There is hereby imposed a real estate transfer tax of one-quarter of one percent of the selling price of all real property within the city limits.
(Ord. 998 § 1, 1990)
The receipts from this real estate transfer tax shall be used primarily for financing capital projects specified in capital facilities plan element of a comprehensive plan and for housing relocation assistance as specified in the Growth Management Act.
(Ord. 998 § 2, 1990)
The ordinance codified in this chapter shall take effect and be in force five days from and after its passage according to law.
(Ord. 998 § 3, 1990)