Upon adoption of this chapter and establishment of the state equalized value of all property in the district, the City Assessor shall prepare an assessment roll of the district, calculate the initial state equalized valuation of the district and certify this valuation to the county’s Equalization Office and Secretary to the DDA Board. Each year thereafter, until the Secretary to the DDA Board certifies completion of the development plan, the City Assessor shall prepare assessment and tax rolls for the district, calculate the total amount of equalized valuation of the district, calculate the captured and non-captured equalized valuation of the district and certify these valuations to the county’s Equalization Office, Secretary to the DDA Board and City Treasurer.
(Prior Code, § 1.289) (Ord. 426, passed 5-16-1983)