PUBLIC HEARING 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, and pursuant to the Property Tax Code, 35 ILCS 200/1-1 et seq., as amended from time to time (the "Property Tax Code"); and
WHEREAS, the City Council of the City of Chicago (the "City Council") adopted an ordinance on September 10, 2014 (the "First Public Hearing 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 to consider the creation of an area within the City of Chicago to be known and designated as Special Service Area Number 29-2014 and the authorization ofthe levy of a special annual services tax for a period of fifteen years with that area for the provision of certain special services; and
WHEREAS, a public hearing was held on October 2, 2014 pursuant to the First Public Hearing Ordinance; and
WHEREAS, the City Council finds that it is in the public interest that a second public hearing be held for consideration to be given to the creation of an area within the City of Chicago to be known and designated as Special Service Area Number 29-2014 (the "Area") and to the authorization of the levy of a special annual services tax (the "Services Tax") for a period of fifteen (15) years within the Area for the purposes set forth herein; that the Area is contiguous; and that said special services are in addition to municipal services provided by and to the City of Chicago generally, and it is, therefore, in the best interests of the City of Chicago that the creation of the Area and the levy of the Services Tax within the Area for the services to be provided; now, therefore,
Be It Ordained by the City Council of the City of Chicago:
SECTION 1. The preambles of this ordi...
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