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(a) The district will be financed by imposition of an annual service fee for 2024 on businesses within the following tier levels:

Tier 1: Businesses located in the area bounded by Gordon Street on the north; Norris Street on the south; Quincy Street on the east and Jackson Street on the west.

Number of Square Feet

Retail and Service (Main Floor) Rate

Retail and Service (Distinct From Main Floor Business) Rate

Trade/Office Space/Warehouse Rate

1 – 500

$100

$75

$75

501 – 1,000

$175

$125

$125

1,001 – 2,500

$250

$200

$200

2,501 – 5,000

$325

$275

$275

5,001 – 10,000

$400

$350

$350

10,001 – 20,000

$475

$425

$425

20,001 plus

$550

$500

$500

Tier 2: Businesses located in the area bounded by Morse Street on the north; Gordon Street on the south; Quincy Street on the east and Jackson Street on the west.

Number of Square Feet

Retail and Service (Main Floor) Rate

Retail and Service (Distinct from Main Floor Business) Rate

Trade/Office Space/Warehouse Rate

1 – 500

$50

$35

$35

501 – 1,000

$100

$50

$50

1,001 – 2,500

$125

$75

$75

2,501 – 5,000

$200

$150

$150

5,001 – 10,000

$225

$175

$175

10,001 – 20,000

$250

$200

$200

20,001 plus

$300

$250

$250

However, businesses that had a physical presence in the district on or before January 1, 2008, are not obligated to pay the fee.

(b) Service fees shall be due and payable on March 1st of each year. (Ord. 20473 § 1, 12-19-23.)