(A) Within 60 days of the June 1, 2006, the Village Assessor shall prepare the initial base year assessment roll. The base year assessment roll shall list each taxing jurisdiction in the Development Area on the effective date of this subchapter, 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 property in the Development Area.
(B) The Village Assessor shall transmit copies of the base year assessment roll to the Village 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 subchapter and the tax increment financing plan contained in the plan approved by this subchapter.
(Ord. 259, passed 5-18-2006)