File #: 562-2019    Version: 1 Name:
Type: Emergency Ordinance Status: Passed
File created: 4/27/2019 In control: City Council
On agenda: 5/20/2019 Final action: 5/20/2019
Passage/adoption date: 5/20/2019
Effective date: 5/21/2019    
Title: AN EMERGENCY ORDINANCE Authorizing the Directors of Finance and Economic Development to transfer $3,000,000 from the General Fund to Fund Nos. 17 SF 008 and 17 SF 652 for the purpose of making loan and grant agreements for economic development financial assistance and forgivable and non-forgivable loan agreements under the Vacant Property Initiative, both in amounts not to exceed $250,000, authorized under Ordinance No. 90-10, passed February 8, 2010.
Sponsors: Anthony Brancatelli, Kevin J. Kelley, By Departmental Request
Indexes: ECONOMIC DEVELOPMENT DEPARTMENT, FINANCE DEPARTMENT, GENERAL FUND, GRANT AGREEMENT , LOAN AGREEMENT
Attachments: 1. 562-2019-EOrd-Transfer GF funds to ED for loans and grants, 2. 562-2019 Executive Summary - ED Funds Transfer from general fund, 3. Ord. No. 562-2019 (Final)

Title

AN EMERGENCY ORDINANCE Authorizing the Directors of Finance and Economic Development to transfer $3,000,000 from the General Fund to Fund Nos. 17 SF 008 and 17 SF 652 for the purpose of making loan and grant agreements for economic development financial assistance and forgivable and non-forgivable loan agreements under the Vacant Property Initiative, both in amounts not to exceed $250,000, authorized under Ordinance No. 90-10, passed February 8, 2010.