(A) The Board of County Commissioners of Putnam County, Indiana that a need now exists for the establishment of a Cumulative Bridge Fund for all uses as set out in I.C. 8-16-3.
(B) This Board will adhere to the provisions of I.C. 8-16-3. The proposed fund will not exceed $0.0529 on each $100 of assessed valuation. Said tax rate will be levied beginning with taxes for 2018 payable 2019.
(C) Proofs of publication of the public hearing held on the second of April, 2018, and a certified copy of this ordinance/resolution shall be submitted to the Department of Local Government Finance of the State of Indiana as provided by law. This Cumulative Fund is subject to the approval of the Department of Local Government Finance.
(Ord. 2017-7-17, passed 7-17-2017; Am. Ord. 2018-4-2, passed 4-2-2018)