Label
DPU012820LEADSERVICELOAN
Utilities Administration
Edward Moore (x1845)
(Revised)
Title
Authorizing the appropriation of $300,000 from the unappropriated balance of the Water Replacement Fund and operating transfer of same into the Water Operating Fund; authorizing the appropriation of an amount not to exceed $300,000 from the Water Operating Fund; authorizing the expenditure in an amount not to exceed $300,000 from the Water Operating fund to fund the privately owned lead service line Lead Service Replacement Loan program; and declaring an emergency.
Body
SUMMARY & BACKGROUND:
This ordinance funds a customer assistance loan program to aid residential water customers in need of financial assistance to maintain necessary utility services. The loan program will provide a one-time zero percent loan to residential water customers, not to exceed $2,000, for the sole purpose of replacing the privately owned lead service line and future appropriations will be included in future DPU operational budgets.
The fiscal impact of this ordinance is as follows:
- The amount of funds requested: $300,000
- The expenditure budget line item: 6060/31000/558510/4000506STDSTD
- New revenue generated (operational revenue, grants, if any): none
- Revenue budget line item (if any): n/a
- Are funds budgeted in the current fiscal year (yes/no)?: yes
- Is this a capital project (yes/no)? no
- If yes, is it new or existing (new/existing)? n/a
- What section of the City's Strategic Plan does this support:
o Excellence in Basic Services (yes/no) yes
o Quality Community Investment (Livable City, Development) (yes/no) yes
o Workplace Culture & Customer Service (yes/no) yes
o Environment (yes/no) yes
Summary
NOW, THEREFORE, Be it ordained by the Council of the City of Toledo:
SECTION 1. That an amount not to exceed $300,000 is appropriated from the unappropriated balance of the Water Replacement Fund to Account Code 6063-31000-558100-4000506STDSTD and the ...
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