(A) The town supports the Hendricks County Council in increasing the annual excise surtax to $25 and the annual wheel tax to $40 to be paid with the registration of said motor vehicle.
(B) The town pledges to deposit the proceeds from the increase of annual excise surtax and annual wheel tax distribution into a fund exclusively to pay for the completion of the Ronald Reagan Parkway after the funds are distributed under I.C. 8-14-2-4(c)(1) through I.C. 8-14-2-4(c)(3).
(Res. 2008-28, passed 10-13-2008)