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  • Special Port Authority

    Tuesday, September 15     4:00 PM          

    Public hearing regarding the proposed issuance of tax exempt bonds by the Medina County Port Authority (MCPA)  in the maximum aggregate principal amount of $10,000,000 in two or more series to: (1) redeem and repay outstanding bonds issued in 2010 to finance the acquisition and  construction of its fiber optic cable network, located throughout Medina County, with laterals into Cuyahoga and Summit Counties; (2) pay costs of issuing the bonds; and (3) pay the 2020 interest on the Bonds.  The fiber network is owned by the MCPA and is  operated by the MCPA and the Medina County Economic Development Corporation. To see the full notice of the public hearing, go to https://www.medinacountyportauthority.org/wp-content/uploads/2020/09/TEFRA-Public-Hearing-Notice-1.pdf

    To attend, dial in toll-free by telephone at 1-855-762-7360 or attend via internet videoconference at www.uberconference.com/bdentler

Helping Businesses

HELPING BUSINESSES

Medina County Port Authority can assist businesses with:

  • Creative financing and leasing options
  • Port Authority Alternative Financing
  • Foreign Trade Zones – industrial acreage in four different areas of the county that provide benefits to companies engaged in international commerce
  • Available land at the Medina County Innovation Park adjacent to the Medina County University Center
  • Access to comprehensive programs and business incentives thru the Medina County Economic Development Corporation.

Port authorities have the power to  finance, build, and lease industrial, commercial, research and distribution, charitable and public projects.

Conduit finance powers for port authorities, under Ohio Revised Code, Chapter 4582 , are broader than any other finance statue which authorizes the involvement in projects for transportation, governmental operations, educational facilities, cultural facilities and housing.

Port authorities frequently collaborate with other entities on a wide variety of projects.  The Ohio Department of Development and port authorities can combine their resources to bring innovative alternatives on financing to projects.  Many port authority projects involve tax exempt or taxable bonds that feature fixed interest rates that extend 20 or even 30 years.

Creative Financing

Revenue Bond Fund

Alternative Financing

Foreign Trade Zones

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