File #: Res 0734-2004    Version: * Name: M 414 - Appropriate new revenues of $ 553.6 in FY'05 (MN - 2)
Type: Resolution Status: Adopted
Committee: Committee on Finance
On agenda: 12/15/2004
Enactment date: Law number:
Title: RESOLUTION APPROVING A MODIFICATION PURSUANT TO SECTION 107(E) OF THE CHARTER OF THE CITY OF NEW YORK.
Sponsors: David I. Weprin
Council Member Sponsors: 1
Attachments: 1. Memorandum, 2. Committee Report, 3. Heairng Transcript - Stated Meeting 12/15/04

Res. No. 734

                                                                                                                              

By Council Member Weprin

 

RESOLUTION APPROVING A MODIFICATION PURSUANT TO SECTION 107(E) OF THE CHARTER OF THE CITY OF NEW YORK.

 

                     Whereas, on December 15th, 2004, the Committee on Finance of the City Council received a communication, dated December 14th, 2004, from the Mayor's Office of Management and Budget, of a proposed request to recognize a net increase in revenue pursuant to Section 107(e) of the Charter of the City of New York, attached hereto as Exhibit A (the "Request to Appropriate"); and

 

                     Whereas, Section 107(e) of the Charter requires the City Council and the Mayor to follow the procedures and required approvals pursuant to Sections 254, 255 and 256 of the Charter, without regard to the dates specified therein, in the case of the proposed appropriation of any new revenues and the creation of new units of appropriation; and

 

                     Whereas, Section 107(e) of the Charter requires that any request by the Mayor respecting an amendment of the budget that involves a increase in the budget shall be accompanied by a statement of the source of current revenues or other identifiable and currently available funds required for the payment of such additional amounts, attached hereto as Exhibit B (together with the Request to Appropriate, the "Revenue Modification");

 

                     NOW, THEREFORE, the Council of the City of New York hereby resolves as follows:

 

                     1. Approval of Modification.  The City Council hereby approves the Revenue Modification pursuant to Section 107(e) of the Charter.

 

                     2.  Further Actions.  The City Council directs the City Clerk to forward a certified copy of this resolution to the Mayor and the Comptroller as soon as practicable so that the Mayor, the Comptroller and the City Clerk may certify the Fiscal 2005 Expense Budget as amended by this resolution as the budget for the remainder of the fiscal year.

 

                     3. Effective Date. This resolution shall take effect as of the date hereof.

 

I hereby certify that the foregoing is a true and complete copy of a resolution adopted by the Council of the City of New York on _______________ on file in this office.

 

                                                                                                                                                                        ______________________________

                                                                                                                                                                        Clerk of The Council of The City                                                                                                                                                                                              of New York