NOTICE OF PUBLIC HEARING ON PROPOSED REVENUE BOND ISSUE

NOTICE OF PUBLIC HEARING ON PROPOSED
REVENUE BOND ISSUE
FOR THE BENEFIT OF THE
CITY OF DECATUR,GEORGIA

NOTICE is hereby given that, pursuant to the provisions of Section 147(f) of the Internal Revenue Code of 1986, as amended, a public hearing will be held by the City of Decatur Public Facilities Authority (the “Issuer”) at 2:00 p.m. on February 22, 2022 in the offices of Wilson Morton & Downs LLC, Two Decatur TownCenter, 125 Clairemont Ave., Suite 420, Decatur, Georgia 30030 concerning the proposed issuance by the Issuer of its Revenue Refunding Bonds (City of Decatur Project), Series 2022 in an aggregate principal amount not to exceed $29,000,000 (the “Series 2022 Bonds”) and the Project (hereinafter defined) to be refinanced with the proceeds of such Series 2022 Bonds.

The proceeds of the Series 2022 Bonds will be used by the Issuer, together with other moneys, for the purpose of (a) refunding all of the Issuer’s outstanding Revenue Bonds (City of Decatur Project), Series 2017 (the “Refunded Bonds”) and (b) paying the costs of issuing the Series 2022 Bonds.  The proceeds of the Series 2022 Bonds will refinance all or a portion of the costs of acquiring and constructing approximately 48 acres of property and improvements thereon known as “Legacy Park” used by the City of Decatur, Georgia (the “City”) and its citizens in connection with the City’s lawful powers and purposes, including, but not limited to, the provision of greenspace and recreational, educational and administrative facilities for the citizens of the City (the “Project”) and related costs.  The principal address of the Project is 410 and 500 South Columbia Drive, Decatur, Georgia.  The Project is owned by the Issuer and operated by the City.

The Series 2022 Bonds will not constitute an indebtedness of the State of Georgia or the City, and no tax revenues or other revenues of the State of Georgia or the City will be used to pay the Series 2022 Bonds, except revenues pledged by the City under an intergovernmental agreement between the Issuer and the City.  The Series 2022 Bonds will be payable solely from moneys received by the Issuer from the City.

All interested persons having views on the proposed issuance of the Series 2022 Bonds, the refunding of the Refunded Bonds or the proposed refinancing of the Project may appear and be heard at said hearing.

CITY OF DECATUR PUBLIC FACILITIES AUTHORITY