State SIB Series 2016-1: City of Columbus

State SIB Series 2016-1 financed street improvements, including constructing an “S” curve on Hamilton Road, relocating a portion of State Route 161, reconfiguring the exit ramp at State Route 161, and improving the entry ramp.

The bonds were dated June 1, 2016, and construction on the financed projects was completed in November 2016.


Borrower: City of Columbus

Total Project Cost: $8,980,000

Bond Par Amount: $7,900,000

Bond Interest Rate: 2.97%

Term: 20 years

Primary Repayment Source: Limited Tax General Obligation

State SIB Series 2014-1: Water Street Parking/Infrastructure Project

State SIB Series 2014-1 financed construction of a 480-space public parking structure for Phase I of an economic development project in the downtown Dayton riverfront area. The project included construction of the parking structure, street upgrades and new pedestrian and riverfront landscaping.

The project was completed in December 2015.


Borrower: City of Dayton

Total Project Cost: $6,040,000                               

Bond Par Amount: $3,540,000

Bond Interest Rate: 3.49%

Term: 22 years

Primary Repayment Source: Non-Tax Revenues

Federal SIB Series 2009-1: The Banks Intermodal Parking Garage

The Banks Intermodal Transit Facility consists of a multi-level parking structure of approximately 1040 spaces linking the Cincinnati Riverfront Transit Center to the City of Cincinnati’s central business district. The bond financing is one piece of a larger project, which encompasses an area of more than 120 acres with an estimated $135 million investment.


Project Sponsor: Hamilton County                                

Total Project Cost: $29,000,000

Project Completion Date: May 2010

Date of Bond Closing: July 16, 2009

Bond Par Amount: $11,685,000

Interest Rate: 3.97%

Term: 10 years

Pledged Repayment Sources: County Sales Tax, Parking System Revenue bonds

State SIB Series 2017-1: Licking County

The bonds were issued for the purpose of providing moneys to fund a loan to finance street improvements, which include the acquisition, construction, equipping, and installation of road improvements, right-of-way purchases and
issuance costs associated with the widening of State Route 310 from Interstate 70 to U.S. 40, to pay capitalized interest during construction of the Project, to fund a debt service reserve fund, and to pay certain costs of issuance of the Bonds.


Project Sponsor: Licking County Transportation Improvement District                                

Project Completion Date: May 2010

Date of Bond Closing: June 8, 2017

Bond Par Amount: $4,475,000

Interest Rate: 3.16%