The Arkansas Development Finance Authority assisted in the expansion project financing by issuing industrial revenue bonds
The Company worked with the City of Olathe and has been approved for both Industrial Revenue Bonds
and a tax abatement to develop the project.
IDA is a conduit agency that issues tax-exempt industrial revenue bonds
to assist eligible commercial, industrial, not-for-profit and other qualified entities to finance expansion opportunities.
So the city of Osceola stepped up and agreed to do bond financing, very similar to industrial revenue bonds
, for $2 million," he said.
7 million in Industrial Revenue Bonds
was passed by the Wichita City Council with a vote of 7-0.
Pending final approval by the Board of Supervisors, the institute has secured financial backing from Fairfax County that could include the FCEDA issuing industrial revenue bonds
that private investors would purchase and would be used to support construction of the permanent headquarters.
A representative of Infigen, the Australian firm that owns the Caprock Wind Farm, and a bond attorney, on December 8, 2014, asked for authorization from the Quay County Commission to seek industrial revenue bonds
for the project.
During his five-year tenure, his office completed more than $130 million in tax increment financing projects, including Gallery Place, the Spy Museum and the Mandarin Hotel; more than $3 billion in industrial revenue bonds
transactions for other commercial, educational and cultural projects; and has built 13,000 units of affordable housing.
The city has also anticipated $20 million in industrial revenue bonds
Under Arkansas Act 9 of 1960, cities and counties are authorized to issue industrial revenue bonds
to help private companies.
Farr continued, "Highland is expected to arrange financing from a variety of sources that may include Industrial Revenue Bonds
, equity and grants.
announced today that on November 4, 2002, they agreed to the terms of the issuance by JEDA and the purchase by SunTrust Capital Markets for public distribution thereafter of JEDA's $90,425,000 principal amount Industrial Revenue Bonds
(South Carolina Electric & Gas Company Project), Series 2002A and 2002B.