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Record #: O2014-9325   
Type: Ordinance Status: Passed
Intro date: 11/5/2014 Current Controlling Legislative Body: Committee on Finance
Final action: 11/5/2014
Title: Amendment of ordinance which authorized public hearing to re-establish Special Service Area No. 16
Sponsors: Dept./Agency
Topic: SPECIAL SERVICE AREAS - S.S.A. No. 16 (Greektown)
Attachments: 1. O2014-9325.pdf
AMENDATORY PUBLIC HEARING ORDINANCE
WHEREAS, by virtue of Section 6(a) of Article VII of the 1970 Constitution of the State of Illinois, the City of Chicago is a home rule unit of local government and as such may exercise any power and perform any function pertaining to its government and affairs; and
WHEREAS, special service areas may be established pursuant to Article VII, Sections 6(l) 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, and pursuant to the Property Tax Code, 35 ILCS 200/1-1 et seq., as amended from time to time; and
WHEREAS, on July 31, 1996, the City Council of the City of Chicago enacted an ordinance, as further amended by an ordinance by the City Council on November 20, 1996 which established an area known and designated as City of Chicago Special Service Area Number 16 (the "Area") and authorized the levy of an annual tax, for the period beginning in tax year 1996 through and including tax year 2016 (the "Original Period"), not to exceed an annual rate of one percent (1%) 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 "Original Special Services"); and

WHEREAS, on October 8, 2014, the City Council adopted an ordinance which was published in the Journal of Proceedings of the City Council of the City of Chicago for such date, and which authorized a public hearing (the "Public Hearing Ordinance") to consider (i) the authorization of certain special services distinct from the Original Special Services (the "Special Services"), and (ii) the authorization of the extension of the Original Period and of the levy of the Services Tax for the provision of the Special Services in the Area for a period through and including tax year 2028;
NOW, THEREFORE, BE ...

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