(A) A Sewage Treatment, Storm Sewer, and Disposal Plant Cumulative Fund for the erection, remodeling, extension, and repairing of sewers, sewage treatment, and disposal plant, and storm sewers is established pursuant to Chapter 252 of the Acts of 1967.
(B) In order to provide for the Sewage Treatment, Storm Sewer, and Disposal Plant Cumulative Fund, the town shall levy annually a tax of $0.45 per $100 valuation on all taxable property within the corporate limits of the town for 12 consecutive years beginning in 2001 and ending in 2013, and such funds so received shall be deposited in a special fund to be known as the Town Sewage Treatment, Storm Sewer, and Disposal Plant Cumulative Fund, said fund to be used only for the purpose of erection, remodeling, extension, and repairing of sewers, sewage treatment, disposal plant, and storm sewers.
(Ord. 2000-6, passed 8-7-2000)