Office of the City Clerk - Record #: O2014-9687

• Record #: O2014-9687
• 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. 43, Devone Avenue (Year 2015)
• Sponsors: Dept./Agency
• Topic: SPECIAL SERVICE AREAS - S.S.A. No. 43 (Devon Avenue)

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	99786	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 November 1, 2006, 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 43 (the "Area") and authorized the levy of an annual tax, for the period beginning in tax year 2006 through and including tax year 2015 (the "Original Period") not to exceed an annual rate of 0.40% of the equalized assessed value of the taxable property therein (the "Original 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"), (ii) to increase the maximum rate of the Original Services Tax from an annual rate of 0.40% to 1.5% of the equalized assessed value of the taxable property within the Area (the "Services Tax"), and (iii) 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 on Devon Avenue from Kedzie Avenue to Damen Avenue and Western Avenue from Arthur Avenue to Granville Avenue; and

WHEREAS, the Establishment Ordinance provided for the appointment of the Devon Avenue Special Service Area Commission (the "Commission"...