The Council finds that the continued development and construction of residential dwelling units in the City has created a need for the planning, acquisition, construction, improvement, and expansion of general capital-related facilities to serve the City’s increasing population and that there exists a need to find sources of revenues with which to finance in part these required additional public facilities. The Council hereby declares that the taxes required to be paid pursuant to this chapter are assessed pursuant to the taxing power of the City and are assessed solely for the purpose of producing revenue.
(§ 1, Emergency Ord. 679-NS, eff. June 27, 1978; readopted July 11, 1978)