Submitted By
Steven Drazner, Chief Financal Officer
Reviewed By
LKS
Agenda Item Title
Title
An Ordinance for the Levy and Assessment of Taxes in the Amount of $5,000 for the 2019 Property Tax Year for Village of Oak Park Special Service Area Number Eight
End
Overview
Overview
The Village levies a tax upon the geographic area of The East, Columbian, Linden and Euclid Avenues. This area is referred to as Special Service Area Number Eight. This levy
generates tax dollars to be used to offset the cost of Speed Tables.
Body
Staff Recommendation
Approve the Ordinance
Fiscal Impact
This levy is expected to generate $5,000 in this Special Service Area.
Background
Special Service Area Seven was created by Village Ordinance on June 4, 2018, and provides
for a special annual tax levy on properties located within the area. The taxes are collected
by the Cook County Collector and remitted to the Village. The Finance Department then
utilizes the levy proceeds to offset the cost of speed tables.
Alternatives
The Board could choose not to adopt the levy or defer until a later date. By law, tax levies must be filed with the Cook County Clerk’s Office no later than December 31, 2019 (the last Tuesday of December).
Previous Board Action
N/A
Citizen Advisory Commission Action
N/A
Anticipated Future Actions/Commitments
N/A
Intergovernmental Cooperation Opportunities
N/A
Performance Management (MAP) Alignment
N/A