Office of the City Clerk - Record #: O2014-9682

• Record #: O2014-9682
• Type: Ordinance
• Status: Passed
• Intro date: 12/10/2014
• Current Controlling Legislative Body: Committee on Finance
• Final action: 12/10/2014
• Title: Scope of services, budget and management agreement for Special Service Area No. 16, Greektown (Year 2015)
• Sponsors: Dept./Agency
• Topic: SPECIAL SERVICE AREAS - S.S.A. No. 16 (Greektown)

Date	Journal Page Number	Action By	Action	Result
12/19/2014		City Council	Published in Special Pamphlet
12/11/2014		City Council	Signed by Mayor
12/10/2014	99142	City Council	Passed	Pass
12/8/2014		Committee on Finance	Recommended to Pass
12/8/2014		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 July 31, 1996, the City Council of the City of Chicago (the "City Council") enacted an ordinance, as further amended by an ordinance by the City Council on November 20, 1996 (collectively the "Establishment Ordinance") 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, the City Council finds that it is in the best interests of the City (i) to authorize certain special services in the Area distinct from the Original Special Services (the "Special Services"), and (ii) to authorize 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; and
WHEREAS, the Establishment Ordinance established the Area as that territory approximately bounded by Madison Street on the north, the John Fitzgerald Kennedy Expressway on the east, Congress Parkway on the south and Green Street on the west; and

WHEREAS, the Establishment Ordinance provided for the appointment of the Greektown/Halsted Street Special Service Area Commission (the "Commission") for the purpose of ...