3 named to finance authority board

Staff Report

Delaware County commissioners have appointed three new members to its finance authority board of directors.

They are Judd Scott, president and chief operating officer of V&P Hydraulic Products; Suzanne Dulaney, executive director of the Ohio County Commissioners’ Association; and Don Rankey, president and CEO of HomeLife Companies.

The finance authority is a political subdivision that assists in economic development and job creation in Delaware County. It has the ability to issue tax-exempt and taxable bonds for businesses and developers, as well as nonprofit and government projects.

Scott fills a seat on the authority’s board that was vacated earlier this year with the resignation and death of longtime public servant Larry Cline. Dulaney and Rankey fill two new seats that were created May 19, increasing the total number of seats on the board from five to seven.

The complexity and significance of the authority’s role in continuing the county’s economic development were cited by county officials as reasons for the increase. Board members serve as unpaid volunteers.

Barb Lewis, president of the county commission, lauded Dulaney for “her knowledge of economic development tools and public policy” and Scott for his “international business expertise, which will be of great value to the board in this global economy.” Rankey, Lewis said, “brings more than 35 years of successful negotiating, construction and operations experience to the board,” adding, “the county will greatly benefit from all their expertise.”

Other members of the finance authority board, all of whom serve two-year terms, include Powell attorney Curtis Sybert; Delaware County Bank vice president Frank Reinhard; Kevin Hennessy, a managing director for Alcatel-Lucent USA; and David Stadge, a retired businessman with expertise in government finance funding.

The appointments occurred at the commissioners’ June 23 session.

Staff Report

Information for this story was provided by Delaware County commissioners.

Information for this story was provided by Delaware County commissioners.