City of Albuquerque - File #: R-22-60

• File #: R-22-60
• Type: Resolution
• Status: Enacted
• File created: 8/1/2022
• In control: City Council
• Final action: 10/3/2022
• Enactment date: 10/18/2022
• Enactment #: R-2022-073
• Title: Approving And Authorizing A Grant Application For, And Acceptance Of, Grant Funds From The Cities For Financial Empowerment Fund, Inc. And Providing An Appropriation To The City Of Albuquerque Legal Department For Fiscal Year 2023 (Pe?a, by request)
• Sponsors: Klarissa J. Peña (By Request)

Date	Action By	Action	Result
10/18/2022	City Clerk	Published
10/18/2022	Mayor	Signed by the Mayor
10/7/2022	City Council	Sent to Mayor for Signature
10/3/2022	City Council	Passed	Pass
9/19/2022	City Council	Accepted with a Recommendation Do Pass
9/12/2022	Finance & Government Operations Committee	Sent to Council with a recommendation of Do Pass	Pass
8/1/2022	City Council	Introduced and Referred
8/1/2022	President	Referred

CITY of ALBUQUERQUE
TWENTY FIFTH COUNCIL


COUNCIL BILL NO. R-22-60 ENACTMENT NO. ________________________

SPONSORED BY: Klarissa Pe?a, by request


RESOLUTION
title
Approving And Authorizing A Grant Application For, And Acceptance Of, Grant Funds From The Cities For Financial Empowerment Fund, Inc. And Providing An Appropriation To The City Of Albuquerque Legal Department For Fiscal Year 2023 (Pe?a, by request) body
APPROVING AND AUTHORIZING A GRANT APPLICATION FOR, AND ACCEPTANCE OF, GRANT FUNDS FROM THE CITIES FOR FINANCIAL EMPOWERMENT FUND, INC. AND PROVIDING AN APPROPRIATION TO THE CITY OF ALBUQUERQUE LEGAL DEPARTMENT FOR FISCAL YEAR 2023.
WHEREAS, the Albuquerque City Council previously approved the City of Albuquerque Legal Department's ("Legal Department") engagement with the Cities for Financial Empowerment Fund, Inc. ("CFE Fund") to further the City's financial empowerment initiatives via resolutions R-18-114, R-19-170, and R-2020-055; and
WHEREAS, the CFE Fund invited the Legal Department to apply for a Bank On Capacity Grant because of the success of its Bank on Burque program and the potential to continue to expand the program's capacity; and
WHEREAS, the Legal Department applied to the CFE Fund for the Bank On Capacity Grant in the amount of $25,000; and
WHEREAS, the CFE Fund Bank On Capacity grant requires no City match or indirect overhead; and
WHEREAS, the Legal Department desires to accept these CFE Fund Bank On Capacity grant funds, if awarded; and
WHEREAS, the funds will be used to improve availability of appropriate low-cost checking accounts without overdraft fees that meet the national Bank On National Account Standards, raise awareness of the program and recruit more financial institutions and community partners to join the Bank On Burque Coalition; and
WHEREAS, as part of the Bank on Capacity grant, the CFE Fund will provide the City with a range of technical assistance services and suppor...