ACTION REQUESTED:
Title
Communication from the City Manager with a Request to ADOPT the following:
A. An ORDINANCE proposing the creation of a PEORIA SPORTS CENTER PROPERTY TAX SPECIAL SERVICE AREA in the city of Peoria, Illinois, and providing for a PUBLIC HEARING and other procedures in connection therewith;
B. An ORDINANCE proposing the creation of a PEORIA SPORTS CENTER HOTEL TAX SPECIAL SERVICE AREA in the city of Peoria, Illinois, and providing for a PUBLIC HEARING and other procedures in connection therewith;
C. An ORDINANCE proposing the creation of a PEORIA SPORTS CENTER SALES TAX SPECIAL SERVICE AREA in the city of Peoria, Illinois, And providing for a PUBLIC HEARING and Other procedures in connection therewith;
D. An ORDINANCE proposing the creation of a HOLIDAY INN PROPERTY TAX SPECIAL SERVICE AREA in the city of Peoria, Illinois, And providing for a PUBLIC HEARING and other Procedures in connection therewith;
E. An ORDINANCE proposing the creation of a HOLIDAY INN HOTEL TAX SPECIAL SERVICE AREA in the city of Peoria, Illinois, and providing for a PUBLIC HEARING and other Procedures in connection therewith; and,
F. An ORDINANCE proposing the creation of a HOLIDAY INN SALES TAX SPECIAL SERVICE AREA in the city of Peoria, Illinois, And providing for a PUBLIC HEARING and other Procedures in connection therewith
Body
BACKGROUND: If approved by the City Council as an earlier, separate agenda item, the First Amendment to the Annexation Agreement (originally between the City, Chambers family and other third parties and dated September 7, 1999), requires that the City create Special Service Areas (SSA) in conjunction with the construction and opening of the Louisville Slugger Sports Complex and Holiday Inn and Suites (beginning with Section 4 of said Agreement).
An SSA is an economic development tool established by state law that allows municipalities to create defined geographic areas in which special services, such as condui...
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