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The Suburbanite
  • Stark County commissioners: Oct. 30

  • Stark County commissioners signed off on plans by the Stark County and Lake County port authorities to issue $6 million in tax-exempt bonds to help Goodwill Industries purchase its Lexington Township store and finance its new Painesville Township store.
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  • Stark County commissioners
    WEDNESDAY MEETING
    KEY ACTION
    Cleared one of the remaining hurdles for Goodwill Industries of Greater Cleveland & East Central Ohio to purchase the building it had been leasing at 12501 State St. NE in Lexington Township.
    DISCUSSION
    Commissioners signed off on plans by the Stark County and Lake County port authorities to issue $6 million in tax-exempt bonds to help Goodwill finance the $2.1 million purchase and to finance its new Painesville Township store. The Internal Revenue Code requires an elected representative to approve the issuance of the bonds, although commissioners would not incur liability. Lake County commissioners also must approve the financing plan for the Painesville Township store, which opened in September.
    Amanda Gordon, a partner with Roetzel & Andress, which is bond counsel for the Lake County authority, said the Stark County Port Authority already has designated its bond allotment for this year for another project and sought help from Lake County. She said PNC Bank is purchasing the bonds, which will be secured by Goodwill's revenues.
    Goodwill, which moved to the Lexington Township location in 2007, purchased the property from West State Street Properties, according to county records.
    OTHER ACTION
    • Agreed to seek cost estimates to remodel the Cohen-Joliet Industries building, future home of the Stark County Board of Elections. The estimated cost of the project at 3525 Regent Ave. NE in Plain Township is $880,000, which includes roughly $30,000 for asbestos removal. The money will come from the county's permanent improvement fund, which is separate from its main operating fund. Commissioner Thomas Bernabei said the project is expected to be completed by May, but it is unlikely the elections board will be able to host the May primary at the new site.
    • Renewed the one-year lease with Cheese-N-Crackers Deli for space at the Stark County Courthouse for $100 a month. The terms of the lease remain the same.
    UP NEXT
    Meet at 9:30 a.m. Monday for a work session on the second floor of the Stark County Office Building at 110 Central Plaza S. in Canton.