Label
FIN LEVY 2023 DT ST-LIGHTS
Taxation and Treasury
R. Martinez (x1653)
Title
Levying special assessments for the improvement of certain streets and public ways in the downtown area of the City by providing street lighting during the calendar year 2023; and declaring an emergency.
Body
SUMMARY & BACKGROUND:
This is the annual Ordinance to levy the assessments for the cost and expense of street lighting in the City of Toledo for the Downtown District for the year ended December 31, 2023. A new Downtown District was established by Resolution No. 15-82 adopted January 26, 1982. The services described in Section 1 have been completed and the final cost of those services has been determined.
Summary
NOW THEREFORE Be it ordained by the Council of the City of Toledo:
SECTION 1. That the revised special assessments for the cost and expense of improving certain streets and other public ways in the Downtown Area of the City by providing street lighting during the calendar year 2023, pursuant to Ordinance No. 635-22, passed December 20, 2022, amounting in the aggregate to ($94,962) Ninety-four Thousand, Nine Hundred Sixty-two Dollars, which were filed with the Clerk of Council on June 28, 2024, and are now on file in her office, are adopted and confirmed. Those special assessments are levied and assessed upon the lots and lands bounding and abutting on the streets and public ways of this City described in Ordinance No. 635-22 in the respective amounts set forth in the schedule of revised assessments on file, which assessments are in proportion to the special benefits and are not in excess of any applicable limitation.
SECTION 2. That the special assessment against each lot or parcel of land shall be payable in cash within 30 days after the passage of this Ordinance, or at the option of the owner in one annual installment (two semi-annual installments) with interest at the same effective fixed rate as borne by the notes issued in anticipation of the c...
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