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ORDINANCE 2 , 2009 <br /> TOWN OF MOORESVILLE <br /> LISHING <br /> AN ORDINANCE RE- <br /> THE CUMULATIVE 36-9-15 . 5 L DEVELOPMENT FUD <br /> UNDER IND IANA CODE <br /> WHEREAS, the Town Council for the Town of Mooresville has <br /> determined that there is a need for reestablishing the <br /> Cumulative Capital Development Fund for all purposes defined and <br /> allowed under IC 36-9-15 . 5-2 which would include money for any <br /> purpose for which property taxes may be imposed within the Town <br /> under the authority of IC 8-16-3; IC 8-22-3-25; IC 14-27-6 -48 ; <br /> IC 14-33-14 ; IC 16-23-1-40; IC 36-8-14; IC 36-9-4-48 ; IC 36-9_ <br /> 16-2; <br /> IC 36-9-16-3; IC 36-9-16. 5; IC 36-9-17 ; IC 36-9-26; IC 36- <br /> 7-100; IC 36--10-3-21; or IC 36-10-4-36 and any Amendments to <br /> 9-2 <br /> IC 36-9-15 . 5-2 . <br /> The Council further finds and resolves that the .provisions <br /> of <br /> IC 36-9-15 . 5 will be adhered to and the proposed fund will <br /> not exceed . 0288 on each $100 . 00 of assessed valuation. Such <br /> tax rate will be levied beginning with taxes for 2009 payable <br /> 2010 . <br /> The Town Council further finds and resolves that the proofs <br /> of ublication of this public hearing held the 19th day <br /> of May, <br /> p <br /> 2009 and a certified copy of the Ordinance shall be submitted to <br /> the Department of Local Government Finance of the State of <br /> Indiana as provided by law. It is further understood that this <br />