THE YEAR XXXIX COMMUNITY DEVELOPMENT BLOCK GRANT ORDINANCE
WHEREAS, pursuant to the enactment of the Federal Housing and Community Development Act of 1974, as amended (the "Act"), the City of Chicago proposes to submit the Final Statement of Objectives and Projected Use of Year XXXIX entitlement funds, unexpended funds of prior federal years and related revenues in the amount of eighty-one million, five hundred ninety-one thousand dollars ($81,591,000.00); and
WHEREAS, it is provided in the Act and in regulations promulgated thereunder that the City provide certain assurances to the federal government; and
WHEREAS, the Mayor and the City Council of the City of Chicago are cognizant of the conditions of the Act, and are desirous of complying therewith; and
WHEREAS, the Mayor and the City Council are desirous of establishing procedures which insure fair, open and equitable administration of federal grant funds; and
WHEREAS, the City of Chicago is a home rule unit of government as defined in Article VII, Section 6(a) of the Illinois Constitution, and as such may exercise any power and perform any function pertaining to its government and affairs; and
WHEREAS, the management of its finances is a matter pertaining to the government and affairs of the City; now, therefore,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CHICAGO:
SECTION 1. The Mayor of the City of Chicago is hereby authorized to make Year XXXIX submission for funds, including the Final Statement of Objectives and Projected Use of Funds, in the sum of eighty-one million, five hundred ninety-one thousand dollars ($81,591,000.00) in entitlement funds, unexpended funds of prior years and related revenues, as set forth in this ordinance and all understandings and assurances contained herein, pursuant to the Federal Housing and Community Development Act of 1974, as amended, and regulations issued thereunder. The City Council hereby approves the Action Plan for use of Year XXXIX Community Development Blo...
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