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Delaware County commissioners vote to begin creation of cumulative capital development fund
Summary
After a presentation from Baker Tilly, commissioners voted unanimously April 20 to begin the legal and public-notice steps to establish a cumulative capital development (CCD) fund to pay for county capital projects; staff will pursue a May–June timeline and Baker Tilly will submit required paperwork to the DLGF.
Scott Findley of Baker Tilly told the Delaware County Board of Commissioners that a cumulative capital development fund would let the county "accumulate revenue to do capital projects, capital improvements, and it does help reduce the need for issuing debt for those larger capital projects." The consultant described the required process: public notices, a public hearing, ordinance adoption and a 30‑day remonstrance period before the county could submit a certificate to…
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