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Council adopts first reading for Cumulative Capital Development fund ordinance
5479811 · February 3, 2025
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Summary
Ordinance 5-20-25 to establish the Cumulative Capital Development (CCD) Fund and readopt city code provisions passed first reading unanimously. Controller said the fund is supported by a 5-cent property tax levy and brings roughly $600–700K annually.
The West Lafayette City Council voted unanimously on Feb. 3 to approve first reading of Ordinance 5-20-25, which establishes the Cumulative Capital Development (CCD) Fund and readopts city code provisions related to that fund.
City Controller Peter Gray told the council…
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