Label
Downtown Improvement District - Inclusion and Assessment of City Parcels
Department of Law
Paul F. Syring (x1020)
Revised
Title
Authorizing the Mayor to execute and deliver a petition in support of and in furtherance of the Downtown Toledo Improvement District; authorizing the inclusion of certain City-owned properties within the proposed District; authorizing the assessment of said properties; authorizing the annual expenditure of an amount not to exceed $57,991 per year from the General Fund for a period of 5 years; and declaring an emergency.
Body
SUMMARY & BACKGROUND:
The Board of the Downtown Toledo Improvement District has requested the City include certain City-owned properties as part of its proposed amended Articles of Incorporation, Services Plan, Budget. There are a total of 39 City-owned properties. The total estimated assessment, which includes 1% fee by the County, is $57,991 per year for 5 years. It is found and determined that the inclusion of these properties within the District and the assessment of these properties is in the best interests of the District and the City.
Summary
NOW THEREFORE Be it ordained by the Council of the City of Toledo:
SECTION 1. That the Mayor is authorized to execute and deliver a petition for the inclusion of the following 39 identified City of Toledo properties within the Downtown Toledo Improvement District (“District”) at the estimated yearly total assessment as indicated:
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(1) |
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ASSESSED FOOTAGE |
ASSESSED VALUE |
YEARLY TOTAL ASSESSMENT |
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TD |
PARCEL |
PROPERTY ADDRESS |
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15 |
47357 |
700 WATER ST |
172 |
$25,200 |
$579 |
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(2) |
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ASSESSED FOOTAGE |
ASSESSED VALUE |
YEARLY TOTAL ASSESSMENT |
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TD |
PARCEL |
PROPERTY ADDRESS |
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15 |
47354 |
708 WATER ST |
21 |
$17,220 |
$140 |
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(3) |
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ASSESSED FOOTAGE |
ASSESSED VALUE |
YEARLY TOTAL ASSESSMENT |
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TD |
PARCEL |
PROPERTY ADDRESS |
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12 |
25304 |
1 SEAGATE R |
0 |
$832,510 |
$4,047 |
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(4) |
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ASSESSED FOOTAGE |
ASSESSED VALUE |
YEARLY TOTAL ASSESSMENT |
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TD |
PARCEL |
PROPERTY ADDRESS |
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12 |
25307 |
1 DISCOVERY WAY/COR OF SUMMIT & R |
0 |
$334,215 |
$1,625 |
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(5) |
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ASSESSED FOOTAGE |
ASSESSED VALUE |
YEARLY TOTAL ASSESSMENT |
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TD |
PARCEL |
PROPERTY ADDRESS |
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12 |
25243 |
320 WATER ST |
0 |
$53,655 |
$261 |
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(6) |
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ASSESSED FOOTAGE |
ASSESSED VALUE |
YEARLY TOTAL ASSESSMENT |
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TD |
PARCEL |
PROPERTY ADDRESS |
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12 |
25087 |
224 WATER ST |
40 |
$809,550 |
$4,041 |
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(7) |
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ASSESSED FOOTAGE |
ASSESSED VALUE |
YEARLY TOTAL ASSESSMENT |
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TD |
PARCEL |
PROPERTY ADDRESS |
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12 |
24997 |
120 WATER ST |
91 |
$153,440 |
$989 |
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(8) |
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ASSESSED FOOTAGE |
ASSESSED VALUE |
YEARLY TOTAL ASSESSMENT |
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TD |
PARCEL |
PROPERTY ADDRESS |
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12 |
13754 |
1 WORLD TRADE CENTER |
405 |
$10,500 |
$1,127 |
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(9) |
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ASSESSED FOOTAGE |
ASSESSED VALUE |
YEARLY TOTAL ASSESSMENT |
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TD |
PARCEL |
PROPERTY ADDRESS |
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18 |
71424 |
1 WORLD TRADE CENTER |
192 |
$8,470 |
$550 |
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(10) |
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ASSESSED FOOTAGE |
ASSESSED VALUE |
YEARLY TOTAL ASSESSMENT |
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TD |
PARCEL |
PROPERTY ADDRESS |
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18 |
71414 |
1 WORLD TRADE CENTER |
132 |
$1,890 |
$359 |
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(11) |
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ASSESSED FOOTAGE |
ASSESSED VALUE |
YEARLY TOTAL ASSESSMENT |
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TD |
PARCEL |
PROPERTY ADDRESS |
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18 |
71457 |
1 S SUMMIT ST |
130 |
$1,750 |
$354 |
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(12) |
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ASSESSED FOOTAGE |
ASSESSED VALUE |
YEARLY TOTAL ASSESSMENT |
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TD |
PARCEL |
PROPERTY ADDRESS |
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18 |
71484 |
13 S SUMMIT ST |
53 |
$1,645 |
$150 |
