Office of the City Clerk - Record #: O2014-8824

• Record #: O2014-8824
• Type: Ordinance
• Status: Passed
• Intro date: 11/5/2014
• Current Controlling Legislative Body: Committee on Finance
• Final action: 11/19/2014
• Title: Appropriation and tax levy for Special Service Area No. 49, South Shore/Exchange (Year 2015)
• Sponsors: Emanuel, Rahm
• Topic: SPECIAL SERVICE AREAS - S.S.A. No. 49 (South Shore/Exchange)

Date	Journal Page Number	Action By	Action	Result
12/1/2014		City Council	Signed by Mayor
11/26/2014		City Council	Published in Special Pamphlet
11/19/2014	98383	City Council	Passed	Pass
11/18/2014		Committee on Finance	Recommended to Pass	Pass
11/5/2014	83511	City Council	Referred

CHICAGO November 19, 2014 To the President and Members of the City Council: Your Committee on Finance having had under consideration


A proposed ordinance authorizing the imposition of a tax levy and the approval of the 2015 budget for Special Service Area Number 49.

02014-8824

Amount to be levied: $427,691


















Having had the same under advisement, begs leave to report and recommend that your Honorable Body pass the proposed Ordinance Transmitted Herewith

This recommendation was concurred in by
of members of the committee with



Respectfully submitted

Chairman

Document No.




REPORT OF THE COMMITTEE ON FINANCE TO THE CITY COUNCIL CITY OF CHICAGO


OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL
November 5, 2014









TO THE HONORABLE, THE CITY COUNCIL OF THE CITY OF CHICAGO


Ladies and Gentlemen:

At the request of the Commissioner of Planning and Development, I transmit herewith ordinances authorizing a scope of services, budget and management agreement for various special service areas.

Your favorable consideration of these ordinances will be appreciated.

Mayor



Very truly yours,














9~0\S
ORDINANCE

WHEREAS, special service areas may be established pursuant to Article VII, Sections 6(1) and 7(6) ofthe Constitution ofthe State of Illinois, and pursuant to the provisions ofthe 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 December 8, 2010, the City Council ofthe 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 49 (the "Area") and authorized the levy of an annual tax, for the period beginning in 2010 through and including 2019, not to exceed an annual rate of two percent (2%) of the equalized assessed value of the tax...