The city council hereby imposes an additional excise tax on each sale of real property in the corporate limits of the city of North Bend as established by the taxes, rates and fees schedule adopted by ordinance in accordance with RCW 82.46.010, as it now exists or may hereafter be amended.
(Ord. 848 § 1, 1991; Ord. 1237 § 2 (part), 2005)
All revenues from the tax imposed by this chapter received by the city shall be placed by the finance director in a separate account. Such revenues shall be used for financing capital projects specified in a capital facilities plan element of the city's comprehensive plan pursuant to RCW 82.46.010, as it now exists or may hereafter be amended.
(Ord. 848 § 2, 1991; Ord. 1203 § 1 (part), 2003; Ord. 1426 § 4 (part), 2011; Ord. 1505 § 2 (part), 2013)
King County officials responsible for the collection and disposition to the city of such taxes are hereby requested to collect such tax in accordance with the requirements of RCW 82.46.010, as it now exists or may hereafter be amended.
(Ord. 848 § 3, 1991)