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An Ordinance for the Levy and Assessment of Taxes in the Amount of $800,000 for the Property Tax Year for the Village of Oak Park Special Service Area Number One
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Introduction
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The Village levies a tax upon the geographic area often referred to as Downtown Oak Park. This area coincides with the legally designated Special Service Area Number One. This levy, against property within the district, is used for the marketing of the business district.
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Recommended Action
Adopt the ordinance.
Prior Board Action
The Village Board last approved an Ordinance for Special Service Area One at its meeting held on December 3, 2024 (ORD 24-188).
Background
Special Service Area (SSA) Number One was created by Village Ordinance on December 17, 1973, and provides for a special annual tax levy on properties located within the Downtown Oak Park area. The taxes are collected by the Cook County Treasurer and remitted to the Village. The Finance Department then forwards the levy proceeds to Downtown Oak Park, the organization that the Village has contracted within the area that provides marketing support and maintenance functions for SSA #1.
Timing Considerations
There are no specific timing considerations associated with this item.
Budget Impact
The requested levy of $800,000 will be used to fund FY26 budgeted Downtown Oak Park (DTOP) expenditures.
Staffing Impact
There is no staffing impact associated with this item. The item aligns with the department’s core service delivery.
DEI Impact
There is no DEI impact associated with this item.
Community Input
There has been no community input given in relation to this item.
Staff Recommendation
Adopt the Ordinance.
Advantages:
• This action will ensure the Village can provide DTOP with funding to provide maintenance and marketing functions.
Disadvantages:
• This action requires the levying of additional funds in Special Service Area One.
Alternatives
Alternative 1:
The Board can elect not to levy additional funds on Special Service Area One.
Advantages:
• This action will reduce the overall burden of the levy on Special Service Area One.
Disadvantages:
• DTOP will not have funds to provide maintenance and marketing functions.
Alternative 2:
The Board can elect to seek a different source of funding for Special Service Area One.
Advantages:
• Staff will provide the Board with different options for funding Special Service Area One if identified.
Disadvantages:
• This action may delay funding to Special Service Area One.
• Additional sources of funding must be identified to fund Special Service Area One.
Anticipated Future Actions
There are no anticipated future actions in relation to this item.
Prepared By: Donna M. Gayden, Interim Chief Financial Officer
Reviewed By: Ahmad M. Zayyad, Deputy Village Manager
Approved By: Kevin J. Jackson, Village Manager
Attachment(s):
1. Ordinance