Label
Metroparks Toledo Riverwalk
Department of Economic Development
Sehlhorst (x1692)
Revised
Title
Authorizing the appropriation and expenditure of an amount not to exceed $2,000,000 from the Local Fiscal Recovery Fund for the Glass City Riverwalk Project; authorizing the Mayor to enter into an agreement with Metroparks Toledo; and declaring an emergency.
Body
SUMMARY & BACKGROUND:
This Ordinance authorizes the appropriation and expenditure of $2,000,000 from the Local Fiscal Recovery Fund to contribute to the Metroparks Toledo Glass City Riverwalk Project. The Riverwalk Project aims to transform the riverfront along the Maumee River by developing greenspace to provide social and recreational opportunities for Toledoans through more than 5 miles of new mixed-use trails and paths to connect communities on both sides of the river.
The Toledo Recovery Plan, the City's framework for spending federal American Rescue Plan Act (ARPA) funds, was amended by Ordinance 317-24 and includes this new project.
Summary
NOW THEREFORE Be it ordained by the Council of the City of Toledo:
SECTION 1. That the appropriation of $2,000,000 is authorized from the unappropriated balance of the Local Fiscal Recovery Fund to Account Code 2021-16400-5METROPRKSRRP and the expenditure of same is authorized for the Glass City Riverwalk Project.
SECTION 2. That the Mayor is authorized to enter into an agreement with Metroparks Toledo for the purposes authorized in Section 1, upon terms and conditions acceptable to the Director of Economic Development and the Director of Law.
SECTION 3. That the Director of Finance is authorized to draw their warrant or warrants against the Account Code in Section 1 in an amount not to exceed $2,000,000 in payment of the above-authorized obligations upon presentation of the proper voucher or vouchers.
SECTION 4. That this Ordinance is declared to be an emergency measure and shall take effe...
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