Establishng a Cumulative Capital Development Fund

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• NOTICE OF SUBMISSION WHEREAS, there has been filed with the State Board of Tax Commissioners of the State of Indiana a certified copy of the resolution adopted by the proper legal officers of the City of South Bend, St. Joseph County, State of Indiana, establishing a cumulative capital development fund, together with proofs of publication of notice thereof, all under and pursuant to the provisions of the laws of the State of Indiana. Now, therefore, the proper legal officers of the City of South Bend, St. Joseph County, State of Indiana, are hereby requested by the State Board of Tax Commissioners to publish the following notice. PUBLISH THE FOLLOWING ONLY To the taxpayers of the City of South Bend, St. Joseph County, State of Indiana. You are hereby notified that on the 24th day of June, 1991, the Common Council of the City of South Bend, St. Joseph County, State of 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 PURPOSES UNDER IC 36-9-16, CAPITAL IMPROVEMENTS; FOR ANY PURPOSES PERMITTED UNDER IC 36-9-16.5, PUBLIC WAYS AND SIDEWALKS; FOR ANY PURPOSES PERMITTED UNDER IC 36-9-26, FOR SEWERS; FOR ANY PURPOSES PERMITTED UNDER IC 36-9-17, FOR GENERAL IMPROVEMENTS; FOR ANY PURPOSES PERMITTED UNDER IC 36- 8-14, FOR FIREFIGHTING BUILDING AND EQUIPMENT AND POLICE RADIOS; FOR ANY PURPOSES PERMITTED UNDER IC 36-10-4-6, FOR PARKS; AND FOR ANY PURPOSES PERMITTED UNDER IC 36-9-16-2 FOR PUBLIC BUILDINGS AND RIGHTS-OF WAY. The fund will be provided for by a tax levy on all taxable real and personal property in the taxing unit for a period of three (3) years. The tax rate on each one hundred dollars ($100.00) of taxable property will be twelve cents ($.12) for 1991 taxes payable in 1992, twelve cents for 1992 taxes payable in 1993, and twelve cents ($.12) for 1993 taxes payable in 1994. Fifty (50) or more taxpayers in the taxing unit who will be affected by the tax levy may file a petition with the St. Joseph County Auditor, not later than thirty (30) days after the publication of this notice, setting forth their objections to the proposed levy. Upon filing of the petition, the County Auditor shall immediately certify the same to the State Board of Tax Commissioners, which Board will fix a date and conduct a public hearing on the proposed levy before issuing its approval or disapproval thereof. (Show Names and Titles of Proper Legal Officers) STATE BOARD OF TAX COMMISSIONERS Sandra K. Bickel, Commissioner . Date: July 31, 1991 dam