(A) A Cumulative Capital Development Fund shall be established for the purpose of capital improvements for other purposes to protect the public health, welfare, and safety in an emergency situation.
(B) The Board will adhere to the provisions of I.C. 36-9-15.5. The proposed fund will not exceed $0.15 on each $100 of assessed valuation. This tax rate will be levied beginning with taxes 2000, payable 2001.
(1985 Code, § 9-8-2.5) (Res. 1988- , passed 5-10-1988; Ord. 1992-4, passed - -1992; Ord. 1996-11, passed 7-29-1996; Ord. 2000-4, passed 4-12-2000)
Statutory reference:
Fund established and maintained, provisions, see I.C. 36-9-15.5 et seq.