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CITY OF WEST CHICAGO
FINANCE COMMITTEE
AGENDA ITEM SUMMARY
ITEM TITLE:
AGENDA ITEM NUMBER: 7. 4G.«#.
Ordinance No. 23-O-0022 — Increasing the Home Rule
Sales Tax Rate FILE NUMBER:
Ordinance No. 23-0-0023 - Collection of Debts from All COMMITTEE AGENDA DATE: 07/12/2023
Entities Associated with Someone in Violation of the City COUNCIL AGENDA DATE: 07/17/2023
Code
STAFF REVIEW: SIGNATURE
APPROVED BY CITY ADMINISTRATOR: SIGNATURE
ITEM SUMMARY:
Over the last several months, City staff has been researching ways to pay for the upkeep of the rights-of-
way in the industrial parks. We are recommending increasing the home rule sales tax rate by 0.50% to
1.50%, and using the additional funds to pay the principal and interest associated with a bond issuance.
A Borrowing Analysis prepared by the City’s Financial Advisor (Anthony Miceli from Speer Financial) is
attached, and will be brought back before the Finance Committee later this year; it has been included for
illustration only.
Also, there are property and business owners in WC that operate under more than one business name.
The language in our current Code does not allow the City to enforce judgements/fines/liens/fees owed by
one of those entities against another business which involves the same person or people. For example,
an owner of a store in our community has its liquor license titled in one company name, but the building
is owned by another corporate entity in which he’s involved. There are outstanding water bills from
former tenants for which the landlord is responsible, but he is now not required to pay these to keep his
liquor license valid. The attached Ordinance provides the City with more flexibility to collect debts due
and owing.
STAFF RECOMMENDATION:
Staff recommends adoption of Ordinance Nos. 23-O-0022 and -0023.
COMMITTEE RECOMMENDATION:
The Finance Committee unanimously recommends adoption of Ordinance Nos. 23-O-0022 and -0023.