City of Albuquerque - File #: R-19-170

• File #: R-19-170
• Type: Resolution
• Status: Enacted and Published
• File created: 6/17/2019
• In control: City Council
• Final action: 6/17/2019
• Enactment date: 7/9/2019
• Enactment #: R-2019-050
• Title: Approving And Authorizing The Acceptance Of Grant Funds From The Cities For Financial Empowerment Fund, Inc. And Providing An Appropriation To The Legal Department For Fiscal Years 2019 And 2020 (Pe?a, by request)
• Sponsors: Klarissa J. Peña (By Request)

Date	Action By	Action	Result
7/9/2019	City Clerk	Published
7/2/2019	Mayor	Signed by the Mayor
6/27/2019	City Council	Sent to Mayor for Signature
6/17/2019	City Council	Introduced (Immediate Action Requested)
6/17/2019	President	Immediate Action Requested
6/17/2019	City Council	Passed	Pass

CITY of ALBUQUERQUE
TWENTY THIRD COUNCIL


COUNCIL BILL NO. R-19-170 ENACTMENT NO. ________________________

SPONSORED BY: Klarissa J. Pe?a, by request


RESOLUTION
title
Approving And Authorizing The Acceptance Of Grant Funds From The Cities For Financial Empowerment Fund, Inc. And Providing An Appropriation To The Legal Department For Fiscal Years 2019 And 2020 (Pe?a, by request)
body
APPROVING AND AUTHORIZING THE ACCEPTANCE OF GRANT FUNDS FROM THE CITIES FOR FINANCIAL EMPOWERMENT FUND, INC.
AND PROVIDING AN APPROPRIATION TO THE LEGAL DEPARTMENT
FOR FISCAL YEARS 2019 AND 2020.
WHEREAS, the Albuquerque City Council previously approved the engagement of the Legal Department's Office of Equity and Inclusion with the Cities for Financial Empowerment Fund, Inc. ("CFE Fund") under the CityStart Initiative via R-18-114; and
WHEREAS, as a result of that engagement, the CFE Fund invited the Legal Department to apply to participate in its Consumer Financial Protection Initiative; and
WHEREAS, the Legal Department submitted a letter of interest to the CFE Fund, and the CFE Fund has selected the City of Albuquerque's Legal Department as a recipient of $125,000 in grant funding over the course of two (2) years to consider how the City might address issues of consumer financial protection that impact the City's residents; and
WHEREAS, there has been a decrease in both federal and state consumer advocacy and consumer financial protection; and
WHEREAS, consumer financial protection is a vital anti-poverty tool; and
WHEREAS, as part of the Consumer Financial Protection Initiative, the CFE Fund will provide the City with a range of technical assistance services and support as part of an on-going learning community; and
WHEREAS, a number of other widely recognized cities in the United States, such as Denver, Colorado and Salt Lake City, Utah, are already participating in the CFE Fund Consumer Financial Protection Initiative; and...