§ 49-98. Initial determination of a tax increment.

The Board shall adopt for each Zone a Tax Increment Resolution: (1) designating the Base Year Assessment Roll; (2) setting the percentage to be applied to the formula set forth in Section 4(B) of this Ordinance for the calculation of the Tax Increment; (3) specifying the number of County fiscal years to be utilized in determining the annual Tax Increment; and (4) setting the Initial Tax Increment Year. At the discretion of the Board, the resolution adopting and revising the Economic Development Plan and the initial Tax Increment Resolution can be combined into a single resolution serving both functions.

(Ord. No. 2010-20, § 9)