(A) A Park Excise Tax shall be imposed on all residential and nonresidential development in the city.

(B) Imposition of the Park Excise Tax does not alter, negate, supersede or otherwise affect any other requirements of City, County, State or Federal legislation or regulations that may be applicable to a development, including city zoning and/or subdivision regulations that may impose open space and park or landscape requirements and standards.

(C) Upon receipt of an application for a preliminary plat, the City Planner shall preliminarily calculate the amount of the Park Excise Tax by multiplying the applicable residential or nonresidential tax rate by the number of dwelling units or floor area (in square feet) estimated for the proposed development for which subdivision approval is being sought.

Such calculation shall be an estimate only for the benefit of the applicant and shall be subject to final determination at such time as applicant requests a building permit. (Ord. 96-87 § 1, 1996; Ord. 89-87 § 1, 1989.)