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Buffalo City Council reviews amendment allowing city to advance federal draws to Urban Renewal Agency
Summary
At a special session, councilors discussed and moved to approve an amendment to the agreement between the City of Buffalo and the Buffalo Urban Renewal Agency to allow the city to advance federal drawdowns to the agency; no dollar amounts or recorded vote tallies appeared in the transcript.
The Buffalo City Council held a special session to consider an amendment to the agreement between the City of Buffalo and the Buffalo Urban Renewal Agency that would change how federal funds are drawn down and delivered, allowing the city to advance funds to the agency after drawdown.
Scott Billman, general counsel for the Buffalo Urban Renewal Agency, told the council: "What you have before you for a request for approval is an amendment of, agreement between the City of Buffalo and the City of Buffalo Urban Renewal Agency that modifies the methods that, the federal funds can be drawn down and delivered to the bureau by the city. And the modification is that the city would be able to advance funds to the bureau subsequent to drawdown. And all the all the other terms and conditions of the agreement remain the same." He added the change is intended to provide an additional mechanism to move federal funds efficiently.
The amendment does not list dollar amounts in the text presented to the council. "I guess, I'm just trying to get clarity. Total…
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