 Toledo is the market city for the northwest Ohio, a region of nine counties and a population in excess of 1 million. As such there is a high concentration of retail establishments and medical facilities in Toledo. The city's location at the intersection of I-80/I-90 and I-75 (i.e. "The Crossroads of America") has made it a popular hub location for transportation companies such as UPS and BAX Global. Toledo is also the nation's third busiest rail hub, and one of the busiest ports on the Great Lakes. (Information provided by Wikipedia .)
If you are looking at visiting, Toledo certainly offers the best to its visitors.
Whether you are looking at relocating, visiting this awesome city, or enjoying your community, Connecting Toledo is here to aid in locating all the area has to offer! |
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Mayor Finkbeiner Calls for Beef Up of Foreclosue Aid to Toledo |
For Immediate Release
Tuesday, December 16, 2008
Jason Webber
City of Toledo
Public Information Officer
(419) 245 - 1016
Mayor Finkbeiner Calls Upon U.S. Treasury Secretary Paulson and Congressional Leaders to Beef Up Foreclosure Aid to Toledo
Recognizing the hardship and pain of housing foreclosure, Mayor Carty Finkbeiner sent letters today to U.S. Treasury Secretary Henry Paulson, U.S. HUD Secretary Steve Preston, Senator George Voinovich, Senator Sherrod Brown and Congresswoman Marcy Kaptur, calling upon the Bush Administration to provide additional assistance for hurting Toledo families.
Specifically, Mayor Finkbeiner has requested:
1. An allocation of $4.75 million for rescue funds to City’s successful local housing counseling agencies to assist City of Toledo homeowners to retain their homes.
2. An allocation of an additional $630,000 for successful City of Toledo local housing counseling agencies to negotiate loan modifications with lenders and package rescue loans.
3. A national 120-day moratorium on foreclosures.
4. Mandatory negotiations between lenders and homeowners, with criminal penalties for failure to do so.
5. Adoption of a systematic loan modification program that reduces the first lien mortgage payments to as low as 31% of monthly income, based on interest rate reductions, extension of term, and principal forbearance (similar to FDIC’s program at IndyMac Federal Bank).
6. Revision in existing federal law to allow bankruptcy courts to modify loans.
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The City of Toledo has been awarded a grant for the rehiring of 31 Toledo Police Officers |
Remarks for Mayor Finkbeiner
COPS Grant
Saturday, August 1st 1:00 a.m.
Safety Building – Corner of Erie & Jackson
On Tuesday, July 28, we were informed by the Department of Justice that the City of
Toledo had been awarded a grant of $7.1 million for the rehiring of 31 Toledo Police
Officers. This grant will pay for 31 officers for a three-year period, provided the City of Toledo agrees to the terms of the grant. Some of the requirements needed to be further explored before we could make a fiscally responsible decision on whether or not the City would accept the grant.
I have been meeting with my Acting Chief of Staff, Theresa M. Gabriel and representatives from the Mayor’s Office, Finance, Law, Police and Human Resources since Tuesday to assist me in this decision-making process. The City has communicated with representatives of the Department of Justice and, as of yesterday afternoon, our questions have been successfully addressed. I am very happy to announce, today, that the City of Toledo will be accepting the grant money and that we will be recalling 31 of the Police Officers who remain in a layoff status.
So that the citizens and the media understand the concerns I had with the grant money, I offer the following:
The City needed to know what the minimum manning level was required by the grant. We received confirmation yesterday that it would be 564 sworn officers. By accepting the grant, the City has committed to maintaining that Police strength for the three years of the grant.
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