ORDINANCE 2026 – 08

WHEREAS, Delaware County has made a significant investment in its capital assets such as buildings, real estate, roads, bridges and other assets; and

WHEREAS, Delaware County has an obligation to maintain and keep those capital assets as long as possible to yield the maximum return on investment in said assets; and

WHEREAS, Delaware County is one of 8 jurisdictions in the State of Indiana that does not have a cumulative capital development fund; and

WHEREAS, the County is need of such a fund for future economic and cultural growth;

NOW THEREFORE BE IT ORDAINED by the Delaware County Commissioners of Delaware County, Indiana that a need now exists for the establishment of the Cumulative Capital Development Fund for all uses as set out in IC 36-9-14.5.

BE IT FURTHER ORDAINED that this Board will adhere to the provisions of Indiana Code 36-9-14.5. The proposed fund will not exceed $0.0167 on each $100 of net assessed valuation for taxes due and payable in 2027; $0.0333 on each $100 of net assessed valuation beginning with taxes due and payable in 2028 and thereafter, continuing until reduced or rescinded.

BE IT FURTHER ORDAINED that proofs of publication of the public hearing held on the 18^th day of May, 2026, and a certified copy of this ordinance shall be submitted to the Department of Local Government Finance of the State of Indiana as provided by law. The tax rate for this Fund is subject to certification by the Department of Local Government Finance.

Duly adopted by the following vote of the members of said Delaware County Commissioners this 18 day of may, 2026.