(A) A need now exists for the establishment of a Cumulative Capital Fund for the purposes and uses as set out in I.C. 36-9-14.5-2 and I.C. 36-9-16-3 et seq.
(B) This Board will adhere to the provisions of I.C. 36-9-14.5 et seq. The Fund will not exceed $.0333 on each $100 of assessed valuation. Said tax rate will be levied in 2017, payable in 2018.
(Ord. 1406A, passed 3-14-2017)