The Statesboro Herald
Bulloch County

NOTICE TO THE PUBLIC TO WHOM IT MAY CONCERN: YOU ARE HEREBY NOTIFIED
Feb 25, 2013 | 78 views | email to a friend | print

NOTICE TO THE PUBLIC TO WHOM IT MAY CONCERN: YOU ARE HEREBY NOTIFIED that on the 5th day of March, 2013, at March 9:00 A.M., at the Bulloch County Courthouse in the City of Statesboro, Georgia, the presiding Judge of the Superior Court of Bulloch County will hear the case of the STATE OF GEORGIA, Plaintiff, v. DEVELOPMENT AUTHORITY OF BULLOCH COUNTY and GEORGIA SOUTHERN UNIVERSITY HOUSING FOUNDATION TWO, LLC, Defendants, Civil Action File No. 1B13CV059T, in the Superior Court of Bulloch County, the same being a proceeding to confirm and validate an issue of Development Authority of Bulloch County Refunding Revenue Bonds (Georgia Southern University Housing Foundation Two, LLC Project), Series 2013, in the aggregate principal amount of up to $32,000,000 (the "Series 2013 Bonds"). The Series 2013 Bonds are to be issued by the Development Authority of Bulloch County (the "Issuer") for the purpose of refunding certain revenue bonds of the Issuer, the proceeds of which were used, among other things, to finance a certain student housing project and athletic facilities located on the campus of Georgia Southern University (collectively, the "Project") in Bulloch County, Georgia, in order to develop and promote the public good and general welfare of Bulloch County, Georgia and its inhabitants and to promote the general welfare of the State of Georgia. The Project will be refinanced by the Issuer for the benefit of Georgia Southern University Housing Foundation Two, LLC, a Delaware limited liability company, pursuant to a Loan Agreement and Assignment of Gross Revenues and Certain Agreements and Accounts, to be dated as of March 1, 2013 or as of the first day of the month in which the Series 2013 Bonds are issued (the "Agreement"). In said proceeding the Court will also pass upon the validity of the Agreement, four Ground Leases, four Rental Agreements, a Security Deed and an Indenture in connection therewith. Pursuant to O.C.G.A. Section 36-82-100, the Issuer hereby notifies all interested parties that no independent performance audit or performance review (the "Independent Audit") will be conducted with respect to the Series 2013 Bonds. However, the Issuer will ensure that the proceeds of the Series 2013 Bonds are expended efficiently and economically as intended by the Independent Audit. Any citizen of the State of Georgia residing in Bulloch County, Georgia or any other person wherever residing who has a right to object, may intervene and become a party to this proceeding. This 12th day of February, 2013. TeresaW.Tyler Clerk, Superior Court, Bulloch County, Georgia s166562 02/21/2013