In 2004 the Medina County Port Authority entered into a cooperative agreement with Summit County Port Authority's Revenue Bond Fund Program. The appeal is long-term, fixed rate financing of fixed assets.The long term predictability of a fixed interest rate and level monthly payment is a key component of port authority financing.In May of 2005 the Village of Seville successfully financed the $2.3 million renovation of its Municipal Building and upgrade to its water treatment facility. Mayor Conrad Sarnowski is joined by members of the Seville Board of Public Affairs and Seville Council on June 10, 2005 for the Seville Municipal Building ceremonial ribbon cutting.