Office of the City Clerk - Record #: SO2017-5506

• Record #: SO2017-5506
• Type: Ordinance
• Status: Passed
• Intro date: 7/26/2017
• Current Controlling Legislative Body: Committee on Budget and Government Operations
• Final action: 9/6/2017
• Title: Amendment of Municipal Code Section 16-14-080(a) regarding aggregate program funding limit increase for Neighborhoods Opportunity Fund for disbursement of additional Group I Grants
• Sponsors: Emanuel, Rahm
• Topic: FINANCE FUNDS - Neighborhoods Opportunity Fund, MUNICIPAL CODE AMENDMENTS - Title 16 - Land Use - Ch. 14 Neighborhoods Opportunity Fund Ordinance

Date	Journal Page Number	Action By	Action	Result
9/22/2017		City Council	Signed by Mayor
9/6/2017	54823	City Council	Passed as Substitute	Pass
9/5/2017		Committee on Budget and Government Operations	Substituted in Committee	Pass
7/26/2017	52578	City Council	Referred

SUBSTITUTE ORDINANCE

WHEREAS, Chapter 16-14 of the Municipal Code of Chicago, as amended (the "Municipal Code") contains the Neighborhoods Opportunity Fund Ordinance (the "Ordinance") establishing the Neighborhoods Opportunity Fund (the "NOF"); and

WHEREAS, Section 16-14-080 of the Municipal Code authorizes the Department of Planning and Development ("DPD") of the City of Chicago (the "City") to administer the NOF and all projects funded under the Ordinance, including (a) disbursing individual grants for development projects described in the Ordinance in the amount of $250,000.00 or less (collectively, the "Group I Grants"), subject to periodic authorization by the City Council of the City (the "City Council") of program funding limits; and (b) disbursing individual grants for development projects described in the Ordinance exceeding $250,000.00 per grant, to the extent each such grant is approved by the City Council (collectively, the "Group II Grants"); and

WHEREAS, pursuant to an ordinance adopted by the City Council on April 19, 2017 and published at pages 46773 through 46774 in the Journal of the Proceedings of the City Council of such date, the City Council authorized an initial program funding limit (the "Funding Limit") for the Group I Grants; and

WHEREAS, the City Council desires to increase the Funding Limit; 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 as though fully set forth herein.

SECTION 2. Subsection 16-14-080(a) of the Municipal Code of Chicago is hereby amended by inserting the language underscored, as follows:

16-14-080 Administration.

(a) The department shall administer the Neighborhoods Opportunity Fund and all projects funded under this chapter. Any grant of funds for a private project in an aggregate amount in excess of $250,000.00 shall require city council approval. The department may disburse individual grant...