Label
Glass City River Wall
Office of the Mayor
Gretchen DeBacker ext. 1600
Title
Authorizing the expenditure of $100,000 from the General Fund for the Glass City River Wall mural; authorizing the Mayor to enter into an agreement with the Toledo Community Foundation; and declaring an emergency.
Body
SUMMARY & BACKGROUND:
The 2021 general fund operating budget includes funds for a contribution towards the Glass City River Wall mural. The mural will be on the silos at the port and will be completed in time for Solheim Cup. The total mural cost is $600,000, with the City contributing $100,000 of this total. Funds will be paid to the Toledo Community Foundation.
The fiscal impact of this ordinance is as follows:
- The amount of funds requested: $100,000
- The expenditure budget line item: 1001-60500-7000301STDSTD
- New revenue generated (operational revenue, grants, if any): none
- Revenue budget line item (if any): none
- Are funds budgeted in the current fiscal year (yes/no)?: yes
- Is this a capital project (yes/no)? no
- If yes, is it new or existing (new/existing)? N/A
- What section of the City's Strategic Plan does this support:
o Excellence in Basic Services (yes/no) no
o Quality Community Investment (Livable City, Development) (yes/no) yes
o Workplace Culture & Customer Service (yes/no) no
o Environment (yes/no) no
Summary
NOW, THEREFORE, Be it ordained by the Council of the City of Toledo:
SECTION 1. That an expenditure of $100,000 is authorized from the General Fund, Account Code 1001-60500-7000301STDSTD for payment to the Toledo Community Foundation for the Glass City River Wall mural.
SECTION 2. That the Mayor is authorized to enter into an agreement with the Toledo Community Foundation for the Glass City River Wall mural, upon terms and conditions acceptable to the Director of Law.
SECTION 3. That the Finance Director is authorized to draw warrant or warrants against the above-mentioned Account Code in an amount not to exceed $100,000...
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