TO: Finance Committee
FROM: Kevin Sing, Director of Finance
SUBJECT:
Ordinance for the Levy and Assessment of Taxes for the Fiscal Year Beginning January 1, 2025 and Ending December 31, 2025, in and for the 2009 Joliet Special Service Area Number Seven (Park Hill Subdivision)
BACKGROUND:
Special Service Area (“SSA”) No. 7 Park Hill Subdivision was established in 2009 to manage and maintain the storm water detention pond located on Lot 60 in Park Hill Subdivision. The SSA includes the area bordered by Longwood on the west, Parkwood on the east, Beechwood on the north and Basswood on the South. This tax is levied on an annual basis to provide funding to properly manage and maintain the detention pond. Staff is proposing to maintain the annual levy amount of $8,000.
Under Illinois law the City must adopt a tax levy ordinance for a special service area and file it with the County Clerk before the last Tuesday in December. The attached Ordinance will levy $8,000 on the applicable properties in the Park Hill Subdivision (2009 Special Service Area Number Seven).
CONCLUSION:
Approval of this item will continue to provide funding for detention pond maintenance for the Park Hill Subdivision.
RECOMMENDATION:
recommendation
It is recommended that the attached Ordinance be adopted.
end