HomeMy WebLinkAboutCC-10-03-88-01 Est Cum Cap Dev. RESOLUTION 10-3-88-1
A Resolution to establish a cumulative Capital Development
Fund
BE IT RESOLVED by the Common Council of the City of Carmel,
Hamilton County, State of Indiana, tha~ is is desired and
deemed necessary to proceed with the proposed plan to
establish a Cumulative Capital Development Fund for the
following purposes:
STREET REPAVING
SIDEWALK REAPIR AND CONSTRUCTION
And the levying of an additional tax at the rate of five
cents ($.05) on each one hundred dollars ($100.00) of
taxable real and personal property within the taxing
district to provide monies for said fund, said tax to be
first levied in 1988, payable in 1989. $.10 on each one
hundred dollars ($100.00) of taxable real and personal
property within the taxing district to provide monies for
said fund, said tax to be levied in 1989, payable in 1990.
$.15 on each one hundred dollars ($100.00) of taxable real
and personal property within the taxing district to provide
monies for said fund, said tax to be levied in 1990,
payable in 1991, as provided for in IC 36-9-15.5.
Be it further resolved that proofs of publication and
posting of notices of the public hearing held on this 3rd
day of October 1988, and a certified copy of this resolution
and such proposed plan be submitted to the State Board of
Tax Commissioners of the State of Indiana, as provided by
law.
Adopted this 3rd ~ctober 1988.