Record #: O2017-8306   
Type: Ordinance Status: Passed
Intro date: 11/15/2017 Current Controlling Legislative Body: Committee on Committees, Rules and Ethics
Final action: 2/28/2018
Title: Correction of City Council Journal of Proceedings of October 11, 2017 (Special Serice Area No. 13)
Sponsors: Valencia, Anna M.
Topic: JOURNAL CORRECTIONS - Year 2017
Attachments: 1. O2017-8306.pdf

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 13 (02017-6230) passed by the City Council of the City of Chicago on October 11, 2017 and printed on pages 56299 through 56299 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 56299 and inserting in lieu thereof the Exhibit "A" attached hereto.

SECTION 2. This ordinance shall take effect after its passages

 

ANDREA M. VALENCIA,

City Clerk

 

1

 

 

 

 

 

 

 

 

Exhibit A Budget

 

 

Special Service Area #

13

Service Provider Agency:

Back of the Yards Neighborhood Council

2018 BUDGET SUMMARY

Budget and Services Period: January 1, 2018 through December 31, 2018

 

 

2017 Levy

 

CATEGORY

Collectable Levy

Estimated

Loss Collection

Carry Over

TIF Rebate Fund#

Estimated

Late Collections and Interest

Total All Sources 2018 Budget

1.00 Customer Attraction

$22,500

$4,391

$14,609

$15,487

$2,500

$59,487

2.00 Public Way Aesthetics

$393,215

$23,500

$157,100

$32,500

$16,391

$622,706

3.00 Sustainability and Public Places

$5,000

$0

$0

$0

$0

$5,000

4.00 Economic/ Business Development

$59,055

$0

$27,000

$5,000

$0

$91,055

5.00 Safety Programs

$297,511

$6,000

$38,879

$103,500

$15,000

$460,890

6.00 SSA Management

$68,400

$0

$0

$0

$0

$68,400

7.00 Personnel

$166,228

$0

111111111 $o

$0

$166,228

 

Sub-total

$1,011,909

$33,891

 

 

 

GRAND TOTALS

Levy Total

$1,045,800

$237,588

$156,487

$33,891

$1,473,766

 

LEVY ANALYSIS

Estimated 2017 EAV:

Authorized Tax Rate Cap:

Maximum Potential Levy limited by Rate Cap.

Requested 2017 Levy Amount

Estimated Tax Rate to Generate 2017 Levy.

 

149,247,562 1.900%

$2,835,704

$1,045,800 0.70%