City of Philadelphia - File #: 130114

• File #: 130114
• Version: 0
• Type: Resolution
• Status: ADOPTED
• File created: 2/14/2013
• In control: CITY COUNCIL
• Final action: 2/21/2013
• Title: Amending Resolution No. 120538, approving the annual Program Statement and Budget for the expenditure of the Neighborhood Transformation Initiative (NTI) Bond Proceeds for Fiscal Year 2013.
• Sponsors: Councilmember Johnson
• Indexes: NEIGHBORHOOD TRANSFORMATION INITIATIVE

Date	Ver.	Action By	Action	Result	Tally
2/21/2013	0	CITY COUNCIL	ADOPTED
2/14/2013	0	CITY COUNCIL	Introduced and Ordered Placed On Next Week's Final Passage Calendar	Pass

Title

Amending Resolution No. 120538, approving the annual Program Statement and Budget for the expenditure of the Neighborhood Transformation Initiative (NTI) Bond Proceeds for Fiscal Year 2013.

Body

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

WHEREAS, Council approved the annual Program Statement and Budget for Fiscal Year 2013; and

WHEREAS, Bill No. 010694, as amended by Bill No. 020036, authorizes Council to amend the annual Program Statement and Budget by Resolution; now therefore,

RESOLVED, BY THE COUNCIL OF THE CITY OF PHILADELPHIA,

THAT Section 1 of Resolution No. 120538 is hereby amended, as follows:

Section 1. The annual Program Statement and Budget for the expenditure of the Neighborhood Transformation Initiative (NTI) Bond Proceeds for Fiscal Year 2013, attached hereto as “Exhibit A” is hereby amended as follows:

*      *      *

1. $2,200,000 of Qualified Redevelopment Bond proceeds included in Exhibit A for acquisition in the 2nd Council District shall instead be transferred to affordable housing in the 2^nd Council District.

_______________________

Explanation:

Bold underline indicates new matter added.

End