Office of the City Clerk - Record #: O2015-8048

• Record #: O2015-8048
• Type: Ordinance
• Status: Passed
• Intro date: 11/18/2015
• Current Controlling Legislative Body: Committee on Finance
• Final action: 12/9/2015
• Title: Scope of services, budget and management agreement for Special Service Area No. 42, 71st Street/Stony Island (Year 2016)
• Sponsors: Emanuel, Rahm
• Topic: SPECIAL SERVICE AREAS - S.S.A. No. 42 (71st Street-Stony Island)

Date	Journal Page Number	Action By	Action	Result
12/21/2015		City Council	Signed by Mayor
12/9/2015	14750	City Council	Passed	Pass
12/7/2015		Committee on Finance	Recommended to Pass	Pass
11/18/2015	13117	City Council	Referred

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 (the "Code"); and
WHEREAS, on November 15, 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 42 (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 two percent (2%) 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 (the "City") generally (the "Original Special Services"); and
WHEREAS, the City Council finds that it is in the best interests of the City to authorize: (i) certain special services in the Area distinct from the Original Special Services (the "Special Services"), and (ii) 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 beginning in tax year 2015 through and including tax year 2024; and
WHEREAS, the Establishment Ordinance established the Area consisting of Stony Island Avenue from 67th Street to 73rd Street and the west side only of Stony Island Avenue from 73rd Street to 79th Street, and 71st Street from South Shore Drive to Kimbark Street; and
WHEREAS, the Establishment Ordinance provided for the appointment of the 71st -Stony Special Service Area Commission (the "Commission") to advise the City Council regarding the amount of the Servic...