Res. No. 432
RESOLUTION APPROVING THE FISCAL YEAR 2005 COMMUNITY DEVELOPMENT PROGRAM, REALLOCATION OF THIRTIETH YEAR COMMUNITY DEVELOPMENT FUNDS, AND THE PROPOSED THIRTY FIRST YEAR COMMUNITY DEVELOPMENT PROGRAM.
By Council Member Weprin:
RESOLVED, That the Council of the City of New York hereby approves, as modified the proposed Community Development Budget and Program for Fiscal Year 2005 as submitted by the Mayor on April 26, 2004, in accordance with the schedule of changes contained in the attached committee report; and be it further
RESOLVED, That the Council of the City of New York hereby approves the proposed reallocation of Thirtieth Year Community Development Funds as submitted by the Mayor on April 26, 2004, in accordance with the schedule of changes contained in the attached committee report; and be it further
RESOLVED, That the Council of the City of New York hereby will have the opportunity to review the allocation as part of the Fiscal Year 2005 budget adoption, of that portion of the Thirty First Year Community Development Budget (one-half of the anticipated entitlement grant amount, as well as the remainder of all other sources) that will be scheduled to be spent in Fiscal Year 2006 and not Fiscal Year 2005.