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

B. The remaining proceeds from city taxes imposed herein shall be distributed to the city monthly and those taxes (imposed under Section 3.04.010) shall be placed by the city treasurer in a municipal capital improvements fund. These capital improvements funds shall be used by the city as authorized by RCW 82.46.010, as now or hereafter amended.

C. This section shall not limit the existing authority of this city to impose special assessments on property specially benefited thereby in the manner prescribed by law. (Ord. 2890 § 1, 2012; Ord. 2226 § 1, 1992: Ord. 2011 § 4, 1986)