A. If the tax collector believes that the collection of any tax or any amount of tax required to be collected and paid to the City or of any determination will be jeopardized by delay, the tax collector shall thereupon make a determination of the tax or amount of tax required to be collected, noting that fact upon the determination. The amount determined is immediately due and payable.

B. If the amount specified in the determination is not paid within ten days after service of notice thereof upon the person against whom the determination is made, the amount becomes final at the expiration of the ten days, unless a petition for redetermination is filed within the ten days, and the delinquency penalty and the interest provided in Section 7.48.120 shall attach to the amount of the tax or the amount of the tax required to be collected.

C. Any person against whom a jeopardy determination is made may petition for the redetermination thereof pursuant to Section 7.48.140. The person shall, however, file the petition for redetermination with the tax collector within ten days after the service upon them of notice of determination. The person shall also within the ten-day period deposit with the tax collector such security as they may deem necessary to insure compliance with this chapter. The security may be sold by the tax collector in the manner prescribed by subsection A of Section 7.48.180. (Ord. 5060-NS § 11, 1978)