Label
DPU100918PaineandFassett
Toledo Waterways Initiative
Julie Cousino (x3671)
(Revised)
Title
Authorizing the mayor to apply for, enter into agreements, accept and deposit loan proceeds from the Ohio Public Works Commission (OPWC) into the Sanitary Sewer Replacement Loan Fund for the Toledo Waterways Initiative Paine and Fassett Regulators Modification Project; authorizing the appropriation and expenditure of Loan proceeds from the Sanitary Sewer Replacement Loan Fund in an amount not to exceed $80,791; authorizing a dedicated source for repayment of said loan; and declaring an emergency.
Body
SUMMARY & BACKGROUND:
This ordinance authorizes the mayor to apply for, enter into agreements, accept and deposit up to an $80,791 loan from the OPWC for the TWI Paine and Fassett Regulators Modification Project. It further dedicates a source of funds for repayment of the loan. Ordinance 168-18 authorized the mayor to apply for a Water Pollution Control Fund loan and OPWC grant for said project. The OPWC has since had to substitute loan funding for some of the grant funding, necessitating this ordinance to accept the loan funding. This project is mandated by the Consent Decree between the city and USEPA as part of Toledo Waterways Initiative (TWI) Long-Term Control Plan (LTCP) to reduce CSOs to the Maumee River (Paine Regulator Modifications C/CPs; Fassett Regulator Modifications C/CPs).
Summary
NOW, THEREFORE, Be it ordained by the Council of the City of Toledo:
SECTION 1. That the mayor is authorized to apply for, enter into agreements and accept a loan from the OPWC and deposit said loan proceeds in an amount not to exceed $80,791 into the Sanitary Sewer Replacement Fund, Account Code 673L-36000-4XL0918STDSTD (Paine and Fassett Regulators Modification Project).
SECTION 2. That an amount not to exceed $80,791 is appropriated from the unappropriated loan proceeds in the Sanitary Sewer Replacement Fund into Account Code 673L-36000-4XL0918STDST...
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