7.97.040 Calculation of assessments.
All businesses, trades, and professions located within the District boundaries shall, commencing on January 1, 2004, pay an annual benefit assessment to the District in the amounts shown in Table 7.97.040.
|
Annual Assessments |
|||
|---|---|---|---|
|
Type of Business |
Zone A |
Zone B |
|
|
a. Retailers and |
1-5 employees |
$200 |
$125 |
|
Restaurants: |
6-9 employees |
$300 |
$175 |
|
10+ employees |
$400 |
$225 |
|
|
b. Service Businesses: |
$175 |
$100 |
|
|
c. Professional Businesses: |
$100 |
$65 |
|
|
d. Financial Institutions |
$500 |
$500 |
|
No person or business shall be required to pay an assessment based on: (a) a residential use of the property within the District, or (b) a non-profit or government organization as defined by Section 501 (C) (6) of the Internal Revenue Service Code located within the District. Any new business established within the District shall not be required to pay an assessment for the Billing Period during which said business is initiated. (Ord. 6787-NS § 2, 2003)