Label
Amend Toledo Recovery Plan
Finance
M. Campbell (x1252)
Title
Amending the Toledo Recovery Plan to adopt a revised schedule A; and declaring an emergency.
Body
SUMMARY & BACKGROUND:
The City's Toledo Recovery Plan (TRP) was approved by Toledo City Council in December 2021 by Ordinance 530-21. It was subsequently revised in September 2023 by Ordinance 444-23. The TRP outlines the projects the City is completing utilizing federal American Rescue Plan Act (ARPA) funds.
This Ordinance further amends the TRP, as outlined in the attached revised schedule A.
The TRP does but does not authorize the appropriation or expenditure of any funds. Subsequent legislation will continue to be submitted by project for appropriation and expenditure authority.
Summary
NOW THEREFORE Be it ordained by the Council of the City of Toledo:
SECTION 1. That the Section 2 of Ordinance 444-23, which reads as follows
SECTION 2. That a new Section 1 of Ordinance 530-21 adopting a revised schedule A is enacted to read as follows
SECTION 1. Toledo Recovery Plan in the amount of $185,055,783 outlined in the attached revised schedule A is approved.
is repealed.
SECTION 2. That a new Section 2 of Ordinance 444-23 adopting a revised schedule A is enacted to read as follows
SECTION 1. Toledo Recovery Plan in the amount of $185,055,783 outlined in the attached revised schedule A is approved.
SECTION 3. That this Ordinance is declared to be an emergency measure and shall be in force and effect from and after its passage. The reason for the emergency lies in the fact that same is necessary for the immediate preservation of the public peace, health, safety, and property, and for the further reason that this Ordinance must be immediately effective in order to begin the process to administer, obligate and expend the City's American Rescue Plan Act funds timely in accordance with U.S. Department of Treasury regulations.
Vote on emergency clause: yeas...
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