(A) Be it ordained by the Plainfield Town Council of Hendricks County, Indiana that a need now exists for the establishment of a Cumulative Capital Improvement Fund for the following purposes: For all uses as set out in I.C. 36-9-16.
(B) Be it further ordained that the Council will adhere to the provisions of I.C. 36-9-16. The proposed fund will not exceed $0.15 on each $100 of assessed valuation. Said tax rate will be levied beginning with taxes for 2022 payable 2023.
(Ord. 11-2020, passed 3-23-2020; Ord. 06-2021, passed 3-22-2021; Ord. 12-2022, passed 3-28-2022)
Statutory reference:
Cumulative Funds and Cumulative Capital Improvement Funds, see I.C. 36-9-16-1 through I.C. 36-9-16-6