The council of the city finds that the continued increase in the development and construction of dwelling units in the city has created an urgent need for the planning, acquisition, improvement and expansion of public parks, playgrounds and other recreation facilities to serve the city’s increasing population, and that there exists a need to find sources of revenues with which to finance in part these required additional public facilities. The council declares that the taxes required to be paid under this chapter are assessed pursuant to the taxing power of the city, are assessed solely for the purpose of producing revenue, and are not enacted for regulatory purposes. (Prior code § 2576)