(A) The Council hereby finds that, pursuant to the Act, there is a need to impose additional CAGIT on the adjusted gross income tax of county taxpayers at the rate of 0.25% for the financing of the project and to pay debt service on bonds issued or annual lease rentals due under a lease to be entered into for the project.
(B) The County Council hereby increases the county adjusted gross income tax rate imposed upon county taxpayers of the county from 1% to 1.25%. This tax rate increase takes effect July 1, 2002.
(C) The County Auditor shall record all votes taken on this section and immediately send a certified copy of the results by certified mail to the State Department of Revenue.
(Council Ord. 2002-2, passed 3-29-2002)