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Type:
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Ordinance
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Status:
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Passed
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Title:
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Correction of City Council Journal of Proceedings of October 11, 2017 (Special Service Area No. 19, Howard Street)
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Topic:
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JOURNAL CORRECTIONS - Year 2017
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Attachments:
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1. O2017-8305.pdf
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To Committee on Committees, Rules and Ethics
November 15, 2017.
Be It Ordained by the City Council of the City of Chicago:
SECTION 1. The ordinance authorizing the imposition of a tax levy, approval of a year 2018 budget and execution of a service provider agreement for Special Service Area Number 19 (02017-6231) passed by the City Council of the City of Chicago on October 11, 2017 and printed on pages 56300 through 56304 of the Journal of the Proceedings of the City Council of the City of Chicago is hereby corrected by deleting Exhibit "A" appearing on page 56304 and inserting in lieu thereof the Exhibit "A" attached hereto.
SECTION 2. This ordinance shall take effect after its passage. r\
ANDREA M.VALENCIA,
City Clerk
Exhibit A Budget
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Special Service Area # |
19 |
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Service Provider Agency: |
Devcorp North d/b/a Rogers Park Business Alliance |
2018 BUDGET SUMMARY
Budget and Services Period: January 1, 2018 through December 31, 2018
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2017 Levy |
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CATEGORY |
Collectable Levy |
Estimated
Loss Collection |
Carry Over |
TIF Rebate Fund #155 |
Estimated
Late Collections and Interest |
Total All Sources 2018 Budget |
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1.00 Customer Attraction |
$114,143 |
$8,000 |
$0 |
$17,657 |
$7,000 |
$146,800 |
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2.00 Public Way Aesthetics |
$77,077 |
$4,000 |
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$46,000 |
$5,784 |
$132,861 |
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3.00 Sustainability and Public Places |
$2,000 |
$0 |
$0 |
$0 |
$0 |
$2,000 |
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4.00 Economic/ Business Development |
$10,216 |
$784 |
$0 |
$0 |
$0 |
$11,000 |
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5.00 Safety Programs |
$1,512 |
$0 |
$0 |
$0 |
$0 |
$1,512 |
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6.00 SSA Management |
$30,775 |
$0 |
$0 |
$0 |
$0 |
$30,775 |
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7.00 Personnel |
$49,822 |
$0 |
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$0 |
^Issw3#«3ter« vat |
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Sub-total |
$285,545 |
$12,784 |
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GRAND TOTALS |
Levy Total |
$298,329 |
$0 |
$63,657 |
$12,784 |
$374,770 |
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LEVY ANALYSIS |
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Estimated 2017 EAV: |
$41,388,999 |
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Authorized Tax Rate Cap: |
0.833% |
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Maximum Potential Levy limited by Rate Cap: |
$344,770 |
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Requested 2017 Levy Amount: |
$298,329 |
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Estimated Tax Rate to Generate 2017 Levy: |
0.72% |
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