NOTICE OF ADOPTION OF CUMULATIVE CAPITAL DEVELOPMENT FUND
To the Taxpayers of the Town of Shipshewana, Indiana. You are hereby notified that on July 13,
2017, the Town Council of the Town of Shipshewana, LaGrange County, Indiana, pursuant to notice
heretofore given, and under and by virtue of LC. §6-1.1-41 and LC. §36-9-15.5, duly adopted a plan
whereby a Cumulative Capital Development Fund was established to provide for all purposes allowed
by law including those set forth in LC. §36-9-15.5-2, and LC. §36-9-15.5- 8(c), each as hereafter
amended or supplemented. The fund will be provided for a property tax rate of $0.05 on each one
hundred dollars ($100.00) of taxable real and personal property within the taxing unit beginning in
2017 and payable 2018, and thereafter, continuing until reduced or rescinded.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 LaGrange County Auditor, not later than thirty (30)
days after the publication of this Notice, setting forth their objections to the proposed
cumulative fund. Upon filing 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.
Dated this 13th day of July, 2017.
TOWN COUNCIL OF THE
TOWN OF SHIPSHEWANA, INDIANA
Ruth Ann Downey, Clerk-Treasurer
To be published one ( 1) time in the LaGrange Standard and the LaGrange News, within thirty (30)
days after July 13, 2017.