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 the taxpayers of the Town of Monterey, Pulaski County, Indiana, that the Town Council will consider at the Town Hall, 7033 N Walnut Street, Monterey Indiana 46960 at 7:00 o’clock p.m. EST on Wednesday, June 29, 2016, the establishment of a Cumulative Capital Development Fund under the provisions of Indiana Code 36-9-15.5 for the purposes as follows:

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 payable in 2017,

$0.0333 per $100 of assessed valuation payable in 2018,

$0.0500 per $100 of assessed valuation payable in 2019, and thereafter, continuing until reduced or rescinded.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 who will require a Notice of Submission to be given to the taxpayers by publication.

After the publication of the Notice of Submission, fifty (50) or more taxpayers in the taxing district may file a petition with the County Auditor not later than thirty (30) days after the publication, setting forth their objections to the proposed levy.

Dated this 8th day of June, 2016.

Monterey Town Council:

Emily Bailey, James C Fleury, Douglas Denton

114-16 G 06/15, 06/22