NOTICE OF PUBLIC HEARING

NOTICE OF PUBLIC HEARING ON

PROPOSED REVENUE BOND FINANCING BY THE

DEVELOPMENT AUTHORITY OF

THE CITY OF MILLEDGEVILLE AND BALDWIN COUNTY

FOR THE BENEFIT OF USG REAL ESTATE FOUNDATION XII, LLC

 

YOU ARE HEREBY NOTIFIED that on the 2nd day of March, 2021 at 12:00 p.m., a public hearing will be held via teleconference in accordance with Revenue Procedure 2020‑49 due to the COVID-19 pandemic and will be accessible to the residents of the approving governmental unit by calling a toll-free telephone number. The public is invited to join by dialing (844) 735‑0635 (Meeting ID 29315193#).  The Development Authority of the City of Milledgeville and Baldwin County (the “Issuer”), on the request of USG Real Estate Foundation XII, LLC, a Georgia limited liability company (the “Company”), the sole member of which is University System of Georgia Foundation, Inc., a Georgia nonprofit corporation, will hold the public hearing with respect to the issuance by the Issuer of its tax-exempt revenue bonds (the “Bonds”) in an aggregate principal amount not to exceed $100,000,000.  The proceeds of the Bonds will be used by the Company to (a) refund all of the Issuer’s outstanding Student Housing Refunding Revenue Bonds (Georgia College & State University Foundation Property V, LLC Project), Series 2007 (the “Series 2007 Bonds”), the proceeds of which were applied to finance, refinance or reimburse student housing facilities, and related student service facilities, amenities and parking (collectively, the “Project”) located on the campus of Georgia College & State University (the “University”) at 211 W. Hancock Street, 120 West Campus Drive NW, 136 West Campus Drive NW, 421 W. Greene Street, 631 W. Franklin Street, 420 W. Greene Street, 550 W. Greene Street, 410 W. Greene Street, 510 W. Greene Street, and the western corner of Hancock Street and Irwin Street, all in the City of Milledgeville, Georgia 31061, (b) finance or reimburse the costs of renovations and improvements to the Project, (c) pay all or a portion of the costs of terminating an interest rate hedge related to the Series 2007 Bonds and (d) pay the costs of issuing the Bonds.  The Company will own the Project which is used and operated by the University.

 

The Bonds will not constitute an indebtedness or obligation of the State of Georgia or of any county, municipal corporation or political subdivision thereof, but will be payable solely from revenues derived from the Company and pledged to the payment thereof.

 

Any person interested in the proposed issuance of the Bonds to and the financing, refinancing or reimbursing of costs of the Project may heard by joining the teleconference meeting as instructed above.

 

The Issuer will not conduct any performance audit or performance review with respect to the Bonds as described in O.C.G.A. § 36‑82‑100.

 

DEVELOPMENT AUTHORITY OF THE CITY OF MILLEDGEVILLE AND BALDWIN COUNTY

 

February 19, 2021

 

To:                   All Board Members

 

From:   Sharon Seymour, Chair

 

Re:                   Notice of Regular Board Meeting and Agenda for February 22, 2021.

 

The regular meeting of the Development Authority of the City of Milledgeville will be on Monday, February 22, 2021 at 8:30 a.m. utilizing an online video conferencing system.

 

PUBLIC ACCESS

To join the meeting by phone, call one of the following:

(929) 205-6099, (301) 715-8592, (312) 626-6799

(669) 900-6833, (253) 215-8782, (346) 248-7799

The Meeting ID number is: 4448931914

 

 

There is no meeting password required.

