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Regular Village Board meetings are typically held at 7:00 p.m., the first three Tuesdays of each month in Council Chambers of Village Hall (room 201), 123 Madison St. When a Regular Meeting falls on a holiday, the meeting typically is held the following night. The Village Board also meets in special sessions from time to time. However, dates and times of Special Meetings can vary and may change.

File #: ORD 24-188    Name:
Type: Ordinance Status: Passed
In control: President and Board of Trustees
On agenda: 12/3/2024 Final action: 12/3/2024
Title: An Ordinance for the Levy and Assessment of Taxes in the Amount of $775,000 for the Property Tax Year for the Village of Oak Park Special Service Area Number One
Attachments: 1. SSA1 Levy Ordinance FY25

Submitted By                     

Donna M. Gayden, Interim CFO

 

Reviewed By

Ahmad M. Zayyad, Deputy Village Manager

 

Agenda Item Title

Title

An Ordinance for the Levy and Assessment of Taxes in the Amount of $775,000 for the Property Tax Year for the Village of Oak Park Special Service Area Number One 

End

Overview

Overview

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.

End

 

Recommendation

Recommendation

Adopt the Ordinance.

 

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.

 

Fiscal Impact

The requested levy of $775,000 will be used to fund FY25 budgeted Downtown Oak Park (DTOP) expenditures.

 

DEI Impact

N/A

 

Alternatives

The Board could choose not to levy the funds and provide an alternative source of funding or no funding at all.

 

Previous Board Action

The Board last approved the levy for Special Service Area Number One at its meeting on December 4, 2023.

 

Citizen Advisory Commission Action

N/A

 

Anticipated Future Actions/Commitments

N/A

 

Intergovernmental Cooperation Opportunities

N/A