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TO: Mayor Thomas J. Weisner
FROM: Brian W. Caputo, Chief Financial Officer/City Treasurer
DATE: December 2, 2014
SUBJECT:
2014 Special Service Area Property Tax Levies.
PURPOSE:
To obtain the City Council's approval of the 2014 property tax levies for the special service areas (SSAs) established within the city.
BACKGROUND:
The city has established numerous SSAs within its corporate boundaries for a variety of purposes. Some of these SSAs are "active" and SSA property taxes are levied in support of their purposes. Eight of the active SSAs are 34-series SSAs whose tax levies have been pre-established by the City Council's passage of ordinances related to the payment of principal and interest on the Series 2006 and 2012D Refunding Debt Certificates. The remaining SSAs are "dormant." Generally, the city has established the dormant SSAs as a contingency to enable the city to undertake focused stormwater management projects should the need arise.
DISCUSSION:
Attached as Exhibit 1 is a schedule summarizing the proposed 2014 property tax levies for the active SSAs, other than those pertaining to the 34-series SSAs. The changes in the SSA levies will be as follows:
SSA 25, Indian Trail/Edgelawn. This levy is being discontinued because the property owners in the SSA have fulfilled their financial obligation as required under the enabling ordinance. The SSA has been terminated.
SSA 24, Eagle Point. This levy is being increased by $1,000 to accommodate the request of the subdivision's homeowners association to increase the annual SSA levy to compensate for inflation.
While not addressed in the attached SSA property tax levies, the total SSA property tax levies for SSAs 34A through 34G (including SSA 34C2) will be $1,125,550.00. As described above, this amount will be applied to principal and interest due in 2014 on the Series 2006 and 2012D Refunding Debt Certificates.
It is also noteworthy that no levy ordinance is included here for SSA 164 (Tanglewood Oaks). This is because a five-year tax levy ordinance is on file with the Kane County Clerk to provide for annual SSA property tax levies in SSA 164 through the 2016 tax levy year.
IMPACT STATEMENT:
Not Applicable.
RECOMMENDATIONS:
That the City Council approve the attached 2014 SSA property tax levies for the city's 18 active SSAs (other than 34A through 34G and 164).
cc: Alderman O'Connor, Chairman
Alderman Mervine
Alderman Bohman
Alderman Peters, Alternate
CITY OF AURORA, ILLINOIS
ORDINANCE NO. _________
DATE OF PASSAGE ________________
title
An Ordinance Levying Certain Special Service Area Taxes For The Fiscal Year January 1, 2014 Through December 31, 2014 (Special Service Area Number Sixty-Five).
body
WHEREAS, the City of Aurora has a population of more than 25,000 persons and is, therefore, a home rule unit under subsection (a) of Section 6 of Article VII of the Illinois Constitution of 1970; and
WHEREAS, subject to said Section, a home rule unit may exercise any power and perform any function pertaining to its government and affairs for the protection of the public health, safety, morals, and welfare; and
WHEREAS, City of Aurora Special Service Area Number 65 has been established by Ordinance No. O00-30, adopted March 28, 2000, entitled:
"AN ORDINANCE FOR THE ESTABLISHMENT OF A
SPECIAL SERVICE AREA NUMBER SIXTY-FIVE
IN THE CITY OF AURORA FOLLOWING NOTICE
AND PUBLIC HEARING IN CONNECTION THEREWITH,"
no petition having been filed opposing the creation of the Special Service Area, pursuant to Section 27-55 of the "Special Service Area Tax Law" (35 ILCS 200/27-5 et seq.); said Special Service Area consisting of the territory described in the Ordinance aforesaid; and the City of Aurora having been authorized to levy taxes for special services in said Special Service Area; and
WHEREAS, under the provisions of Section 27-25 of the Law, the City Council gave due notice and held a required public hearing on December 14, 1999 as to the tax extension; and
WHEREAS, by said notice and hearing, no objections having been received, the tax amount was established to be levied upon the equalized assessed valuation of the property in said area in an amount not to exceed an annual rate of twenty-three hundredths of one percent (0.23%) of said value. Said levies are intended to produce approximately $8,440 per year, not to exceed the amount of $211,000 over a twenty-five (25) year period.
NOW, THEREFORE, BE IT ORDAINED by the City Council of the City of Aurora, Illinois, as follows:
SECTION 1: That for City of Aurora Special Service Area Number 65 as currently established, a tax may be annually assessed and levied on property in such Area in an amount not to exceed twenty-three hundredths of one percent (0.23%) of the equalized assessed value of said property. Said levies are intended to produce approximately $8,440 per year, not to exceed the amount of $211,000 over a twenty-five (25) year period.
SECTION 2: That the total amount for all purposes to be collected from the tax levy of the current fiscal year in Special Service Area Number 65 is ascertained to be the sum of $8,440.
SECTION 3: That the following sums be, and the same hereby are, levied upon the taxable property as defined in the Property Tax Code (35 ILCS 200/1-1 et seq.) in City of Aurora Special Service Area Number 65, said tax to be levied for the fiscal year beginning January 1, 2014, and ending December 31, 2014:
BUDGETED AMOUNT TO BE
AMOUNT PROVIDED FROM TAXATION
Special municipal services in addition
to those services provided generally
throughout the City of Aurora $8,500 $8,440
SECTION 4: This tax is levied pursuant to Article VII of the Constitution of the State of Illinois and the Acts and Ordinance herein above named.
SECTION 5: That there is hereby certified to the County Clerk of Kane County, Illinois, the sum aforesaid constituting the said total amount of $8,440 which total amount the City of Aurora Special Service Area Number 65 requires to be raised by taxation in the current fiscal year of the City, and City Clerk of the City is hereby ordered and directed to file with the County Clerk of said County on or before the time required by law, a certified copy of this Ordinance.
SECTION 6: That this Ordinance shall be in full force and effect, and shall be controlling, upon its passage and approval.
SECTION 7: That all Ordinances or parts of ordinances thereof in conflict herewith are hereby repealed to the extent of any such conflict.
SECTION 8: That any section or provision of this ordinance that is construed to be invalid or void shall not affect the remaining Sections or provisions which shall remain in full force and effect thereafter.
PRESENTED to the City Council of the City of Aurora, Illinois, on the 16th day of December, 2014.
FILED for inspection on the 16th day of December, 2014.
PASSED AND APPROVED on ______________.
AYES ____ NAYS ____ NOT VOTING ____ ABSENT ____
ATTEST:
____________________________ __________________________
City Clerk Mayor