Label
DPW031726LEADSERVICELINEREPLACEMENTPROGRAM
Engineering and Construction Management
Jeremy Mikolajczyk (x1537)
Revised
Title
Authorizing the Mayor to apply for and enter into zero interest principal forgiveness financing agreements with the Water Supply Revolving Loan Account (WSRLA), the Ohio Environmental Protection Agency, and the Ohio Water Development Authority (OWDA); authorizing the acceptance, deposit, appropriation, and expenditure of loan proceeds in an amount not to exceed $2,000,000 into the Water Replacement Fund for the Lead Service Line Replacement Project; authorizing the appropriation and expenditure of an amount not to exceed $100,000 from the Water Replacement Fund for the payment of administrative fees and miscellaneous project costs; authorizing the Mayor to accept bids and execute necessary agreements related to the project; and declaring an emergency.
Body
SUMMARY & BACKGROUND:
This Ordinance will fund the replacement of lead and galvanized water service lines on roadway and waterline construction projects in the City of Toledo. This includes both the city side and homeowner side service line. This is a zero percent interest loan of which 53% will be forgiven.
Summary
NOW THEREFORE Be it ordained by the Council of the City of Toledo:
SECTION 1. That the Mayor is authorized to apply for and enter into agreements with the Water Supply Revolving Loan Account (WSRLA), the Ohio Environmental Protection Agency, and the Ohio Water Development Authority (OWDA), and to accept and deposit no interest principal forgiveness loan proceeds of an amount not to exceed $2,000,000 into the Water Replacement Fund, Account Code 663G-35000-4UG1026STDSTD, for the Lead Service Line Replacement Project.
SECTION 2. That an amount not to exceed $2,000,000 is appropriated from the unappropriated loan proceeds in the Water Replacement Fund into Account Code 663G-35000-4UG1026STDSTD; and further authorizing the expenditure of same for th...
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