Submitted By
Steve Drazner, CFO
Reviewed By
A.M. Zayyad, Deputy Village Manager
Agenda Item Title
Title
An Ordinance Terminating Special Service Area Number 8
End
Overview
Overview
Special Service Area (SSA) #8 was created by Village Ordinance 18-373 on June 4, 2018 to design, construct, install and maintain speed tables, located mid-block on the 1200 blocks of North East Avenue, Columbian Avenue, Linden Avenue, and North Euclid Avenue. The project for this SSA has been completed and staff now recommends terminating this special service area. Should the speed tables require any future maintenance or repairs, such expense would be appropriated and paid from the Public Works operating budget.
End
Recommendation
Recommendation
Adopt the Ordinance.
Background
Special Service Area #8 was created in 2018 for the design, construction, and installation of speed tables on the 1200 blocks of North East Avenue, Columbian Avenue, Linden Avenue, and North Euclid Avenue. The project is now complete and has been paid by the Main Capital Fund at a total cost of $20,475.61. The total cumulative SSA #8 collections to date equals $17,408.56.
Please note that the Village Board opted not to levy the final installment amount of $3,738 for tax year 2022 (Fiscal Year 2023). An interfund transfer from SSA #8 to the Main CIP Fund for $17,408.56 was completed to reimburse the majority of expenditures incurred by the CIP Fund for the SSA speed tables.
Fiscal Impact
None. Expenses previously paid.
DEI Impact
N/A
Alternatives
Do not terminate SSA #8 at this time.
Previous Board Action
ORD 18-373 on June 4, 2018 (Adoption of SSA #8).
On December 5, 2022, the Village Board denied Ordinance 22-38, thereby opting not to levy the final installment in the amount of $3,738.
Citizen Advisory Commission Action
N/A
Anticipated Future Actions/Commitments
N/A
Intergovernmental Cooperation Opportunities
N/A