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Morrow County commissioners end finance agreement with Delaware County authority
Summary
At their June 22 meeting, commissioners approved terminating an intergovernmental agreement with the Delaware County Finance Authority after the county’s development authority said it can now handle most financing in‑house; the county will still request bond financing from Delaware County on a case‑by‑case basis.
Morrow County commissioners voted June 22 to terminate an intergovernmental agreement with the Delaware County Finance Authority, a change the county’s development authority said is possible now that it has an in‑house development operation.
Jamie, executive director of the county’s development authority, told commissioners the county formed its own development organization in December 2022 and has reached the point where it can perform most financing functions internally. “We now feel that we have established ourselves well enough that we no longer need the services of the Delaware County Finance Authority,” Jamie said, noting the board sent a 30‑day termination letter last week to allow any active projects to conclude.
Jamie said the termination does not eliminate partnership opportunities. On a “case‑by‑case basis” the county could still ask Delaware County to provide bond financing for projects that require a larger pool of funds than the county can offer. Jamie described the arrangement as an occasional supplement rather than a permanent replacement. He also described recent closings — including a project that returned about $105,000 to the county — as evidence the local development team is operating and generating returns.
The commissioners approved the motion to terminate the agreement by roll call. Jamie said staff will complete the legal unwinding of the agreement and handle any outstanding items, and that the county will continue to evaluate when an external finance authority’s bond capacity is needed.
Next steps: staff will finalize legal and administrative steps to end the IGA within the 30‑day notice period and report back to the board if outside bond financing is requested for specific projects.
