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 17-279    Name:
Type: Ordinance Status: Passed
In control: President and Board of Trustees
On agenda: 12/11/2017 Final action: 12/11/2017
Title: An Ordinance for the Levy and Assessment of Taxes in the Amount of $402,000 for the 2017 Property Tax Year for Village of Oak Park Special Service Area Number One
Attachments: 1. SSA1 Levy Ordinance FY18

Submitted By                     

Steven Drazner, Chief Financial Officer

 

Reviewed By

CLP

 

Agenda Item Title

Title

An Ordinance for the Levy and Assessment of Taxes in the Amount of $402,000 for the 2017 Property Tax Year for 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 marketing of the business district.

 

Body

Staff Recommendation

Approve

 

Fiscal Impact

The requested levy of $402,000 plus a budgeted amount of $355,000 transferred in from the Downtown Oak Park TIF provides funding totaling $757,000.  This will be used to pay for the annual contractual expenses budgeted for Downtown Oak Park (DTOP).

 

Background

Special Service Area 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 Treasuer and remitted to the Village .  The Finance Department then forwards the levy proceeds to Downtown Oak Park, an organization created by the merchants and businesses in the area that provides marketing support and maintenance functions for the area.

 

Alternatives

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

 

Previous Board Action

The Board last approves the levy for Special Service Area Number One at its meeting on December 5, 2016.

 

Citizen Advisory Commission Action

N/A

 

Anticipated Future Actions/Commitments

N/A

 

Intergovernmental Cooperation Opportunities

N/A

 

Performance Management (MAP) Alignment

N/A