(A)   If there are no outstanding obligations of the city for which a pledge of the city tax revenues has been made pursuant to I.C. 6-9-35-14; the Common Council may adopt an ordinance, after December 31, 2009 and before December 1, 2010, or any year thereafter, to repeal this subchapter.
   (B)   The city food and beverage tax terminates on January 1 of the year immediately following the year in which the last payment required of the Capital Improvement Board for project obligations is made, for any project obligations that existed on July 1, 2006.
   (C)   Pursuant to I.C. 6-9-35-5(d), if:
      (1)   The City-County Council of Indianapolis and Marion County does not adopt all the ordinances required to be adopted by it under I.C. 5-1-17-4-25; and
      (2)   The Hamilton County Council does adopt an ordinance to impose the Food and Beverage Tax in Hamilton County; on or before June 30, 2005, this subchapter shall no longer be in effect.
(Ord. 44-6-05, passed 6-28-05)