ORDINANCE
WHEREAS, By ordinance passed by the City Council on November 15, 2012 for the 2013 fiscal year, the City Council authorized the projected use of Community Development Block Grant entitlement funds for Year XXXIX (the "Year XXXIX CDBG Ordinance"); and
WHEREAS, Pursuant to the Year XXXIX CDBG Ordinance, the reprogramming of funds is subject to review and approval by the City Council; and
WHEREAS, The Office of Budget and Management seeks to increase the Year XXXIX award by $5,554,686 that has become available from the US Department of Housing and Urban Development and decrease salvage by the same amount; and
WHEREAS, The City desires to amend the Year XXXIX CDBG Ordinance to account for the above-described funding reallocations; now, therefore,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CHICAGO:
SECTION 1. The Year XXXIX CDBG Ordinance, as amended, is hereby further amended by striking the words and figures and adding the words and figures indicated in Exhibit A attached hereto.
SECTION 2. This ordinance shall be in full force and effect from and after its passage and approval.
Exhibit A
AMENDMENT TO COMMUNITY DEVELOPMENT BLOCK GRANT
Strike Amount Add Amount
APPROPRIATION ORDINANCE
Community Development Block Grant 81,591,000 81,591,000
Community Development Block Grant Entitlement 68,280,000 73,834,686
Allocation of Unspent CDBG Funds From Prior Years 10,511,500 4,956,814
Total Estimates 81,591,000 81,591,000
OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL
MAYOR
June 26, 2013
TO THE HONORABLE, THE CITY COUNCIL OF THE CITY OF CHICAGO
Ladies and Gentlemen:
At the request ofthe Budget Director, I transmit herewith an amendment to the Year XXXIX CDBG ordinance.
Your favorable consideration of this ordinance will be appreciated.
Mayor
Very truly yours,