Label
Hensville Festival Street Infrastructure Improvement
Economic Development
B. Sehlhorst (x1692)
Revised
Title
Authorizing the Mayor to enter into a grant agreement with the Toledo Mud Hens Baseball Club, Inc. for improvements necessary to support the Hensville Festival Street Project on St. Clair Street, between Monroe Street and Washington Street; authorizing the appropriation and expenditure of an amount not to exceed $50,000 from the City Center Tax Increment Financing Municipal Fund; and declaring an emergency.
Body
SUMMARY & BACKGROUND:
In 2016, the Toledo Mud Hens opened the Hensville Entertainment District which transformed historic buildings on St. Clair Street near Fifth Third Field into a vibrant entertainment district featuring restaurants, event spaces, offices, rooftop patios, and Hensville Park. Given the success of the project, the Mud Hens is seeking to enhance the district by transforming St. Clair Street into a festival street that can be used by fans for pre- and post-game activities.
In order for the Mud Hens to construct the proposed gateways at the entrances to the St. Clair Festival Street, infrastructure improvements are needed at the St. Clair and Monroe Street intersection.
Summary
NOW THEREFORE Be it ordained by the Council of the City of Toledo:
SECTION 1. That the Mayor is authorized to enter into a grant agreement with the Toledo Mud Hens Baseball Club, Inc. related to roadway improvements on St. Clair Street, between Monroe Street and Washington Street, upon such terms and conditions shall be approved by the Director of Economic Development, Director of Transportation and the Director of Law.
SECTION 2. That the amount of $50,000 is appropriated from the unappropriated balance of the City Center Tax Increment Financing Municipal Fund to Account Code 5035-16400-5661001STDSTD, and the expenditure of the same is authorized for reimbursement of eligible expenses associated with infrastructure improvements to St. Clair Street in support the Hensville Festival Street Project.
SECTION 3. That the Finance Director is authorized to issue their warrant or warrants against the Account Code identified in Section 2 in amounts not to exceed $50,000 in payment of the obligations incurred pursuant to the contracts authorized in Section 1 upon presentation of the proper voucher or vouchers.
SECTION 4. That this Ordinance is declared to be an emergency measure and shall take effect and be in force from and after its passage. The reason for the emergency lies in the fact that this Ordinance is necessary for the immediate preservation of the public peace, health, safety and property, and for the further reason that this Ordinance must be immediately effective to provide funding for the infrastructure project.
Vote on emergency clause: yeas _____, nays _____.
Passed: _________________, as an emergency measure: yeas _____, nays _____.
Attest: ________________________ __________________________________
Clerk of Council President of Council
Approved: _____________________ __________________________________
Mayor
I hereby certify that the above is a true and correct copy of an Ordinance passed by Council ________________________.
Attest: ________________________
Clerk of Council