Label
DPS Fire Damaged Structures, Repair or Removal Fund $36,852
Department of Public Service
Urban Beautification
Megan Robson (x2306)/Dennis Kennedy (x1234)
Revised
Title
Authorizing the transfer of $36,852 from the Demolition Expendable Trust Fund, to the Non-Fiduciary General Fund, "fire damaged structures, repair or removal" fund as identified in TMC 1726.07; authorizing the release of the same to the appropriate insured parties as an account closure of funds held in escrow; and declaring an emergency.
Body
SUMMARY & BACKGROUND:
Subsequent to passage of Ordinance 554-22, seven (7) individual insured parties submitted release for accounts held in escrow, after appropriate authorization for those accounts were declared as abandoned. The intent of this ordinance is to acknowledge that while the insured parties did not submit for release of these funds held in escrow, the review of the property finds compliance with the Toledo Municipal Code and therefore, shall be released to the appropriate insured parties. This ordinance authorizes the transfer of these funds from the trust fund to the fire damaged structures, repair or removal fund
Summary
NOW, THEREFORE, Be it ordained by the Council of the City of Toledo:
SECTION 1. That the transfer of $36,852 of funds held in the Demolition Expendable Trust Fund Account Code 2090-23100-5T12211STDDEM is authorized to the Non-Fiduciary General Fund Account Code 101C-56400-5634001STDSTD and the expenditure of same is authorize for release to the appropriate insured parties as an account closure of funds held in escrow.
SECTION 2. That the Finance Director is authorized to draw his warrant or warrants against the above account code in payment of all obligations authorized above in an amount not to exceed $36,852 upon presentation of proper voucher or vouchers.
SECTION 3. That this Ordinance is declared to be an emergency measure and shall take effect and be in force from and after its...
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