A. The Mayor and City Council may establish by ordinance in accordance with state law one or more parking and business improvement areas within boundaries as described in the ordinance.
B. There may be imposed upon each type of business, including any profession, conducted within said parking and business improvement area, an annual assessment after formation, in addition to the tax imposed upon such business pursuant to the business licensing provisions of this Municipal Code. Such additional assessment shall be imposed at the rates set forth in the enacting ordinance for the specified classifications regardless of whether the business is taxed upon a flat rate or gross receipts or other basis, and reassessed annually as required by state law. Such additional assessment shall be imposed upon each business in accordance with the classifications set forth in Chapter 5.04 of this Municipal Code.
(Ord. MC-1484, 4-18-18; Ord. 3292, 9-25-72; Ord. 2711, 12-14-65)