NOTICE TO TAXPAYERS OF HEARING ON

PROPOSED CUMULATIVE CAPITAL DEVELOPMENT FUND

    Notice is hereby given to the taxpayers of the City of Nappanee, Elkhart and Kosciusko Counties, Indiana, that the City Council will consider at the Nappanee Municipal Building, 300 West Lincoln Street, Nappanee, Indiana at 5:00 pm on February 19th, 2019 the re-establishment of a Cumulative Capital Development Fund under the provisions of Indiana Code IC 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 $0.0500 on $100.00 per assessed valuation beginning with taxes payable in 2020, and thereafter, continuing until reduced or rescinded.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 City Council, the City of Nappanee, 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 Elkhart and Kosciusko County Auditors not later than noon 30 days after the publication of the Notice of Adoption setting forth their objections to the proposed fund

    Dated this February 4, 2019

    Kathy L Brown, Nappanee Clerk-Treasurer

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