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Gahanna approves up to $15 million in conduit bonds for Columbus Academy project
Summary
After a public hearing and brief explanation from bond counsel, Gahanna City Council adopted Ordinance 0053-2025 authorizing issuance and emergency adoption of up to $15 million in economic development/refunding revenue bonds for the Columbus Academy Project; the city will act as conduit issuer and the school is responsible for repayment.
Gahanna City Council adopted emergency legislation authorizing up to $15,000,000 in economic development improvement and refunding revenue bonds for the Columbus Academy Project at 4300 Cherry Bottom Road.
During the public hearing required by the Internal Revenue Code, bond counsel Ally Kimbler (Dinsmore & Shohl) explained that the city would serve solely as conduit issuer, that the bonds…
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