Label
DPU110525REPEALORD464-25
Division of Water Treatment
J. Goetz (x2399)
Revised
Title
Repealing in its entirety Ord. 464-25 which authorized the Mayor to apply for and enter into loan agreements with the Water Supply Revolving Loan Account for the Distribution System Improvements Project; and declaring an emergency.
Body
SUMMARY & BACKGROUND:
On October 7, 2025 Toledo City Council passed Ord 464-25 authorizing the Mayor to apply and enter into a $75,000,000 loan agreement with the Water Supply Revolving Loan Account. After the project was put out for bid and no bids were received, it was reviewed by industry experts familiar with the project and determined that the project cost estimates would be closer to $95,000,000.
Summary
NOW THEREFORE Be it ordained by the Council of the City of Toledo:
SECTION 1. That Ord. 464-25 is hereby repealed in its entirety.
SECTION 2. That this Ordinance is declared to be an emergency measure and shall take effect and be in force immediately 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 to repeal and make null and void Ord. 464-25.
Vote on emergency clause: yeas _____, nays _____.
Passed: _________________, as an emergency measure: yeas _____, nays _____.
Attest: ________________________ __________________________________
Clerk of Council President of Council
Approved: _____________________ __________________________________
Mayor
I hereby certify that the above is a true and correct copy of an Ordinance passed by Council ________________________.
Attest: ________________________
Clerk of Council