NEWS RELEASE
DEFIANCE
COUNTY COMMISSIONERS
MONDAY, MARCH 26, 2012
The
Board of
The
Commissioners met in General Session and approved and signed various
resolutions, contracts and documents.
The Commissioners also reviewed the calendar of events and discussed
upcoming meetings.
Jerry Arkebauer, Regional Port Authority of
Northwest Ohio, and Jerry Hayes and Jared Orzolek, Defiance County Economic
Development, met with the Commissioners regarding the proposed issuance of a
qualified Internal Revenue Code Section 144 small-issue bond for a
manufacturing facility, as the Authority’s Development Revenue Bonds, Series
2012 (FWT, L.L.C. Project) (Tax-Exempt Bonds), in a principal amount not to
exceed $7,000,000. The proceeds of the Bonds are to be used to assist FWT,
L.L.C., a Texas limited liability company authorized to do business in the
State of Ohio in financing a portion of the costs of the acquisition and
installation of manufacturing machinery and equipment to be used at the
Company’s approximately 317,000 square foot plant, and to pay certain expenses
incurred in connection with the issuance of the Bonds, not to exceed 2% of the
sale proceeds, including the cost of any credit enhancement connected with the
equipment financed with the Bonds. The Project is located in the Village of
Hicksville, Ohio at 761 W. High St., Defiance County. The Project will be owned
and operated by the Company to manufacture steel power poles and structures for
the communications and utilities industries and to promote economic development
and increase employment within the Village and the State of Ohio. The Bonds
will be special obligations of the Authority payable solely from funds provided
by the Company and will not constitute a debt or a pledge of the faith and
credit or the taxing power of the State, the Authority, the Village, or any
agency, instrumentality or political subdivision of the State.
Warren Schlatter, Defiance
County Engineer, met with the Commissioners for an update. Warren informed the
Board that roadside grading work was done on Hammersmith Road last week and
will be started on The Bend Road this week. Beams were set on the Bostater Road
Bridge last week. The deck will be poured either this week, or next week.
Steve Snyder, District
Conservationist, met with the Commissioners to request permission for the
employees at the Evergreen Lane Office Complex to create a garden, that will be
maintained by employee’s donations and donated time (during non-working hours),
with the harvest going to local food pantries. The Board approved proceeding
with the project, as long as no employees work on the garden during their
working hours.
Steve Flickinger and Linda
Maag, State Auditors, met with the Board of Commissioners and the Audit
Committee for an Entrance Audit Meeting.
The Commissioners attended
the Four County Solid Waste District Board of Directors Meeting at Defiance
County East. This meeting was to meet with State Legislators to discuss pending
legislation that will affect solid waste management.
Release Approved: ____________________________________________________
Thomas L. Kime, Defiance
County Commissioner