§ 19-50. Additional provisions.

(a) 

The Tax Assessor, after consultation with the Building Official, shall have the sole responsibility for determining the cost and value of the construction or improvements subject to a deferral of assessment increases hereunder.

(b) 

A copy of any assessment deferral agreement entered into pursuant to the provisions of this article shall be forwarded to the Tax Assessor, who shall adjust his records accordingly.

(c) 

The Tax Assessor shall forward a copy of its certification that the construction or improvements have been completed in accordance with the assessment deferral agreement to the Mayor. In the event that the Tax Assessor denies such certification, it shall send a copy of its denial to the Mayor (who shall inform the Town Council), and shall readjust his tax records in accordance with the provisions of this section.

(d) 

Any agreement entered into under the provisions of this article shall be recorded on the land records of the Town.

(e) 

The Tax Assessor is authorized to establish written procedures and technical specifications for the administration of this section.

(f) 

Properties upon which construction or improvements commenced prior to the adoption of this article, but which have not yet received a certificate of occupancy, may be eligible for the benefits set forth in this article, provided that they meet the requirements of and apply in accordance with the provisions of this article.

Ord. of 6-4-2003