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<br />, , <br /> <br />. <br /> <br />. <br /> <br />- 6 - <br /> <br />the City determines otherwise, such covenants will be enforced by <br />the Distric~'s residents in accordance with the covenants. <br /> <br />b. The District presently operates and <br />maintains a recreational vehicle (RV) parking area on lands owned <br />by Dynamic Investments, Inc. on and after the annexation date, <br />the City agrees to operate and ~aintain the RV parking area for as <br />long as Dynamic Investments makes its land available for the RV <br />parking area. If such lands are not made available for the RV <br />parking area in the future, the City agrees to work with the resi- <br />dents of the District and any developers in the District to ac- <br />commodate the needs of District residents for a RV storage area. <br />The City further agrees that, i~ connection with the planning of <br />future development in the Distr~ct, and in connection with the <br />approval of future development, if deemed reasonable and proper by <br />the Council, it will require that the developer(s) provide RV <br />storage facilities open for use by all residents of the District. <br />If the City operates the RV sto~age area, it will do so as an en- <br />terprise activity whereby the u$ers thereof will pay all of the <br />costs of operating and maintaining the facility. <br /> <br />B. Taxation and Spe~ial Assessments: <br /> <br />1. Taxation: <br /> <br />a. On and after the annexation date, the <br />District's residents will be su~ject to the city Sales & Use Tax. <br />Generally, there will be little difference to a resident of the <br />District, assuming that at present retail purchases are already <br />made at locations in the City. Major items which will, following <br />annexation, be subject to the tax (which may not have been <br />previously for District residents), include vehicles, large <br />appliances, and building materials. On and after the annexation <br />date, residents of the District will pay 2.75% of the purchase <br />price of retail goods purchased, pursuant to the City Sales and <br />Use Tax Ord~nances. <br /> <br />b. With respect to real property taxation, <br />the city's ad valorem mill levy applicable to the District lands <br />and improvements will not become effective until the January 1st <br />following the annexation date. Thus, if the annexation date is in <br />the spring of 1992, the City'S property tax will be applicable as <br />of January I, 1993. <br /> <br />2. Special Assessments: <br /> <br />Pursuant to the City's People's Ordinance No. <br />33 and other state and local law, special assessments may be im- <br />posed for the construction of street, drainage, curb, gutter, <br />sidewalk, and other improvements only pursuant to a petition <br />signed by more than 50% of the o~ners of more than 50% of the <br /> <br />-:md <br />