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Westlake shopping center attorney asks Peoria council to extend SSA to 2055, raise SSA sales tax 0.25%
Summary
At a Feb. 24 public hearing, counsel for Westlake Shopping Center asked the Peoria City Council to extend the Westlake Special Service Area to 2055 and increase the SSA sales tax by 0.25 percentage points to 1% to refinance projects and support a signed lease with a national tenant; council scheduled final action for March 10 after the owner submits a statutory waiver.
At a public hearing Feb. 24, Bob Hall, attorney for the Westlake Shopping Center, asked the Peoria City Council to extend the Westlake Special Service Area (SSA) to 2055 and increase the SSA sales tax rate by 0.25 percentage points — from 0.75% to 1.0% — to refinance SSA obligations and help finance tenant improvements.
Hall told the council the Westlake SSA has been in place since 2010 and that its self-imposed levies on property and sales have funded improvements including…
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