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(13) |
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ASSESSED FOOTAGE |
ASSESSED VALUE |
YEARLY TOTAL ASSESSMENT |
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TD |
PARCEL |
PROPERTY ADDRESS |
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18 |
71471 |
17 S SUMMIT ST |
58 |
$4,445 |
$176 |
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(14) |
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ASSESSED FOOTAGE |
ASSESSED VALUE |
YEARLY TOTAL ASSESSMENT |
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TD |
PARCEL |
PROPERTY ADDRESS |
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18 |
71477 |
21 S SUMMIT ST |
99 |
$7,455 |
$299 |
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(15) |
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ASSESSED FOOTAGE |
ASSESSED VALUE |
YEARLY TOTAL ASSESSMENT |
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TD |
PARCEL |
PROPERTY ADDRESS |
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18 |
71487 |
39 S SUMMIT ST |
167 |
$10,885 |
$497 |
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(16) |
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ASSESSED FOOTAGE |
ASSESSED VALUE |
YEARLY TOTAL ASSESSMENT |
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TD |
PARCEL |
PROPERTY ADDRESS |
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18 |
71467 |
13 S SUMMIT ST |
49 |
$1,435 |
$136 |
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(17) |
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ASSESSED FOOTAGE |
ASSESSED VALUE |
YEARLY TOTAL ASSESSMENT |
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TD |
PARCEL |
PROPERTY ADDRESS |
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18 |
71491 |
45 S SUMMIT ST |
63 |
$5,460 |
$193 |
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(18) |
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ASSESSED FOOTAGE |
ASSESSED VALUE |
YEARLY TOTAL ASSESSMENT |
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TD |
PARCEL |
PROPERTY ADDRESS |
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12 |
16527 |
414 ADAMS ST |
73 |
$63,105 |
$502 |
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(19) |
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ASSESSED FOOTAGE |
ASSESSED VALUE |
YEARLY TOTAL ASSESSMENT |
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TD |
PARCEL |
PROPERTY ADDRESS |
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12 |
16534 |
424 ADAMS ST |
126 |
$35,350 |
$507 |
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(20) |
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ASSESSED FOOTAGE |
ASSESSED VALUE |
YEARLY TOTAL ASSESSMENT |
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TD |
PARCEL |
PROPERTY ADDRESS |
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15 |
47854 |
406 N SUPERIOR ST |
32 |
$16,275 |
$164 |
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(21) |
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ASSESSED FOOTAGE |
ASSESSED VALUE |
YEARLY TOTAL ASSESSMENT |
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TD |
PARCEL |
PROPERTY ADDRESS |
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15 |
47847 |
412 N SUPERIOR ST |
43 |
$50,190 |
$358 |
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(22) |
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ASSESSED FOOTAGE |
ASSESSED VALUE |
YEARLY TOTAL ASSESSMENT |
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TD |
PARCEL |
PROPERTY ADDRESS |
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15 |
47851 |
416 N SUPERIOR ST |
21 |
$22,645 |
$165 |
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(23) |
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ASSESSED FOOTAGE |
ASSESSED VALUE |
YEARLY TOTAL ASSESSMENT |
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TD |
PARCEL |
PROPERTY ADDRESS |
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15 |
47844 |
422 N SUPERIOR ST |
75 |
$76,195 |
$570 |
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(24) |
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ASSESSED FOOTAGE |
ASSESSED VALUE |
YEARLY TOTAL ASSESSMENT |
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TD |
PARCEL |
PROPERTY ADDRESS |
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12 |
14834 |
435 N ST CLAIR ST |
368 |
$330,960 |
$2,588 |
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(25) |
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ASSESSED FOOTAGE |
ASSESSED VALUE |
YEARLY TOTAL ASSESSMENT |
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TD |
PARCEL |
PROPERTY ADDRESS |
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12 |
15204 |
514 MONROE ST |
7 |
$12,810 |
$82 |
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(26) |
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ASSESSED FOOTAGE |
ASSESSED VALUE |
YEARLY TOTAL ASSESSMENT |
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TD |
PARCEL |
PROPERTY ADDRESS |
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12 |
15451 |
125 N SUPERIOR ST |
9 |
$7,455 |
$60 |
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(27) |
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ASSESSED FOOTAGE |
ASSESSED VALUE |
YEARLY TOTAL ASSESSMENT |
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TD |
PARCEL |
PROPERTY ADDRESS |
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18 |
71871 |
401 S ERIE ST |
405 |
$744,800 |
$4,697 |
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(28) |
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ASSESSED FOOTAGE |
ASSESSED VALUE |
YEARLY TOTAL ASSESSMENT |
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TD |
PARCEL |
PROPERTY ADDRESS |
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16 |
21321 |
390 S ERIE ST |
347 |
$28,175 |
$1,059 |
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(29) |
