NOTICE TO TAXPAYERS OF HEARING ON PROPOSED CUMULATIVE CAPITAL DEVELOPMENT FUND Notice is hereby given to the taxpayers of the Town of Orestes, Madison County, Indiana, that the Orestes Town Council will consider at Orestes Town Hall at 7:00 p.m. on June 28, 2016, the establishment of a Cumulative Capital Development Fund under the provisions of Indiana Code lC 36-9-15.5 for the purposes as follows: "For all uses as set out in lC 36-9-15.5" The tax will be levied on all real and personal property within the taxing district and will not exceed $.05 per $100 assessed valuation. The proposed fund will be levied beginning with taxes due and payable in the year 2017. 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, who will require a Notice of Submission to be given to the taxpayers by publication. After the publication of the Notice of Submission, fifty (50) or more taxpayers in the taxing district may file a petition with the County Auditor not later than thirty (30) days after publication setting forth their objections to the proposed levy. Dated this 24th day of May, 2016. John T. Shettle, President Catherine M. Bowyer, Member Todd M. Edwards, Member ATTEST: Erin A Atwood, Clerk-Treasurer Town of Orestes HB-477 6/13 6/20 hspaxlp
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