City of Lebanon AgendaPacket City Council Meeting 2026-06-09
Warren County Port Authority to Issue Arrow Springs Bonds
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Description
Lebanon entered into an agreement with the Warren County Port Authority to issue up to $7.5 million in bonds for Arrow Springs public infrastructure, with funding repaid through TIF revenues over a 30-year period.
Contract Details
Contract Amount
Not to exceed $7,500,000 (bond issuance for initial phase)
Vendor
WARREN COUNTY PORT AUTHORITY
Agency
City of Lebanon, OH
Contract Type
FINANCIAL_SERVICES
Document Date
June 9, 2026
Contract Term
Up to 30 years (bonds maturing December 1, 2058)
Renewal Date
2058-12-01
Renewal Info
Annual WCPA administrative fee at .35% of outstanding principal, bond trustee fee at .10% or $3,000 minimum. Bonds due December 1, 2058.
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