Label
Revised 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 creation of the Revised 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 $6,921.74 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 and restated Articles of Incorporation, Services Plan, Budget. The four City-owned properties are 435 N. St. Clair Street; 243 N. Huron Street; 706 Madison Avenue; and 120 Water Street. The total estimated assessment, which includes 1% fee by the County, is $6,921.74 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 revised District and the City.
The fiscal impact of this ordinance is as follows:
- The amount of funds requested: $6,921.74
- The expenditure budget line item: 1001-16400-5000436STDSTD
- New revenue generated (operational revenue, grants, if any): none
- Revenue budget line item (if any): none
- Are funds budgeted in the current fiscal year (yes/no)?: no
- 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) no
o Environment (yes/no) no
Summary
NOW, THEREFORE, Be it ordained by the Council of the...
Click here for full text