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Gahanna to serve again as conduit issuer for Columbus Academy bonds; emergency timing sought to meet Jan. 1 closing
Summary
City staff asked council to approve conduit issuance for Columbus Academy to refinance 2019 bonds and finance a new facilities building; administration said the city takes no financial risk and requested expedited scheduling to meet a Jan. 1, 2026 closing and related public hearing requirements.
Gahanna officials on Nov. 24 introduced a request for the city to act as a conduit issuer for tax‑exempt revenue bonds for Columbus Academy, allowing the nonprofit school to refinance prior debt and fund a new facilities building tied to recent campus renovations. Director (Economic Development) said the city’s role is procedural and stressed there is "no commitment of city resources, debt capacity, or guarantees" in the transaction.
The administration and…
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