(A) Within 60 days of the effective date of this subchapter, the Village Assessor shall prepare the initial base year assessment roll. The initial base year assessment roll shall list each taxing jurisdiction in which the development district is located, the initial assessed value of the Development District on the effected date of this subchapter and the amount of tax revenue derived by each taxing jurisdiction from ad valorem taxes on the property in the Development District.
(B) The Assessor shall transmit copies of the initial base year assessment roll to the Village Treasurer, County Treasurer, Downtown Development Authority and each taxing jurisdiction, together with a notice that the assessment roll has been prepared in accordance with this subchapter and the Tax Increment Financing Plan contained in the Development Plan approved by this subchapter.
(Ord. 131, passed 5-26-1992)