Label
Wayman Palmer YMCA Project
DHCD
R. Clemens (x-1400)
Revised
Title
Authorizing the appropriation and expenditure of an amount not to exceed $19,000,000 from the Local Fiscal Recovery Fund for the Wayman D. Palmer Toledo YMCA and Inez Park Project; authorizing the Mayor to enter into necessary agreements in connection with the expenditure of funds and the Project; and declaring an emergency.
Body
SUMMARY & BACKGROUND:
The city is the recipient of $180.9 million through the American Rescue Plan Act ("ARPA") to be used to address the public health and negative economic impacts of the COVID-19 pandemic. The Toledo Recovery Plan framework (authorized by Ordinance 530-21), which outlines the City's projects that will be funded through ARPA, includes an amount not to exceed $19,000,000 to help finance the cost developing a new 50,000 square foot state of the art facility to be operated as the Wayman D. Palmer Community YMCA (the "YMCA") and the new Inez Nash Park (the "Park" and together with the YMCA, the "Project"). The Project will be located on land presently owned by the City, a portion of which has been previously leased to The Young Men's Christian Association of Greater Toledo, an Ohio nonprofit corporation ("Grantee"). This Ordinance authorizes the appropriation and granting of $19,000,000 of this amount (the "Grant") to the Grantee for the Project, and authorizes the Mayor and other City officials to enter into the necessary agreements associated with the Grant and the Project.
Summary
NOW, THEREFORE, Be it ordained by the Council of the City of Toledo:
SECTION 1. That the appropriation of $19,000,000 is authorized from the unappropriated balance of the Local Fiscal Recovery Fund to 2021-16100-5WAYMANPALNEI and the expenditure of same is authorized for the purpose of making the Grant to the Grantee to finance a portion of the costs of the Project.
SECTION 2. That the Mayor is authorized to enter into an agreement with the Grantee setting f...
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