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Record #: O2018-6916   
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. 64, Walden Parkway (Year 2019)
Sponsors: Dept./Agency
Topic: SPECIAL SERVICE AREAS - S.S.A. No. 64 (Walden)
Attachments: 1. O2018-6916.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 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 11, 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 64 (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 2.5 percent 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 approximate street location of the Area as that territory consisting of Walden Parkway from 100th Street to 99th Street; 99th Street from the alley west of Walden Parkway to 1732 West 99th Street on the east; 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 studies, and enhanced land use oversight and control initiatives); and

WHEREAS, the Establishment Ordinance provided for the appointment of the Walden...

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