HomeMy WebLinkAboutCERTIFICATE OF THE MAYOR OF AUGUSTA APPROVING THE ISSUANCE OF REVENUE BONDS BY THE HOUSING AUTHORITY OF THE CITY OF THE AUGUSTA, GEORGIA FOR THE BENEFIT OF HORIZON RIDGE FAMILY DEVELOPMENT,LP 11�
E • ,•
v, ,
HULL BARRETT
AUGUSTA AIKEN EVANS
CHRISTOPHER A. COSPER CCOSPL'•R@HULLBARRETT.COM
-LICENSED IN GEORGIA&SOUTH CAROLINA
April 22, 2019
The Honorable Hardie Davis, Jr., Mayor
City of Augusta, Georgia
535 Telfair Street
Augusta, GA 30901
Re: Proposed Multifamily Housing Revenue Bonds Issued by the Housing Authority of
the City of Augusta, Georgia for the Benefit of Horizon Ridge Family
Development, LP
Dear Mayor Davis,
I represent the Augusta Housing Authority, which has been requested to issue bonds in the
amount of up to $25 million for the acquisition, construction and equipping of a multifamily housing
project known as Horizon Ridge Family on an approximately 32.2-acre tract at 2832 Old Highway
1 (see attached site plan). As part of the bond issuance, we are required to obtain a certificate from
the Mayor of Augusta approving the issuance of the bonds. I have attached the proposed certificate
along with the information pertaining to the public hearing held on April 16th at which no one objected
to the issuance of the bonds.
•
If you have any questions or concerns, please call me. Otherwise, please let me know if you
will sign the certificate and have it attested by Ms. Bonner.
Very truly yours,
Christopher A. Cosper
W WW.HULLIARRCI'T.COM
HULI.BARRETT.PC, 801 BROAD STREET,7TH FLOOR AUGUSTA.GEORGIA 30901
TELEPHONE:(706)722-4481 FAX:(706)849-5107
00992883.doc-I MAILING ADDRESS:POST OFFICE BOX 1564. AUGUSTA,GEORGIA 30903-1564
• , . „ ,.-.,, ,
...K--.. `44-14,,_
r! '''•-..„ .O›,•:;---,...., •,,,,
..‘.•
i 1 - --\ '• ' , ...
'••••••.„ - ••••••. •
,
I
*-••••,.,.;,:-.=,- 'j • .-„, N--.,--..#,-,,- \ C
7,,,,,•,1 , ,,."--„,....„„ •, -A-...„0,
,'tp,•??,. , -, . -, . -z.--1,,,, -, ,
.,. ,
,/, • ''':,1, li , ',s....46 ...,,,, \
., .
"-.,--,,,,,,,'; !k.,, ---- is— , • ______., ' - - .' -.' „., -;!0.
,
-"••:,,•,..4,7 4.'i: 4 % t .,• -----.....<17----z•-•._-_--- ••, -
•.;; ,.:
', i 1k lit ________•---..-.___._
, 1?.
; ;;Z
i.li
, a\
• .")
71111r. 1 I ,.
• .r,
, •-,,
1 -
t
I
../ i --J ......a_ink ALIM
- _. --,-----.....
' 7:0FAxikaiswo Nw'
0 , ; \
—11-111Vin".ri \
. 4,1 • 0 ' •
•.. -
...
,•,., e
VI
%\ \
clilln":6:77] t ,
..°:' "• '
.. 0\... ,,
__. '
. 0.:A.T..,
itozia,, 0 11 1 .b.1 , ,1 il
''' , I 11oI o.4 noim • i, -
• , _ :.
_ .."4T410 el:i7til . I ' Mi f3) 1:-.1-2-.-...-----lp,....1 , 4 „ , •
,..„.%. ....,„ ,
- .. .
",,,!'' / 1. ,•i,. g t,•
q" *s
0
Alliv , • i , 4;:.
jr.44)11 ' 1 IP'
41
, i I
• ,
• . A 7 i
. 1
0 0 I
ill 1
t \ -- 1116, 41.-4' ,1.0.0.
.
' li ,0 ilk,
J )/
' ;./.7;*.? 4- ''• Inr-71T-77 ''' .
•- __. I'
• (,,,s
\N„. ''....., .
