Label
DPU021919TIFTransportationFunding
Division of Engineering Services
Timothy Grosjean (x1344)
Revised
Title
Authorizing the appropriation and expenditure of $1,000,000 from the unappropriated balance of the Franklin Park/Westfield Municipal Public Improvement Tax Increment Fund for two construction projects; and declaring an emergency.
Body
SUMMARY & BACKGROUND:
Ohio Revised Code Sections 5709.40, 5709.42 and 5709.43 provide City Council with the authority to dedicate real estate tax proceeds on specific parcels towards infrastructure improvements in the vicinity of those parcels. In 2004, to improve safety conditions and reduce hazards to vehicular traffic associated with the expansion of the Westfield Mall and Westgate Shopping Center, City Council passed Ordinance 810-04 enabling tax proceeds from properties in these areas to be dedicated to infrastructure improvements in their respective vicinities.
This ordinance authorizes appropriation and expenditure for the construction of roadway improvement projects as follows:
A roadway resurfacing project for Laskey Road from Harvest to Secor and a safety improvement project at the intersection of Laskey and Talmadge.
Summary
NOW, THEREFORE, Be it ordained by the Council of the City of Toledo:
SECTION 1. That the appropriation and expenditure of $1,000,000 is authorized from the unappropriated balance of the Franklin Park/Westfield Municipal Public Improvement Tax Increment Fund to Account Code 5031-35000-8C05045STDSTD for the roadway improvement projects.
SECTION 2. That the mayor and Director of Public Utilities are authorized to prepare plans and specifications, accept bids and execute necessary contracts/agreements for construction of Laskey Road from Harvest to Secor and the intersection of Laskey and Talmadge, including such items as labor, materials, construction testing, permit fees, real estate incidentals and professional services. Said contracts sh...
Click here for full text