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HomeMy WebLinkAboutCC-08-22-88-01 Est. Cum Cap DevI{ESOLUTION 8-22-88-1 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, that it 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 REPAIR 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monies for said fund, said tax to be first levied in 1988, payable in 1989, and annually thereafter until reduced or rescinded, as provided for in IC Be it further resolved that proofs of publication and posting of notices of the public hearing held on this 22nd day of August 1988, and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 22 day of August, 1988.