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This ordinance authorizes the Town of McCordsville Parks Board to establish a Cumulative Building Fund for the building, remodeling, repair of park and recreation facilities, and purchasing land for park and recreation purposes. It also establishes a tax levy to fund this initiative and outlines the procedural requirements as per Indiana law.
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How to fill out cumulative building fund ordinance

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How to fill out cumulative building fund ordinance

01
Begin by gathering all necessary documents related to the building projects that will be funded.
02
Review the current financial status of the cumulative building fund to understand available resources.
03
Outline the specific project needs and associated costs that will be covered by the ordinance.
04
Fill out the ordinance form with accurate details, including project descriptions, estimated costs, and timelines.
05
Specify the duration of the property tax levy or funding period in the ordinance.
06
Obtain necessary approvals from municipal authorities or governing bodies.
07
Submit the completed ordinance for further review and public hearing, if required.
08
Once approved, ensure proper dissemination of information to the community regarding the ordinance details.

Who needs cumulative building fund ordinance?

01
Municipal governments or local authorities looking to fund public building projects.
02
Community organizations focused on infrastructure development and public services.
03
Residents and taxpayers who will benefit from improved community facilities and services.

What is Cumulative Building Fund Ordinance Form?

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The cumulative building fund ordinance is a legal measure that allows municipalities to accumulate funds to finance public infrastructure projects, such as roads, parks, and buildings.
Typically, local governments or municipalities are required to file the cumulative building fund ordinance to establish and manage the fund for public projects.
To fill out the cumulative building fund ordinance, municipalities need to follow specific guidelines set by state law, including detailing the purpose of the fund, the projected costs of projects, and the revenue sources.
The purpose of the cumulative building fund ordinance is to provide a structured approach for municipalities to save and manage funds earmarked for the construction of public infrastructure to enhance community development.
Information that must be reported includes the amount of funds collected, expenditures, the specific projects funded, and the projected future needs for infrastructure.
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