The OTA Master Lease Program is the result of the cooperative efforts of Ross, Sinclaire & Associates ("RSA") and the Ohio Township Association ("OTA"). The Program is a multi-tiered approach to address the needs of the OTA's diverse membership on a comprehensive basis. The program consists of a three phase plan of finance incorporating an initial pooled, "open indenture" program, followed by a demand pool issuance program and complemented by a "CLOUT" direct debt issuance program for the associations largest 18 members. The heart of the program consists of tax exempt lease obligations which provide financing alternatives to Ohio Townships, on a statewide basis, which will not count against their statutory debt limitations, on either a voted or un-voted basis. RSA, through a multi-year process involving Bond Counsel, the OTA and the Ohio Legislature, was able to develop this customized, multi-tiered program of significant benefit to the townships in the State.
Ross, Sinclaire & Associates was provided the opportunity to present information about the Ohio Township Association Master Lease Program at the OTA's Winter Conference. To view the presentation and learn more about the Program, go to the following link.
