The Huber Heights Council Work Session held on June 3, 2025, focused primarily on the authorization of revenue bonds for the Canal Heights development project. The meeting began with a detailed discussion led by Aaron regarding the bond authorization, which consists of two components: the general bond ordinance and the series bond ordinance.

The council approved the issuance of revenue bonds amounting to $4.3 million. These bonds are classified as non-recourse, meaning the city is not liable for any defaults under the bond terms. Instead, the city acts as a facilitator for the bond issuance, which is part of the Tax Increment Financing (TIF) incentive district referenced earlier in the meeting.

The funds from these bonds will be allocated for public infrastructure improvements associated with the Canal Heights development. TIF revenue will be used to repay the bonds to investors, with the city responsible for collecting payments twice a year from the auditor to distribute the funds. The administration of these funds will be managed by Andy Brossert's firm, which will be compensated from the bond proceeds.

The discussion also addressed concerns regarding the developer's obligations. A council member raised a question about the implications if the developer fails to make the minimum service payments, given that the bonds are not secured by the city. The response indicated that further clarification would be needed from Chris Franzman, who oversees bond-related matters.

In summary, the meeting underscored the city's commitment to facilitating the Canal Heights development through strategic financial mechanisms while also highlighting the need for clarity on potential risks associated with the developer's financial responsibilities. The council's next steps will likely involve monitoring the bond issuance process and ensuring compliance with the terms set forth.