Preconsidered Res. No. 411
RESOLUTION APPROVING THE MODIFICATION OF THE FISCAL 2015 CAPITAL BUDGET AND CAPITAL PROGRAM PROPOSED BY THE MAYOR PURSUANT TO SECTION 216 OF THE CHARTER OF THE CITY OF NEW YORK.
By Council Member Ferreras
Whereas, at a meeting of the Committee on Finance of the City Council of the City of New York (the "City Council") on September 10, 2014, the Committee on Finance received a communication, dated September 4, 2014, from the Office of Management and Budget of the Mayor of The City of New York (the "Mayor"), of a proposed request, attached hereto as Exhibit A (the "Modification"), to modify the fiscal year 2015 capital budget and the Capital Program as adopted by the Council on June 26, 2014, pursuant to Section 216 of the Charter of the City of New York (the "Charter"); and
Whereas, pursuant to Section of the Charter, upon receipt of a recommendation from the mayor or a Borough President, the City Council may amend the capital budget or capital program in the manner provided in such section;
NOW, THEREFORE, The Council of The City of New York hereby resolves as follows:
1. Approval of Modification. The City Council hereby approves, pursuant to Section 216 of the Charter, the actions proposed by the Mayor as set forth in the Modification.
2. 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 September 10, 2014 on file in this office.
Clerk of The Council of The City of New York