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Approval of $930,484 Budget and Management Agreement for Special Service Area #45 (103rd Street-Halsted)

  • When: 2025/11/14
  • Address: Citywide, Chicago, IL
  • City: Chicago
  • State: IL
  • Category: Economic Development Incentives
  • Subcategory: Special Improvement Districts
  • Asset Class: Commercial
  • Size (Dollars): $930,484

The Chicago City Council approved the scope of services, budget, and management agreement for Special Service Area (SSA) No. 45, covering the 103rd Street-Halsted area. The ordinance authorizes a 2025 tax levy of $930,484 to fund the SSA's 2026 budget. The designated service provider, Far South CDC, will administer programs including customer attraction, public way aesthetics, business development, and public safety initiatives. The budget allocates funds for services such as security, landscaping, holiday decorations, and SSA management. This action formally appropriates the funds and authorizes the Department of Planning and Development to execute the necessary agreements with Far South CDC.

Source

Applicant - Far South CDC


Abraham Lacy

City Representative - Commissioner of Planning and Development