Notice of Public Hearing
Request for Comments: 2023-2027 Maritime Facilities Development Plan
In accordance with Ohio Revised Code Sections 4582.07 and 4582.08, the Cleveland-Cuyahoga County Port Authority has prepared a Maritime Facilities Development Plan for the years 2023-2027 for the development, construction, and improvement of the maritime facilities of the Port Authority. The Plan includes maps, descriptions, estimated costs, and funding plans for the payment of such facilities.
The Plan is available for review by following the link below.
The Plan may also be obtained at the office of the Cleveland-Cuyahoga County Port Authority at 1100 W. 9th St., Suite 300, Cleveland, OH 44113 during regular business hours of 9:00 a.m. through 4:00 p.m.
Written comments on the Plan may be submitted to Nicholas LaPointe, Vice President, Planning & Capital Development, at Nicholas.LaPointe@portofcleveland.com until September 1, 2023.
The Plan will be presented at the Port Authority Board Meeting held on September 7, 2023 at 9:00 a.m. at 1100 W. 9th St. Cleveland, OH 44113, with an opportunity for public comment.
Notice of Special Meeting of the Cleveland-Cuyahoga Port Authority 8/01/2022
Please be advised that the Board of Directors (“Board”) of the Cleveland-Cuyahoga County Port Authority (“Port Authority”) will hold a special meeting on August 4, 2022 at 8:30 a.m. at the Port Authority Conference Center at 1100 West Ninth Street, First Floor, Cleveland, Ohio 44113. The purpose of the meeting is to consider: (1) the adoption of Resolution No. 2022- 21 declaring the necessity to levy a tax outside the ten-mill limitation, and requesting the County Fiscal Officer to certify the estimated dollar amount of revenue that would be generated by such tax, and repealing and rescinding Board Resolution Nos. 2022-13 and 2022-18; and (2) upon receipt of the Cuyahoga County Fiscal Office Certificate of Estimated Property Tax Revenue, the adoption of Resolution No. 2022-22 authorizing the request for renewal of a 0.13 mill existing tax levy to be placed on the November 8, 2022, ballot.
Notice of Special Meeting for 8-4-2022
Notice of Public Hearing 6/1/2022
Notice is hereby given that on June 8, 2022, a public hearing, which may be continued or adjourned, will be held by the Cleveland-Cuyahoga County Port Authority, Ohio (the “Issuer”) in its offices located at 1100 West Ninth Street, Suite 300, Cleveland, Ohio 44113 commencing at 11:00 a.m. local time with respect to the proposed issuance by the Issuer of its Student Housing Facility Bonds, Series 2022A (Euclid Avenue Development Project) (the “Bonds”) in an aggregate principal face amount not to exceed $148,400,000 in one or more series, pursuant to Chapter 4582, Ohio Revised Code, as amended (the “Act”), in connection with a plan of finance for the benefit of Euclid Avenue Development Corporation, an Ohio nonprofit corporation, formerly known as Euclid Avenue Housing Corporation (the “Borrower”). The Bonds will be issued as qualified 501(c)(3) bonds under Section 145 of the Internal Revenue Code of 1986, as amended (the “Code”), and the proceeds of the Bonds will be used to finance the costs of acquiring, constructing, renovating, expanding, equipping and improving facilities constituting “port authority facilities” for housing, educational and commercial purposes as defined in the Act) (comprised of the Edge Student Housing Project and the Langston Student Housing Project, both as defined below and collectively referred to herein as the “Housing Facilities”) of the Borrower as further described herein.
The proceeds of the Bonds will be made available to the Borrower to (1) finance costs of the acquisition, construction, renovation, expansion and equipping of certain Housing Facilities located at 1750 Euclid Avenue, Cleveland, Ohio in an amount not to exceed $64,850,000 (the “Edge Student Housing Project”); (2) finance costs of the acquisition, construction, renovation, expansion and equipping of certain Housing Facilities located at 2211-2303 Chester Avenue, Cleveland, Ohio in an amount not to exceed $83,550,000 (the “Langston Student Housing Project”); and (3) paying certain costs and expenses of the Issuer and the Borrower incurred in connection with the issuance of the Bonds.
The initial legal owner or principal user of the Housing Facilities financed by the Bonds is the Borrower.
The public hearing is intended to comply with the public approval requirements of Section 147(f) of the Code. THE BONDS SHALL NOT REPRESENT OR CONSTITUTE A DEBT OR PLEDGE OF THE FAITH AND CREDIT OR THE TAXING POWER OF THE CLEVELAND-CUYAHOGA COUNTY PORT AUTHORITY, OHIO, THE STATE OF OHIO, OR ANY POLITICAL SUBDIVISION OF THE STATE OF OHIO.
Persons wishing to express their views on the proposed Bonds may appear at the hearing or submit their views in writing regarding the proposed Bonds and the location and nature the Housing Facilities to be financed.
Any written submissions should be sent to the Port Authority at 1100 West Ninth Street, Suite 300, Cleveland, Ohio 44113, and clearly marked “Re: Cleveland-Cuyahoga County Port Authority, Ohio Student Housing Facility Bonds, Series 2022A (Euclid Avenue Development Project).” Written submissions should be mailed in sufficient time to be received before the referenced public hearing on June 8, 2022.
CLEVELAND-CUYAHOGA COUNTY PORT AUTHORITY, OHIO
By: J. Stefan Holmes, Chair