O-411-20 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 $23,000,000 into the Water Replacement Loan Fund for the High Service Pump Station Improvements Project; appropriating $100,000 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; and declaring an emergency. - City of Toledo, OH

Meeting: City Council on 2020-10-20 4:00 PM

Meeting Time: October 20, 2020 at 4:00pm EDT

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Agenda Item

O-411-20 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 $23,000,000 into the Water Replacement Loan Fund for the High Service Pump Station Improvements Project; appropriating $100,000 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; and declaring an emergency.

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