202402283

ORDINANCE submitted by Sheryl M. M. Long, City Manager, on 10/30/2024, ESTABLISHING new capital improvement program project account no. 980x232x252309, “Madisonville Pedestrian Safety - TIF,” to provide resources for the installation of traffic calming infrastructure in the Madisonville neighborhood (the “Madisonville Traffic Calming Project”); AUTHORIZING the transfer and appropriation of $500,000 from Madisonville Equivalent Fund 498 to newly created capital improvement program project account no. 980x232x252309, “Madisonville Pedestrian Safety - TIF,” to provide resources for the Madisonville Traffic Calming Project; and DECLARING that expenditures from capital improvement program project account no. 980x232x252309, “Madisonville Pedestrian Safety - TIF,” are for a public purpose and constitute a “Public Infrastructure Improvement” (as defined in Section 5709.40(A)(8) of the Ohio Revised Code (“ORC”)) that will benefit and/or serve the District 19 - Madisonville Incentive District, subject to compliance with ORC Sections 5709.40 through 5709.43.

Ordinance Passed Introduced October 25, 2024

Where it was heard