2. TMP-9280 Authorizing the mayor to apply for and enter into loan agreements with the Ohio Water Development Authority (OWDA), and to accept, deposit, appropriate, and expend loan proceeds in an amount not to exceed $15,000,000 into the Water Replacement Loan Fund for the Raw Water Main Project; appropriating $50,000 from the Water Replacement Fund for the payment of loan administrative fees and miscellaneous project costs; authorizing various adjustments and transfers of expenses to comply with the loan agreements; authorizing a dedicated source for repayment of said loans; authorizing the mayor to accept bids and execute necessary agreements related to the project; making certain findings with respect thereto; and declaring an emergency. - City of Toledo, OH

Meeting: City Council on 2023-10-03 2:00 PM - Agenda Review for the October 10, 2023 Meeting of Toledo City Council

Meeting Time: October 03, 2023 at 2:00pm EDT

The online Comment window has expired

Agenda Item

2. TMP-9280 Authorizing the mayor to apply for and enter into loan agreements with the Ohio Water Development Authority (OWDA), and to accept, deposit, appropriate, and expend loan proceeds in an amount not to exceed $15,000,000 into the Water Replacement Loan Fund for the Raw Water Main Project; appropriating $50,000 from the Water Replacement Fund for the payment of loan administrative fees and miscellaneous project costs; authorizing various adjustments and transfers of expenses to comply with the loan agreements; authorizing a dedicated source for repayment of said loans; authorizing the mayor to accept bids and execute necessary agreements related to the project; making certain findings with respect thereto; and declaring an emergency.

Legislation Text