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 14, 2016, 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 71 (the "Area") and authorized the levy of an annual tax, for the period beginning in 2016 through and including 2030, not to exceed an annual rate of 2.50 percent 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 A18 ("Fund A18") in the amount of $3,165 are available for use in connection with the Area; and
WHEREAS, the Establishment Ordinance established the Area as that territory consisting approximately of both sides of west 111th Street from south Michigan Avenue to south Wentworth Avenue; both sides of south Michigan Avenue from west 110th Street to west 116th Street; west 103rd street from south Corliss Avenue west to south Yale Avenue; and south Michigan Avenue from west 102nd Place south to west 104th Place; and
WHEREAS, the Special Services authorized in the Establishment Ordinance include, but are not limited to: customer attraction, public way aesthetics, sustainability and public place enhancements, economic/business development, safety programs, and other activities to promote commercial and economic development.; and
WHEREAS, the Establishment Ordinance provided for the appointment of the Roseland Special S...
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