City of Philadelphia - File #: 070595

• File #: 070595
• Version: 0
• Type: Resolution
• Status: ADOPTED
• File created: 6/14/2007
• In control: CITY COUNCIL
• Final action: 6/14/2007
• Title: Amending Resolution No. 070405, approving the annual Program Statement and Budget for the expenditure of the Neighborhood Transformation Initiative (NTI) Bond Proceeds for Fiscal Year 2008.
• Sponsors: Councilmember Savage
• Indexes: NEIGHBORHOOD TRANSFORMATION INITIATIVE

Date	Ver.	Action By	Action	Result	Tally
6/14/2007	0	CITY COUNCIL	ADOPTED
6/14/2007	0	CITY COUNCIL	READ
6/14/2007	0	CITY COUNCIL	Introduced	Pass

Title

Amending Resolution No. 070405, approving the annual Program Statement and Budget for the expenditure of the Neighborhood Transformation Initiative (NTI) Bond Proceeds for Fiscal Year 2008.

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 2008; and

WHEREAS, The Basic Systems Repair Program is a vital program for City residents that provides major housing repairs for owner-occupied properties; and

WHEREAS, The Basic Systems Repair Program has, historically, had a significant waiting list of homeowners who reside in the 7^th Council District whose properties are eligible for needed housing repairs; now, therefore,

RESOLVED, BY THE COUNCIL OF THE CITY OF PHILADELPHIA,

THAT Section 1 of Resolution No. 070405 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 2008, attached hereto as “Exhibit A,” is hereby approved, subject to the following changes:

*      *      *

      (a)      $1,000,000 included in Exhibit A for acquisition in the 7th Council District shall instead be budgeted for the Basic Systems Repair Program, and shall be made available only for eligible homeowners who currently reside within the 7^th Council District.

End