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 December 10, 2014, 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 29-2014 (the '"Area") and authorized the levy of an annual tax, for the period beginning in 2014 through and including 2028, not to exceed an annual rate of 0.47 percent (0.47%) 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 "Special Services"); and
WHEREAS, certain funds in Fund OD20 ("Fund OD20") in the amount of $3,866 are available for use in connection with the Area; and
WHEREAS, the Establishment Ordinance established the Area as that territory consisting approximately of Chicago Avenue from Western Avenue to Halsted Street; Damen Avenue from Chicago Avenue to Huron Street; Milwaukee Avenue from Augusta Avenue to Erie Street on both sides of the street and Division Street to Augusta Avenue on the East side of the street; Ogden Avenue from Fry Street to the Kennedy Expressway; Ashland Avenue from Division Street to Chicago Avenue; and Division Street from Milwaukee Avenue to the Kennedy Expressway on the South side of the street; and
WHEREAS, the Special Services authorized in the Establishment Ordinance include, but are not limited to: recruitment of new businesses to the area, rehabilitation activities, maintenance and beautification activities, security, coordination o...
Click here for full text