Amendment of Municipal Code Section 16-14 enlarging loan loss reserve funding arrangements for qualified financial institutions as an authorized use of Neighborhood Opportunity Fund, modifying thresholds for Group I and II Award Grants Program, redefining eligible costs thresholds, and setting aggregate funding limit and risk reserve protections funds as described at 16-14-060 (f)
- Record number: SO2024-0011016
- Type: Ordinance; category: Municipal Code Amendments
- Status: Final
- Sponsor: Johnson, Brandon
- Committee: Committee on Budget and Government Operations
- Introduced: Jul 17, 2024
- Final action: Sep 18, 2024
- Official record: Office of the City Clerk
Roll call: Passed Sep 18, 2024
48 yea, 0 nay, 2 absent. On motion of Alderperson Ervin, and unsuccessful motion to reconsider by Alderperson Mitchell, the matter was Passed. Voted at the City Council meeting of Sep 18, 2024.
Yea (44): Daniel La Spata (1), Brian Hopkins (2), Pat Dowell (3), Lamont J. Robinson (4), Desmon C. Yancy (5), William E. Hall (6), Gregory I. Mitchell (7), Michelle A. Harris (8), Anthony Beale (9), Peter Chico (10), Nicole T. Lee (11), Julia M. Ramirez (12), Marty Quinn (13), Raymond A. Lopez (15), Stephanie D. Coleman (16), David H. Moore (17), Derrick G. Curtis (18), Matthew J. O'Shea (19), Ronnie L. Mosley (21), Michael D. Rodriguez (22), Silvana Tabares (23), Monique L. Scott (24), Jessica L. Fuentes (26), Jason C. Ervin (28), Chris Taliaferro (29), Ruth Cruz (30), Felix Cardona Jr. (31), Scott Waguespack (32), William Conway (34), Gilbert Villegas (36), Emma Mitts (37), Nicholas Sposato (38), Samantha Nugent (39), Andre Vasquez Jr. (40), Anthony V. Napolitano (41), Brendan Reilly (42), Timothy R. Knudsen (43), Bennett R. Lawson (44), James M. Gardiner (45), Angela Clay (46), Matthew J. Martin (47), Leni Manaa-Hoppenworth (48), Maria E. Hadden (49), Debra L. Silverstein (50)
Absent (2): Jeanette B. Taylor (20), Walter R. Burnett (27)
Former members who voted: Jeylu B. Gutierrez (Yea), Byron Sigcho-Lopez (Yea), Carlos Ramirez-Rosa (Yea), Rossana Rodriguez Sanchez (Yea)
Timeline
- Jul 17, 2024: Referred, City Council
- Sep 5, 2024: Substituted, Committee on Budget and Government Operations
- Sep 5, 2024: Recommended to Pass, Committee on Budget and Government Operations
- Sep 18, 2024: Passed, City Council
Documents
- O2024-0011016.pdf (Legislation)
- O2024-0011016 Mayoral Letter.pdf (Miscellaneous)
- Substitute SO2024-0011016 Muni Code Amend Ch 16-14.pdf (Legislation)
- SO2024-0011016 Substitute Digital Tracking Cover.pdf (Miscellaneous)
- SO2024-0011016 Committee Letter.pdf (Committee Letter)