In our ongoing attempt to learn everything we can about the operations of a Port Authority we found this article from Ohio State University.
Here are some excerpts:
“How are port authorities structured?
Port authorities are governed by a board of directors appointed by elected officials of the local government(s). Except that board members must have a business or place of employment in the local jurisdiction for at least three years, no other criteria is required by law in choosing board members.
Port authority boards vary widely in size and board composition. The board adopts
bylaws providing for the administration and governance of the port authority.
(LFC Comment: Well it is certainly nice to see that at least the board member must have a business or place of employment in Lake County. Strange that they do not have to live in the place that they are trying to promote. Maybe they live in Rocky River with Mark Rantala, Executive Director.)
“The port authority is a political subdivision of the local government and, as such, is subject to state audit and to the Sunshine Law. The Sunshine Law requires that, as a
governmental entity, the port authority holds public meetings and makes records
available for public inspection.”
(LFC Comment: They have to give the public what is in the file, but they do not have to create anything for us?…..does not seem transparent to us counselor)
How does a local government regulate the powers of a port authority?
The local government forming the port authority is responsible for oversight. The powers and duties of each port authority are spelled out in the local government’s ordinance or resolution forming the port authority. The local government does not have to delegate all of the powers allowed, but certain powers are authorized under 4582 of
the Ohio Revised Code, including:
• Acquire real and personal property
• Own, lease, sell, and construct improvements to real property
• Issue revenue bonds for port authority facilities
• Issue voted general obligation bonds for port authority facilities and other
• Levy voted taxes for all purposes of the port authority
• Receive federal and state grants and loans and other public funds
• Operate transportation, recreation, governmental, or cultural facilities, and set
rates and charges for use of port authority facilities
• Cooperate broadly with other governmental agencies and exercise powers
delegated by such agencies.
(LFC Comment: The County Commissioners are responsible for oversight. So if they approve the ‘Better Flip’ project, then they own it!)