Notice of Public Hearing

Notice of Public Meeting - June 17, 2024

Cleveland, OH (June 17, 2024)

NOTICE OF PUBLIC MEETING

The Cleveland-Cuyahoga County Port Authority (the “Authority”) will hold a public hearing on behalf of itself and the County of Cuyahoga, Ohio (the “County”), at 2:00 p.m. local time on June 17,  2024 at the offices of the Authority, located 1100 W. 9th Street, Cleveland, Ohio 44114 with respect to the issuance by the Authority of its Multifamily Mortgage Backed Revenue Bonds, Series 2024 (M-TEBS) (Gates Mills Villa Project), in one or more series  (the “Bonds”), with a maximum aggregate principal amount not to exceed $30,000,000, the proceeds of the sale thereof to be loaned by the Authority to Gates Mills Villa Preservation, L.P. or its affiliate (the “Borrower”) to be used by the Borrower to acquire, design, develop, equip, furnish, improve, install, rehabilitate and renovate “port authority facilities” (within the meaning of the Act identified below) to be leased to and operated by the Borrower, consisting of a 191-unit Project Based Sec-8 property composed of one, eight story L-shaped residential structure serving elderly low income tenants (the “Project Facilities”) on a site located at 6755 Mayfield Road (the “Project Site” and, together with the Project Facilities, the “Project”), in the City of Mayfield Heights, Cuyahoga County, Ohio, and to the extent permitted, paying certain costs of issuance, paying capitalized interest and funding debt service reserve funds, if necessary.  The Bonds will be issued pursuant to the provisions of Sections 13 and 16 of Article VIII of the Ohio Constitution and Sections 4582.01 through 4582.20 of the Ohio Revised Code (collectively, the “Act”), and pursuant to the Act will not constitute a debt, liability or obligation of the County, the City of Cleveland, the City of Mayfield Heights, the Authority, the State of Ohio or a pledge of the faith and credit of the County, the City of Cleveland, the City of Mayfield Heights, the Authority or the State of Ohio, but shall be payable solely from the funds pledged to the payment thereof.  All or a substantial portion of the Bonds are expected to be issued as “exempt facility bonds” pursuant to Section 142 of the Internal Revenue Code of 1986, as amended (the “Code”).  

Persons wishing to express their views on the proposed transactions may participate in the hearing in person or may submit their views in writing. Any written submissions should be sent to the attention of the Cleveland-Cuyahoga County Port Authority, 1100 W. 9th Street, Cleveland, Ohio 44114, Attention: President and clearly marked: “Cleveland-Cuyahoga County Port Authority (Gates Mills Villa Project)”.  Written submissions should be mailed in sufficient time to be received before the hearing date.  This public hearing is being held pursuant to the provisions of Section 147 of the Code. 


Notice of 5-13-2024 Special Meeting of Executive Contract Committee

Cleveland, OH (May 9, 2024)

NOTICE OF RESCHEDULED SPECIAL MEETING
OF THE AD HOC EXECUTIVE CONTRACT COMMITTEE OF THE
CLEVELAND-CUYAHOGA COUNTY PORT AUTHORITY

Please be advised that the Ad Hoc Executive Contract Committee of the Board of Directors of the Cleveland-Cuyahoga County Port Authority will hold a rescheduled special meeting pursuant to its Rules and Regulations on Monday, May 13, 2024 at 3:00 p.m. at the offices of the Port Authority at 1100 West Ninth Street, Suite 300, Cleveland, Ohio. The purpose of the meeting will be to consider certain matters in Ohio Revised Code Section 121.22(G)(1), specifically, to consider employment and compensation of a public employee. The Committee intends on adjourning into Executive Session after convening the meeting and consideration of the prior meeting minutes, and will only reconvene to adjourn the meeting.


Notice of 5-13-2024 Special Meeting of Executive Contract Committee

<p class=”p1″><strong>Cleveland, OH (May 3, 2024)</strong> –</p>
<p style=”text-align: center;”>NOTICE OF SPECIAL MEETING
OF THE AD HOC EXECUTIVE CONTRACT COMMITTEE OF THE
CLEVELAND-CUYAHOGA COUNTY PORT AUTHORITY</p>
<p style=”text-align: center;”>Please be advised that the Ad Hoc Executive Contract Committee of the Board of Directors of the Cleveland-Cuyahoga County Port Authority will hold a special meeting pursuant to its Rules and Regulations on Thursday, May 9, 2024 immediately following the Port Authority’s May 9, 2024 Board of Directors meeting at the offices of the Port Authority at 1100 West Ninth Street, Suite 300, Cleveland, Ohio that commences at 9:00 a.m. The purpose of the meeting will be to consider certain matters in Ohio Revised Code Section 121.22(G)(1), specifically, to consider employment and compensation of a public employee. The Committee intends on adjourning into Executive Session after convening the meeting and consideration of the prior meeting minutes, and will only reconvene to adjourn the meeting.

</p>


Notice of 5-9-2024 Special Meeting of Executive Contract Committee

Cleveland, OH (May 3, 2024)

NOTICE OF SPECIAL MEETING
OF THE AD HOC EXECUTIVE CONTRACT COMMITTEE OF THE
CLEVELAND-CUYAHOGA COUNTY PORT AUTHORITY

Please be advised that the Ad Hoc Executive Contract Committee of the Board of Directors of the Cleveland-Cuyahoga County Port Authority will hold a special meeting pursuant to its Rules and Regulations on Thursday, May 9, 2024 immediately following the Port Authority’s May 9, 2024 Board of Directors meeting at the offices of the Port Authority at 1100 West Ninth Street, Suite 300, Cleveland, Ohio that commences at 9:00 a.m. The purpose of the meeting will be to consider certain matters in Ohio Revised Code Section 121.22(G)(1), specifically, to consider employment and compensation of a public employee. The Committee intends on adjourning into Executive Session after convening the meeting and consideration of the prior meeting minutes, and will only reconvene to adjourn the meeting.


Notice of Public Hearing of Adjustable Rate Educational Facilities Revenue and Refunding Bonds

The Cleveland-Cuyahoga County Port Authority is holding a public hearing to consider the approval of the issuance by the Port Authority of its Adjustable Rate Educational Facilities Revenue and Refunding Bonds. The public hearing will be held on Friday, November 3, 2023 at 10:30 a.m., in the office of the Port Authority located at 1100 West 9th Street, Suite 300, Cleveland, Ohio 44113.


port-equipment

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