A. The tax not exceeding the maximum amount set forth in this section is hereby levied, commencing in the fiscal year 2006-2007, on all taxable properties within the boundaries of the city at the maximum flat rate of seventy dollars ($70.00) per Single-Family Equivalent Residential Unit (ERU). For the purposes of defining an Equivalent Residential Unit, the following categories are established:
1. Single-family residential (1);
2. Multi-family residential unit (.75 per each unit of the multi-unit complex);
3. Condominium (.75 per each condominium unit);
4. For mixed uses, such as commercial and residential, the tax shall be based upon the residential units existing on such parcel as specified above.
5. Vacant parcels shall not be subject to the tax.
B. For purposes of this chapter, "taxable" properties are those not owned by the city, the State of California, any other public district or agency of the State or the United States of America.
C. The tax shall not exceed the maximum amount set forth in this section, except that the tax may be increased annually by the annual percent increase for the prior calendar year, if any, by the percentage equal to the percentage change in the Construction Engineering Index for the geographic area most applicable for the preceding twelve (12) month period calculated from April 1 to March 31. If this index should cease publication, the City Administrator shall use any appropriate official index published by the Bureau of Labor Statistics, or successor, or similar agency as may then exist or may then may be most nearly equivalent thereto.
D. If approved by the voters, the special tax shall continue until repealed by the City Council or by the voters, or on July 1, 2017, at which time the taxes imposed by this chapter shall cease.
(Ord. 760, 2006).