Extracted standards
4 individual requirements pulled out of this section’s prose, each with the sentence it came from.
Other
- Construction tax expansion threshold60 pct
expansion of any existing buildings which increases the floor area of the building by more than sixty percent.
- Other construction tax rate0.25 pct_of_valuation
one-quarter of one percent of the valuation used for determination of building permit fees pursuant to the Uniform Building Code, or ninety dollars times the number of employees expected to be employed by the use or uses contemplated by the construction, whichever is less.
- Residential construction tax rate72.5 dollars_per_du
seventy-two dollars and fifty cents multiplied by the average density per dwelling unit as set forth in Title 17, multiplied by the number of dwelling units.
- Use of construction tax revenues
revenues collected pursuant to this chapter shall be deposited in a park and recreation fund and shall be used solely for the development of public parks and recreational facilities, the improvement of existing parks and recreational facilities, and the acquisition of land for parks and recreational facilities.
From the ordinance
There is imposed for revenue purposes a license tax within the city on the construction of any new buildings, or the expansion of any existing buildings which increases the floor area of the building by more than sixty percent.