Ohio Higher Educational Facility Commission

A public hearing regarding the proposed issuance of State of Ohio Hospital Revenue Bonds, Series 2025 for the benefit of University Hospitals Health System, Inc. The bonds will finance and refinance costs of acquiring, constructing, equipping, furnishing, installing, and improving hospital facilities of UH and its subsidiaries and affiliates at various locations.

A public hearing will be held regarding the proposed issuance of State of Ohio Higher Educational Facility Revenue Bonds for The College of Wooster 2025 Project. The bonds, not exceeding $30,000,000, will finance and refinance the costs of educational facilities at the college's main campus. The bonds are special obligations and do not constitute a debt or pledge of the taxing power of the Issuer or the State of Ohio. The public is invited to express their views on the proposed bonds and the educational facilities to be financed or refinanced.

A public hearing will be held regarding the proposed issuance of State of Ohio Higher Educational Facility Revenue Bonds for The Cleveland Institute of Music 2025 Project. The bonds, not exceeding $6,000,000, will refinance the costs of acquiring, constructing, equipping, furnishing, installing, and improving the Institute's educational facilities. The Institute, located at 11021 East Boulevard, Cleveland, Ohio, is the initial legal owner and principal user of these facilities.

The Ohio Higher Educational Facility Commission convened to discuss several key issues. A public hearing was conducted for Otterbein College's project financing, followed by an update on the college's financial status, including student retention rates and remediation expenses for the Kilgore property. The commission also discussed Tiffin University's financing, focusing on estimated interest rates for bond issues. Additionally, Hiram College presented its application, detailing plans for a new residence hall and dining facility to accommodate anticipated enrollment growth. The commission also touched on its potential membership in the National Association of Higher Educational Facility Finance Authorities and reviewed the status of the Antioch College closure.

The commission convened to discuss bond financing for Marietta College and Ohio Dominican University. Marietta College sought approval for bond issuance to finance a new library, with discussions focusing on fundraising efforts, construction costs, and financing document details. Ohio Dominican University presented a proposal for bond issuance to refinance existing bonds and finance a new student center, dormitory, and the repayment of an interim construction loan for Panther Stadium. The presentation included details on the university's progress, enrollment growth, and financial aspects of the proposed financing, with discussions on sources of repayment, tuition increases, and the feasibility of the student center budget. Additionally, there was a brief update on the Ohio Christian University project.