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TO: Mayor Thomas J. Weisner
FROM: Blanca Dominguez, Asst. Corp. Counsel
DATE: December 2, 2014
SUBJECT:
Requesting adoption of ordinance terminating Special Service Area #25 previously established pursuant to O93-98 on November 16, 1993.
PURPOSE:
To Terminate SSA #25 in accordance with terms of the Establishing Ordinance.
BACKGROUND:
Per Ordinance No. O93-98, passed on November 16, 1993, SSA #25 was established as an active SSA to pay for costs associated with special municipal improvements in the covered area. The Ordinance provided that taxes would be levied for a period of twenty (20) years. To date, the improvements have been paid for and SSA #25 is no longer required.
DISCUSSION:
The purpose for establishing SSA #25 has been met, and therefore, since no further funding is possible under terms of Ordinance, it should be terminated.
IMPACT STATEMENT:
The termination of SSA #25 will not adversely affect the City.
RECOMMENDATIONS:
It is recommended that this item be placed on the Finance Committee Agenda set to take place on December 9, 2014 for approval of City Council.
cc: Alderman O'Connor, Chairman
Alderman Mervine
Alderman Bohman
Alderman Peters, Alternate
CITY OF AURORA, ILLINOIS
ORDINANCE NO. _________
DATE OF PASSAGE ________________
title
An Ordinance Providing for the Termination of Special Service Area #25 Established pursuant to Ordinance No. O93-98 on November 16, 1993.
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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, the City of Aurora had previously established Special Service Area #25 pursuant to Ordinance No. O93-98, adopted on November 16, 1993, authorizing the levy of an annual rate not to exceed one percent (1%) of the equalized assessed value of the property located within the covered area; and
WHEREAS, the terms of the ordinances establishing SSA #25 set forth a maximum period of twenty (20) years to levy said tax; and
WHEREAS, the total cost of the improvements funded by SSA #25 have been paid in full, no further levy is needed.)
NOW, THEREFORE, BE IT ORDAINED by the City Council of the City of Aurora, Illinois, as follows: That Special Service Area #25, previously established pursuant to Ordinance No. O93-98, is hereby terminated, effective as of the date of this Ordinance, and no further levy shall be assessed in the covered area. It is further ordained that a certified copy of this Ordinance shall be filed with the Clerk of Kane County, Illinois.
PASSED AND APPROVED on ______________.
AYES ____ NAYS ____ NOT VOTING ____ ABSENT ____
ATTEST:
____________________________ __________________________
City Clerk Mayor
Exhibit A Ordinance No. 93-98; Exhibit B Tax Levy History