(A) Established. There is established a Cumulative Firefighting Building and Equipment Fund.
(Prior Code, § 43.065)
(B) Tax levy. A property tax levy will be imposed and the revenues from the levy will be deposited and held in a special fund to be known as the Building or Remodeling, Firefighting, and Police Radio Equipment Fund.
(Prior Code, § 43.066)
(C) Maximum rate of tax levy. The maximum rate of levy under division (B) above will not exceed an amount as set by the city from time to time of assessed valuation of property.
(Prior Code, § 43.067)
(D) Established for certain year. The Cumulative Firefighting Building and Equipment Fund is established for 1996.
(Prior Code, § 43.068)
(E) Designated uses. The funds accumulated in the Cumulative Firefighting Building and Equipment Fund will be used for:
(1) The purchase, construction, renovation, or addition to buildings used by the Fire Department;
(2) The purchase of firefighting equipment for use of the Fire Department, including making the required payments under a lease rental with option to purchase agreement made to acquire the equipment;
(3) The purpose of police radio equipment; and
(4) The purchase, construction, renovation, or addition to a building, or the purchase of equipment, for use of a provider of emergency medical services under I.C. 16-31-5.
(Prior Code, § 43.069)
(Ord. 0-94-0015, passed - -1994; Ord. 0-95-0009, passed - -1995)