ORDINANCE
WHEREAS, On February 17, 2009, President Barack Obama signed into law the American Recovery and Reinvestment Act of 2009, pursuant to which the City has received Federal stimulus funding for a variety of important purposes, which were duly appropriated in the Community Development Block Grant - Recovery ("CDBG-R") Ordinance passed by the City Council on October 7, 2009, which ordinance appears at pages 72409 through 72416 of the Journal of Proceedings of that date; and
WHEREAS, The City, through its Department of Housing and Economic Development ("DHED"), desires to appropriate an additional $1,753,000 generated during fiscal year 2012 from DHED's CDBG-R Troubled Building Initiative Distressed Condominium Program, and to use those additional funds in that Program; now, therefore,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CHICAGO:
SECTION 1. The CDBG-R Ordinance, as amended, is hereby further amended by striking the words and figures and adding the words and figures as indicated in Exhibit A attached hereto.
SECTION 2. This ordinance shall be in full force and effect from and after its passage and approval.
- RECOVERY
Exhibit A
AMENDMENT TO COMMUNITY DEVELOPMENT BLOCK GRANT
APPROPRIATION ORDINANCE
Community Development Block Grant - Recovery
Community Development Block Grant - Recovery - Program Income
Strike Amount Add Amount
$ 22,459,047 22,459,047
$ - 1,753,000
24,212,047
4,253,000
2,500,000
(54) Department of Housing and Economic Development
2525 - Troubled Buildings Initiative Distressed Condo Program
Office of Budget and Management
CITY OF CHICAGO
September 6, 2012
TO THE HONORABLE, THE CHAIRMAN AND MEMBERS OF THE CITY COUNCIL COMMITTEE ON THE BUDGET AND GOVERNMENT OPERATIONS
Ladies and Gentlemen:
I transmit herewith an ordinance amending the CDBG-R ordinance. Your favorable consideration of this ordinance will be appreciated.
Alexandra Holt Budget Director
121 NORTH l.ASALLIi STREET. ROOM 604. CHICAGO. ILLINOIS 60602
Very truly yours,
CHICAGO, September 12, 2012
To the President and Members of the City Council;
Your Committee on the Budget and Government Operations, having had under consideration an Ordinance authorizing an amendment to the Community Development Block Grant Recovery Ordinance within the Department of Housing and Economic Development to appropriate funds generated by a program, having had the sameunder advisement, begs leave to report and recommend that Your Honorable Body pass the Ordinance transmitted herewith.
This-recommendation was concurred in by a viva voce vote of the members of the ComssHttec.
Carrie M. Austin Chairman