Warren County Port Authority’s Ohio Communities Accelerator Fund Newly Created Fund Closes Its Tenth Transaction
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.
Having already established a reputation for itself in Seneca County, Saull Law & Title, a full-service law firm with headquarters in Upper Sandusky, recently signed a contract to purchase the former Your Legacy Credit Union building in downtown Tiffin, 170 S. Washington St, and a branch will open soon.read more
In response to the COVID-19 pandemic, state and local government issuers of securities, and others generally obligated to support the payment of such securities, who entered into continuing disclosure undertakings or agreements (CDAs) in accordance with Securities and Exchange Commission (SEC) Rule 15c2-12, may have questions concerning their continuing disclosure responsibilities. The following information provides guidance with respect to some commonly asked questions many issuers and “obligated persons” currently face. (Note that its purpose is to provide information of a general nature on this topic and should not be construed as legal advice.)read more
We appreciate everything you and your teams have done to mobilize to keep Ohio and its businesses going during this unprecedented pandemic.
Although some numbers may be sobering, there are opportunities for Ohio that spark optimism. Under the leadership of the DeWine/Husted Administration, Ohio has been recognized as one of the top states to respond to COVID-19. We can leverage that attention to make Ohio stronger, built on the foundation of what already makes Ohio great.read more