bond programs

NORTHWEST OHIO BOND FUND

The Northwest Ohio Bond Fund provides public and private entities access to the national capital market as if they were "A" Investment Grade enterprises. It provides:

  • Financing for projects from $2 million to $25 million

  • Fixed interest rates for full term of the bonds

  • Financing of up to 100%, where eligible

  • Financing up to 30 years for land and buildings

  • Financing up to 10 years for equipment

  • Tax exempt bonds for manufacturing, non-profit 501(c)3 and governmental operations

  • Taxable bonds for all other projects

INFRASTRUCTURE FINANCING

Infrastructure Financing helps developers, governmental entities and other organizations finance improvements such as streets, curbs, and parking facilities. The Toledo-Lucas County Port Authority has provided over $100 million in Tax Increment Financing (TIF) and special assessment-backed bonds in tax-exempt, long-term, fixed-rate bond financing. Other benefits include:

  • Possibility of 100% financing

  • Lower cost of construction

  • Fixed interest rate, tax exempt financing

  • Terms of up to 32 years

CONDUIT BOND STRUCTURE

The Toledo-Lucas County Port Authority can serve as the Issuer for the purpose of making proceeds available to an entity in furtherance of a public purpose by way of Industrial Revenue Bonds, Hospital Revenue Bonds, Non-Profit Bonds and Housing Bonds.

  • Financial strength based upon credit of the company or non-profit organization 

  • Rated or non-rated bonds sold in capital markets or privately placed with banks

  • Capacity to issue bank-qualified, tax-exempt debt

CAPITAL LEASE TRANSACTION

The Toledo-Lucas County Port Authority can provide bond financing of large construction projects with a Capital Lease Option that enables borrowers to take advantage of sales tax savings.

  • Savings of State & Local sales tax on construction materials

  • Lease payments will fully amortize debt

  • Buyout option allows company to buy asset for $1 at the end of lease

  • Assets & liabilities are placed on the company's balance sheet

  • No Prevailing Wage Requirement

  • Reduces construction costs and improves Loan-to-Value

CONTACT: Craig Teamer, Director of Finance and Special Projects

cteamer@toledoport.org | 419.214.4182