(A) A need exists for the re-establishment of the Cumulative Capital Fund for all purposes and uses set out in IC 36-9-15.5-2 either as written or amended.
(B) this Board will adhere to the provisions of IC 6-1.1-41 and 36-9-15.5 et seq. The proposed re-established Cumulative Capital Development Fund will not exceed $.05 per $100 of assessed valuation payable in 2021 and thereafter, continuing until reduced or rescinded.
(Ord. 2012-G-12, passed 7-30-12; Am. Ord. 2017-G-05, passed 4-18-17; Am. Ord. 2021-G-05A, passed 3-16-21)