(A) There is reestablished a cumulative capital development fund for all uses as set out in IC 36-9-15.5.
(B) The fund will not exceed $0.0500 on each $100 of assessed valuation for taxes payable in 2025 and thereafter, continuing until reduced or rescinded.
(Ord. 1985-2, passed 3-4-85; Am. Ord. 1988-7, passed 6-6-88; Am. Ord. 2024-05, passed 4-9-24)