§ 2-317. Channel maintenance fund.

(a)

The board may, by resolution, recommend to the city that a cumulative channel maintenance fund be established under IC 6-1.1-41 to provide funds for the:

(1)

Dredging of channels;

(2)

Cleaning of channels and shores of debris and any other pollutants;

(3)

Purchase, renovation, construction, or repair of bulkheads, pilings, docks, and wharves;

(4)

Purchase and development of land adjoining channels within the jurisdiction of PAL and which land is necessary to the fulfillment of the plan adopted by the board for the future development, construction, and improvement of its facilities; the purchased and developed land shall be available to the residents of the taxing district without further charge; or

(5)

Regulation and enforcement of regulation of all uses and activities related to waters that are under the jurisdiction of PAL.

(b)

To provide for the cumulative channel maintenance fund, the city may levy a tax in compliance with IC 6-1.1-41 not to exceed $0.0333 on each $100.00 on all taxable property within the city.

(c)

The revenue from a tax collected under subsection (b) shall be held in the cumulative channel maintenance fund established under subsection (a).

(Ord. No. 2013-01, § 17, 2-4-2013)