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thereafter until reduced or rescinded, as provided for in IC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.