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Record #: O2018-6887   
Type: Ordinance Status: Passed
Intro date: 9/17/2018 Current Controlling Legislative Body: Committee on Finance
Final action: 9/20/2018
Title: Scope of services, budget and management agreement for Special Service Area No. 3, Chicago Southwest (Year 2019)
Sponsors: Dept./Agency
Topic: SPECIAL SERVICE AREAS - S.S.A. No. 3 (Chicago Southwest)
Attachments: 1. O2018-6887.pdf

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 seg., as amended from time to time (the "Act") and pursuant to the Property Tax Code, 35 ILCS 200/1-1 et seg., as amended from time to time; and

WHEREAS, on October 31,1983, the City Council ofthe City of Chicago (the "City Council") enacted an ordinance, as amended by an ordinance enacted by the City Council on May 30,1984, as further amended by an ordinance enacted by the City Council on July 13, 1988, as further amended by an ordinance enacted by the City Council on September 14, 1988 (collectively, the "Establishment Ordinance"), which established an area known and designated as City of Chicago Special Service Area Number 3 (the "Area") and authorized the levy of an annual tax (the "Services Tax") not to exceed an annual rate of one and twenty-five hundredths of one percent (1.25%) of the equalized assessed value of the taxable property therein to provide certain special services in and for the Area in addition to the services provided by and to the City of Chicago generally; and

WHEREAS, certain funds in Fund 328 ("Fund 328") in the amount of $106,243 are available for use in connection with the Area; and

WHEREAS, the special services authorized in the Establishment Ordinance included recruitment of new businesses to the Area, loan packaging services, rehabilitation activities, coordinated promotional and advertising activities for the Area, and other technical assistance activities to promote commercial and economic development (the "Special Services"); and

WHEREAS, on December 2, 1998, the City Council enacted an ordinance acknowledging that within the scope of "rehabilitation activities" (as such term is used in the Establishment Ordinance) are included certain activities relating to the identification and assessmen...

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