(A) Cumulative Capital Development Fund re-establishment. The Town Council hereby re-establishes the CCD Fund pursuant to I.C. 36-1.1-41, to be used for the purposes allowed and set forth in I.C. 36-9-15.5. Uses of money from the Fund specifically include any purpose for which property taxes may be imposed within the town under the authority of:
(1) I.C. 8-16-3;
(2) I.C. 8-22-3-25;
(3) I.C. 14-27-6-48;
(4) I.C. 14-33-14;
(5) I.C. 16-23-1-40;
(6) I.C. 36-8-14;
(7) I.C. 36-9-4-48;
(8) I.C. 36-9-16-2;
(9) I.C. 36-9-16-3;
(10) I.C. 36-9-16.5;
(11) I.C. 36-9-17;
(12) I.C. 36-9-26;
(13) I.C. 36-9-27-100;
(14) I.C. 36-10-3-21; or
(15) I.C. 36-10-4-36.
(B) Increase in tax rate. The Town Council hereby levies a property tax to provide funds to the CCD Fund. The property tax levy will not exceed $0.05 per $100 of assessed valuation. This tax rate will be levied beginning with taxes assessed for 2015 and payable in 2016.
(C) DLGF approval. The Town Council directs that proof of publication of the Notice to Affected Taxpayers and a certified copy of this section be submitted to the Indiana Department of Local Government Finance as the town’s proposal for re-establishing the CCD Fund and imposing the tax levy by the town to be approved by the Department of Local Government Finance.
(Ord. 2012-09, passed 7-9-2012; Ord. 2015-04, passed 5-11-2015; Ord. 2015-13, passed 9-14-2015; Ord. 2015-16, passed 9-14-2015; Ord. 2017-09, passed 12-11-2017)