Label
DPW030326AMENDORD49-25OPWCGRANT
Engineering and Construction Management
Christy Soncrant (x2851)
Revised
Title
Amending Ord. 49-25 to accept an additional $125,906 in grant funds from Ohio Public Works Commission (OPWC) for the Sylvania Ave. project; Amending Ord. 49-25 to reduce loan funding by $125,906 for the Sylvania Ave. project; and declaring an emergency.
Body
SUMMARY & BACKGROUND:
An additional $125,906 in grant funding has been allocated by OPWC for the Sylvania Avenue resurfacing project and reduces the loan funding by the same amount; this funding will be added to the Sylvania Avenue project OPWC grant and reduce the OPWC loan that were previously awarded and accepted through Ordinance 49-25. Matching funds will be provided through a TMACOG TIP grant and the Division of Engineering and Construction Management Matches and Planning budget for this project which is scheduled for construction in 2026.
Passage of this ordinance is required to enable the City of Toledo to accept OPWC funding and to proceed with the construction of this project.
Summary
NOW THEREFORE Be it ordained by the Council of the City of Toledo:
SECTION 1. That current Sections 1, 2, 3, and 4 of Ordinance 49-25 which read as follows:
SECTION 1. That the Mayor is authorized to enter into grant agreements with the Ohio Public Works Commission and to accept and deposit grant proceeds in an amount not to exceed $1,718,755 for multiple projects, as follows:
SECTION 2. That an amount not to exceed $1,718,755 is appropriated from the unappropriated grant proceeds in the Capital Improvement Fund into various account codes as listed in Section 1 and the expenditure of same is authorized for the projects in Section 1.
SECTION 3. That the Mayor is authorized to enter into loan agreements with the Ohio Public Works Commission and to accept and deposit loan proceeds in an amount not to exceed $449,527 for multiple projects, as follows:
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