Label
ODOT Jobs and Commerce Grant for 13th Street Reconstruction Project
Economic Development
B. Sehlhorst (x1692)
Title
Authorizing the Mayor to enter into and execute a Jobs and Commerce Economic Development Program Grant Agreement with the State of Ohio Department of Transportation for the reconstruction of 13th Street; authorizing the acceptance, deposit, appropriation and expenditure of grant proceeds into the Capital Improvement Fund in the amount of $200,000 for the reconstruction of 13th Street; authorizing the Mayor to accept bids and award contracts related to the construction project; and declaring an emergency.
Body
SUMMARY & BACKGROUND:
As part of the Department of Economic Development's efforts to attract Bitwise Industries to Toledo, the State of Ohio Department of Transportation ("ODOT") has committed to assist the City of Toledo with the reconstruction of 13th Street by providing a $200,000 grant to offset the City's investment. 13th Street will be reconstructed between Madison and Jefferson Avenues to accommodate Bitwise's $38 million redevelopment of the Jefferson Center that will create 378 fulltime equivalent jobs. The total cost of the reconstruction project is estimated to be $418,000 and is currently scheduled for 2023. The City's portion of the reconstruction project is $218,000 and the Department of Transportation will be including this amount in its proposed 2023 Matches and Planning budget.
Summary
NOW, THEREFORE, Be it ordained by the Council of the City of Toledo:
SECTION 1. That the Mayor is authorized to enter into and execute a Jobs and Commerce Economic Development Grant Agreement with ODOT for the reconstruction of 13th Street upon such terms and conditions shall be approved by the Director of Transportation and the Director of Law.
SECTION 2. That the Mayor is authorized to accept and deposit grant proceeds in the amount of $200,000 from ODOT into the Capital Improvement Fund Account Code 540G-35000-8GA0...
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