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)
Votes › Budget and Government Operations
- Record number: SO2024-0011016
- Type: Ordinance; category: Municipal Code Amendments
- Status: Final
- Sponsor: Johnson, Brandon
- Committee: Committee on Budget and Government Operations
- Introduction Date: Jul 17, 2024
- Final Action Date: 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 (48): 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), Jeylú B. Gutiérrez (14), 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), Byron Sigcho-López (25), Jessica L. Fuentes (26), Jason C. Ervin (28), Chris Taliaferro (29), Ruth Cruz (30), Felix Cardona Jr. (31), Scott Waguespack (32), Rossana Rodríguez Sánchez (33), 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), Carlos Ramirez-Rosa (former member)
Absent (2): Jeanette B. Taylor (20), Walter R. Burnett (27)
Timeline
- Jul 17, 2024: Referred, City Council. The matter was Referred to Committee.
- Sep 5, 2024: Recommended to Pass, Committee on Budget and Government Operations. The matter was recommended to Pass by controlling legislative body.
- Sep 5, 2024: Substituted, Committee on Budget and Government Operations. The matter was substituted in committee.
- Sep 18, 2024: Passed, City Council (48 yea, 0 nay), at the City Council meeting. On motion of Alderperson Ervin, and unsuccessful motion to reconsider by Alderperson Mitchell, the matter was Passed.
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)
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