042-19 - NOTICE TO TAXPAYERS OF HEARING ON PROPOSED CUMULATIVE CAPITAL DEVELOPMENT FUND

NOTICE TO TAXPAYERS OF HEARING ON PROPOSED CUMULATIVE CAPITAL DEVELOPMENT FUND

Notice is hereby given to the taxpayers of the Town of Francesville, Pulaski County, Indiana, that the Town Council will consider at the Francesville Town Hall, 100 Brooks Street, Francesville, Indiana at 6:30 pm on March 18, 2019, the establishment of a Cumulative Capital Development Fund under the provisions of Indiana Code 36-9-15.5 for all uses as set out in IC 36-9-15.5.

The tax will be levied on all taxable real and personal property within the taxing district and will not exceed:

$0.0167 per $100 of assessed valuation beginning with taxes payable in 2020,

$0.0333 per $100 of assessed valuation beginning with taxes payable in 2021, and

$0.0500 per $100 of assessed valuation beginning with taxes payable in 2022 and thereafter, continuing until reduced or rescinded.

Taxpayers appearing at such hearing shall have the right to be heard thereon. The proposal for establishment of the Cumulative Capital Development Fund is subject to approval by the Department of Local Government Finance.

Within 30 days after the date of the adoption of the cumulative fund by the Town Council, the Town of Francesville will publish a Notice of Adoption. Upon publication of the Notice of Adoption, 50 or more taxpayers in the taxing district may file a petition with the County Auditor not later than noon 30 days after the publication of the Notice of Adoption setting forth their objections to the proposed fund.

Dated this 19th day of February, 2019

Cathy Elston, Francesville Clerk-Treasurer

042-19 G 02/27, 03/06