Port Authority history and capabilities for Middletown

1. Butler County Port Authority
Innovation & Ideas for Today and Tomorrow

2. Port Authorities in Ohio
Port Authority Locations
4582 Ohio Revised Code
Ohio Council of Port Authorities
http://ohioportauthorities.com

3. Vision Statement
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Mission Statement: Use powers to enhance, support, facilitate and coordinate
the economic health of Butler County while validating new opportunities within
our confines as prescribed in the Ohio Revised Code.
Capabilities and Advantages of Port Financing
•Partnerships – multi-jurisdictional
•Offers long term financing
•Fixed rate and lower interest rates
•Sales tax exemption
•Profit and non-profit organizations
•Conduit for balance sheet and
operating leases – possible lease
cost and tax savings
•Conduit for Grants – Example MRH Deconstruction

4. Butler County Port
Authority Projects from
2005 to 2013
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Quaker Chemical $10M – 40 jobs*
Middletown Regional Hospital Deconstruction $9.1M
– 2,600 jobs retained and created*
YMCA $17.7M – 908 jobs retained*
Electric Lock Switch – 200 jobs retained $100K*
Intermodal Rail Study *
Intelligrated $8.6M – 267 jobs created
Western States in 2012 and Public Hearing in July
2013 - $4.6M
Maple Knolls Communities, Inc - $75M – 600 jobs
Local Government Innovation Grant - $100K in 2012
* Projects started in 2007

5. Middletown Regional Hospital Deconstruction

6. Duke Energy Grant of $10,000 for
LGIF and Transportation Study
Butler County Port Board, Tim Abbot of
Duke Energy and Commissioner Rogers

7. Middletown & BCPA
Quaker Chemical Expansion
2008-2010
Board Meeting at the Chamber
in October 2010

8. The Board Members are volunteers and other people volunteer as well..
Programs & Outreach 2009-2013
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Ohio Brownfield Conference 2009
Seminar on Port Authority
Capabilities
Stimulus Bond Seminar 2009
University of Dayton Riverfront
Conference
Art Means Business Program for
Leadership Hamilton 2010
Local Government Innovation
Fund Integrated Development
Budget
Volunteer

9. Economic Development Collaborative Value of BCPA
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$125,000,000 in projects
Over 3,000 jobs retained or created
Local Government Innovation Fund Grant $100,000 Butler
County Land Reutilization Corporation formed - Recently
discussed Phase 2 Grant that will require a fiscal agent
Three projects starting in 2007/2008 in Middletown with a
$30M investment and over 3,000 jobs retained

10. How did we get here? History…
The Port Authority was created but not funded by an enabling
legislation by the Commissioners in 2004 on July 26th. Brief
history of the port authority:
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Port Authority separates from TID in 2007
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Port Authority has three major projects of over $30M all located
in Middletown with fees of nearly $200,000 in 2007 and 2008 - Factor for consideration: If the BCPA was not formed in 2004
those projects could have been done by ports in other counties
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Growth and the need to manage projects results in the Exec.
Director hired in 2008

11. Advantages and Benefits
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Long-term debt financing utilizing bonds
Off Balance sheet capital or ground leases
Cost reduction incentives on project development
Third Party Grant management on a regional or
statewide basis
Projects are in the $2M to $10M generally with
several large projects such as Maple Knolls at $75M

12. Future Partnerships and Collaboration with
the City of Middletown
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Workforce Development with Ohio Development
Services and Cincinnati State
Projects at the Airport, Downtown, Industrial and
Commercial Parks, Malls etc.
Technology Infrastructure Projects
Manufacturing