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Notice of Public Hearing on Proposed Revenue Bonds

NOTICE OF PUBLIC HEARING ON PROPOSED REVENUE BONDS TO BE ISSUED BY THE DEVELOPMENT AUTHORITY OF FULTON COUNTY Notice is hereby given that on the 1st day of July, 2019, at 10:00 a.m. in the offices of the Development Authority of Fulton County, Fulton County Administration Building, 141 Pryor Street, Suite 2052 (Peachtree level), Atlanta, Georgia 30303, a Public Hearing will be held concerning the proposed issuance of revenue bonds in one or more series (the "Bonds") by the Development Authority of Fulton County, (the "Issuer") in the aggregate principal amount of not to exceed $90,000,000, to be issued for the benefit of Georgia Tech Facilities, Inc., a Georgia non-profit corporation (the "Borrower") and an affiliated entity with the Georgia Institute of Technology ("Georgia Tech"), for the purpose of (a) refunding certain revenue refunding bonds previously issued by the Issuer which refinanced (i) the acquisition of the North Avenue Apartments Project, housing approximately 1,996 graduate and undergraduate students and located at 120 North Avenue, NW, Atlanta, Georgia (not to exceed $50,000,000) and (ii) the Electrical Substation located at 645 Northside Drive, Atlanta, Georgia (not to exceed $40,000,000) (such facilities being collectively referred to herein as the "Projects") and (b) paying costs of issuance of the Bonds. The Projects are operated by Georgia Tech or entities affiliated with Georgia Tech. The hearing will be held before a hearing officer designated by the Issuer and may be continued or adjourned. The Bonds, when and if issued, will be the limited obligation of the Issuer and will not constitute a general obligation of the State of Georgia, Fulton County, Georgia or the Issuer, nor shall the Bonds be payable in any manner by taxation, but are payable solely from the payments made by or on behalf of the Issuer, pursuant to an agreement between the Issuer and the Borrower which are pledged to the payment of the Bonds. The issuance of Bonds is in furtherance of the public purpose of the Issuer. Further information regarding the proposed Bonds and the proposed facilities financed are of public record in the offices of the Development Authority of Fulton County, 141 Pryor Street, Suite 2052, Atlanta, Georgia 30303. No performance audit or performance review shall be conducted with respect to such Bond. Any interested party having views on the proposed issuance of the Bonds or the nature or location of the proposed Project may be heard at such public hearing. DEVELOPMENT AUTHORITY OF FULTON COUNTY 6-21/2019
June 21, 2019
July 1, 2019
July 1, 2019 8:10pm