Title
Ordinance proposing to re-establish of Lake County Special Service Area (SSA) Number 12 (SSA #12) and providing for a public hearing and other procedures in connection therewith (Woods of Ivanhoe).
Staff Summary
• In accordance with 35 ILCS 200/27 of the Property Tax Code, SSA #12 was originally established in 2004, and after 15 years, is set to expire in July 2019.
• In advance of this expiration, property owners submitted a petition to re-establish SSA #12.
• The Lake County Board needs to follow the legal process to re-establish SSA #12 to fulfill the petitioners request.
• This ordinance proposes to re-establish SSA #12 and provides for a public hearing to consider a financial mechanism for maintenance of private roads, in the established area as described in SSA #12, and to consider the levy of a direct annual tax which will produce up to $500 per lot annually for a period not to exceed 25 years.