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The Park Excise Tax shall be at the following rate:

(A) From January 1, 2001 to December 31, 2005:

Residential Development:

$260.00

per dwelling unit.

Commercial Development:

$0.13

per square foot of gross floor area.

Industrial Development:

$0.07

per square foot of gross floor area.

(B) From January 1, 2006 and all subsequent years, unless otherwise amended:

Residential Development:

$520.00

per dwelling unit.

Commercial Development:

$0.13

per square foot of gross floor area.

Industrial Development:

$0.07

per square foot of gross floor area.

(Ord. 05-98 § 1, 2005; Ord. 96-87 § 1, 1996; Ord. 89-87 § 1, 1989.)