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ASSESSED FOOTAGE |
ASSESSED VALUE |
YEARLY TOTAL ASSESSMENT |
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TD |
PARCEL |
PROPERTY ADDRESS |
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16 |
21378 |
127 TECUMSEH ST |
11 |
$455 |
$30 |
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(30) |
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ASSESSED FOOTAGE |
ASSESSED VALUE |
YEARLY TOTAL ASSESSMENT |
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TD |
PARCEL |
PROPERTY ADDRESS |
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14 |
20948 |
348 S ERIE ST |
1604 |
$619,675 |
$7,274 |
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(31) |
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ASSESSED FOOTAGE |
ASSESSED VALUE |
YEARLY TOTAL ASSESSMENT |
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TD |
PARCEL |
PROPERTY ADDRESS |
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12 |
17334 |
37 VANCE ST |
26 |
$980 |
$73 |
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(32) |
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ASSESSED FOOTAGE |
ASSESSED VALUE |
YEARLY TOTAL ASSESSMENT |
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TD |
PARCEL |
PROPERTY ADDRESS |
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|
18 |
00039 |
0 |
172 |
$700 |
$462 |
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(33) |
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ASSESSED FOOTAGE |
ASSESSED VALUE |
YEARLY TOTAL ASSESSMENT |
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TD |
PARCEL |
PROPERTY ADDRESS |
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18 |
00038 |
0 |
953 |
$6,475 |
$2,563 |
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(34) |
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ASSESSED FOOTAGE |
ASSESSED VALUE |
YEARLY TOTAL ASSESSMENT |
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TD |
PARCEL |
PROPERTY ADDRESS |
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12 |
16246 |
810 WASHINGTON ST |
331 |
$341,565 |
$2,540 |
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(35) |
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ASSESSED FOOTAGE |
ASSESSED VALUE |
YEARLY TOTAL ASSESSMENT |
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TD |
PARCEL |
PROPERTY ADDRESS |
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07 |
44904 |
1810 MADISON AVE |
1154 |
$89,320 |
$3,500 |
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(36) |
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ASSESSED FOOTAGE |
ASSESSED VALUE |
YEARLY TOTAL ASSESSMENT |
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TD |
PARCEL |
PROPERTY ADDRESS |
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14 |
55959 |
1 DISCOVERY WAY/COR OF SUMMIT |
102 |
$1,591,415 |
$8,006 |
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(37) |
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ASSESSED FOOTAGE |
ASSESSED VALUE |
YEARLY TOTAL ASSESSMENT |
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TD |
PARCEL |
PROPERTY ADDRESS |
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14 |
55956 |
408 SUMMIT ST |
70 |
$913,185 |
$4,625 |
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(38) |
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ASSESSED FOOTAGE |
ASSESSED VALUE |
YEARLY TOTAL ASSESSMENT |
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TD |
PARCEL |
PROPERTY ADDRESS |
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|
14 |
55968 |
408 SUMMIT ST |
298 |
$213,220 |
$1,829 |
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(39) |
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ASSESSED FOOTAGE |
ASSESSED VALUE |
YEARLY TOTAL ASSESSMENT |
|
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TD |
PARCEL |
PROPERTY ADDRESS |
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|
14 |
55969 |
408 SUMMIT ST |
307 |
$0 |
$815 |
SECTION 2. That, subject appropriations, the annual expenditure of an amount not to exceed $57,991 is authorized as from the General Fund, Account Code 1001-16400-5000436STDSTD, in payment of the assessments listed in Section 1.
SECTION 3. That the Director of Finance is authorized to draw his warrant or warrants against the above-listed Account Code upon presentation of the proper voucher or vouchers.
SECTION 4. That this Council accepts and confirms inclusion of the properties listed in Section 1 in the District, which pursuant to Chapter 1702 and Chapter 1710 of the Revised Code to be governed by the Corporation and that this Council finds and determines that the inclusion of the properties are conducive to the public health, convenience and welfare of the City and its inhabitants and the properties of the City so identified are specially benefited by the inclusion within the District and the assessment.
SECTION 5. That this Council finds and determines that all formal actions of this Council and any of its Committees concerning and relating to the adoption of this Ordinance were taken, and all deliberations of this Council or any of its committees which resulted in such formal actions were held in meetings open to the public, and in compliance with all legal requirements including those of Section 121.22 of the Revised Code.
SECTION 6. That this Ordinance is declared to be an emergency measure and shall take effect and be in force from and after its adoption. 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 further reason that immediate action is necessary in order to protect the environment of the City, as well as provide and enable the timely levying, certification and collection of the special assessment for the provision of the services and benefits identified in the District Plan.
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