(A) Cumulative Capital Development Fund re-establishment. The County Commissioners hereby re-establish the Cumulative Capital Development Fund pursuant to I.C. 6-1.1-41, to be used for the purposes allowed and set forth in I.C. 36-9-14.5.
(B) Increase in tax rate. The County Commissioners hereby levy a property tax to provide funds to the Cumulative Capital Development Fund. The property tax levy will not exceed $0.0333 on each $100 of assessed valuation. This tax rate will be levied beginning with taxes assessed for 2017 and payable in 2018.
(C) DLGF approval. The County Commissioners direct that proofs of publication of the notice to affected taxpayers of the County Commissioners’ public hearing held on June 19, 2017, a certified copy of Ordinance No. 2017-08, and proofs of publication of the notice of adoption, be timely submitted to the Indiana Department of Local Government Finance, as provided by IC 6-1.1-41-4, as the county’s proposal for re-establishing the Cumulative Capital Development Fund and imposing the tax levy to be approved by the Department of Local Government Finance.
