The Times
Hall County

NOTICE TO THE PUBLIC YOU ARE HEREBY NOTIFIED
Jan 16, 2013 | 68 views | email to a friend | print

NOTICE TO THE PUBLIC YOU ARE HEREBY NOTIFIED that on the 29th day of January, 2013, at 9:30 A.M., at the Hall County Courthouse in the City of Gainesville, Georgia, the presiding Judge of the Superior Court of Hall County will hear the case of the STATE OF GEORGIA vs. GAINESVILLE REDEVELOPMENT AUTHORITY and BRENAU UNIVERSITY, INC., Civil Action File No. 2013CV134B, in the Superior Court of Hall County, the same being a proceeding to confirm and validate the Gainesville Redevelopment Authority Revenue Bond (Brenau University, Inc. Project), Series 2013 (the ond , in the principal amount of $13,500,000. The Bond is to be issued by the Gainesville Redevelopment Authority (the uthority in order to promote and expand for the public good and welfare commerce and trade within the City of Gainesville, Georgia (sometimes hereinafter referred to as the ity or the ity of Gainesville , and revitalize, develop and redevelop areas of the City of Gainesville. In said proceeding the Court will also pass upon the validity of (a) a Bond Purchase and Loan Agreement, dated as of February 1, 2013 (the greement , among the Authority, Brenau University, Inc. (the orrower , and Branch Banking and Trust Company, as original purchaser of the Bond (the urchaser , the terms of which obligate said Borrower to make certain payments to the Purchaser for the account of the Authority, which payments will be in amounts sufficient to pay the principal of and the interest on the Bond as the same become due, (b) a Promissory Note of the Borrower in favor of the Authority, (c) a Negative Pledge Agreement, dated as of February 1, 2013 (the egative Pledge Agreement , from the Borrower to the Purchaser, and (d) a Loan and Guaranty Agreement, dated as of February 1, 2013 (the uaranty , which Agreement, Note, Negative Pledge Agreement and Guaranty Agreement constitute security for the Bond. THE AUTHORITY HAS WAIVED THE PERFORMANCE AUDIT AND PERFORMANCE REVIEW REQUIREMENTS PROVIDED IN O.C.G.A. 36-82-100 AND WILL CONDUCT NO PERFORMANCE AUDIT OR PERFORMANCE REVIEW WITH RESPECT TO THE BOND. Any citizen of the State of Georgia residing in the City of Gainesville, or any other person wherever residing who has a right to object, may intervene and become a party to this proceeding. This 15th day of January, 2013. Charles Baker Clerk of the Superior Court of Hall County, Georgia 324737 1/17, 18, 24