NOTICE TO THE PUBLIC
YOU ARE HEREBY NOTIFIED that there will be heard before a Judge of the Superior Court of Rabun County, Georgia, on the 17th day of December, 2019, at 9:00 a.m., at the Superior Court of Rabun County in Fayetteville, Georgia, the case of the State of Georgia v. Rabun County Building Authority and Rabun County, Georgia,
Civil Action No. 2019-CV-0322
the same being a proceeding to confirm and validate the issuance by the Rabun County Building Authority (the "Authority'') of its Revenue Bond (Rabun County Project), Series 2019, in the principal amount of $5,000,000 (the "Bond") for the purpose of (a) financing all or a portion of the costs of constructing (i) a new addition to the existing County jail and (ii) a new sheriff s administration building adjoining the jail addition (collectively, the "Project") that will be used by Rabun County, Georgia to carry out its government purposes and
(b) paying the costs of issuing the Bond.
In such proceeding, the Court will also pass upon the validity and enforceability of an Intergovernmental Contract, dated as of December 1, 2019 (the "Contract"), between the Authority and the County, pursuant to which the Authority will agree to issue the Bond, and the County will agree to (a) acquire, construct, equip and operate the Project, (b) pay the Authority amounts sufficient to enable the Authority to pay the debt service on the Bond (the "Contract Payments") and (c) levy an ad valorem property tax, unlimited as to rate or amount, on all property in the County subject to such tax in order to make the Contract Payments.
Pursuant to O.C.G.A. 36-82-100 (the "Audit Statute"), the Authority notifies all interested parties that no independent performance audit or performance review will be conducted with respect to the Bond. However, the Authority will continue to ensure that the proceeds of the Bond are expended efficiently and economically, as intended by the Audit Statute.
Any resident of the County, or any other person wherever residing who has a right to object, may become a party to these proceedings.