Toledo City Council to vote on ordinances for new facility near FCA’s Toledo Assembly Complex

​​By Tim Schneider, Toledo Regional Chamber of Commerce

​At its regular meeting at 4:00 p.m. on Tuesday, January 5, Toledo City Council is expected to vote on two ordinances that would facilitate FCA’s proposed construction of a 250,000 square foot vehicle customization facility near its Toledo Assembly Complex. Ordinance 8-21 would approve the sale of 40.67 acres of city-owned property that includes the former Textileather and MedCorp facility sites to FCA for $1.00. Ordinance 9-21 would establish a tax increment financing arrangement to fund improvements on the site with FCA making service payment into a fund for such purposes in lieu of property taxes for a period of 30 years. According to the city, the project would support production at the Toledo Assembly Complex and involve total investment of $23 million and creation of more than 300 jobs.

Also at the meeting, Council is expected to give first reading to the following:
 

• Ordinance 10-21 which would approve $19,230,001 for residential road improvements in 2021. The funding is for projects that utilize only city dollars to rebuild or resurface streets. Of the total funding amount, $18,674,511 would come from the city’s Road Improvement Fund, and $555,490 would come from the Capital Improvement Program (CIP) Fund. 
• Ordinance 11-21 which would approve $7.8 million from the CIP Fund to cover the city’s portion of a number of non-residential roadway and construction projects in 2021. The funding will match $15 million in outside funding for the projects from the Ohio Department of Transportation, the Ohio Public Works Commission, and TMACOG.

 
The public may watch the council meeting online by visiting https://toledo.legistar.com and scrolling down to the meeting and clicking on “in progress”.

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​Tim Schneider
​
​As Manager for Local Government Advocacy, Tim Schneider advocates for local policies and laws that safeguard and foster a pro-business environment in the Toledo Region. Tim has more than 10 years of legislative and public policy experience with the local, state and federal levels of government.