Notice of Public Hearing - Tax Equity and Fiscal Responsibility Act
NOTICE OF PUBLIC HEARING
Notice is hereby given that on August 25, 2020, a public hearing, which may be continued or adjourned, will be held via toll-free telephone conference by the County of Cuyahoga, Ohio (the “Issuer”), commencing at 4:00 p.m. local time with respect to the proposed issuance by the Issuer of its Economic Development Revenue Refunding Bonds, Series 2020D, as part of a plan of finance in one or more series which may be issued on the same or different dates in a maximum aggregate face amount not to exceed $162,935,000 (the “Series 2020 Bonds”). The Series 2020 Bonds will be issued pursuant to Article VIII, Section 13 of the Ohio Constitution and Chapter 165 of the Ohio Revised Code for the purpose of currently refunding for debt service savings the callable maturities of the Issuer’s $200,235,000 Recovery Zone Facility Economic Development Revenue Bonds, Series 2010F (Medical Mart/Convention Center Project) (the “Refunded Bonds”).
The proceeds of the Series 2020 Bonds will be used to refinance costs of the medical mart and convention and exhibit center that were originally financed by the Refunded Bonds. The facilities to be refinanced by the Series 2020 Bonds are located at 1 St. Clair Avenue NE, Cleveland, Ohio 44114.
The legal owner of the facilities refinanced by the Series 2020 Bonds is the Issuer.
The Series 2020 Bonds will be special obligations of the Issuer and will not constitute a debt or a pledge of the faith and credit or the taxing power of the Issuer.
Persons wishing to express their views on the proposed Series 2020 Bonds may submit their views in writing regarding the proposed Series 2020 Bonds and the location and nature of the facilities to be refinanced or participate in the hearing by teleconference. The teleconference may be accessed by dialing the toll-free number (855) 228-1766, followed by the pass code 11848352#.
Any written submissions should be mailed to the Issuer at 2079 East Ninth Street, #3, Cleveland, Ohio 44115, Attention: County Fiscal Officer, or e-mailed to the Issuer at wparfejewiec@cuyahogacounty.us. Written statements should be clearly marked “Re: County of Cuyahoga, Ohio Economic Development Revenue Refunding Bonds, Series 2020D.” Written submissions should be mailed or e-mailed in sufficient time to be received before the referenced public hearing on August 25, 2020.
COUNTY OF CUYAHOGA, OHIO