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  1. Home
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  3. Govt Public Notices

NOTICE TO THE PUBLIC YOU ARE HEREBY NOTIFIED that on October 7, 2025, at 1:30 P.M., at the Chatham County Courthouse in Savannah, Georgia, the Honorable Timonthy R. Walmsley, Judge of the Superior Court of Chatham County will hear the case of STATE OF GEORGIA vs. HOUSING AUTHORITY OF SAVANNAH and MONTGOMERY LANDING REDEVELOPMENT 2024, LLC, Civil Action File No. SPCV25-01179-WA, in the Superior Court of Chatham County, Eugene H. Gadsden Courthouse, Courtroom 4-D, 400 W. Oglethorpe Ave., Savannah, GA 31401, the same being a proceeding to confirm and validate (1) the revenue bonds designated “Housing Authority of Savanah Multifamily Housing Revenue Bonds (Montgomery Landing Project), Series 2025” (the “Bonds”), in the original aggregate principal amount not to exceed $28,000,000, and (2) the promissory note designated “Housing Authority of Savannah Multifamily Housing Limited Obligation Promissory Note (Montgomery Landing Project), Series 2025” (the “Governmental Note”), in the original principal amount not to exceed $28,000,000. The Bonds are to be issued by the Housing Authority of Savannah (the “Issuer”) for the purpose of obtaining funds to loan to Montgomery Landing Redevelopment 2024, LLC (the “Borrower”), a Georgia limited liability company, to finance the costs of acquiring, renovating, constructing, and installing land, buildings, improvements, machinery, fixtures, furnishings, equipment, and other real and personal property located within the corporate limits of the City of Savannah, constituting a residential rental housing community, to be located at 714 West 57th Street, Savannah, Georgia 31405, to be known as Montgomery Landing Apartments (the “Project”), all in accordance with the provisions of a proposed Loan Agreement, to be dated as of the first day of the month of its execution and delivery (the “Construction Phase Loan Agreement”), between the Issuer and the Borrower. The Governmental Note is to be issued by the Issuer for the purpose of refunding the Bonds pursuant to the terms of a proposed Funding Loan Agreement, to be dated as of the first day of the month of its execution and delivery (the “Funding Loan Agreement”), among the Issuer, Regions Bank (the “Fiscal Agent”), and Bellwether Real Estate Capital, LLC. In such proceeding the Court will also pass on the validity of the security for the payment of the Bonds and the Governmental Note (collectively the Debt Instruments”), which consists of the Construction Phase Loan Agreement, the Trust Indenture between the Issuer and Regions Bank, as trustee, the Promissory Note of the Borrower, the Funding Loan Agreement, the Project Loan Agreement among the Issuer, the Borrower, and the Fiscal Agent, the Amended and Restated Project Note of the Borrower, and the Multifamily Deed to Secure Debt, Assignment of Rents, and Security Agreement or similarly styled instrument between the Borrower and the Issuer, all proposed to be executed in connection therewith. All questions of law and fact pertaining to the right to issue the Debt Instruments and to provide the security therefor will be heard and determined. Any citizen of the State of Georgia residing in the City of Savannah, or any person wherever residing who has a right to object, may intervene and become a party to this proceeding.  WAIVER OF PUBLIC ACCOUNTABILITY: NO PERFORMANCE AUDIT OR PERFORMANCE REVIEW UNDER SECTION 36-82-100 OF THE OFFICIAL CODE OF GEORGIA ANNOTATED SHALL BE CONDUCTED WITH RESPECT TO THE DEBT INSTRUMENTS. This the 18th day of September 2025.   /s/Tammie Mosley Clerk Superior Court of Chatham County
Post Date: 09/23 12:00 AM
Refcode: #11685173 
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