The city assessor shall prepare the initial base year assessment roll. The initial
base year assessment roll shall list each taxing jurisdiction in which the development
district is located, the initial assessed value of the development district on the
effective date of this division and the amount of tax revenue derived by each taxing
jurisdiction from ad valorem taxes on the property in the development area.
(b)
The assessor shall transmit copies of the initial base year assessment roll to the
city treasurer, county treasurer, downtown development authority and each taxing jurisdiction,
together with a notice that the assessment roll has been prepared in accordance with
this division and the tax increment financing plan contained in the development plan
approved by this division.
(Ord. No. 492, § 4, 3-29-89)
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