ORDINANCE
WHEREAS, special service areas may be established pursuant to Article VII, Sections 6(1) and 7(6) of the Constitution of the State of Illinois, and pursuant to the provisions of the Special Service Area Tax Law, 35 ILCS 200/27-5 et seq., as amended from time to time (the "Act") and pursuant to the Property Tax Code, 35 ILCS 200/1-1 et seq., as amended from time to time; and
WHEREAS, on December 12, 2012, the City Council of the City of Chicago (the "City Council") enacted an ordinance (the "Establishment Ordinance") which established an area known and designated as City of Chicago Special Service Area Number 56 (the "Area") and authorized the levy of an annual tax, for the period beginning in 2012 through and including 2021, not to exceed an annual rate of 2.1% of the equalized assessed value of the taxable property therein (the "Services Tax") to provide certain special services in and for the Area in addition to the services provided by and to the City of Chicago generally (the "Special Services"); and
WHEREAS, certain funds in Fund D09 ("Fund D09") in the.amount of $576 are available for use in connection with the Area; and
WHEREAS, the Establishment Ordinance established the Area as that territory consisting approximately of the properties fronting both sides of 47th Street from the west side of St. Lawrence Avenue to the east side of State Street; the east side of State Street from the north side of 48th Street up to and including 4621 South State Street; the west side of Indiana Avenue from and including 4638 South Indiana Avenue up to and including 4710 South Indiana Avenue; the west side of Prairie Avenue, from the north side of 47th Street up to and including 4716 South Prairie; the west side of Dr. Martin Luther King, Jr. Drive from and including 4636 South Dr. Martin Luther King, Jr. Drive up to and including 4704 South Dr. Martin Luther King, Jr. Drive; the east side of Dr. Martin Luther King, Jr. Drive from the south side of 46th Street up...
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