Butler County Port Authority

1
Butler County Port Authority

• Economic Development through long-term project
  financing

2
Butler County Port Authority 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.

3
Background on Port Authorities

• Port authorities were historically created to
  administer maritime activities
• Large-scale economic development projects through
  both public and private financing.

4
Port Authority Powers
Formation

• Formation by Legislation of City Council/Township
  Trustees/County Commissioners and any additional
  entities joining in the formation of the
  Authority
• Governed by a Board of Directors

5
Ohio Port Authorities
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Port Authorities Economic Impact

• 6.5 billion annual economic impact
• 2.4 billion - 10 years
• 20,000 jobs - 413 million

Ohio Dept. of Development Ohio Council of Port
Authorities
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Economic Development Collaboration

• Butler County
• City of Hamilton
• City of Middletown
• City of Fairfield
• City of Monroe
• City of Trenton
• City of Oxford
• Greater Hamilton Chamber of Commerce
• Oxford Chamber of Commerce
• Fairfield Chamber of Commerce
• Liberty Township Economic Development
• West Chester Development Council
• Middletown, Monroe and Trenton Chamber of
  Commerce
• Cincinnati USA Partnership

8
Port Authority Capabilities

• Long term financing
• Improves debt to equity ratios
• Real estate is not considered an asset
• Depreciation does not get expensed
• Preserves lines of credit
• Sales tax exemption

9
Financing

• Industrial Revenue Bond Loan
• Industrial Revenue Bond Lease
• Conduit Operating Lease/Off-Balance Sheet
• Pooled Bond Fund, BCPA as issuer

10
Financing and Funding

• Pooled Bond Fund, another Ohio Port Authority as
  issuer
• Long-Term Fixed-Rate Bond Fund Financing (non-
  Tax Increment Financing)
• Long-Term Fixed-Rate Fund Financing
  (TIF/Infrastructure special assessment)
• Grants

11
Transportation

• Butler County Transportation Improvement District
• OKI Freight Working Group

12
Butler County Port Authority Projects
Accomplishments

• Intermodal Freight Study
• Electric Lock (CSX line for 3 companies)
• Middletown Regional Hospital Atrium Medical
  Center
• Quaker State Chemicals
• YMCA

13
Butler County Business Resources

• Butler County Economic Development
• Butler County Port Authority
• City and Township Economic Development

14
Butler County

• Butler County, Ohio has an extensive database of
  available commercial land and buildings

15
Partnerships
Chambers of Commerce
Planning OKI
16
Economic Development
Resources
ODOD
Financing Projects
Customer Expectations
Partners
Butler County Port Authority
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Meeting Customer Expectations

Butler County Port Authority
Customer Expectations
18

• More information on the BCPA contact Mike
  Campbell
• Phone [phone]
• Fax [phone]
• Email rcampbell_at_butlerport.org
• Web page www.butlerport.org