5.05.050 Assessment calculation.
All businesses operating in the above-described area will be assessed a share of the costs of the aforementioned services and programs as determined by the following formula:
A. Base Amount. In the first six months of adoption of the ordinance codified in this chapter, there will be a mandatory minimum payment from each affected transportation dealer in the amount of $3,000 per month per business. Car dealers/Owners with separate brands pay on the basis of each business license taken out by City for first six months of assessment district.
B. After six months of adoption of the District, the three-tiered system with minimums and maximums is applied.
C. Tiered system is based upon the fact that all dealers, regardless of type and style of vehicle, pay a base assessment of $3,000 per month.
1. Any sales above $24,000,001 in annualized sales, after the first six months of the district, will pay at a rate of 0.0015 of the average quarterly sales ($24,000,000 in sales per year times 0.0015 equals $36,000 per year).
2. Maximum Amount. The maximum amount any dealer can pay is $6,000 per month – therefore annualized sales above $48,000,001 per year are capped at $6,000 per month. (Ord. 3125 § 1, 2009).