004; Ord. 2017-05, passed 6-7-17) (Amended 2-17-2010)