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The City of Steubenville, Ohio Municipal Building Improvement Bonds, Series 2010

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The City of Steubenville, Ohio Municipal Building Improvement Bonds, Series 2010 PRESENTATION TO STANDARD & POOR’S BY The City of Steubenville, Ohio Municipal Building Improvement Bonds, Series 2010 is October 21, 2010 Table of Contents SECTION I: Rating Presentation by the City of Steubenville, Ohio Cathy Davison, City Manager Alyssa Kerker, Finance Director Michelle Hillstrom, Underwriter SECTION II: Strategic Plan 2010-2020 SECTION III: Statement of Financial Policy SECTION IV: Investment and Deposit Policy is City Complex is Quality of Life: Location Steubenville is the County Seat of Jefferson County, Ohio. The City is located in the tri- State Region of Ohio, Pennsylvania and West Virginia. Due to it proximity, the City is considered a suburb of Pittsburgh, Pennsylvania. is Downtown Pittsburgh is 36 miles from the Veterans' Memorial Bridge, which brings U.S. Route 22 across the Ohio River and into Steubenville. More than 41,000 cars and trucks cross the Veterans' Memorial Bridge daily. Page 2 is Quality of Life: Location Continued Downtown Steubenville is less than 30 miles from the Pittsburgh International Airport. The drive from Steubenville to the Pittsburgh airport is often quicker than from downtown Pittsburgh. The completion of the Findlay Connector shortened the drive time even further. The Jefferson County Airpark is expanding its runway to 4,400 feet to accommodate larger airplanes. An extension to 5,000 feet is being planned. Fuel, hangars and conveniences for pilots are available at the Airpark. Jefferson County has six ports on the Ohio River, more than iasny other county in Ohio. The Ohio River carries more freight tonnage than the Panama Canal and is at only 30 percent capacity. Steubenville is serviced by the four-lane Highways U.S. Route 22 and State Route 7. Interstates 70, 76 and 79 are 30 miles away. Improvements to U.S. 22 have helped make Pittsburgh an easy commute. It allowed Wal-Mart to build a massive 880,000-square-feet distribution center near the interchange with S.R. 43. The US 22/US 36/OH 16- corridor continues to hold promise as the most direct route between Pittsburgh and Columbus. Page 3 is Quality of Life: Cultural Foundation History: Steubenville and the communities that surround it, were historically defined by the steel industry. Corporations such as Mittal Steel (formerly Weirton Steel) and Severstal International (formerly Wheeling-Pittsburgh Steel Company), as well as various coalmines operating in eastern Ohio and in nearby West Virginia reduced or eliminated their workforce in order to become more efficient and competitive against other steel producers. In its heyday during the 1960s, Wheeling - Pittsburgh Steel employed more than 9,000 people at its Steubenville operations. Present Day: Today, as the Steubenville Severstal Facility remains moth-balled, the City continues to re-invent itself. Perhaps the best feature of the City is its situation within the tri-state area. This "best-of-both-worlds" location allows residents to enjoy both small town living and also the benefits of being a "suburb" of the exciting, fast-paced city of Pittsburgh. The City’s cultural attributes include: is Those working in the Pittsburgh area enjoy significantly lower property taxes while living in Jefferson County. Steubenville City Schools is rated Excellent by the Ohio Department of Education. For a little history, education and culture, there is the Historic Fort Steuben, a reconstructed, 18th-century fort. Steubenville hosts three festivals-the Old Fort Steuben Festival, the Dean Martin Festival, and the Grecian Food Festival. The Dean Martin Festival is celebrated in honor of the actor and singer, who was born in Steubenville. Steubenville is home to many local parks including Pizza Pie Park, Beatty Park, Devonshire Park , Linda Way Park, Jim Wood Park and Belleview Park. Page 4 is Local Economy: Healthcare Trinity Health System comprises the most complete health care option in eastern Ohio. The hospital system includes Trinity East and Trinity West which has a combined capacity of over 470 beds and employs more than 1,800 people. The Health System is the City’s largest employer. The Trinity Health System Facilities include: Trinity East offers a variety of services including Skilled Care, Long-term Care, Inpatient Physical Rehabilitation and Behavioral Medicine Services (Mental Health & Addiction Recovery.) Outpatient services include physical rehabilitation, cardiac rehabilitation and associated diagnostic services. Trinity West is a full service acute care facility offering 24 hour emergency care, kidney dialysis, lithotripsy, endoscopy and related services, surgery and medical surgical inpatient units and all other diagnostic departments. is The Tony