(A) The county has previously established a Cumulative Bridge Fund to provide funds for the cost of construction, maintenance and repair of bridges, approaches and grade separations.
(B) The county hereby reconfirms, ratifies and re-establishes its Cumulative Bridge Fund.
(C) The county shall provide for the Cumulative Bridge Fund by levying an annual tax in compliance with I.C. 6-1.1-41 in the amount of $0.30 on each $100 assessed valuation of all taxable personal and real property within the county.
(D) Upon collection, the tax shall be held in the County Bridge Fund and used in accordance with law.
(E) The County Auditor is hereby directed to give notice of the county’s proposal and of a public hearing relating thereto by publication in accordance with I.C. 5-3-1.
(F) Following said public hearing, the proper officers of the county are directed to submit this proposal to the State Board of Tax Commissioners for its approval.
(G) Following submission of this proposal to the State Board of Tax Commissioners, the County Auditor shall provide notice of such submission of the proposal by publication in accordance with law.
(BC Ord. 1979-3, passed 11-5-1979; BC Ord. 2000-2, passed 1-24-2000)