Office of the City Clerk - Record #: O2015-7820

• Record #: O2015-7820
• Type: Ordinance
• Status: Passed
• Intro date: 10/28/2015
• Current Controlling Legislative Body: Committee on Finance
• Final action: 11/18/2015
• Title: Scope of services, budget and management agreement for Special Service Area No. 48, Old Town (Year 2016)
• Sponsors: Emanuel, Rahm
• Topic: SPECIAL SERVICE AREAS - S.S.A. No. 48 (Old Town)

Date	Journal Page Number	Action By	Action	Result
11/27/2015		City Council	Published in Special Pamphlet
11/23/2015		City Council	Signed by Mayor
11/18/2015	13257	City Council	Passed	Pass
11/16/2015		Committee on Finance	Recommended to Pass	Pass
10/28/2015	11242	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; and

WHEREAS, on December 2, 2009, 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 48 (the "Area") and authorized the levy of an annual tax, for the period beginning in 2009 through and including 2018, not to exceed an annual rate of three tenths of one percent (0.3%) 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, the Establishment Ordinance established the Area as that territory consisting approximately of North Avenue from the east side of Orleans Street to the west side of LaSalle Street on the south side of North Avenue and from the east side of North Park Avenue to the west side of LaSalle Street on the north side of North Avenue; Wells Street from the north side of Schiller Street to North Avenue, to include the buildings on all four corners at the intersection of North Avenue and Wells Street; and
WHEREAS, the Special Services authorized in the Establishment Ordinance include, but are not limited to: recruitment of new businesses to the Area, rehabilitation activities, maintenance and beautification activities, security, coordination of promotional and advertising activities, strategic planning for the Area, and other technical assistance activities to promote commercial and economic development (which may include, but...