Label
TDOT062122OPWCGRANTANDLOAN
Engineering Services
C. Soncrant (x2851)
Revised
Title
Authorizing the mayor to enter into agreements with and accept and deposit financial assistance from the State of Ohio, Ohio Public Works Commission (OPWC) in an amount not to exceed $1,517,780 for sewer lining; authorizing the appropriation and expenditure of said grant and loan proceeds on the subject project; authorizing a dedicated source for repayment of said loans; authorizing the mayor to enter into contracts related to construction, professional services, contingencies, capitalized interest, testing, and permit fees for sewer lining; and declaring an emergency.
Body
SUMMARY & BACKGROUND:
This ordinance authorizes the mayor to accept, deposit, appropriate and expend an amount not to exceed $1,517,780 in grant and loan funds from the Ohio Public Works Commission (OPWC). It further authorizes the mayor to enter into agreements for the referenced grant and loan and to conduct the appropriate budget adjustments and transfers of expense associated with said grants and loans. It further dedicates a source of funds for repayment of the loans.
Resolutions #324-20 and #499-21 authorized applying for this assistance and entering into an agreement with OPWC for this purpose.
This project requires match money which is either in place or will be in place through other City or outside funding sources.
Passage of this ordinance is required to enable the City of Toledo to accept OPWC funding and to proceed with the construction of these projects.
Summary
NOW, THEREFORE, Be it ordained by the Council of the City of Toledo:
SECTION 1. That the mayor is authorized to enter into grant agreements with the Ohio Public Works Commission and to accept and deposit grant proceeds in an amount not to exceed $758,890 for the sewer lining project into the Sewer Replacement Fund Account Code 673G-35000-4UG0722STDSTD.
SECTION 2. That an amount not to exceed $758,890 ...
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