This record contains private information, which has been redacted from public viewing.
Record #: O2017-7075   
Type: Ordinance Status: Passed
Intro date: 10/11/2017 Current Controlling Legislative Body: Committee on Finance
Final action: 11/8/2017
Title: Scope of services, budget and management agreement for Special Service Area No. 61, Hyde Park (Year 2018)
Sponsors: Emanuel, Rahm
Topic: SPECIAL SERVICE AREAS - S.S.A. No. 61 (Hyde Park)
Attachments: 1. O2017-7075 (V1).pdf, 2. O2017-7075.pdf
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 26, 2013, 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 61 (the "Area") and authorized the levy of an annual tax, for the period beginning in 2013 through and including 2022, not to exceed an annual rate of 0.95% 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, the Establishment Ordinance established the Area as that territory consisting approximately of the area on 53rd Street: Both sides between Woodlawn Avenue and the alley east of Lake Park Avenue; the north side of 53rd street from 1612 East 53rd Street to Hyde Park Boulevard; Lake Park Avenue between 5130 South Lake Park Avenue and 5500 South Lake Park Avenue; and Harper Avenue between 53rd & 52nd Streets; 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, new construction, security, promotional and advertising activities, strategic planning for the Area, and other technical assistance activities to promote commercial and economic development (which may,include, but are not limited to, streetscape improvements, strategic transit/parking improvement including parking management...

Click here for full text