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 this chapter shall be placed by the city treasurer in a municipal capital improvements fund and expended as authorized by law under RCW 82.46.035 as now enacted or hereafter amended.

C. This section shall not limit the existing authority of this city to impose special assessments on property benefitted thereby in the manner prescribed by law. (Ord. 1066-12 § 1; Ord. 470 § 4, 1982).