Cleveland, OH (October 21, 2024) –

NOTICE OF PUBLIC HEARING

Notice is hereby given that on Tuesday, October 22, 2024 at 11:00 A.M. Eastern Time, or as soon as practical thereafter, in accordance with the provisions of Section 147 of the Internal Revenue Code of 1986, as amended (the “Code”), a public hearing will be held by the Cleveland-Cuyahoga County Port Authority (the “Issuer”) at 1100 West Ninth St., Suite 300, Cleveland, Ohio 44113, with respect to the proposed issuance by the Issuer of Development Revenue Bonds (Port of Cleveland Bond Fund) Series 2024C (Toledo Museum of Art Project) (the “Bonds”) in the maximum aggregate principal amount of $7,500,000.

The Bonds are to be issued by the Port Authority for the benefit of The Toledo Museum of Art, an Ohio nonprofit corporation and organization described under Section 501(c)(3) of the Code (“TMA”). A portion of the Bonds are to be issued as qualified 501(c)(3) bonds under Section 145 of the Code to finance a portion of the costs of acquiring, constructing, installing, equipping, furnishing, and improving renovations to an existing approximately 328,568 square-foot building (the “Project”). The Project will be owned and operated by TMA at certain real property owned by TMA and located at the commonly used mailing address, 2445 Monroe Street, Toledo, Ohio 43620. In addition, the current plan of finance includes the issuance of qualified 501(c)(3) revenue bonds under Section 145 of the Code by the Toledo-Lucas County Port Authority in one or more series in an aggregate principal amount of not to exceed $11,000,000 (the “TLCPA Bonds”) and the issuance of qualified 501(c)(3) revenue bonds under Section 145 of the Code by the Columbus-Franklin County Finance Authority in one or more series in an aggregate principal amount of not to exceed $7,500,000 (the “CFCFA Bonds,” and together with the Bonds and the TLCPA Bonds, the “Project Bonds”).

The Bonds will be special obligations of the Issuer and will not constitute a debt or pledge of the faith and credit or the taxing power of the Issuer. Persons wishing to express their views on the proposed bond issuance may appear at the hearing or may submit their views in writing. To ensure their full consideration, all written submissions regarding the proposed bond issuance should clearly reference the aforementioned Bonds and the location and nature of the Project. All written submissions should be sent to the Issuer at the attention of the President and CEO at 1100 West Ninth St., Suite 300, Cleveland, Ohio 44113, and be clearly marked: Re: Development Revenue Bonds (Port of Cleveland Bond Fund) Series 2024C (Toledo Museum of Art Project). Written submissions should be mailed in sufficient time to be received on or before the aforesaid hearing date.

By: J. Stefan Holmes

Chair, Cleveland-Cuyahoga County Port Authority