March 25, 2021 Meeting of the Board of Directors
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March 25, 2021 Meeting of the Board of Directors Meeting of the Board of Directors Agenda Agenda Virtual Meeting Thursday, March 25, 2021, at 8:00 a.m. Page No. I. Call to Order II. Roll Call III. Public Comment Period IV. Report and Communications from the Chair: Sharon Speyer A. Presentation from Derrick James with Amtrak V. Report of the President and CEO: Thomas J. Winston VI. Consent Agenda A. Approval of Previous Meeting Minutes: January 28, 2021 5-10 B. Consider Final Expenditures through December 31, 2020 11-18 C. Consider Transfer of Funds for 2020 Operating Budget 19-20 D. Consider Expenditures through February 2021 21-31 E. Consider Rates for Dredged Disposal at Facility No. 3 32-34 a. Exhibit A 35 F. Consider Amendment to Resolution No. 17-20 to Update Certain 36-39 Definitions Related to the Residential PACE Program G. Consider Fire Alarm Upgrade and Replacement of Boilers at One 40-41 Maritime Plaza H. Financing Programs Dashboard 42 I. BetterBuildings Northwest Ohio Dashboard 43 J. Northwest Ohio Bond Fund Trustee Report 44 K. Eugene F. Kranz Toledo Express Airport Statistics 45 L. Amtrak Statistics 46 M. Diversified Contractors Accelerator Program Report 47 2 March 25, 2021 Meeting of the Board of Directors Agenda VII. Recommendations and Reports from Standing Committees A. Finance & Development Committee: John S. Szuch, chair 1. Consider Financing for Downtown Toledo Development Corporation 48-49 2. Consider H2Ohio Grant Agreement with Ohio Department of Natural 50-52 Resources for Duck Creek Stream and Wetland Restoration Project a. Exhibit B 53 3. Consider H2Ohio Grant Agreement with Ohio Department of Natural 54-56 Resources for Clark Island Restoration Project Engineering and Design a. Exhibit C 57 4. Consider Amendment Related to the Outstanding Variable Rate 58-62 Demand Economic Development Revenue Refunding Bonds, Series 2016 (St. Francis De Sales High School) for the Purposes of Financing and/or Refinancing Costs 5. Consider Issuance of Revenue Bonds to Finance the Costs of 63-77 Acquiring, Constructing, Installing, Equipping, and Improving Energy Efficiency and Advanced Energy Improvements in Support of Toledo Colony Apartments, LLC ($7 Million) 6. Consider Issuance of Revenue Bonds to Finance the Costs of 78-89 Acquiring, Constructing, Installing, Equiping, and Improving an Approximately 262-unit apartment complex with a 12,710 square foot clubhouse/retail area in Support of Toledo Colony Apartments, LLC ($35 Million) B. Planning & Operations Committee: William J. Carroll, chair 1. Consider Ohio Environmental Protection Agency Diesel Mitigation 90-91 Grant and Purchase and Installation of Electric Vehicle Charging Equipment in Downtown Garages Government, Community & Human Relations Committee: James M. C. Tuschman, chair 1. Consider Community Economic Development Initiative Grant to 92-93 Friends of Lucas County Children Services a. Exhibit D 94-96 2. Consider Community Economic Development Initiative Grant to The 97-98 First Tee of Lake Erie 3 March 25, 2021 Meeting of the Board of Directors Agenda a. Exhibit E 99 VIII. Other Business IX. Adjournment 4 March 25, 2021 Meeting of the Board of Directors Agenda Item VI (A) Meeting Minutes of the Board of Directors Thursday, January 28, 2021 ROLL CALL The first meeting in 2021 of the Toledo-Lucas County Port Authority Board of Directors was called to order virtually via Zoom at 8:00 a.m. on Thursday, January 28, 2021. Attendance was taken by roll call: Chair Speyer- present; Vice Chair Fleetwood- present (8:05 a.m.); Carroll-present; Cowell-present (8:04 a.m.); Cutcher-present (8:06 a.m.); Hall-present; Mann-present; Szuch-present; Tuschman-present; Velasquez- present; Whitney-present. All members attended the meeting via video conference or teleconference. The following members were absent: Rich Rankin and Nadeem S. Salem. PUBLIC COMMENT PERIOD Chair Speyer requested comments from the public. Hearing none, she proceeded with the order of business. REPORT AND COMMUNICATIONS FROM THE CHAIR: SHARON SPEYER In reviewing 2020 and looking forward to 2021, Chair Speyer stated that the Port Authority team, led by Mr. Winston, continues to do an exceptional job, noting that Port Authority activities continue to be robust. She also reminded the Board of Directors that the Eugene F. Kranz Toledo Express Airport (the” Airport”) study is ongoing and, once complete, will assist in future endeavors for TEA. REPORT OF THE PRESIDENT AND CEO: THOMAS WINSTON Mr. Winston reflected on the past year and the actions taken to continue to support the mission and activities of the Port Authority despite the pandemic. He stated that challenges from COVID-19 will continue but the Port Authority will take the