(a) Within sixty days of the publication of this chapter, the City Assessor shall prepare the initial base year assessment roll. The base year assessment roll shall list each taxing jurisdiction in the Development Area of the Downtown District on the effective date of this chapter, the initial assessed value of each parcel of property within the Development Area, and the amount of tax revenue derived by each taxing jurisdiction from ad valorem taxes on the property in the jurisdiction of the Downtown Development Authority.
(b) The City Assessor shall transmit copies of the base year assessment roll to the City Treasurer, County Treasurer, the Authority and each taxing jurisdiction, together with a notice that the base year assessment roll has been prepared in accordance with this chapter and the tax increment financing plan contained in the Plan approved by this chapter.
(Ord. 543. Passed 5-6-91.)