NOTICE TO TAXPAYERS OF HEARING ON REESTABLISHING CUMULATIVE CAPITAL DEVELOPMENT FUND
Notice is hereby given to the taxpayers of the Town of Mentone, Kosciusko County, Indiana , that the Town Council will consider at 20 I West Main Street, Mentone, IN 46539 at 6:30 pm on March 3, 2021, the reestablishment of a cumulative capital development fund under the provisions of lndiana 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 $0.0500 per $100 of assessed valuation. The proposed fund will be levied beginning with taxes due and payable in the year 2022. Taxpayers appearing at such hearing shall have the right to be heard thereon. The proposal for reestablishment 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, the Town of Mentone 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 County Auditor not later than noon 30 days after the publication of the Notice of Adoption setting forth their objections to the proposed fund.
