[Ord. of 7-22-1983; amended by Ord. of 5-11-1978; Ord. No. 88-6, 5-23-1988; Ord. No. 89-8, 6-12-1989; Ord. No. 91-5A, 5-27-1991; Ord. No. 92-4 SP, 5-25-1992; Ord. No. 93-65, 5-24-1993; Ord. No. 94-6 SP, 5-23-1994; Ord. of 5-28-2002]
Pursuant to the provisions of Code of Virginia, § 15.2-2400 et seq., there is hereby imposed a tax of $0.24 for every $100 of assessed value of real property located in the downtown service district as hereinbelow defined, provided that no tax shall be imposed on any property the use of which is exclusively residential.
[Ord. of 7-22-1985]
The downtown service district shall consist of real property in the City which abuts the following streets:
(1) 
Franklin Street from Gardner Street to Barrett Street.
(2) 
Main Street and South Street from the Norfolk and Western Railroad tracks to 208 South Street.
(3) 
Middle Street from Jackson Street to Second Avenue.
(4) 
Mechanic Street from Jackson Street to First Avenue.
(5) 
East Street from Fifth Avenue to Second Avenue.
(6) 
Gardner Street from 250 feet west of Franklin Avenue to the Norfolk and Western Railroad tracks.
(7) 
Jackson Street from 250 feet west of Franklin Street to Middle Street.
(8) 
Fifth Avenue from Franklin Street to East Street.
(9) 
Fourth Avenue from 205 West Fourth Avenue to Mechanic Street.
(10) 
Third Avenue from 250 feet west of Franklin Street to East Street.
(11) 
Second Avenue from 206 West Second Avenue to Mechanic Street.
(12) 
First Avenue from 250 feet west of Franklin Street to Mechanic Street.
(13) 
Bogart Street from 250 feet west of Franklin Street to Main Street.
(14) 
Barrett Street from 200 feet west of Beale's Court to Main Street.
[Ord. of 7-22-1985]
The tax levied by this article shall be used for technical, administrative and promotional services for the economic revitalization of the downtown service district.
[Ord. of 7-22-1985]
The downtown service district tax shall be due and payable during the years for which it is assessed in two equal installments as follows: 1/2 on or before December 5 and 1/2 on or before June 5.
[Ord. of 7-22-1985]
In the event any installment of the downtown service district tax is not paid on or before the time it is due and payable, as set forth in § 27-138, there shall be added thereto a penalty of 10% of the amount of such unpaid installment.
[Ord. of 7-22-1985]
There shall be a lien on real estate for the taxes levied by this article and interest on such taxes at the rate of 10% per annum from the first day of the month following the due date of each installment until paid.
[Ord. of 7-22-1985]
This article shall be effective for the year beginning July 1, 1985.