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Record #: O2015-2628   
Type: Ordinance Status: Passed
Intro date: 4/15/2015 Current Controlling Legislative Body: Committee on Budget and Government Operations
Final action: 5/6/2015
Title: CDBG Year XLI Ordinance amendment for reallocation of unspent expenditures
Sponsors: Emanuel, Rahm
Topic: BUDGET & APPROPRIATIONS - CDBG - Year XLI
Attachments: 1. O2015-2628.pdf
 
 
 
 
OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL
MAYOR
April 15,2015
 
 
 
 
 
 
 
 
 
TO THE HONORABLE, THE CITY COUNCIL OF THE CITY OF CHICAGO
 
 
Ladies and Gentlemen:
 
At the request of the Budget Director, I transmit herewith an adjustment to the Year XLI CDBG Ordinance.
 
Your favorable consideration of this ordinance will be appreciated.
 
 
 
Very truly yours.
 
Mayor
 
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Ordinance
 
WHEREAS, on November 12, 2014 the City Council of the City of Chicago adopted an ordinance entitled "Submission of Final Statement of Objectives and Projected Use of Funds for Community Development Block Grant Year XLI, as Amended" (the "Year XLI CDBG Ordinance"); and
 
WHEREAS, The City, through the Office of Budget and Management, desires to allocate an additional $337',346 available for CDBG-related expenditures as a result of salvage, and it is prudent and appropriate to incorporate these funds into the Year XLI CDBG Ordinance in order to offset a reduction in the grant; now therefore,
 
 
 
 
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CHICAGO:
 
SECTION 1. The above recitals are expressly incorporated in and made a part of this ordinance.
 
SECTION 2. The Year XLI 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 3. This ordinance shall be in full force and effect upon its passage and approval.
 
 
 
 
 
 
 
 
 
1
 
 
Exhibit A
AMENDMENT TO COMMUNITY DEVELOPMENT BLOCK GRANT
 
Strike Amount      Add Amount
APPROPRIATION ORDINANCE
Community Development Block Grant                                         $   72,815,019      $ 72,477,673
Reallocation of Unspent Community Development Block Grant           $   18,897,192      $ 19,234,538