3.70.030 Method of financing – Service fee.
(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.)