',.."-.,.. . - ....
' I
r, j‘ .".:24;;;•.... • ' '. -'' ''.
tI
NOTICE OF PUBLIC HEARING ON PROPOSED
MULTIFAMILY HOUSING REVENUE BONDS TO BE ISSUED BY
THE HOUSING AUTHORITY OF THE CITY OF AUGUSTA, GEORGIA ON BEHALF
OF HORIZON RIDGE FAMILY DEVELOPMENT,LP
Notice is hereby given that on the 16'h day of April, 2019, at 9:00 a.m., in the Board
Room of the Housing Authority of the City of Augusta, Georgia, located at 1435 Walton Way,
Augusta, Georgia 30904, a Public Hearing will be held concerning the proposed issuance of
multifamily housing revenue bonds, in one or more series (the "Bonds") by the Housing
Authority of the City of Augusta, Georgia(the"Authority") in an aggregate principal amount not
to exceed $25,000,000, for the purpose of assisting Horizon Ridge Family Development, LP, a
Georgia limited partnership (and an affiliate of LDG Horizon Ridge Family, LLC) (hereinafter
referred to as the "Borrower"), with the acquisition, construction and equipping of a multifamily
housing project, known as "Horizon Ridge Family," comprised of approximately 240 dwelling
units which is located on an approximately 32.2-acre tract at 2832 Old Highway 1, Augusta-
Richmond County, Georgia (near the intersection of Deans Bridge Road and Tobacco Road),
said project to consist of certain land, buildings, structures, equipment and related real and
personal property (collectively, the "Project"). The hearing will be held before a hearing officer
designated by the Authority, and may be continued or adjourned.
The Bonds, when and if issued, will be the limited obligation of the Authority and will
not constitute a general obligation of the State of Georgia, Augusta-Richmond County, Georgia
or the Authority, nor shall the Bonds be payable in any manner by taxation, but are payable
solely from the payments made by or on behalf of the Authority, which are pledged to the
payment of the Bonds pursuant to an agreement between the Authority and the Borrower. The
issuance of Bonds is in furtherance of the public purpose of the Authority.
Further information regarding the proposed Bonds and the proposed facility financed are
of public record in the office of the Housing Authority of the City of Augusta, Georgia.
Any interested party having views on the proposed issuance of the Bonds or the nature or
location of the proposed project may be heard at such public hearing.
Housing Authority of the City of Augusta, Georgia
CERTIFICATE ON BEHALF OF
THE HOUSING AUTHORITY OF THE CITY OF AUGUSTA,GEORGIA
REGARDING PUBLIC HEARING
THE UNDERSIGNED Jacob Oglesby, as Executive Director and Hearing Officer, on
behalf of the Housing Authority of the City of Augusta, Georgia (the "Authority"), HEREBY
CERTIFIES as follows:
(1) A Public Hearing was duly held on April 16, 2019, at 9:00 a.m., in the Board
Room of the Housing Authority of the City of Augusta, Georgia, located at 1435 Walton Way,
Augusta, Georgia 30904, pursuant to proper notice given in accordance with law as to the time
{ and place of this hearing prior to such hearing. The hearing was open to the public. The time of •
the hearing and the room in which the hearing was held provided a reasonable opportunity for
persons of differing views to appear and be heard.
(2) The designated hearing officer of the Authority announced the commencement of
the public hearing on behalf of the Mayor of the City of Augusta, Georgia, on the application of
Horizon Ridge Family Development, LP, a Georgia limited partnership (the "Borrower"), and
that the Authority had caused the publication of a notice at least fourteen (14) days prior to the I
• hearing in the Augusta Chronicle, a newspaper having general circulation in Augusta, Georgia
(the"Notice"). A copy of the Notice has been filed and appears of record in the Minute Book of
•
the Authority and is attached hereto together with an affidavit of publication as Exhibit"A".
(3) The following person(s) appeared and addressed the hearing on behalf of the .
Borrower:
A summary statement of the Borrower is attached hereto as Exhibit"B".
(4) The following person(s) appeared and asked to be heard with respect to the
granting by the Authority of the financial assistance requested by the Borrower and the financing
of the "Project" referred to in the Notice: •
No one else having appeared to speak on the matter, the hearing Officer declared the public
hearing closed at_ g t ID a.m.
