Welcome to the most luxurious shopping destination in Chicago!
The City of Chicago contracts the Oak Street Council as the sole service provider for Oak Street Special Service Area 75 (Oak Street SSA). As collective overseers of Oak Street SSA, our goal is to preserve Chicago’s most historic community by maintaining the highest security level, beautifying pedestrian areas and streets, and supporting the world-renowned clothiers, jewelers, timepiece brands, and restaurants represented within our neighborhood.
SERVICES PROVIDED THROUGH OAK STREET SSA
Under the guidance of the Oak Street SSA Commission and administered by the Oak Street Council, our dedicated team of entrepreneurs and managers work unitedly to maintain our reputation as an inviting environment in which to live, shop, and dine. Services provided by the Oak Street SSA include:
• Security: Street-level security cameras and security patrol who monitor our area
• Street Beautification: Sanitation and beautification ambassadors who provide snow removal, street cleaning, and landscaping services
• Exterior Decor: Design professionals who maintain street decorations during holiday seasons
• Communications: Ongoing communications to SSA property owners, businesses, and the public about the accomplishments and impact of the Oak Street SSA
BOUNDARIES OF OAK STREET SSA
Oak Street SSA includes all property on both the north and south side of Oak Street, between Rush Street and the area just west of Michigan Avenue.
OAK STREET SSA COMMISSION
The Oak Street SSA Commission is a public body comprised of property and business owners or their designees within the Oak Street SSA. Their role is to recommend the funding and services, act as the Sole Service Provider to the City, and provide ongoing oversight of the SSA.
FUNDING FOR OAK STREET SSA
The Oak St SSA funds many special or additional services and/or physical improvements in the Oak St SSA district. The Oak St SSA Commission is charged with prioritizing services and improvements in the Oak St SSA and determining an appropriate budget to fund the services. In an SSA, only the property owners that benefit from the improvements are assessed the additional tax that is used to pay for the SSA services.
The budget is funded almost exclusively by the SSA tax levy. The tax rate cap for the Oak St SSA is 0.62% of Equalized Assessed Value (EAV) for the properties within the SSA. This means that, while the amount of taxes collected will vary from year to year based upon the tax rate necessary to meet budget needs, the tax rate can never exceed 0.62% of the properties’ EAV. The tax rate for the initial years of the SSA is well below the cap at approximately 0.238%. In 2021, this translates into a tax levy and budget of $272,292 to spend on projects, services, and improvements on Oak St.
In 2022, this translates into a tax levy and budget of $272,292 to spend on projects, services, and improvements on Oak St. plus 2021 Carry Over of approximately $65,500 for a total 2022 budget $337,792. In 2022, the Oak St SSA is spending the programmatic portion of its budget as follows:
Customer Attraction: 20%
Public Way Aesthetics: 35%
Economic and Business Development: 1%
Safety Programs: 44%
Contract and Audit Documents
Current Request for Proposals (RFP’s)
None at this time.
Oak St SSA c/o OAK STREET COUNCIL
Mailing Address: Richard Mille, 111 E Oak St, Chicago, IL 60611