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This record contains private information, which has been redacted from public viewing.
Record #: O2018-8086   
Type: Ordinance Status: Passed
Intro date: 10/31/2018 Current Controlling Legislative Body: Committee on Finance
Final action: 11/14/2018
Title: Scope of services, budget and management agreement for Special Service Area No. 8, Lakeview East (Year 2019)
Sponsors: Emanuel, Rahm
Topic: SPECIAL SERVICE AREAS - S.S.A. No. 8 (Greater Lakeview East)
Attachments: 1. O2018-8086.pdf, 2. O2018-8086 (V1).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 September 14, 1988, the City Council of the City of Chicago (the "City Council") enacted an ordinance which established an area known and designated as City of Chicago Special Service Area Number 8 and authorized the levy of an annual tax not to exceed an annual rate of forty-one hundredths of one percent (.41%) of the equalized assessed value of the taxable property therein to provide certain special services in and for the Area for a period of 5 years (the "Initial Levy Period") in addition to the services provided by and to the City of Chicago (the "City") generally; and

WHEREAS, the Initial Levy Period expired; and

WHEREAS, on November 17, 1993, the City Council enacted an ordinance which again established a special service area known and designated as City of Chicago Special Service Area Number 8 to provide special services in the area in addition to services provided generally by the City and authorizing a levy of an annual tax not to exceed forty-one hundredths of one percent (.41 %) of the equalized assessed value of all property within the area to provide such services for an additional period of 10 years (the "Second Levy Period"); and

WHEREAS, the Second Levy Period has expired; and

WHEREAS, on December 17, 2003, the City Council enacted an ordinance which again established a special service area known and designated as City of Chicago Special Service Area Number 8 (the "Third Area") to provide special services in the Third Area in addition to services provided generally by the City and authorizing a levy of an annual tax not to exceed the sum of forty-one h...

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