(A) Establishment. The Darlington Town Council hereby re-establishes the Cumulative Capital Development (CCD) Fund pursuant to I.C. 36-9-15.5, to be used for the purposes allowed and set forth in I.C. 36-9-15.5-2.
(B) Tax rate. The Darlington Town Council now levies a property tax to provide funds to the CCD Fund. The property tax will not exceed $0.05 per $100 of assessed valuation. This tax rate will be levied beginning with taxes for 2023 and payable in 2024.
(C) DLGF approval. The Darlington Town Council directs the Town of Darlington Clerk-Treasurer to submit, to the Indiana Department of Local Government Finance, all proofs of publication of the notices to affected taxpayers and the Council's public hearing held on May 5, 2022 and a certified copy of the ordinance codified herein, as provided by I.C. 6-1.1-41-4, as the town's proposal for establishing the CCD Fund and imposing a tax levy by the town to be approved by the Department of Local Government Finance. This proposal must be submitted to the Indiana Department of Local Government Finance by June 1, 2022, in accordance with I.C. 6-1.1-41-4.
(Ord. 06-17-2015, passed 6-17-2015; Am. Ord. 04-2022, passed 5-5-2022; Am. Ord. 2023-1, passed 5- 4-2023)