appropriate measures to meet its goals and objectives. Mr. Winston also recognized the staff, announcing the retirement of Jeff Poling who has worked in the Airport maintenance division for 26 ½ years. He recognized the administrative staff for receiving the highest rank possible by the Ohio Auditor of State for the Port Authority’s continued commitment to transparency. Further, Mr. Winston recognized the passing of J. Patrick Nicholson, former Board member and chairman. Mr. Winston reported that the solar initiative at Overland Industrial Park is progressing and panels are now being installed, and that the Cleveland Cliffs project continues to move forward, noting that the fourth quarter of 2020 was very successful as the production of hot briquette iron (HBI) began in December and the company hopes to begin shipping the end of the first quarter 2021. 5 March 25, 2021 Meeting of the Board of Directors Agenda Item VI (A) Further, Mr. Winston presented an overview of the 2021 priorities, consistent with the strategic areas of focus: 1) financial growth and sustainability; 2) implement and sustain a robust capital improvement plan; 3) real estate development/building and facility management; 4) enhancement and expansion of financial programs; and 5) creating and fostering community and economic development initiatives/partnerships. Mr. Winston entertained questions from the Board. Director Tuschman asked for an update on the BetterBuildings Northwest Ohio project; Mr. Winston stated that there currently are several projects in the pipeline and Energy Bond #8 is anticipated to be brought to the Board for approval in the coming months. CONSENT AGENDA Chair Speyer presented the following Consent Agenda, copies having been distributed in advance to all directors, and asked if there were any comments or questions. Hearing none, upon motion made by Director Carroll to adopt the Consent Agenda and seconded by Director Fleetwood, a roll call vote was taken with the following responses: Speyer-yes; Fleetwood-yes; Carroll-yes; Cowell-yes; Cutcher-yes; Hall-yes; Mann-yes; Szuch-yes; Tuschman-yes; Velasquez-yes; Whitney-yes; thus, the Consent Agenda was unanimously adopted as submitted. A. Approval of Previous Meeting Minutes: December 17, 2020 Motion B. Consider Expenditures through December 31, 2020 Motion C. Consider Lease with Ann Arbor Railroad, Inc. for Land at Eugene Res. No. F. Kranz Toledo Express Airport 1-21 D. Financing Programs Dashboard E. Better Building Northwest Ohio Dashboard F. Northwest Ohio Bond Fund Trustee Report G. Eugene F. Kranz Toledo Express Airport Statistics H. Seaport Statistics I. Amtrak Statistics RECOMMENDATIONS AND REPORTS FROM STANDING COMMITTEES FINANCE & DEVELOPMENT COMMITTEE CONSIDER ISSUANCE OF REVENUE BONDS TO FINANCE COSTS OF ACQUIRING, CONSTRUCTING, IMPROVING, EQUIPPING, AND FURNISHING OF PUBLIC INFRASTRUCTURE IN SUPPORT OF QUARRY TRAILS PHASE 1 DEVELOPMENT IN COLUMBUS, OHIO ($6,000,000) 6 March 25, 2021 Meeting of the Board of Directors Agenda Item VI (A) Director Szuch reported that the Port Authority has been requested to issue up to $6 million in tax-exempt development revenue bonds through the Northwest Ohio Bond Fund for the benefit of the Marble Cliff Quarry New Community Authority. The Project will benefit private development to be undertaken by Marble Cliff Canyon, LLC, a subsidiary of Thrive Companies, consisting of a planned community comprised of a total of 43,000 sq. ft. of class A office, 943 apartment units, 283 for-sale single family homes, 217 for- sale townhomes and flats, and community amenities located within the city of Columbus, Ohio. The Developer estimates the total investment for the development to be in excess of $597 million. The Finance & Development Committee recommended adoption of a resolution authorizing the issuance of up to $6 million in tax-exempt development revenue bonds through the Northwest Ohio Bond Fund for the benefit of the Marble Cliff Quarry New Community Authority as detailed above. After discussion, upon motion by Director Tuschman and seconded by Director Fleetwood, a roll call vote was taken with the following responses: Speyer-abstained; Fleetwood-yes; Carroll-yes; Cowell-yes; Cutcher-yes; Hall-yes; Mann-yes; Szuch-yes; Tuschman-yes; Velasquez-yes; Whitney-yes; thus, RESOLUTION NO. 2-21 CONSIDER ISSUANCE OF REVENUE BONDS TO FINANCE COSTS OF ACQUIRING, CONSTRUCTING, IMPROVING, EQUIPPING, AND FURNISHING OF PUBLIC INFRASTRUCTURE IN SUPPORT OF QUARRY TRAILS PHASE 1 DEVELOPMENT IN COLUMBUS, OHIO ($6,000,000) was adopted. The resolution in its full text is incorporated in the Resolutions Journal of the Port Authority. PLANNING & OPERATIONS COMMITTEE CONSIDER CONTRACT FOR DESIGN OF DOCK IMPROVEMENTS LOCATED AT FACILITY NO. 1 (DGL CONSULTING ENGINEERS, LLC) Director Carroll, chair of the Planning