Section 25-424. Myrtle Avenue Business Improvement District  


Latest version.
  • a. The city
      council having determined, pursuant to subdivision b of  section  25-410
      of  chapter  four  of  this  title, that it is in the public interest to
      authorize an increase in the amount  to  be  expended  annually  in  the
      Myrtle  Avenue  business improvement district beginning on July 1, 2008,
      and the council having determined further that the tax and  debt  limits
      prescribed  in  section 25-412 of chapter four of this title will not be
      exceeded by such increased expenditure, there is  hereby  authorized  in
      such  district  an  annual  expenditure of four hundred six thousand one
      hundred forty-one dollars ($406,141).
        b. The amount of such expenditure to be levied upon each  property  in
      the  district  shall  be  determined  in  accordance  with the method of
      assessment set forth in the Myrtle Avenue business improvement  district
      plan.