066 - 19 - NOTICE OF ADOPTION

To the taxpayers of the Town of Francesville, Indiana. You are hereby notified that on March 18, 2019 the Town of Francesville, Pulaski County, Indiana, pursuant to notice heretofore given, and under and by virtue of IC 36-9-15.5, duly adopted a plan whereby a Cumulative Capital Development Fund was established to provide for all uses as set out in IC 36-9-15.5.

The fund will be provided for by a property tax rate of:

One and two-thirds cents ($0.0167) on each one hundred dollars ($100) of taxable real and personal property within the taxing unit beginning in 2019 with taxes payable in 2020,

Three and one-thirds cents ($0.0333) on each one hundred dollars ($100) of taxable real and personal property within the taxing unit beginning in 2020 with taxes payable in 2021, and

Five cents ($0.0500) on each one hundred dollars ($100) of taxable real and personal property within the taxing unit beginning in 2021 with taxes payable in 2022 and thereafter, continuing until reduced or rescinded.

Fifty (50) or more taxpayers in the taxing unit who will be affected by the tax rate and corresponding levy may file a petition with the Pulaski County Auditor not later than noon 30 days after the publication of this Notice setting forth their objections to the proposed cumulative fund. Upon the filing of the petition, the County Auditor shall immediately certify the same to the Department of Local Government Finance, at which point the Department will fix a date for and conduct a public hearing on the proposed cumulative fund before issuing its approval, disapproval, or modification thereof.

Dated this 19th day of March, 2019

Francesville Town Council

066-19 G 03/27