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Akron panel places up to $18 million in short-term notes on consent to fund demolition, facilities, parks and streets
Summary
The Budget & Finance Committee moved four ordinances onto the consent agenda authorizing the issuance of short-term notes totaling up to $18 million for economic development demolition matches, municipal facilities, parks and recreational improvements, and street projects; members raised a question about the disposition of the old Fire Station 12 building.
The City of Akron Budget & Finance Committee on Thursday placed four ordinances on the consent agenda that would authorize the sale of short-term notes totaling up to $18,000,000 to advance multiple capital priorities.
Staff described the first ordinance as a $3,000,000 issuance "for economic development" to fund the local match on state demolition grants that will cover both residential and commercial demolition, said Mister Fricker. The committee placed that ordinance on the consent agenda without discussion.
A second ordinance would authorize up to $5,000,000 in notes for public facilities. Mister Fricker listed several projects the money would support, including parking decks, Fire Station 12, Canal Park Stadium improvements and a municipal building generator. Councilwoman Linda Amobian asked whether the old building across from Acme associated with the prior Fire Station 12 will be demolished or sold; staff said there is an effort to sell the building while constructing the new station.
A $2,000,000 ordinance for parks and recreation would fund initiatives including the Akron Parks Challenge, community center improvements and work on the Rubber City Heritage Trail, staff said. The committee placed the parks ordinance on consent.
The committee also placed an $8,000,000 ordinance for street and transportation projects on the consent agenda. Staff cited the annual resurfacing program and specific projects such as Exchange Street and portions of the North Main Street/Main Street downtown work.
All four ordinances were moved to the consent agenda and recorded as placed on consent by voice vote. No final adoption votes were recorded during the committee meeting; placement on the consent agenda means the items will be considered together in a subsequent council action unless pulled for separate debate.
The committee did field one practical question—about the fate of the old Fire Station 12 building—and staff said sale efforts are underway. Beyond that exchange, members did not challenge the project lists or the amounts during the committee’s review.
The committee proceeded to other business after placing the ordinances on consent.
What happens next: The four ordinances remain on the consent agenda and will appear for consideration by the full council according to council rules and the published agenda.
