Ohio Air Quality Development Authority

The meeting included discussions and resolutions regarding financial assistance for air quality facilities. Approvals were given for Rumpke Consolidated Companies, Inc. to finance waste disposal facilities, Artem on Gay, L.P. for a multi-family residential building, and 4406 Springfield St. Property, LLC for energy conservation measures. The Executive Director provided updates on the state operating budget and the Solar for All federal award implementation. The board also discussed requests from borrowers, including subordination to senior debt holders for multi-family housing projects.

The meeting included a public hearing and resolutions regarding bond issuances for Rumpke Consolidated Companies, Inc., and Marion County Solar Project, LLC. Discussions covered the construction and expansion of waste disposal facilities, solar energy projects, and energy conservation measures for multi-family residential projects. The board also discussed and approved a strategy for solar workforce development and salary rate adjustments for authority employees. The board also discussed financial products, credit analysis, and key credit metrics to consider for borrowers.

The Ohio Air Quality Development Authority held a meeting to discuss several resolutions, including approving revisions to OAQDA policies related to federal funding, and the issuance and sale of air quality revenue bonds for Citadel Beechmont, LLC. Also discussed was the issuance of revenue bonds for 2600 Lorain, LLC, integrating requirements of National Clean Investment Fund and Solar for All federal funding awards, and authorizing an investment policy. The board also discussed professional services for underwriting, investment, financial advisory, strategic communications, marketing and public relations.

The meeting included a presentation of the 2024 Financial Audit by Rea & Associates, which highlighted a clean federal compliance audit and a restatement for the Solar Generation Fund due to an internally discovered accounting error. The Executive Director's Report covered updates on conduit bonds, the operating budget process, preparations for implementing federal awards, and a condensed version of the 2024 Annual Report, emphasizing efforts to expand outcomes to Appalachia and other rural communities. The board also authorized the printing and distribution of the annual report. An executive session was held to consider the employment and/or compensation of public employees or officials.

The meeting included discussions and resolutions regarding financial assistance and bond issuance for various projects. Approvals were given for air quality revenue bonds and grant assistance for Brett Moes Body Shop, LLC. An inducement resolution was approved for Artem on Gay, L.P., concerning the financing of air quality facilities. Another inducement resolution was passed for Kingsley Consulting, LLC, related to the financing of air quality facilities. The board also discussed revisions to project approval processes and expense management, and reviewed communications and marketing strategies. An executive session was held to discuss the employment or compensation of public employees or officials, and a resolution was approved for expenditure in accordance with the Robert Half agreement.