Dept/ Agency: Administration/Office of Management and Budget Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Temporary Emergency Appropriation Purpose: The transformational centerpiece of the planned re-emergence of the Lincoln Park Neighborhood as an artistic, energetic, healthy and empowered community Funding Source: United States Department of Housing and Urban Development (HUD), CPD Congressional Grants Division Appropriation Amount: $3,550,000.00 Budget Year: 2025 Contract Period: Until August 31, 2031 Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale ( x ) Grant ( ) Sub-recipient ( ) n/a Additional Information: Funds accepted by Resolution # Legistar File ID 25-0305, submitted under separate cover by the Department of Administration Operating Agency: Department of Administration Two-Thirds vote of full membership required.