A. If the finance director finds that collection of the tax will be jeopardized for any reason, the finance director may declare the taxable period immediately terminated, determine the tax, and issue a notice of determination, assessment and demand for payment. Notwithstanding the provisions of Section 3.16.083, the tax shall then be due and payable forthwith, and the finance director may proceed to collect the tax as provided in Section 3.16.095.

B. If the taxpayer subject to a jeopardy assessment provides security for payment of the tax satisfactory to the finance director, the finance director may forego the jeopardy assessment collection proceedings. (Ord. 1993-7 Exh. B (part))