NOTICE OF HEARING
Notice to the public is hereby given that on November 4, 2025, at 8:45 a.m., in the Superior Court of Chatham County, at the courthouse in said county, a hearing will be held in the case of State of Georgia v. Savannah Economic Development Authority and Mayor and Alderman of the City of Savannah, on the petition and complaint to validate the Savannah Economic Development Authority (Georgia) Revenue Bonds (Forsyth Park Parking Project), Series 2025, in one or more series, in the aggregate principal amount not to exceed $35,000,000 (the "Series 2025 Bonds"), which are authorized to be issued by a bond resolution adopted on October 14, 2025, by vote of a majority of the members of the Savannah Economic Development Authority. Proceeds from the sale of the Series 2025 Bonds will be used to provide funds to finance (i) the acquisition, construction, equipping, and installation of a three-story subsurface parking garage and public restrooms adjacent to Forsyth Park within the City of Savannah; (ii) paying capitalized interest on the Series 2025 Bonds; and (iii) paying certain costs of issuing the Series 2025 Bonds.
The Court will also adjudicate the valid and binding effect of the intergovernmental contract to be entered into between the Authority and the Mayor and Alderman of the City of Savannah (the "City"), under which the City shall agree to make certain payments for the account of the Authority, which payments are pledged as security for the payment of the Series 2025 Bonds sought to be validated.
Pursuant to Section 36-82-100 of the Official Code of Georgia Annotated, unless waived pursuant to a published notice, certain issuers of revenue bonds are required to provide for continuing performance audits or performance reviews with respect to the expenditure of bond proceeds. NO PERFORMANCE AUDIT OR PERFORMANCE REVIEW SHALL BE CONDUCTED WITH RESPECT TO THE EXPENDITURE OF THE PROCEEDS OF THE SERIES 2025 BOND.
At said hearing, all persons having a right to be heard with respect to the Series 2025 Bonds and the security provided therefor, and with respect to the validation thereof, may be heard.
This October 15, 2025.
Tammie Mosley
Clerk of Superior Court
Chatham County, Georgia
October 23, 30 2025
LGSC0390429