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The Columbus-Franklin County Finance Authority has closed the following transactions in Central Ohio:
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The Columbus-Franklin County Finance Authority issued tax-exempt bonds to assist the Franklin Park Conservatory with its $7.1 million investment to finance a special events wing, improvements to the Palm House, and an expansion of the Show House leading to the Palm House, providing access to rooftop gardens on the two new wings.
This investment will lead to increasing the number of events the Conservatory can service at one time, new needed amenities for guests, additional rental opportunities and space for exhibitions. The tax-exempt bond is secured by a letter of credit from Fifth Third Bank.
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The Columbus-Franklin County Finance Authority closed on tax-exempt financing to assist Dancor, a small printer on the west side of Columbus, purchase a digital printing press for $1.2 million. The Columbus-Franklin County Finance Authority helped with lower cost financing to drive down costs and free up cash for other operational needs. The tax-exempt financing was made in conjunction with National City Bank. |
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The Columbus-Franklin County Finance Authority issued tax-exempt bonds to support neighborhood revitalization through redirected property taxes in the Harrison West neighborhood on the near north side of the City of Columbus. The project will finance $3.1 million to fund the creation of a 4-acre park along the Olentangy River on the old AC Humko site (a cleaned up brownfield). The AC Humko site has been revitalized with 286 new homes (including duplexes and condominiums) ranging in price from $157,000-$525,000. For the full press release click here. |
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The Columbus-Franklin County Finance Authority issued $4 million in tax-exempt bonds to assist RASTRA with its $8.3-million facility at SWACO's Waste-to-Energy site on the south side of Columbus. The green facility will produce insulated building panels which use polystyrene redirected from the landfill as a key component in its process.
The $8.3-million project is expected to create 45 jobs within 3-4 years. The project has also received a $2-million loan from the Ohio Department of Development. SWACO has committed to support the project through its start-up and The Huntington National Bank provided a Letter of Credit for the transaction. |
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The Columbus-Franklin County Finance Authority has issued $5.8 million in tax-exempt bonds for Prep Academies to purchase facilities for expansion. Prep Academies is a not-for-profit nonsectarian private school providing high-end academic education and daycare for students from age 6-weeks to 6-years old operating from campuses in the Dublin and Lewis Center communities. The expansion will create 25 full and part-time jobs and The Huntington National Bank provided a Letter of Credit for the transaction.
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OCLC Online Computer Library Center - Tax-Exempt Financing
The Columbus-Franklin County Finance Authority issued $20 million in tax-exempt financing to assist Dublin-based OCLC lease equipment that will create 42 full-time jobs. The tax-exempt financing was made in conjunction with JP Morgan Chase.
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