In July of each year, planning and development services department shall submit a report to the city council of all eligible completed new construction projects which qualified for the discretionary formula beginning in December of 2008. The report will include the description of each qualified property, the base full and true taxable value, the new adjusted full value of new construction and improvements and the amount of discretionary loss of taxable value as defined in city ordinance of 100%, 80%, 60%, 40% or 20% for each year of the eligible tax abatement.
(1992 Code, § 39-139) (Ord. 32-08, passed 3-3-2008; Ord. 64-20, passed 8-4-2020)