(a) The Director of Public Utilities is authorized to apply for and accept grants as they become available from the United States of America and its agencies, the State of Ohio and its agencies, other public or private entities, and/or pass-through entities approved by the grantor, for utility projects for the various divisions of the Department of Public Utilities.
(b) The Director of Public Utilities and/or the Director of Finance, if appropriate, is authorized to apply for and accept loans as they become available from the United States of America and its agencies, the State of Ohio and its agencies, other public entities, and/or pass-through entities approved by the lender, for utility projects for the various divisions of the Department of Public Utilities. The Director of Public Utilities is further authorized to repay the loan funds in accordance with the terms and conditions of an agreement entered into under the authority of this section from funds appropriated for the use of the appropriate division of the Department of Public Utilities.
(c) The Director of Public Utilities and/or the Director of Finance, if appropriate, is further authorized to file all papers, execute all documents, and enter into agreements necessary to apply for, accept, and receive the grant and other funding authorized under this section, provided that the City shall follow all applicable federal or state regulations.
(d) That any funds received under this section are appropriated for the purposes described in the grant or funding applications, or any amendments made to the applications.
(e) If required under an agreement that is entered into under the authority of this section, matching funds shall be paid from funds appropriated for the use of the appropriate division of the Department of Public Utilities, and when permitted by law and indentures, from any existing or future revenue bond funds if authorized for that purpose.
(f) The Director of Public Utilities shall notify this Council, through its Clerk, of any funds accepted under the authority of this section, on receipt of each award.
(Ord. No. 1232-2023. Passed 11-13-23, eff. 11-14-23)