File #: O-185-24    Version: 1 Name:
Type: Ordinance Status: Approved
File created: 4/16/2024 In control: Finance Department
On agenda: 5/8/2024 Final action: 5/8/2024
Title: Authorizing the appropriation of $240,000 from the Capital Improvement Fund for the 1% for the Arts; and declaring an emergency.
Attachments: 1. Video: City Council 5/8/2024, 2. Video: City Council 4/24/2024

 

Label

1% for the Arts Additional Appropriation

Finance

M. Campbell (x1252)

 

Title

Authorizing the appropriation of $240,000 from the Capital Improvement Fund for the 1% for the Arts; and declaring an emergency.

 

Body

SUMMARY & BACKGROUND:

The approved Capital Improvement Budget appropriated $261,276 for the 1% for the Arts program in fiscal year 2024. This ordinance authorizes the additional appropriation of $240,000 for a total of $501,276 for the 1% for the Arts program in 2024. Subsequent legislation will be presented to authorize the expenditure of funds.

 

Summary

NOW THEREFORE Be it ordained by the Council of the City of Toledo:

 

                     SECTION 1. That the appropriation of $240,000 is authorized from the unappropriated balance of the Capital Improvement Fund to Account Code 5040-40100-8CP1PERFORART for the annual 1% for the Arts program.

 

                     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 the same is necessary for the immediate preservation of the public peace, health, safety and property, and for the further reason that it must be immediately effective in order to appropriate additional funds for the 1% for the Arts program in conjunction with proposed changes to related Toledo Municipal Code sections.

 

Vote on emergency clause:  yeas 11, nays 0.

 

Passed:  May 8, 2024, as an emergency measure:  yeas 11, nays 0.

 

Attest:                                          

Julie A. Gibbons                                          Carrie Hartman

Clerk of Council                                          President of Council

 

Approved:                                                               May 8, 2024

Wade Kapszukiewicz

Mayor