City Code Section
- A. Prior to January 1st of the license year commencing October 1, 2035 and each tenth year thereafter, the Division will determine whether Assessed Value of Improvements, as defined in Section 6.06.020 A., is readily available from the Multnomah County Office of Assessment and Taxation for the property tax year referenced in Subsections 6.06.200 B. and 6.06.210 B. and is expected to remain so for the next ten license years.
- B. If the Assessed Value of Improvements are, or expected to be, no longer readily available, then prior to March 1st immediately following the January 1st referenced in Subsection 6.06.241 A., the Division will provide to the contractor’s board of directors a forecast of District revenues for the upcoming license year using Assessed Value of Improvements from a property tax assessment year for which data is expected to be readily available for the following ten license years.
- C. Prior to May 1st immediately following the March 1st referenced in Subsection B. of this Section, the Division will make a recommendation to Council to amend the dates in Subsections 6.06.200 B. and 6.06.210 B. in agreement with the revenue forecast developed in Subsection 6.06.241 B. The recommendation will include amending the denominator for the CPI-W adjustment factor referenced in Subsection 6.06.020 E. to that of the amended property tax assessment year.