OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL
October 3, 2012
TO THE HONORABLE, THE CITY COUNCIL OF THE CITY OF CHICAGO
Ladies and Gentlemen:
At the request ofthe Commissioner of Housing and Economic Development, 1 transmit herewith ordinances authorizing a scope of service, budget and management agreement for various special service areas.
Your favorable consideration of these ordinances will be appreciated.
Mayor
Very truly yours,
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 June 26, 1985, the City Council of the City of Chicago (the "City Council") enacted an ordinance which established an area known and designated as City of Chicago Special Service Area Number 7 (the "Initial Area") to provide special governmental services in the Initial Area in addition to services provided generally by the City of Chicago (the "City") and authorized the levy of a special annual services tax not to exceed an annual rate of 2.5% of the equalized assessed value of the taxable property within the Initial Area to provide such services (the "initial Levy Period"); and
WHEREAS, on August 28, 1986, the City Council enacted an ordinance, as amended by an ordinance enacted by the City Council on December 15, 1992, which again established a special service area known and designated as City of Chicago Special Service Area Number 7 (the "Second Area") to provide special governmental services in the Second Area in addition to services provided generally by the City, authorized the levy of an annual services tax not to exceed an annual rate of 5% of the equalized assessed value of all property within the Seco...
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