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Dayton adopts policy to consider conduit financing for nonprofit projects, sets 1% fee
Summary
The council voted 4-1 to adopt a policy allowing the city to act as a conduit issuer for tax-exempt bonds on behalf of qualifying projects and set a baseline processing fee of 1% of the bond amount, negotiable in special cases.
The Dayton City Council on April 22 approved a policy to allow the city to serve as a conduit issuer for tax-exempt (private-activity) bond financing for eligible projects, and set a baseline host/processing fee of 1% of the bond par amount.
Jason Arzvold of Ehlers briefed council on conduit bonds—municipal bonds issued on behalf of private or nonprofit borrowers so those borrowers can access tax-exempt…
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