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PROPOSED RESOLUTION
EMERGENCY RENTAL ASSISTANCE II PROGRAM
WHEREAS, on January 28, 2021, the Cook County Board of Commissioners authorized the Bureau of Economic Development ("BED") to develop a County program for the distribution of the allocated funding to provide aid to eligible Cook County households in compliance with the terms of the Emergency Rental Assistance Program; and
WHEREAS on March 11, 2021, the United States Treasury Department (the "Treasury") under the American Rescue Plan Act of 2021 made available $21.55 Billion to States, U.S. territories, Indian tribes, and local governments for Emergency Rental Assistance II ("ERA II") to assist households who are unable to pay rent and utilities due to the Covid-19 pandemic, of which $75,174,936.50 has been allocated to Cook County, and
WHEREAS, Cook County applied for Emergency Rental Assistance ("ERA II) Grant funding from Treasury of which $75,174,936.50 was awarded to Cook County including the Base Allocation of $57, 610,056.70 and High Need Allocation of $17,564,879.80, and
WHEREAS, on May 14, 2021, Cook County received $23,044,022.68 from Treasury representing 40% of the Base Allocation under ERA II, and on May 20, 2021, Cook County received $7,025,951.92 from Treasury representing 40% of the High Need Allocation under ERA II, and
WHEREAS, Sections 8 and 9 of the Cook County FY 2020 and FY 2021 Annual Appropriations Bill (the "Appropriation Bill") authorize the Cook County Budget Director (the "Budget Director") to make budgetary transfers in an amount equal to or less than $50,000 without advance approval of the Board; and
WHEREAS except for budgetary transfers authorized in Section 8 of the Appropriation Bill, transfers greater than $50,000 that are within and between the Personal Services, Contractual Services, Supplies and Materials, Operation and Maintenance, Rental and Leasing, Capital Equipment, and Improvements, or Contingency or Special Purposes account series require advance a...
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