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HomeMy WebLinkAboutOrdinance 64-O-25_ Special Service Area _10 2025 Tax Levy11/10/2025 64-O-25 AN ORDINANCE Levying Taxes for the Special Service Area No. 10 of the City of Evanston, County of Cook, and State of Illinois, for the Fiscal year Beginning January 1, 2026, and Ending December 31, 2026 BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF EVANSTON, COOK COUNTY, ILLINOIS: SECTION 1: That, in order to meet expenses and liabilities of the Special Service Area No. 10 of the City of Evanston, Illinois, for the fiscal year beginning January 1, 2026, there is hereby levied on all real property subject to taxation within the limits of said Special Service Area No. 10 of the City of Evanston as assessed and equalized for the year 2025, the sum of One Hundred Thousand and Thirty-Five dollars ($100,035.00), being the total 2026 budget plus allowances for allowable collection losses (2.50%), which are to be collected from the tax levy of Special Service Area No. 10 of the City of Evanston for the year 2025. SECTION 2: That there be appropriated the sum of the sum of One Hundred Thousand and Thirty-Five dollars ($100,035.00), for the Evanston Special Service Area 10, as outlined in the City of Evanston FY26 Proposed Budget – Tax Levy Year 2025 to be Received in FY2026. Page 1 of 3 64-O-25 Special Service Area No. 10 Fund Budget Source Other Than Taxation Levy Taxes Administration $30,695 $0 $30,695 Marketing $59,500 $0 $59,500 Placemaking $7,400 $0 $7,400 SUBTOTAL $97,595 $0 $97,595 Collection Losses (2.50%)$2,440 TOTAL TAXATION $100,035 SECTION 3: Per City ordinance 161-O-19, under no circumstances shall the total annual amount levied exceed 0.2460% of the Special Service Area No. 9 equalized assessed valuation for the duration of the ten (10) year SSA period. SECTION 4: That the foregoing recitals are found as fact and made a part hereof. SECTION 5: That all ordinances or parts of ordinances in conflict herewith are repealed. SECTION 6: That this ordinance 64-O-25 shall be in full force and effect from and after its passage, approval, and publication in the manner provided by law. Introduced:_________________, 2025 Adopted:___________________, 2025 Approved: __________________________, 2025 _______________________________ Daniel Biss, Mayor Page 2 of 3 November 10 November 24 64-O-25 Attest: _____________________________ Stephanie Mendoza, City Clerk Approved as to form: _______________________________ Alexandra Ruggie, Corporation Counsel Page 3 of 3