Label
Toledo Recovery Plan Disappropriation
Finance
Melanie Campbell (x1252)
Revised
Title
Authorizing the disappropriation of $6,234,099 from the Local Fiscal Recovery Plan in accordance with the amended Toledo Recovery Plan; and declaring an emergency.
Body
SUMMARY & BACKGROUND:
This Ordinance authorizes the disappropriation of $6,234,099 from the Local Fiscal Recovery Fund to align with the amended Toledo Recovery Plan approved by Ordinance 317-24 passed in September 2024.
Summary
NOW THEREFORE Be it ordained by the Council of the City of Toledo:
SECTION 1. That the disappropriation of $6,234,099 is authorized from the Local Fiscal Recovery Fund from the following Account Codes:
2021-22500-2VISIONZERNEI $99
2021-89800-1129001STDSTD $784,000
2021-34000-422LEADLNEWSB $5,000,000
2021-16100-5WAYMANPALNEI $450,000
SECTION 2. That this Ordinance is declared to be an emergency measure and shall take effect and be in force 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 further reason that the Ordinance must be immediately effective in order to complete disappropriation of Local Fiscal Recovery Funds to complete obligations for other projects in the amended Toledo Recovery Plan.
Vote on emergency clause: yeas 11, nays 0.
Passed: October 9, 2024, as an emergency measure: yeas 11, nays 0.
Attest:
Julie A. Gibbons Carrie Hartman
Clerk of Council President of Council
Approved: October 9, 2024
Wade Kapszukiewicz
Mayor