Northeast Ohio Areawide Coordinating Agency Awards Financial Services Contract to Ohio State Infrastructure Bank (sib) (September 2026)

NOACA authorized its Executive Director to execute State Infrastructure Bank loan documents for the Hilliard Road Bridge project. The financing covers NOACA's current $12.5 million commitment and could support a total commitment of $32.5 million, with a 16-year repayment term funded through STBG allocations.

Document date · September 18, 2026

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Scope & details

The full contract record, as filed.

Contract amount

$12.5 million currently approved; up to $32.5 million total including the requested additional $20.0 million in STBG funding

Contract type

FINANCIAL_SERVICES

Contract term

16 years, including a 1-year interest-free period and 15 years of amortization; biannual repayments in July and January

Document type

Resolution

Source document

Northeast Ohio Areawide Coordinating Agency Resolution Resolution 2026-044: Authorization to Execute State Infrastructure Bank (SIB) Loan Documents for Hilliard Road Bridge 2026-09-18

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Northeast Ohio Areawide Coordinating Agency?

Ohio State Infrastructure Bank (sib) was awarded this financial services contract by Northeast Ohio Areawide Coordinating Agency, as recorded on September 18, 2026. The contract value is $12.5 million currently approved; up to $32.5 million total including the requested additional $20.0 million in STBG funding.

How much is the Ohio State Infrastructure Bank (sib) contract with Northeast Ohio Areawide Coordinating Agency worth?

The Ohio State Infrastructure Bank (sib) contract with Northeast Ohio Areawide Coordinating Agency is valued at $12.5 million currently approved; up to $32.5 million total including the requested additional $20.0 million in STBG funding, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a resolution record.

Where was this contract approved?

This contract appears in Northeast Ohio Areawide Coordinating Agency Resolution Resolution 2026-044: Authorization to Execute State Infrastructure Bank (SIB) Loan Documents for Hilliard Road Bridge 2026-09-18 (Resolution), dated September 18, 2026 from Northeast Ohio Areawide Coordinating Agency. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Ohio State Infrastructure Bank (sib) hold?

Ohio State Infrastructure Bank (sib) may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Ohio State Infrastructure Bank (sib)'s profile

What is Northeast Ohio Areawide Coordinating Agency currently buying?

Explore Northeast Ohio Areawide Coordinating Agency's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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