NOTICE OF PUBLIC HEARING WITH RESPECT TO
PROPOSED BOND FINANCING
TO BE ISSUED BY THE
DEVELOPMENT AUTHORITY OF BAINBRIDGE AND DECATUR COUNTY
Notice is hereby given that on July 16, 2020, a public hearing will be held as required by Section 147(f) of the Internal Revenue Code of 1986 with respect to the proposed plan of finance providing for the issuance of INDUSTRIAL REVENUE BONDS (PROJECT MYRTLE), in one tax-exempt series (“Bond”) by the DEVELOPMENT AUTHORITY OF BAINBRIDGE AND DECATUR COUNTY (“Authority”) in an amount not to exceed $10,000,000. The Bond will be issued for the purpose of providing funds to make a loan (“Loan”) to PURECYCLE LLC, a Florida limited liability company, or one of its affiliated or related entities (collectively, “Borrower”), to finance or refinance a portion of the costs of the acquisition, construction, improvement, and equipping of an approximately 37,000 square foot, manufacturing and research and development facility with related equipment (“Project”) to be located on approximately 5-10 acres, in the Commodore Industrial Park, located at 300 TAURUS WAY, BAINBRIDGE, DECATUR COUNTY, GEORGIA 39817. The Project is located in the City of Bainbridge, Decatur County, Georgia.
The hearing will commence at 12:00 p.m. (noon), JULY 16, 2020, or as soon thereafter as practicable, and will be held in the Upstairs Banquet Room of Bainbridge City Hall, 101 South Broad Street, Bainbridge, Decatur County, Georgia, 39817. Interested persons wishing to express their views on either the issuance of the Bonds or the Project will be given an opportunity to do so at the public hearing, or may, prior to the time of the hearing, submit written comments to Post Office Box 755, Bainbridge, Georgia 39818. Written submissions should be provided in sufficient time to be received before July 9, 2020.
Subject to the City of Bainbridge’s general, COVID-19, in-person meeting protocols, which are posted at the public hearing location, the public is invited to attend this public hearing to become informed about the Bonds and the Project.
As the host site for the public hearing location, the City of Bainbridge is committed to providing all persons with equal access to its services and programs. For reasonable accommodation, please contact Allie Godwin at 229-248-2000 or firstname.lastname@example.org.
DEVELOPMENT AUTHORITY OF
BAINBRIDGE AND DECATUR COUNTY
For the City of Bainbridge, Georgia