Authorizing the Mayor to enter into a Loan Agreement and other needed instruments with the Toledo Community Improvement Corporation to establish a Shovel Ready Sites Fund that will be used to assemble, acquire, prepare, hold, market and transfer sites within the City for job creating and housing developments; authorizing the appropriation and expenditure of an amount not to exceed $18,700,000 from the General Fund; authorizing the Mayor to accept and deposit loan payments into the General Fund; and declaring an emergency.

What this record is

Held by

Toledo Community Improvement Corporation 3 records across this site

Amount

$18.7M

Runs until

Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗

Type

contract

Field

Public safety

public safety contracts in OH that end within a year →
Governments publish the end date in the award. That date is when the work goes back out to bid, and it is usually stated years ahead.

Read automatically from the title of the official record. The source document below is authoritative.

Toledo Community Improvement Corporation also holds

Economic Development & Innovation Committee: Shovel Ready Sites Loan Agreement with Toledo Community Improvement Corporation Toledo, OH Authorizing the Mayor to enter into a First Amendment to the Contract for a Joint Economic Development Zone between the City of Toledo and City of Ros… Toledo, OH

Committee

Economic Development Department

Requested by

Clerk's Office

Introduced

February 13, 2026

On agenda

March 17, 2026

Passed

March 17, 2026

Where it was heard

City Council Mar 17, 2026 Emergency Pass City Council Mar 17, 2026 Passage Pass City Council Mar 10, 2026 City Council Mar 3, 2026 First Reading Pass City Council Feb 24, 2026

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