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Russell said this would be “the second deal in the bond fund,” according to the minutes.
In addition, Russell said “the goal is to bring a project to the bond fund each month as the Port works towards getting 10 deals in the fund. After 10 deals are in the bond fund, it is eligible to be rated,” according to the minutes.
Today’s anticipated resolution would authorize refinancing bonds for five years paid off from a tax-incremental financing district established during development of the racino on Ohio 63, east of Interstate 75.
The refinancing will take over the debt from the county’s general fund, Russell added today.
On Aug. 24, 2017, Warren County issued $1.95 million in bonds for the road project. A roundabout has been constructed at Greentree and Union roads, north of the racino.
RELATED: Warren County agency holds leases on racino buildings
The port authority owns the racino complex and building at Park North through a series of leases between it and companies operating in the buildings.
The board meets at 3 p.m. today in Room 350 of the Warren County Administration Building, 406 Justice Dr., in Lebanon.