To the taxpayers of the City of Nappanee, Elkhart, Kosciusko County, State of Indiana. You are hereby notified that on February 19, 2019, the City of Nappanee, Elkhart and Kosciusko Counties, Indiana, pursuant to notice heretofore given, and under and by the virtue of IC 36-9-15.5, duly adopted a Resolution 715-19 whereby a Cumulative Capital Development Fund was established to provide for all the uses as set out in IN IC 36-9-15.5.
The fund will be provided for by a property tax rate of $.0500 on each one hundred dollars ($100) of taxable real and personal property within the taxing unit beginning in 2019 and payable in 2020, and thereafter, continuing until reduced or rescinded.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 Elkhart or Kosciusko County Auditors, not later than noon thirty (30) days after the publication of this Notice, setting forth their objections to the proposed cumulative fund. Upon 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.
