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TO: Mayor Richard C. Irvin
FROM: Martin Lyons, Chief Financial Officer/City Treasurer
David Dibo, Director, Mayor's Office of Economic Development
DATE: August 21, 2018
SUBJECT:
Ordinance approving the extension of the tax levy for an additional eight (8) years of Special Service Area One (1) Aurora Downtown in the City of Aurora following notice and public hearing and other procedures in connection therewith
PURPOSE:
It has been determined by the City Council of the City of Aurora that it is in the public interest that the authority to levy taxes for said Special Service Area Number One (1) be extended for an additional eight (8) years; and
That a public hearing was held on June 26, 2018; and
That said Area is compact and contiguous and constitutes a principal commercial and business area of the City; and
That said Area is principally zoned for commercial and residential purposes and will benefit specially from the municipal services to be provided and that the proposed municipal services are unique and in addition to municipal services provided to the City of Aurora as a whole and it is, therefore, in the best interest of said Area and the City of Aurora as a whole that special taxes be levied against said Area for the services to be provided
BACKGROUND:
That the purpose of City of Aurora Special Service Area Number One is to provide special municipal services for said Area (Downtown) to achieve the following goals:
GOAL 1: Create, fund and staff a downtown management and development organization, which will be an Illinois not-for-profit corporation.
GOAL 2: Assist business and property owners to enhance and maintain a safe, secure, clean and hospitable business environment.
GOAL 3: Attract anchors and other complementary businesses to downtown.
GOAL 4: Plan, coordinate and monitor capital improvement projects for downtown.
GOAL 5: Identify and work with business and property owners to encourage business growth and property improvement...
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