(5) Based on the results of the hearing, it is the recommendation of the undersigned
on the behalf of the Authority that the Mayor of Augusta approve the issuance of the Bonds to
the extent required by Section 147(f) of the Internal Revenue Code of 1986,as amended.
This"Of": of4,,,,f ,2019.
0
4,...ai •,# s
b L. Oglesb óearin . I ff icer
J.
Exhibits Attached: "A"- Copy of Notice together with Affidavit of Publication
"B"- Summary Statement on Behalf of Borrower
EXHIBIT"A"
AFFIDAVIT OF PUBLICATION
ATTORNEY HULL BARRETT, PC
OR AGENCY: 7004 EVANS TOWN CENTER BLVD
3RD FLOOR
EVANS, GA 30809
ACCOUNT NUMBER: 22416
AD NUMBER; 0003157549-01
PO NUMBER:
STATE OF GEORGIA
COUNTY OF RICHMOND
Personally appeared before me, James Holmes, to me known, who being sworn, deposes and
says: That he/she is the authorized agent of GateHouse Media Georgia Holdings, Inc, doing
business in said County under the trade name of The Augusta Chronicle, a newspaper in said
County; That he/she is authorized to make affidavits of publication on behalf of said publisher
company: Richmond County Neighbors; that said newspaper is of general circulation in said
county and in the area adjacent thereto; that he/she has reviewed the regular editions of said
newspapers published on:
03/28/2019
and finds that pt Mowing advertisement appeared in each of said editions, to-wit:
fr "1C Z
(deponent)
Sworn to a d subscribed before m
1
This •.. .. `
` ' day of '.. ). ., , 2019
r.y�� f ` r
`,��FIIIIB18to�� �1 la .�,��1`—X.. �� _ 1 -)
� cr3t ;"c�' l ') h and Coun#y, Georgia.¢
h'Onj'•0 ovIen�r76, 1 •
`�- !6';',V..
$ . dig: .° r � A,,uptr I
A'. 04 � s .1' ?0.?F ^,,•�,riot#140604,10,41WZ.t0h� bb �.v_'fi avtrri.+ U' Y�k i rAV ;� R _ p `-°'..m {'iy\ i�`�. '� ,0,m� ri: i fid; q,� ��.`�'�` ` �3'i�?:' -.94.4. y1 ; ,' : � ,-6. � } t
�: h�exp, >i'^� S rn 1 c1 '°moi 4 a P VyQgal x
o`.? l c\Y'\S.O• ,, U N7 c r;i A ^' W Olt @'+gi% ; ; k i x ,,,,: E" S.S> Y ,
,. ,p NOIS . d �tam i f L pp & ' Y r d p , t3
� ........ •,` -j114?-' ,4 u, I`+': '� 333SSS � Tey i'S- m#�,`' m���,� ,.(a .� �c
d 'V() +) �ryt�`�1� 111,60$.v ,a;h �,�y�'-, aq m� Nit. '�'.�5. s 'a`,a 4,.;.,‘ �+ 'r� `•`, � 11,,,i,:,
� � �.
A✓/ f 17 ?1 0 49 p q g P ( F/14.44:11,4‘
fi fa�� c l t °>" ;�t7 r° 1 ..,; t
111119 ra w r4 ' ' Y cg 5 s:i I' 4 x t 1 � 9 Cs
,,, t.', �,1 '' �` va �.:e k �m,zi- ' m ray R6 '43' 1'
'�. � �� 9 �t "�u�• av� r�fro,"`�r ee,,�pp��a, lY�;y,X'�tp{�e it r� lw� di'Fos�..F`3�m
$'�,fq. A1111.1L.:11411.11141610,
.. +, $ z ... $ �a floilidathflitarititli
41 }'@:"eS ,a'"' 'r -. 1`�' r �!a'�t2-1S? Illitit';'. ������ &fir �,�'oS � y t �� ,c #'l.�G'i'
2 Q ,}r,.:11y., ,�", 'i�'r a ^ ir9�Js� c 53:..�+yi� :.tii Tr��:yG:,°k�0.*��. �a OcQ �n:� 3`� c�� �F ,t�+�'�`. t^o. n mi1='�`15��'�rn:�.� Y3� !
