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City of Akron, Ohio 2014 Annual Informational Statement

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City of Akron, Ohio 2014 Annual Informational Statement CITY OF AKRON, OHIO 2014 ANNUAL INFORMATIONAL STATEMENT The City of Akron intends that this Annual Informational Statement will be used (1) together with information to be specifically provided by the City for that purpose, in connection with the original offering and issuance by the City of its bonds, notes and other obligations and (2) to provide information concerning the City on a continuing annual basis. Questions regarding information contained in this Annual Informational Statement should be directed to Diane L. Miller-Dawson, Director of Finance, City of Akron, Municipal Building, 166 South High Street, Akron, Ohio 44308; telephone 330-375-2316; facsimile 330-375- 2291; email [email protected]. The date of this Annual Informational Statement is September 01, 2014 REGARDING THIS ANNUAL INFORMATIONAL STATEMENT The information and expressions of opinion in this Annual Information Statement are subject to change without notice. Neither the delivery of this Annual Informational Statement nor any sale made in connection with the delivery should, under any circumstances, give rise to any inference that there has been no change in the affairs of the City since the date of this Annual Informational Statement. TABLE OF CONTENTS Page Cover Page ............................................................................................................................ 1 REGARDING THIS ANNUAL INFORMATIONAL STATEMENT ........................ 2 TABLE OF CONTENTS .................................................................................................. 2 INTRODUCTORY STATEMENT .................................................................................. 6 THE CITY ........................................................................................................................... 7 General ..................................................................................................................... 7 City Government ...................................................................................................... 7 Employees ................................................................................................................ 9 Facilities ................................................................................................................... 12 Capital Investment Program .................................................................................... 13 Community and Economic Development Programs ............................................... 14 Economic Development Program ............................................................... 14 Selected Updates ............................................................................. 14 Map 1; Industrial Parks, JEDDS, & Biomedical ............................ 16 Sweitzer Avenue Industrial Development Project ......................... 17 Bridgestone/Firestone Technical Center ......................................... 17 Goodyear Tire & Rubber Company Project ................................... 17 Akron Global Business Accelerator ............................................... 18 Ascot Industrial Park ....................................................................... 20 West Akron ..................................................................................... 22 South Akron Redevelopment; Akron Square ................................. 22 Airport Development Area ............................................................. 23 Massillon Road Industrial Park ....................................................... 23 North Turkeyfoot Industrial Park ................................................... 24 Central Business District (CBD) Development Program ........................................ 24 Cascade Renewal/Plaza Project ...................................................... 24 Canal Park Stadium ......................................................................... 24 O’Neil’s Building ............................................................................ 25 Map 2; Central Business District .................................................... 26 Akron’s Historic District at Main and Market ................................ 27 Akron-Summit County Library System ......................................... 27 Akron Art Museum ......................................................................... 27 Summa Health Systems Inc. ........................................................... 27 Downtown Strategic Plan; Downtown Akron Partnership ............ 28 Akron Biomedical Corridor ............................................................ 28 Other CBD Developments .............................................................. 31 City-Wide Programs and Projects ............................................................... 32 Highland Square Redevelopment ................................................... 32 Akron Community Learning Centers ............................................. 32 Brownfield Projects ......................................................................... 32 Neighborhood Development Program ........................................................ 33 Neighborhood Business District (NBD) Projects ........................... 33 2 Neighborhood Housing Development Projects .............................. 33 New Residential Construction ........................................................ 34 Joint Economic Development Districts ................................................................... 35 Historical JEDD Revenues ............................................................. 38 Land Use/Annexation .............................................................................................. 39 Economic and Demographic Information ............................................................... 39 Population .................................................................................................... 39 Employment................................................................................................. 40 Domestic & International Marketing .......................................................... 42 Outreach Assistance .................................................................................... 43 Small Business Assistance .......................................................................... 43 Income ......................................................................................................... 43 Housing and Building Permits .................................................................... 44 Sewer System ........................................................................................................... 45 General ......................................................................................................... 45 Capital Improvements ................................................................................. 45 Employees ................................................................................................... 46 Service Area and Users ............................................................................... 47 Sewer Rates ................................................................................................. 49 Billing; Delinquent Sewer System Bills...................................................... 50 Historical Operating Results........................................................................ 51 Water System ........................................................................................................... 51 General ......................................................................................................... 51 Water Supply, Treatment and Distribution ................................................. 52 Capital Improvements ................................................................................. 53 Employees ......................................................................................................... 54 Service Area and Users ............................................................................... 55 Water Rates .................................................................................................. 58 Billing; Delinquent Water System Bills ...................................................... 58 Historical Operating Results........................................................................ 59 Other Utilities ........................................................................................................... 60 Solid Waste Collection and Disposal System ............................................. 60 Heating and Cooling .................................................................................... 60 Natural Gas; Electricity ............................................................................... 61 Transportation .......................................................................................................... 61 Education .................................................................................................................. 62 Akron City School District .......................................................................... 62 The University of Akron ............................................................................. 63 Other Schools .............................................................................................. 63 Health Care ..............................................................................................................
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