City of Philadelphia - File #: 040095

• File #: 040095
• Version: 1
• Type: Resolution
• Status: ADOPTED
• File created: 2/5/2004
• In control: Joint Committees of the Whole & Housing, Neighborhood Development and the Homeless
• Final action: 4/1/2004
• Title: Amending the Fiscal Year 2004 Program Statement and Budget for the expenditure of the Neighborhood Transformation Initiative (NTI) bond proceeds.
• Sponsors: Councilmember Blackwell
• Indexes: NEIGHBORHOOD TRANSFORMATION INITIATIVE

Date	Ver.	Action By	Action	Result	Tally
4/1/2004	1	CITY COUNCIL	FAVORABLY RECOMMENDED; CONSIDERATION AT END OF CALENDAR
4/1/2004	1	CITY COUNCIL	ADOPTED
3/29/2004	0	Joint Committees of the Whole & Housing, Neighborhood Development and the Homeless	HEARING HELD
3/29/2004	0	Joint Committees of the Whole & Housing, Neighborhood Development and the Homeless	AMENDED
3/29/2004	1	Joint Committees of the Whole & Housing, Neighborhood Development and the Homeless	REPORTED FAVORABLY
3/22/2004	0	Joint Committees of the Whole & Housing, Neighborhood Development and the Homeless	HEARING NOTICES SENT
3/22/2004	0	Joint Committees of the Whole & Housing, Neighborhood Development and the Homeless	HEARING HELD
3/22/2004	0	Joint Committees of the Whole & Housing, Neighborhood Development and the Homeless	RECESSED
2/5/2004	0	CITY COUNCIL	Referred
2/5/2004	0	CITY COUNCIL	Introduced	Pass

Title
Amending the Fiscal Year 2004 Program Statement and Budget for the expenditure of the Neighborhood Transformation Initiative (NTI) bond proceeds.
Body
WHEREAS, On June 5, 2003, Council adopted Resolution No. 030306, approving the Fiscal Year 2004 Program Statement and Budget for the expenditure of the Neighborhood Transformation Initiative (NTI) bond proceeds; and

WHEREAS, In order to continue to eliminate public safety hazards on a regular and consistent basis, it is necessary to augment the NTI demolition budget for Fiscal Year 2004 by $25 million; and

WHEREAS, This change will enable the City to proceed with the targeted demolition of dangerous vacant properties and provide sufficient funds for emergency demolitions that will become necessary as a result of severe weather conditions during the winter of 2003-2004; and

WHEREAS, The FY04 NTI Program Statement and Budget allocates $12,300,000 to the Basic Systems Repair Program - Tier II (BSRP) and $2,500,000 to the Adaptive Modifications Program; and

WHEREAS, These two programs are also funded using CDBG and State funds; and

WHEREAS, Moving $1,150,000 in NTI funds from the BSRP to the Adaptive Modifications would bring the NTI funding for Adaptive Modifications to $3,650,000 and reduce NTI funding for BSRP to $11,150,000; and

WHEREAS, This change would not affect the overall funding for either program, but would reduce the amount of CDBG funding needed for Adaptive Modifications, so that the lead hazard abatement requirements of Title X will not be triggered; and

WHEREAS, Pursuant to Bill No. 010694, as amended by Bill No. 020036, Council must approve, by resolution, any amendments to the annual Program Statement and Budget for the expenditure of proceeds of Neighborhood Transformation Initiative bonds; and

WHEREAS, Council wishes to approve the proposed amendments to the annual NTI Program Statement and Budget for Fiscal Year 2004; now therefore

RESOLVED, BY THE ...