Office of the City Clerk - Record #: O2020-4728

• Record #: O2020-4728
• Type: Ordinance
• Status: Passed
• Intro date: 10/7/2020
• Current Controlling Legislative Body: Committee on Economic, Capital and Technology Development
• Final action: 10/7/2020
• Title: Public hearings for fifteen year extension on imposition of tax levy period, approval of budget, and execution of service provider agreement for Special Service Area No. 54, Sheridan Road
• Sponsors: Dept./Agency
• Topic: COMMITTEE/PUBLIC HEARINGS - Committee on Economic, Capital and Technology Development, - SPECIAL SERVICE AREAS - S.S.A. No. 54 (Sheridan Road)

Date	Journal Page Number	Action By	Action	Result
10/15/2020		Office of the Mayor	Signed by Mayor
10/7/2020	21334	City Council	Passed	Pass
9/29/2020		Committee on Economic, Capital and Technology Development	Recommended to Pass
9/29/2020		Committee on Economic, Capital and Technology Development	Direct Introduction

ORDINANCE

WHEREAS, special service areas may be established pursuant to (i) Article Vll, 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 "Service Area Tax Law"), and (iii) the Property Tax Code, 35 ILCS 200/1-1 et seq., as amended from time to time (the "Property Tax Code"); and

WHEREAS, on November 16, 2011, the City Council ofthe City of Chicago (the "City Council") enacted an ordinance (the "Initial Ordinance") which was published in the Journal of Proceedings of the City Council for such date at pages 15181 through 15262, and which established an area known and designated as City of Chicago-Special Service Area Number 54 (the "Area") and authorized the levy of an annual tax, for the period beginning in 2011 through and including 2020 (the "Initial Levy Period"), not to exceed an annual rate of four hundred fifteen thousandths of one percent (0.415%) of the equalized assessed value of the taxable property therein (the " Initial 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 (the "City") generally (the "Initial Special Services"); and

WHEREAS, the Initial Ordinance established the Area as that territory consisting approximately of the area on Sheridan Road from Devon Avenue to Farwell Avenue; Loyola Avenue on the south side of the street, from Sheridan Road to 1245 W Loyola Avenue; and Albion Avenue on the south side of the street, from Sheridan Road to the train viaduct just east of Lakewood Avenue; and

WHEREAS, the Initial Special Services authorized in the Initial Ordinance include, but are not limited to: recruitment of new businesses to the Area, rehabilitation activities, maintenance and beautification activities, new. construction, security, coordination of promotional and advertising activities, strategic planning for the Area,...