(A) A Cumulative Capital Development Fund pursuant to I.C. 36-9-15.5 et seq., as amended, is hereby established.
(B) The rates for the Cumulative Capital Development Fund shall be as follows:
Year | Tax Rate per $100 Assessed Valuation |
1st year | $0.0167 |
2nd year | $0.0333 |
3rd year and thereafter | $0.0500 |
(2000 Code, § 3-7) (Ord. 2001-5, passed 7-10-2001)