(A) A need now exists for the establishment of a Cumulative Firefighting Fund for the following purposes: purchase, construction, addition, renovation of buildings used by any fire department or volunteer fire company serving the town; the purchase of firefighting equipment for the use of any fire department or volunteer fire company serving the town, including making the required payments under any lease rental with the option to purchase agreement made to acquire the equipment; to purchase police or fire radio equipment; to purchase, construct, renovate, or add to a building, or the purchase of equipment for use by a provider of emergency medical services under I.C. 16-31-5 to the town.
(B) Be it further ordained that this Board will adhere to the provisions of I.C. 36-8-14. The proposed Fund will not exceed five cents ($0.0333) on each $100 of assessed valuation (pre-true value tax assessment method). The said tax rate will be levied beginning with taxes due and payable in the year 2003.
(C) Be it further ordained that proofs of publication of the public hearing held on the July 22, 2002 and a certified copy of Ord. 2002-02 be submitted to the State Board of Tax Commissioners as provided by law. Said Cumulative Fund is subject to the approval of the State Board of Tax Commissioners.
(Ord. 2002-02, passed 7-22-2002)