 

The following Agenda will be presented:

 

  • Call to Order
  • Approve Minutes from January 2021
  • Approve Financial Reports
  • Old Business
  • Project Updates

 

  • New Business
  • Georgia College Bond Renewal
  • Office Equipment
  • Invoice Approval

 

  • Executive Session, if required, as permitted by O.C.G.A. § 50-14-3(b)(1)(D):

“ … meetings when any agency is discussing personnel matters and/or voting to . . . enter into a contract to purchase, dispose of, or lease property…”

 

  • Action from Executive Session if needed

 

  • Adjourn

November 19, 2020

To:                   All Board Members

From: Sharon Seymour, Chair

Re:                  Notice of Board Meeting and Agenda for November 23, 2020

The regular monthly Board Meeting of the Development Authority of the City of Milledgeville and Baldwin County will be on Monday, November 23, 2020 at 8:30 a.m. utilizing an online video conferencing system.

 

PUBLIC ACCESS

To join the meeting by phone, call one of the following:

(929) 205-6099, (301) 715-8592, (312) 626-6799

(669) 900-6833, (253) 215-8782, (346) 248-7799

The Meeting ID number is: 4448931914

There is no meeting password required.

The following Agenda will be presented:

  • Call to Order
  • Approve Minutes from October 2020
  • Financial Status Report – Mr. Tyson
  • Old Business
  • Project Updates

 

  • New Business
  • Invoice Approval
  • Executive Director

 

  • Executive Session, if required, as permitted by O.C.G.A. § 50-14-3(b)(1)(D):

“ … meetings when any agency is discussing personnel matters and/or voting to . . . enter into a contract to purchase, dispose of, or lease property…”

 

  • Adjourn

        

 

September 25, 2020

 

To:                   All Board Members

 

From: Edward Walker, Chairman

 

Re:                  Notice of Board Meeting and Agenda for September 28, 2020

 

The regular monthly Board Meeting of the Development Authority of the City of Milledgeville and Baldwin County will be on Monday, September 28, 2020 at 8:30 a.m. utilizing an online video conferencing system.

 

PUBLIC ACCESS

To join the meeting by phone, call one of the following:

(929) 205-6099, (301) 715-8592, (312) 626-6799

(669) 900-6833, (253) 215-8782, (346) 248-7799

The Meeting ID number is: 870 0925 1895

There is no meeting password required.

 

The following Agenda will be presented:

 

  • Call to Order
  • Approve Minutes from August 2020
  • Financial Status Report – Mr. Tyson
  • Old Business
  • Officer Elections
  • Fouts Brothers Bond Issue
  • Active Projects Update – Mr. Jackson

 

  • New Business
  • Approval of FY21 Budget – Mr. Tyson

 

  • Executive Session, if required, as permitted by O.C.G.A. § 50-14-3(b)(1)(D):

 

“ … meetings when any agency is discussing personnel matters and/or voting to . . . enter into a contract to purchase, dispose of, or lease property…”

 

  • Adjourn

        

 

August 21, 2020

 

To:                   All Board Members

 

From: Edward Walker, Chairman

 

Re:                  Notice of Board Meeting and Agenda for August 24, 2020

 

The regular monthly Board Meeting of the Development Authority of the City of Milledgeville and Baldwin County will be on Monday, August 24, 2020 at 8:30 a.m. utilizing an online video conferencing system.

 

PUBLIC ACCESS

To join the meeting by phone, call one of the following:

(929) 205-6099, (301) 715-8592, (312) 626-6799

(669) 900-6833, (253) 215-8782, (346) 248-7799

The Meeting ID number is: 816 9932 9349

There is no meeting password required.

 

The following Agenda will be presented:

 

  • Call to Order
  • Approve Minutes from July 2020
  • Financial Status Report – Mr. Tyson
  • Old Business
  • Active Project(s) Updates – Mr. Jackson

 

  • New Business
  • Approval of Invoices – Mr. Tyson

 

  • Executive Session, if required, as permitted by O.C.G.A. § 50-14-3(b)(1)(D):

 

“ … meetings when any agency is discussing personnel matters and/or voting to . . . enter into a contract to purchase, dispose of, or lease property…”

 

  • Adjourn