NOTICE OF ADOPTION
To the taxpayers of the Town of Churubusco, Indiana.
You are hereby notified that on February 6, 2019, the Town of Churubusco, Whitley 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 the following:
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 sixty-sevenths cents ($0.0167) on each one hundred dollars ($100.00) of taxable real and personal property within the taxing unit beginning in 2019 payable in 2020, three and thirty-thirds cents ($0.0333) on each one hundred dollars ($100.00) of taxable real and personal property within the taxing unit beginning in 2020 payable in 2021, and five cents ($.05) on each one hundred dollars ($100.00) of taxable real and personal property within the taxing unit beginning in 2021 payable in 2022 and thereafter, continuing until reduced or rescinded.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 Whitley 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 7th day of February, 2019.
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Churubusco Town Council
