Office of the City Clerk - Record #: O2017-8416

• Record #: O2017-8416
• Type: Ordinance
• Status: Passed
• Intro date: 11/21/2017
• Current Controlling Legislative Body: Committee on Finance
• Final action: 12/13/2017
• Title: Enlargement of boundaries, imposition of tax levy, approval of budget, extension of tax levy period and execution of service provider agreement for Special Service Area No. 47, Cottage Grove/47th Street (Year 2017)
• Sponsors: Emanuel, Rahm
• Topic: SPECIAL SERVICE AREAS - S.S.A. No. 47 (Cottage Grove)

Date	Journal Page Number	Action By	Action	Result
12/15/2017		Office of the Mayor	Signed by Mayor
12/13/2017	62805	City Council	Passed	Pass
12/11/2017		Committee on Finance	Recommended to Pass
11/21/2017	61142	City Council	Referred

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 (the "Code"); and
WHEREAS, on November 12, 2008, 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 47 (the "Original Area") and authorized the levy of an annual tax, for the period beginning in tax year 2008 through and including tax year 2017 (the "Original Period"), not to exceed an annual rate of three percent (3%) ofthe equalized assessed value of the taxable property therein (the "Services Tax") to provide certain special services in and for the Original Area in addition to the services provided by and to the City of Chicago generally (the "Original Special Services"); and
WHEREAS, the City Council finds that it is in the best interests of the City (i) to enlarge the boundaries ofthe Original Area (as enlarged, the "Area"), (ii) authorize certain special services in the Area distinct from the Original Special Services (the "Special Services"), and (iii) to authorize the extension of the time period for which the levy of the Services Tax is authorized within the Area from the Original Period to a period from tax year 2017 through and including tax year 2031 (the "Levy Period"); and
WHEREAS, the Establishment Ordinance established the Original Area as that territory consisting of Cottage Grove Avenue from 40th Street on the north to 51st Street on the south and along 47th Street from Lake Park Avenue on the east to St. Lawrence Avenue on the west; and
WHEREAS, the Original Special Services authorized in the Establishment Ordinance ...