§ 32.09. CUMULATIVE CAPITAL DEVELOPMENT FUND.

Latest version.

A need now exists for the establishing of a Cumulative Capital Development Fund for all uses as set out in I.C. 36-9-15.5. The Town Council will adhere to the provisions of I.C. 36-9-15.5. The proposed fund will not exceed $.05 per $100 of assessed valuation. Said tax rate will be levied beginning with the taxes for 2009, payable in 2010.
(Ord. 339, passed 7-21-08)

                    
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