(A) The Cumulative Firefighting Fund is hereby established.
(B)
To provide for that Fund, a tax will be levied annually not to exceed the rate of $0.0333 on each $100 of assessed valuation. Said tax rate will be levied beginning with taxes for 2020 payable 2021 and thereafter continuing until reduced or rescinded.
(C) As that tax is collected it shall be deposited in this town’s Building or Remodeling, Firefighting and Police Radio Equipment Fund to be appropriated according to law and used for one or more of the following purposes:
(1) The purchase, construction, renovation or addition to buildings;
(2) Purchase of land; used by the Fire Department or a volunteer Fire Department serving the unit; and
(3) The purchase of firefighting equipment for use of the Fire Department or a volunteer Fire Department serving the unit, including making the required payments under a lease rental with option to purchase agreement made to acquire the equipment.
(Prior Code, § 171.53) (Ord. 1997-1, passed 3-24-1997; Ord. 2020-1, passed 2-24-2020)