Section 75-67 DOWNTOWN SERVICE DISTRICT - PURPOSES OF TAX AND FACILITIES AND SERVICES PROPOSED.

75-67 DOWNTOWN SERVICE DISTRICT - PURPOSES OF TAX AND FACILITIES AND SERVICES PROPOSED

A. Taxes collected pursuant to this Article shall be levied for and used to provide additional governmental services not being offered uniformly throughout the entire town, including, but not limited to, economic and business development and promotional activities intended to foster business retention; business recruitment and developer recruitment; physical improvements to public facilities which are unique to downtown; planning for the development and acquisition of public spaces needed for downtown; and those public improvements enumerated in Section 15.2-2403, Code of Virginia (1950), as amended.

B. Taxes collected pursuant to this Article shall be segregated so as to enable the same to be expanded only in the downtown service district in which raised.