FINANCIAL_SERVICESAPPROVED

Cleveland-Cuyahoga County Port Authority Board Meeting Minutes December 2025

Port OKs $25M taxable bonds for Belle Oaks Bldg 2

Aggregate principal amount not to exceed $25,000,000 (taxable development lease revenue bonds)Cleveland-Cuyahoga County Port AuthorityBELLE OAKS MARKETPLACE PHASE 1A PROJECT - BUILDING 2 (BENEFICIARY OF BONDS)December 11, 2025

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Description

The Port Authority approved issuing up to $25 million in taxable development lease revenue bonds for Belle Oaks Marketplace Phase 1A Building 2. The financing structure includes ground leases, leases, a construction manager agreement and assignment, a bond purchase agreement, and a mortgage to support project costs in Richmond Heights.

Contract Details

Contract Amount

Aggregate principal amount not to exceed $25,000,000 (taxable development lease revenue bonds)

Vendor

BELLE OAKS MARKETPLACE PHASE 1A PROJECT - BUILDING 2 (BENEFICIARY OF BONDS)

Agency

Cleveland-Cuyahoga County Port Authority, OH

Contract Type

FINANCIAL_SERVICES

Document Date

December 11, 2025

Issuing Agency