(A) The Chief Appraiser of the County Appraisal District will annually determine an assessment of the real and personal property comprising the reinvestment zone. Each year, the company or individual receiving abatement shall furnish the appraiser with such information as may be necessary for the abatement. Once value has been established, the Chief Appraiser will notify the city of the amount of the assessment.
(B) The abatement agreement shall stipulate that employees and/or designated representatives of the city will have access to the reinvestment zone during the term of the abatement to inspect the facility to determine if the terms and conditions of the agreement are being met. All inspections will be made only after the giving of 24 hours’ prior notice and will only be conducted in such manner as to not unreasonably interfere with the construction and/or operation of the facility.
(C) All inspections will be made with one or more representatives of the company or individual and in accordance with its safety standards.
(D) Upon completion of construction, the designated representative of the city shall annually evaluate each facility receiving abatement to ensure compliance with the agreement, and a formal report shall be made to the City Council regarding the findings of each valuation.
(2012 Code, § 80-38) (Ord. 071602, passed - -2007)