Ordinance No. 19621 - Laserfiche WebLink

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ORDINANCE N0. 19fi21 AN ORDINANCE CONCERNING THE DOWNTOWN DEVELOPMENT DISTRICT; AMENDING SECTIONS 3.700, 5.232, AND 5.233 OF THE EUGENE CODE, 1911; ADDING A NEW SECTION 5.276 TO THAT CODE; AND DECLARING AN EMERGENCY. ~~ e ~~~~ ~ a~,nrn~~~ c~- ~ Ilia . ~ y ~~x ~.. THE CITY OF EUGENE DOES ORDAIN AS FOLLOWS: Section 1. Subsections ~2}, ~3}, and ~4} of Section 3.700 of the Eugene Code, 1971, are amended to provide: 3.700 Dawntown Develo meet District Tax - Lev . ~2} Except as provided in subsections ~3} and ~4} of this section and except for professionals, far those exempt under state law from municipal taxation, and for an owner Or occupant of property exempt from taxation under section 3.755 of this code, each person who engages in a business in the Downtown Development District during part or all of a quarter of a year sha11 pay to the city far that quarter a tax of $2.80 per $1,000 of the gross re- tail sales and receipts from the business during that quarter. A minimum tax of $10.00 shall be charged each quarter of a year for each business. ~3} Each person engaged in banking or a savings and loan associ- ation business in the Downtown Development District during part ar all of a quarter of a year, shall pay to the city for that quarter a tax of $2.80 per $1,000 of one and three-quarters percent x.0115} of the total demand deposits, and of $2.80 per $1,000 of five-tenths of one percent x.005} of the total time deposits. Total time and demand deposits of banks sha11 be the total daily average deposits during that quarter as reported on the Federal Reserve Call; and total time deposits of savings and loan associtions shall be the total daily average of ail savings deposits during that quarter. Whenever savings and loan associations receive demand-type deposits, the tax rate on those deposits shall be $2.84 per $1,000 of one and three-quarters percent x.0115} of the daily average of those deposits during that quarter. ~4} Each person engaged in a consumer finance business in the Downtown Development District during part or all of a quarter of a year shall pay to the city for that quarter a tax of $2.80 per $1,000 of five percent x.05} of the total principal balance Of direct loans outstanding at the end of that quarter, excluding finance charges. Section 2. Sectian 5,232 of the Eugene Code, 1971, is amended to pro- vide: 5,232 Prohibited Parkin in Dawntown Develo ment District. ~ 1 } The prohibitions on parking contained i n this section apply Ord i Hance - 1