Label
All Council Members
Title
Levying special assessments for the City School District of the City of Toledo, Lucas County, and The Young Men's Christian Association of Greater Toledo; and declaring an emergency.
Summary
SUMMARY & BACKGROUND:
The City of Toledo, City of Oregon, City of Maumee, City of Northwood, Township of Monclova, Township of Springfield, Township of Swanton, and Township of Sylvania and the Toledo-Lucas County Port Authority ("Port Authority") have partnered to create an Energy Special Improvement District ("District") under Ohio Revised Code Chapter 1710 and a non-profit corporation, known as the Northwest Ohio Advanced Energy Improvement District ("Corporation"), to govern the District. Property owners within the District are permitted to make certain "energy efficiency improvements" to their properties, which constitute a "special energy improvement project", and pay for the cost of the special energy improvement project by way of special assessments in accordance with the process set out in Chapters 727 and 1710 of the Ohio Revised Code. Revised Code Section 1710.01(G) provides that special energy improvement projects (including energy efficiency improvements) constitute public improvements and are therefore subject to special assessments.
The [TW1]City School District of the City of Toledo, Lucas County (the "Owner") is the owner of 100% of the property described on Exhibit A attached hereto (the "Property"). The Property is currently leased by The Young Men's Christian Association of Greater Toledo, an Ohio non-profit corporation ("Lessee") (jointly together, "Petitioners"). The Petitioners have executed an Energy Project Agreement (the "Agreement") with the Corporation. A copy of the Agreement is attached to the Petitions as Exhibit C.
Pursuant to the Agreement, and upon Application to the Corporation for membership and financing of special energy improvement projects to the properties; the Port Authority, Corpora...
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