§ 51.12 PAYMENT IN LIEU OF TAXES.
   (A)   The city water utility shall pay an amount semi-annually to the city which is sufficient to compensate the city for the taxes due the city which would have been paid on the utility property were it privately owned.
   (B)   Such funds paid in lieu of taxes shall be transferred to the General Fund.
(2003 Code, § 13.08.120) (Ord. 1981-10, passed 6-8-1981)
Editor’s Note:
   Application and enforcement of this section has been suspended by Res. 2017-10, passed 8-14-2017