Res 1203-2019

By Council Member Dromm Whereas, At a meeting of the Committee on Finance of the City Council of the City of New York (the "City Council") on December 19, 2019, the Committee on Finance considered a communication, dated December 18, 2019, 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 1 (the "Modification"), to modify units of appropriation and transfer city funds in the amount of $983,957,228 in the Fiscal 2020 expense budget as adopted by the Council on June 19, 2019, pursuant to Section 107(b) of the Charter of the City of New York (the "Charter"); and Whereas, pursuant to Section 107(b) of the Charter, the City Council has thirty (30) days after the first stated meeting of the City Council following such receipt within which to act upon the Modification; 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 107(b) 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 file in this office. Clerk of the Council of the City of New York 1