Teramana Cancer Center also provides Chemotherapy and surgical consultation services for regional residents. The Chemotherapy Services at The Tony Teramana Cancer Center is provided with compassion, privacy and optimum results. The Trinity Outpatient Endoscopy Center offers gastroenterology patients a state-of- the-art facility for endoscopy procedures. The Trinity Heart Center provides diagnosis, intervention, open heart surgery and rehabilitation for area cardiac patients. The Center opened in 2001 and has provided nearly 2,000 open heart procedures and 12,000 cardiac interventions. The Women’s Health & Birth Center provides a full array of women’s health services from childbirth to surgical recovery. Page 5 is Local Economy: Healthcare Continued Riverside Medical is a multi-specialty physicians group that provides high-quality, cost-effective health care to the Ohio Valley and is one of the City’s top employers. Riverside has locations throughout Jefferson County and offers primary care, internal medicine, cardiology, gastroenterology, neurology, general surgery, vascular surgery, pulmonology, sports medicine and infectious disease care. In downtown Steubenville, the Heart, Vascular and Rhythm Center allows cardiac patients one location for all necessary testing including EKG, stress tests and pacemaker as well as a coumadin clinic, complete lab services and more. Five board- certified cardiologists are on staff and available 24 hours a day for emergency intervention. Valley Surgery Center, opened in 2002 is located in Steubenville, is a freestanding multi-specialty surgery center owned by 15 lioscal surgeons. The Center is proud to offer state of the art equipment to provide unique surgical intervention such as CT guided sinus surgery, orthotripsy and PVP laser procedures. The "Center for Surgical Excellence" provides quality clinical and business office staff to care for its outpatient clients. Page 6 is Local Economy: Higher Education Franciscan University of Steubenville is a private school located in Steubenville that emphasizes the formation of strong, moral character and critical thinking. It enrolls over 2,000 students from all 50 states and over 40 foreign countries. It has been recognized as one of the best Catholic universities in the country by U.S. News and World Report, the Templeton Foundation, Barron's magazine, National Review and the National Catholic Register. Franciscan's business courses are the most popular in the curriculum; the elementary education program serves over 170 majors; the psychology and mental health and human services programs is have sent more than 335 graduates to 82 graduate schools throughout the country, all of whom have successfully completed their advanced degrees; the nursing graduates have achieved a high success rate in passing their state board exams; and the math, science and pre-med programs produce exemplary graduates. Franciscan University has earned an international reputation for its theology program as well. Grounded in Sacred Scripture rd and tradition, the program attracts more Franciscan University is the City’s 3 Largest Employer undergraduate theology majors than any other Catholic university or college in the country. Page 7 is Local Economy: Higher Education continued The Eastern Gateway Community College is a public, two-year institution of higher education, the college brings affordable and accessible education to the Ohio Valley. Two-year associate degrees as well as numerous certificate programs of study are offered throughout the year. The college supplies accredited classes to prepare students for a career directly after college or to transfer college credits to four-year institutions. Career preparation classes are available in the areas of business, computers, engineering and information technologies, law enforcement, pre-kindergarten care, and health sciences. Many agreements exist between EGCC and other colleges and universities for transfer of EGCC credits. EGCC now has a building dedicated to the training and retraining of the Valley's workforce. The facility contains the latest in computer technology for short- or long-term customized training. The college also offers a wide variety of noncredit classes, ranging from computers to skill building and from senior topics to fitness. The College is a focal point for many community activities. Cultural events, community service projects and entertainment activities are set throughout the year. Many nonpriosfit groups take advantage of the free use of the college's facilities. EGCC is the City’s 4th Largest Employer Page 8 is Local Economy: Commercial Base Fort Steuben Mall This is an 823,049 square foot regional retail mall anchored by Macy' s, Sears, JC Penney, and Steve & Barry' s Sportswear, with Dick' s Sporting Goods and Wal-Mart Supercenter in freestanding structures at the site. Located ¼
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