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A. The county treasurer shall place one percent of the proceeds of the taxes imposed herein in the current expense fund to defray costs of collections.

B. The remaining proceeds from city taxes imposed herein shall be distributed to the city monthly and shall be placed by the city treasurer in the city’s capital improvement fund.

C. This section shall not limit the existing authority of this city to impose special assessments on property benefited thereby in the manner prescribed by law. (Ord. 951, 1990; Ord. 740, 1982)