The Village Manager is directed to prepare a list of all lots and parcels within the Village, and assign a classification to each.
The three classifications of property and the rates assigned to each classification shall be as follows:
(a) Class A - Residential Property: $1.50 per month;
(b) Class B - Commercial Property: $5.00 per month;
(c) Class C - Industrial Property: $7.50 per month.
For purposes of this section, Residential Properties which are used solely for single family residences and/or duplexes will be classified as “Class A - Residential Property”. Condominium units which have one or more single family residences within a condominium unit shall be billed as a Class A - Residential Property at the rate of $1.50 per month per condominium unit. Multi- family apartment complexes housing three or more single family residences shall be classified as Class B - Commercial Property and will be billed $5.00 per month as a single commercial property. The downtown business district including occupied and vacant buildings, storage buildings and multiple use (residential/commercial) shall be classified as Commercial Properties and will be billed $5.00 per month per commercial business. All industrial zoned properties whether occupied, vacant, partially vacant or used for storage shall be classified as Class C - Industrial Properties and will be billed $7.50 per month. Copeland Oaks Retirement Community which consists of both commercial and residential properties shall be classified by the Village Manager as Class A properties or Class B properties in accordance with the provisions set forth above and will be billed accordingly.
(Ord. 06-13. Passed 2-25-13.)