Warren County Port Authority’s Ohio Communities Accelerator Fund Newly Created Fund Closes Its Tenth Transaction

Jun 19, 2019News, Newsletter

Martin Russell
Warren County Port Authority

 

 

The Warren County Port Authority (\VCPA) closed its tenth bond fund transaction on Thursday, June 13, 2019. The newly created Ohio Communities Accelerator Fund (OCAF) issued $390,000 of PACE (Property Assessed Clean Energy) bonds to partner with the City of Middletown, the Butler County Port Authority and the Community Building Institute to finance improvements for the Robert “Sonny” Hill Community Center. The anticipated upgrades to the facility will include improvements to indoor/outdoor lighting, new HVAC systems/controls and roof modernization. These improvements to the Robert “Sonny” Hill Community Center will enhance the mission to provide a safe and fun environment for people to engage in recreational activities, learn about educational opportunities and stay connected with the Middletown community.

OCAF is led by WCPA Executive Director Martin Russell and Deputy Director Matt Schnipke. Assisting OCAF on this transaction were Colin Kalvas and Caleb Bell of Bricker & Eckler LLP and Andy Brossart of Bradley Payne. The Bricker team provided legal counsel and Mr. Brossart served as the WCPA’s financial advisor.

OCAF is a lending program designed to make capital available to public communities and private parties that seek to develop new or support existing capital assets. OCAF seeks to work collaboratively with both public and private participants. The mission of OCAF is to deliver excellent client service, speed to market, and innovative solutions for public and private projects.

For more information about the Ohio Communities Accelerator Fund, please contact the Warren County Port Authority at 513-695-2090 or visit the Port Authority’s website at:  www.warrencountyport.org.

 

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