Once the occupational tax is collected, the City Finance Officer shall be entitled to recover its administrative costs in the amount of 2% and deposit the remaining balance into a separate fund established for BID #1. The Board of Directors shall make annual recommendations for the use of the tax funds that are consistent with the city's "Plan," findings and purpose noted above, and SDCL § 9-55-3, as amended.
(Ord. 1312, passed 4-7-2014)