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Record #: O2019-9308   
Type: Ordinance Status: Passed
Intro date: 12/3/2019 Current Controlling Legislative Body: Committee on Economic, Capital and Technology Development
Final action: 12/18/2019
Title: Enlargement of boundaries, imposition of tax levy, approval of budget, extension of tax levy period and execution of service provider agreement for Special Service Area No. 51, Chatham/Cottage Grove (Year 2020)
Sponsors: Dept./Agency
Topic: SPECIAL SERVICE AREAS - S.S.A. No. 51 (Chatham)
Attachments: 1. O2019-9308.pdf
ORDINANCE
WHEREAS, special service areas may be established pursuant to (i) Article VII, Sections 6(1) and 7(6) of the Constitution of the State of Illinois, (ii) 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 (iii) the Property Tax Code, 35 ILCS 200/1-1 et seq., as amended from time to time (the "Code"); and
WHEREAS, on December 8, 2010, the City Council (the "City Council") of the City of Chicago (the "City") enacted an ordinance (the "Establishment Ordinance") which was published in the Journal of Proceedings of the City Council for such date at pages 108960 through 109049, and which established an area known and designated as City of Chicago Special Service Area Number 51 (the "Original Area") and authorized the levy of an annual tax, for the period beginning in 2010 through and including 2019 (the "Original Period"), not to exceed an annual rate of three percent (3%) of the equalized assessed value of the taxable property therein (the "Services Tax") to provide certain special services in and for the Original Area in addition to the services provided by and to the City generally (the " Original Special Services"); and
WHEREAS, the City Council finds that it is in the best interests of the City (i) to enlarge the boundaries of the Original Area (as enlarged, the "Area (ii) authorize certain special services in the Area distinct from the Original Special Services (the "Special Services"), and (iii) authorize the extension of the time period for which the levy of the services tax is authorized within the Area from the Original Period to a period from the year 2019 through and including the year 2033 (the "Levy Period"); and
WHEREAS, certain funds in Fund A98 ("Fund A98") in the amount of $16,484 are available for use in connection with the Area; and
WHEREAS, the Establishment Ordinance established the Original Area as that territory consisting approximately of both sides of Cottage Grove ...

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