•
EXHIBIT"B"
SUMMARY STATEMENT ON BEHALF OF
• HORIZON RIDGE FAMILY DEVELOPMENT, LP
Horizon Ridge Family Development, LP, a Georgia limited partnership (together with
any successor(s) or assign(s),hereinafter referred to as the "Borrower")proposes the acquisition,
construction and equipping of a multifamily housing project in Augusta, Georgia, known as
"Horizon Ridge Family", comprised of approximately 240 dwelling units located on an
approximately 32.2-acre tract at 2832 Old Highway 1, Augusta-Richmond County, Georgia, said
project to consist of certain land, buildings, structures, equipment and related real and personal
} property (collectively, the "Project"). The Project will consist of certain land, buildings,
structures, equipment and related real and personal property (collectively, the "Project"). It is
estimated by the Borrower that the planning, design, acquisition, construction, equipping and
carrying out of the proposed Project will require expenditures currently estimated at not less than
$25,000,000.
CERTIFICATE OF THE MAYOR OF AUGUSTA
APPROVING THE ISSUANCE OF REVENUE BONDS BY
THE HOUSING AUTHORITY OF THE CITY OF
AUGUSTA,GEORGIA FOR THE BENEFIT OF
HORIZON RIDGE FAMILY DEVELOPMENT, LP
The Housing Authority of the City of Augusta, Georgia(the "Authority") has considered
the application of Horizon Ridge Family Development, LP, a Georgia limited partnership (the
"Borrower"), requesting that the Authority assist the Borrower in financing the acquisition,
construction and equipping of a multifamily housing project in Augusta, Georgia known as
"Horizon Ridge Family", comprised of approximately 240 dwelling units and located on an
approximately 32.2-acre tract at 2832 Old Highway 1, Augusta-Richmond County, Georgia
30815, said project to consist of certain land, buildings, structures, equipment and related real
and personal property (collectively, the "Project"), as identified in the Notice to the Public,
through the issuance of the Authority's revenue bonds, in one or more series, in an aggregate
principal amount of not to exceed $25,000,000 (the "Bonds"). The Authority held a public
hearing on April 16, 2019, with respect to such proposed issuance of the Bonds and financing of
the Project.
Section 147(f) of the Internal Revenue Code of 1986, as amended (the "Code"), provides
that the governmental unit having jurisdiction over the issue of revenue bonds and over the area
in which any facility financed with the proceeds of the revenue bonds is located shall approve
the issuance of such revenue bonds.
The Authority issues its revenue bonds on behalf of the consolidated government of the
City of Augusta and Richmond County (the "City") and the Project is located within the City,
and the Mayor constitutes the chief elected executive officer of the City.
The Authority has requested approval of the issuance of the Bonds and the financing of
the Project subject to the terms of the financing to be agreed upon by the Authority, the
Borrower and the purchaser(s) of the Bonds.
The Authority has delivered to the Mayor of the City a certificate regarding the conduct
of the public hearing.
The Mayor of Augusta, Georgia hereby certifies as follows:
Section 1. The issuance of the Bonds by the Authority for the benefit of the Borrower
in an aggregate principal amount of not to exceed $25,000,000 to assist in the financing of the
Project is hereby approved to the extent required by said Section 147(f) of the Code.
Section 2. Such approval by the Mayor does not constitute an endorsement to a
prospective purchaser of the bonds of the creditworthiness of the Borrower or the Project, and
the Bonds shall not constitute an indebtedness or obligation of the State of Georgia or Augusta,
Georgia, but the Bonds shall be payable solely from the revenues derived from the Borrower and
pledged to the payment thereof, and no owner of any of the Bonds shall ever have the right to
compel any exercise of the taxing power of said State or of any municipal corporation, county, or
political subdivision thereof, nor to enforce the payment thereof against any property of said
State or of any such municipal corporation, county, or political subdivision.
This 1 1day of Iia , 2019.
B ! G'
'f., y'
, Hardie Da I. a
[SEAL]
0
•
i
Attest:
F-enaJ. Bo fr ,'� QCommission
;44,fir, **•'0 0
Ari i,t
�.pp** 1
of
6, s ,-s
� -� mw �+ a e�
055139.0000010 EMF US 73042302v4