Vermont § 325 - Annual taxation for Downtown Improvement District; free parking for two hours in public lots and garages; annual budget of Church Street Marketplace District

§ 325. Annual taxation for Downtown Improvement District; free parking for two hours in public lots and garages; annual budget of Church Street Marketplace District

• (a) The Church Street Marketplace Commission shall annually recommend and the City Council
  shall annually assess upon nonresidential properties (as defined in section 81 of
  this charter) located within the Downtown Improvement District a tax upon the dollar
  of the property grand list to be used for the herein enumerated purposes of the Downtown
  Improvement District, which tax shall not exceed $0.12 unless a larger amount has
  been authorized by the City Council upon affirmative recommendation of the Church
  Street Marketplace Commission. The revenues from such tax will be utilized for the
  purpose of providing a parking program that shall include not less than two free hours
  of parking for anyone parking in any designated municipally or privately owned or
  operated parking garage or parking lot located within the Downtown Improvement District
  pursuant to regulations to be established by the Public Works Commission. (b) Annual budget. The Commission shall prepare a proposed budget for each fiscal year showing the proposed
  expenditures and anticipated receipts of such year. The estimated net cost of operation
  of the Marketplace, after taking account of all anticipated receipts available to
  meet such cost, shall, on or before the 15th day of April 1980, and annually thereafter,
  be reported to the Mayor to be incorporated, with such changes as he or she deems
  expedient, into the annual budget to be submitted to the City Council for the next
  fiscal year. In adopting an appropriation for operation of the Marketplace, the City
  Council shall not determine that any portion thereof be raised by the City tax levy. (Amended 1999, No. M-9, § 7, eff. June 1, 1999.)