Notice of Public Hearing of the Proposed Issuance

NOTICE OF PUBLIC HEARING OF THE PROPOSED ISSUANCE OF REVENUE BONDS BY THE ATLANTA DEVELOPMENT AUTHORITY NOTICE IS HEREBY GIVEN that a public hearing will be conducted concerning the proposed issuance by The Atlanta Development Authority (the "Issuer"), and related plan of financing, of not to exceed $105,000,000 in aggregate principal amount, in one or more series, of its revenue bonds (the "Bonds"). The Issuer will loan the proceeds of the Bonds to PRG CAU Properties LLC, a Georgia limited liability company (the "Company") whose sole member is Provident Resources Group Inc., a Georgia nonprofit corporation, for the purpose of financing the acquisition and improvement of (1) an existing 456-bed student housing facility known as "Heritage Commons" located at 15 James P. Brawley Drive SW, Atlanta, Georgia 30314 on the campus of Clark Atlanta University (the "University") in Atlanta, Georgia and (2) an existing 598-bed student housing facility known at "CAU Suites" located at 128 Mildred Street SW, Atlanta, Georgia 30314 on the campus of the University in Atlanta, Georgia (collectively, the "Project"). The land on which the Project is situated is owned by the University, and such land will be leased by the University to the Company for a term of approximately forty (40) years in connection with the proposed issuance of the Bonds. The Bonds will not constitute a debt of the State of Georgia or any political subdivision thereof, including the City of Atlanta, Georgia, but will be payable solely from payments made by the Company and other amounts specifically pledged therefor under the trust indenture pursuant to which the Bonds are proposed to be issued. All interested parties are invited to present comments at the public hearing regarding the issuance of the Bonds (and the related plan of financing) to be held on Thursday, September 11, 2025 at 10:00 a.m., in the offices of the Issuer located at 133 Peachtree Street, N.E., Suite 2900, in Atlanta, Georgia 30303. Atlanta Development Authority 9-3-25
September 3, 2025
September 10, 2025
September 3, 2025 8:10pm