NOTICE TO TAXPAYERS OF HEARING ON PROPOSED CUMULATIVE CAPITAL DEVELOPMENT FUND
Notice is hereby given to the taxpayers of Churubusco, Whitley County, Indiana that the Town Council of Churubusco, Whitley County, Indiana will consider at 6:30 PM on Wednesday, July 27, 2016 at the Churubusco Town Hall, 215 Home Avenue, Churubusco, IN 46723 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 $.0167 per $100 of assessed valuation. The proposed fund will be levied beginning with taxes due and payable in the year 2017. Taxpayers appearing at such hearing shall have the right to be heard thereon. The proposal for the 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 of Churubusco, Whitley County, Indiana, the Clerk-Treasurer of Churubusco, Whitley County, Indiana will publish a Notice of Adoption.
Upon publication of the Notice of Adoption, fifty (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 7th of July, 2016
Churubusco Town Council
