(a) Under the provisions of Ohio R.C. 4504.06, an annual municipal motor vehicle license tax is hereby levied for the purpose of paying the costs and expenses of enforcing and administering the tax as provided in Ohio R.C. 4504.06; and for planning, constructing, improving, maintaining, and repairing public roads, highways and streets; maintaining and repairing bridges and viaducts; paying the municipal corporation's portion of the costs and expenses of cooperating with the Department of Highways in the planning, improvement and construction of State highways; paying the municipal corporation's portion of the compensation, damages, cost and expenses of planning, constructing, reconstructing, improving, maintaining and repairing roads and streets; paying any costs apportioned to the municipal corporation under Ohio R.C. 4907.47; paying debt service charges on notes or bonds of the municipal corporation issued for such purposes; purchasing, erecting and maintaining street and traffic signs and markers; purchasing, erecting and maintaining traffic lights and signals; and supplementing revenue already available for such purposes.
(b) Such levy shall be at the rate of five dollars ($5.00) per motor vehicle on all motor vehicles, the district of registration of which, as defined in Ohio R.C. 4503.10, is located in the Municipality of Milford, Clermont County, Ohio, and shall be in addition to the taxes at the rates specified in Ohio R.C. 4503.04 and 4503.16, subject, to quarterly reductions in the manner provided in Ohio R.C. 4503.13 and the exemptions provided in Ohio R.C. 4503.16, 4503.17 and 4503.171.
(c) The moneys received by the Municipality of Milford, Clermont County, Ohio, from the Auditor of Clermont County, Ohio, as provided in Ohio R.C. 4504.07, shall be used by Milford only for the purposes described in Ohio R.C. 4504.06.
(d) A copy of this section as adopted shall be certified to the Registrar of Motor Vehicles not later than August 1, 1970.
(Ord. 373. Passed 7-21-70.)