Canal Winchester Council Work Session Minutes February 2026
Fairfield County to Issue Bonds for Shared Regional Infrastructure Project
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Description
The city will share in the repayment of approximately $6.5 million in Fairfield County-issued general obligation bonds for road and intersection improvements at Basil-Western Road. The city’s obligation is capped at 39% of annual debt service, offset by TIF revenue and developer impact fees.
Contract Details
Contract Amount
Approximately $6.5 million in general obligation bonds (project total $12 million; city 39% share; county 61% share)
Vendor
FAIRFIELD COUNTY
Agency
City of Canal Winchester city, OH
Contract Type
FINANCIAL_SERVICES
Document Date
February 2, 2026
Contract Term
24-year general obligation bonds (expected issuance March or April 2026)
Renewal Date
2050-02-01
Renewal Info
24-year bond term; repayment split with county; city share reduced as developer and TIF revenues accrue.
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