(a) Upon enactment into law of an ordinance approving a development plan, the supervising agency shall assign the duty of inspecting the construction work on the development to the departments of the City which have, by law, jurisdiction over the facilities which are directly or indirectly affected by the construction of the development. Any department which is assigned to investigate shall make a written report on a periodic basis to the supervising agency which shall contain the following:
(1) A general description of the progress and type of work investigated;
(2) Stages of the development plan which have been completed and whether or not the construction work in progress will meet the time limits of the stages set forth in the development plan;
(3) Such other information as the supervising agency may require by rules and regulations; and
(4) Such other information as the department deems necessary and relevant.
(b) Upon completion of the development or stage of development, the redevelopment corporation shall request the supervising agency to issue a certificate of completion.
The supervising agency shall, within ten days, determine whether or not the development or stages of development have been completed in accordance with the development plan.
(c) If the supervising agency determines that the development has been completed in accordance with the development plan, it shall issue a certificate of completion which shall state the date on which the development was complete and shall forthwith transmit the same to the redevelopment corporation and the City Assessor.
(d) If the supervising agency determines that the development has not been completed in accordance with the approved development plan, the supervising agency shall forthwith notify the redevelopment corporation by registered mail, return receipt requested, of that fact and state the reasons for such finding. The supervising agency may thereafter undertake such enforcement proceedings as are provided in this chapter or by law.
(e) After the completion of the development and during the maximum exemption period the redevelopment corporation shall:
(1) Submit to the supervising agency for its review such reports, financial information, statements, audited reports or other material as the supervising agency may from time to time require, provided that such reports may not be required more often than once every six months; and
(2) Establish and maintain such depreciation and other reserves, surplus and other accounts as the supervising agency may reasonably require.
(1975 Code Sec. 5.157)