(A) A need now exists for the establishment of a Cumulative Park Fund for any lawful purposes set out in I.C. 36-10-3-21.
(B) This Board will adhere to the provisions of I.C. 36-10-3-21. The purposed fund will not exceed $.01 on each $100.00 of assessed valuation. Said tax rate will be levied beginning with taxes for 2014 payable 2015.
(C) Proofs of publication of the public hearing held on May 20, 2014, and certified copy of this Ordinance 5-20-2014 shall be submitted to the Department of Local Government Finance of the State of Indiana as provided by law. This Cumulative Fund is subject to the approval of the Department of Local Government Finance.
(Ord. 5-20-2014, passed 5-20-14; Am. Ord. 7-21-2014, passed 7-21-14)