TO: Mayor Thomas J. Weisner
FROM: Blanca R. Dominguez, Asst. Corp. Counsel
DATE: Dec. 4, 2013
SUBJECT: title
Ordinance Providing for the Termination of Special Service Area Twenty in the City of Aurora Established pursuant to Ordinance No. O92-94 on November 19, 1992.
body
PURPOSE:
To terminate Special Service Area Twenty in accordance with the terms of Ordinance No. O92-94.
BACKGROUND:
Ordinance No. O92-94, as adopted on November 19, 1992, allowed for the creation of Special Service Area Twenty authorizing a levy of up to fifty-one dollars and thirty-one cents ($51.31) per linear front footage of all property within Special Service Area Twenty for a maximum period of twenty (20) years.
DISCUSSION:
In accordance with the terms of Ordinance No. O92-94, termination is warranted since the total cost of the project funded by Special Service Area Twenty has been paid in full and no further levy is needed.
IMPACT STATEMENT:
There will be no negative impact upon the termination of Special Service Area Twenty.
RECOMMENDATIONS:
I am recommending that this item be referred to the Finance Committee for consideration at the January 7, 2014 meeting.
cc: Alderman O'Connor, Chairman
Alderman Mervine
Alderman Bohman
Alderman Peters, Alternate