(A) To provide funds for the acquisition, construction, renovation, equipping, operation, repair and maintenance of municipal parks and recreational facilities of the Municipality, there is levied, in addition to any other income tax imposed, a tax on income at the rate of 0.10% per annum for a continuing period of time beginning January 1, 2012, upon Municipal Taxable Income.
(B) The funds collected under the provisions of this section shall be deposited in the Park and Recreation Fund and said funds shall be disbursed in the following manner:
(1) All of the gross available income tax receipts received annually which are attributable to the additional income tax levied pursuant to subsection (a) hereof shall be set aside and used for the acquisition, construction, renovation, equipping, operation, repair and maintenance of municipal parks and recreational facilities of the Municipality, including, but not limited to, the payment of any architectural, engineering, legal or other professional services related to the acquisition, construction, renovation, equipping or repair of any such municipal parks and recreational facilities.
(2) All expenses and costs of collecting the income taxes and the costs of administering and enforcing the provisions thereof shall be charged to the General Fund.
(C) This a continuation of the tax rate in effect as of January 1, 2012 under Section 181.036 of the Codified Ordinances of Montpelier, Ohio.
(Ord. 2193. Passed 11-23-15.)