A. Assessment Imposed: Effective January 1, 1976, there is hereby imposed a Business Improvement Area Assessment, to be known as the "assessment" upon all permanent businesses located within the boundaries of the Downtown Business Improvement Area of the City established by this Chapter.
The initial rate of increase or additional levy of the assessment imposed by this Chapter is an amount equal to one hundred percent (100%) of the business license taxes imposed by Chapter 1 of this Title as the same apply to permanent businesses located within the boundaries of the Downtown Business Improvement Area of the City established by this Chapter and which are required to pay a license tax upon an annual or quarterly basis under the provisions of said Chapter 1 of this Title. As to those businesses subject to the assessment which are exempt from the business license tax imposed by Chapter 1 of this Title, the amount of the assessment shall be established in the manner provided in Streets and Highways Code sections 36500 et seq.
B. Business Subject To Assessment: All businesses, including but not limited to financial institutions, professions and retail stores, located within the Area, are subject to and shall pay the assessment.
C. Collection Of Assessment: The collection of the initial rate of increase or additional levy of assessments imposed by this Chapter shall be made at the same time and in the same manner as the ordinary business license tax of the City under the provisions of Chapter 1 of this Title as the same apply to businesses which are required to pay a license upon an annual or quarterly basis. Such assessments shall be computed in the manner provided for in said Chapter 1 of this Title as the same applies to businesses paying a regular business license tax on an annual or quarterly basis.
D. Exemption From Assessment; Voluntary Contribution: Any business, person or institution located within said Area which is exempt from the payment of the assessment imposed by this Chapter by reason of the provisions of the United States or California Constitution is not to be assessed under this chapter but may make a voluntary contribution to the City. Such contributions shall be used for the purposes provided in subsection 3-2-4C of this chapter. (Ord. 9502, 2-21-1995)