Board of Education
CITY OF CHICAGO
FRANK M. CLARK
President
Office of Ihe Board 1 North Dearborn Street, Suite 950, Chicago, Illinois 60602 Telephone (773) 553-1600 Fax (773) 553-3453
MEMBERS
MARK F FURLONG
REV. MICHAEL J. GARANZINI, S J
DR. MAHALIA A. HINES
DOMINIQUE JORDAN TURNER
GAIL D. WARD October 9, 2015
Honorable Susana A. Mendoza City Clerk City of Chicago
121 North LaSalle Street, Room 107 Chicago, Illinois 60602
Dear Ms. Mendoza
On August 26, 2015, the Governing Board of the Board of Education of the City of Chicago adopted Board Resolution 15-0826-RS4, Resolution Levying Property Taxes and Authorizing and Directing the Filing of a Controller's Certificate for the Fiscal Year 2015-2016 for School Purposes of The Board of Education of the City of Chicago (the "Board"). A certified copy of said Resolution (the "Resolution") is being delivered to your office with this communication.
Section 2(c) ofthe Resolution authorizes a Capital Improvement Tax Levy for capital improvement purposes in the amount of $45,000,000 as authorized by 105 ILCS 5/34-53.5. The Board has not previously extended a capital improvement tax levy pursuant to this section ofthe Illinois statutes.
In accordance with the provisions of 105 ILCS 5/34-53.5, an initial tax levy made by the Board pursuant to that section must have the approval of the City Council of the City of Chicago, by resolution, before the levy may be extended. By the delivery to your office of a certified copy of the Resolution, the Board requests the approval of the City Council to extend the levy as authorized in the Resolution. Pursuant to the provisions of 105 ILCS 5/34-53.5, the City Council shall have 60 days after receipt by your office, of the certified Resolution to approve or disapprove the levy. The failure of the City Council to take action approve or disapprove the initial tax levy within the 60-day period shall be deemed disapproval ofthe initial tax levy.
BOARD OF EDUCATION OF THE Receipt Acknowledged:...
Click here for full text