Board of Estimate & Contract
RESOLVED that an ordinance adopted by the City Council on November 21, 2023, and signed by the Mayor on November 22, 2023, authorizing the Mayor to accept a grant in the amount of $150,000.00 from Cities for Financial Empowerment Fund and execute a technical assistance service agreement with said organization to establish the Mount Vernon Financial Empowerment Center within the City of Mount Vernon, be and the same is hereby approved.
City Council
AN ORDINANCE AUTHORIZING THE MAYOR
TO ACCEPT A GRANT FROM CITIES AND EXECUTE
A TECHNICAL ASSISTANCE SERVICE AGREEMENT
FOR THE ESTABLISHMENT OF THE MOUNT
VERNON FINANCIAL EMPOWERMENT CENTER
WHEREAS, by letter dated November 14, 2023, the Commissioner of the Department of Planning and Community Development has requested legislation be enacted authorizing the Mayor to accept a grant from Cities for Financial Empowerment Fund in the amounts of $150,000 and execute a technical assistance service agreement with said organization to establish the Mount Vernon Financial Empowerment Center within the City of Mount Vernon; and
WHEREAS, the City of Mount Vernon has prepared an implementation proposal to establish and operate a Financial Empowerment Center (FEC) in collaboration with Cities for Financial Empowerment Fund (CFEF) and Mercy University; and
WHEREAS, the City has participated in a year-long process to prepare the FEC implementation proposal, requesting a grant of $150,000 from Cities for Financial Empowerment Fund to support the operation of the FEC; and
WHEREAS, in anticipation of receiving the grant, the City requests approval to enact legislation authorizing the Mayor to accept the grant and execute a technical assistance service agreement with Cities for Financial Empowerment Fund; and
WHEREAS, the FEC will provide free, professional, one-on-one financial counseling and coaching to ...
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