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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

What is a Port Authority?

OUR MISSION

The mission of the Medina County Port Authority (MCPA) is to implement economic development initiatives that will strengthen and diversify the economy of Medina County.

The Medina County Port Authority drives economic growth by offering creative funding and partnership opportunities to businesses expanding in our community.

MCPA encourages investment in:

  • Private-sector economic development
  • Government and non-profit community development projects
  • Public-sector infrastructure projects that leverage and encourage private-sector investment

Created in 2003, MCPA enjoys the powers of a municipal corporation under Ohio law, but has additional flexibility to serve its private-sector clients.  MCPA brings value to projects through lease financing, sales tax savings, fixed-rate bond fund financing, off-balance-sheet transactions and more.

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