183.01 TAXATION SCHEDULE FOR PARK AND RECREATION CAPITAL IMPROVEMENT FUND.

   The record owner of any real estate shall pay a tax in accordance with the schedule herein upon the construction or erection of any new industrial or commercial building or structure and any additions to such building resulting in an increase of the total square feet of the building. Such tax is due and payable prior to the commencement of any construction. The tax shall be paid into the Park and Recreation Department Capital Improvement Fund.

Schedule of Taxation

   (a)   Each industrial or commercial building or structure - one-tenth of one percent (.1%) of the total building cost for new construction.

   (b)   One-tenth of one percent (.1%) of the total building cost of any additions resulting in an increase in total square footage of a building or structure.

      (Ord. 2006-47. Passed 9-19-06.)