A. The county treasurer shall place one percent of the proceeds of the taxes imposed in this chapter in the county current expense fund to defray costs of collection.

B. The remaining proceeds from city taxes imposed in this chapter shall be distributed to the city monthly and those taxes imposed under ACC 3.56.010 shall be placed by the city treasurer in a municipal capital improvements funds. The proceeds from the first one-quarter of one percent shall be used by the city for local improvements, including those listed in RCW 35.43.040. The second one-quarter of one percent tax shall be expended as authorized by law under RCW 82.46.035(5).

C. This section shall not limit the existing authority of this city to impose special assessments on property benefited thereby in the manner prescribed by law. (Ord. 4871 § 1, 1996; Ord. 3814 § 4, 1982.)