(A) There is hereby adopted and created a Cumulative Capital Development Fund for the following purposes set out in I.C. 36-9-14.5-2.
(B) The Board will adhere to the provisions of I.C. 36-9-14.5. The proposed fund will not exceed $0.0333 on each $100 of assessed valuation. The tax rate will be levied beginning with taxes for 2008 payable 2009.
(1984 Code, § 16-3) (Ord. C-84-5, passed 8-6-1984; Ord. C-90, passed 7-2-1990; Ord. O-C-95-8, passed 7-24-1995; Ord. O-C-08-9, passed 7-7-2008)