Notice To The Public 71083
NOTICE TO THE PUBLIC YOU ARE HEREBY NOTIFIED that there will be heard before a Judge of the Superior Court of Bulloch County on the 7th day of July, 2025 at 9:00 a.m., at the Superior Court of Bulloch County in Statesboro, Georgia, the case of the State of Georgia v. Bulloch County Public Facilities Authority and Bulloch County, Georgia, Civil Action No. SU25CV184MM, the same being a proceeding to confirm and validate the issuance by the Bulloch County Public Facilities Authority (the "Authority") of its Revenue Bonds, Series 2025, in an aggregate principal amount not to exceed $60,000,000 ("Series 2025 Bonds") for the purpose of (a) acquiring, constructing and equipping all or a portion of an addition to the existing County jail (the "Project"), (b) funding capitalized interest (if any) and (c) paying the costs of issuing the Series 2025 Bonds. In such proceeding, the Court will also pass upon the validity and enforceability of (a) an Intergovernmental Contract, dated as of August l , 2025 or the first day of the month in which the Series 2025 Bonds are issued (the "Contract"), between the Authority and the County, pursuant to which the Authority will agree to (a) issue the Series 2025 Bonds and (b) sell the Project to the County, and the County will agree to, among other things, (a) buy the Project from the Authority, (b) acquire, construct, equip and operate the Project, (c) pay the Authority amounts sufficient to enable the Authority to pay the principal of, redemption premium (if any) and interest on the Series 2025 Bonds and any additional bonds hereafter issued as the same become due (the "Contract Payments") and (d) levy an annual ad valorem property tax, unlimited as to rate or amount, on all property in the County subject to such tax in order to make such Contract Payments. Pursuant to O.C.G.A. 36-82-100 (the "Audit Statute"), the Authority notifies all interested parties that no independent performance audit or performance review will be conducted with respect to the Series 2025 Bonds. However, the Authority will continue to ensure that the proceeds of the Series 2025 Bonds are expended efficiently and economically, as intended by the Audit Statute. Any resident of the County, or any other person wherever residing who has a right to object, may become a party to these proceedings. 71083 7/3/25 RL