Office of the City Clerk - Record #: O2018-6889

• Record #: O2018-6889
• Type: Ordinance
• Status: Passed
• Intro date: 9/17/2018
• Current Controlling Legislative Body: Committee on Finance
• Final action: 9/20/2018
• Title: Scope of services, budget and management agreement for Special Service Area No. 5, Commercial Avenue (Year 2019)
• Sponsors: Dept./Agency
• Topic: SPECIAL SERVICE AREAS - S.S.A. No. 5 (Commercial Avenue)

Date	Journal Page Number	Action By	Action	Result
9/20/2018	83571	City Council	Passed	Pass
9/17/2018		Committee on Finance	Direct Introduction

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 October 31,1983, the City Council of the City of Chicago (the "City Council") enacted an ordinance, as amended by an ordinance enacted by the City Council on May 30,1984, which established an area known and designated as City of Chicago Special Service Area Number 5 and authorized the levy of an annual tax not to exceed an annual rate of three percent (3%) of the equalized assessed value ofthe taxable property therein to provide certain special services in and for such area for a period of 10 years (the "Initial Levy Period") in addition to the services provided by and to the City of Chicago (the "City") generally; and

WHEREAS, the Initial Levy Period expired; and

WHEREAS, on November 5, 1993, the City Council enacted an ordinance which again established a special service area known and designated as City of Chicago Special Service Area Number 5 and authorized the levy of an annual tax not to exceed an annual rate of three percent (3%) of the equalized assessed value of the taxable property therein to provide certain special services in and for such area for an additional period of 10 years (the "Second Levy Period") in addition to the services provided by and to the City generally; and

WHEREAS, the Second Levy Period expired; and

WHEREAS, on November 5, 2003, the City Council enacted an ordinance which again established a special service area known and designated as City of Chicago Special Service Area Number 5 and authorized the levy of an annual tax not to exceed an annual rate of three percent (3%) of the equalized assessed value of the taxable property therein to...