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PUBLIC H IAIIING AND
CITY COUNCIL
SPECIAL CALLED AGENDA
OF
J 9, 2017
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Interoffice Memorandum
TO: Mayor and City Council
FROM: Lark W.Jones,Mayor
DATE: January 6, 2017
SUBJECT: Public Hearing of Monday, January 9, 2017 and Special Called Meeting
Notice and Agenda of Monday, January 9, 2017
PUBLIC HEARING
On January 9,2017 beginning at 7:00 p.m.,the City Council of the City of North Augusta(the"City Council")will hold a public
hearing in the Council Chambers in the North Augusta Municipal Center, 100 Georgia Avenue,North Augusta, South Carolina,
to discuss an installment purchase transaction between the City of North Augusta, South Carolina(the"City") and the North
Augusta Public Facilities Corporation (the "Corporation") regarding the refinancing of the construction and equipping of a
parking garage on certain real property owned by the City and located at 94 Center Street,North Augusta,South Carolina 29841,
the financing of the construction and equipping of roads,water,sewer and related infrastructure of the City,such infrastructure to
be located generally and bound by the Savannah River to the south,Georgia Avenue to the east,the brick ponds to the north and
the Hammond's Ferry subdivision to the west,and those portions of Center Street and Railroad Avenue adjacent to such parcels,
as applicable(together, the "Project"), and the proposed issuance by the Corporation of a not exceeding $16,000,000 Taxable
Installment Purchase Revenue Bond (Parking Garage and Infrastructure Project), Series 2017A (the "Bond"). Pursuant to an
ordinance of the City Council entitled, "A SECOND AMENDED AND RESTATED ORDINANCE AUTHORIZING THE
CITY OF NORTH AUGUSTA, SOUTH CAROLINA TO ENTER INTO AN INSTALLMENT PURCHASE TRANSACTION
IN THE PRINCIPAL AMOUNT OF NOT EXCEEDING SIXTEEN MILLION DOLLARS ($16,000,000) TO REFINANCE
THE COSTS RELATING TO THE CONSTRUCTION AND EQUIPPING OF A PARKING GARAGE ON CERTAIN REAL
PROPERTY OWNED BY THE CITY AND DESCRIBED HEREIN AND FINANCE THE COSTS RELATING TO THE
CONSTRUCTION AND EQUIPPING OF CERTAIN ROADS, WATER, SEWER AND RELATED INFRASTRUCTURE
LOCATED WITHIN A TAX INCREMENT FINANCING DISTRICT OF THE CITY; AUTHORIZING THE EXECUTION
AND DELIVERY OF VARIOUS DOCUMENTS INCLUDING THE BASE LEASE AGREEMENT AND THE
INSTALLMENT PURCHASE AND USE AGREEMENT;DELEGATING THE AUTHORITY TO THE MAYOR AND CITY
ADMINISTRATOR TO DETERMINE CERTAIN MATTERS; AND OTHER MATTERS RELATING THERETO" (the
"Ordinance"),the City Council intends to authorize the City to enter into an installment purchase transaction for the purposes of
providing funds to finance or refinance the Project and acknowledge the issuance of the Bond. The Ordinance is expected to be
finally enacted by the City Council on January 9,2017,following the public hearing noticed herein. The Bond will be issued by
the Corporation for the purposes of providing funds to defray all or a portion of(i)the costs of financing or refinancing of the
Project,and(ii)costs related to the issuance of the Bond.
All interested persons will be given an opportunity to be heard at the public hearing. A copy of the Ordinance will be available
for review at the offices of the City Administrator located at 100 Georgia Avenue,North Augusta,South Carolina 29841 during
normal business hours beginning on December 28,2016.
Page 2
SPECIAL CALLED MEETING NOTICE AND AGENDA
CITIZEN COMMENTS: Citizens may speak to Mayor and City Council on each item listed on this agenda. Mayor
Jones will call for your comments prior to City Council discussing the matter. When speaking to Council,please step up
to the microphone,give your full name and address,and direct your remarks to Mayor Jones.
CITIZEN ASSISTANCE: Individuals needing special assistance or sign interpreter to participate in the meeting, please
notify the Administration Department 48 hours prior to the meeting.
Pursuant to Section 2-37,entitled"Calling Special Meetings,"of the Code of Laws of North Augusta,South Carolina,a
special called meeting of City Council is called for Monday,January 9,2017 following the Public Hearing scheduled at 7:00
P.M.at the Municipal Center located at 100 Georgia Avenue,North Augusta,South Carolina. A study session meeting of
Mayor and Council will also be held at 6:00 p.m.on Monday,January 9,2017.
The purpose of the special meeting shall be for Council to consider the following:
1. CALL TO ORDER:
2. INVOCATION AND PLEDGE OF ALLEGIANCE:
3. ROLL CALL:
4. FINANCE: A SECOND AMENDED AND RESTATED ORDINANCE AUTHORIZING THE CITY OF
NORTH AUGUSTA, SOUTH CAROLINA TO ENTER INTO AN INSTALLMENT
PURCHASE TRANSACTION IN THE PRINCIPAL AMOUNT OF NOT EXCEEDING
SIXTEEN MILLION DOLLARS ($16,000,000)TO REFINANCE THE COSTS RELATING
TO THE CONSTRUCTION AND EQUIPPING OF A PARKING GARAGE ON CERTAIN
REAL PROPERTY OWNED BY THE CITY AND DESCRIBED HEREIN AND FINANCE
THE COSTS RELATING TO THE CONSTRUCTION AND EQUIPPING OF CERTAIN
ROADS,WATER, SEWER AND RELATED INFRASTRUCTURE LOCATED WITHIN A
TAX INCREMENT FINANCING DISTRICT OF THE CITY; AUTHORIZING THE
EXECUTION AND DELIVERY OF VARIOUS DOCUMENTS INCLUDING THE BASE
LEASE AGREEMENT AND THE INSTALLMENT PURCHASE AND USE
AGREEMENT; DELEGATING THE AUTHORITY TO THE MAYOR AND CITY
ADMINISTRATOR TO DETERMINE CERTAIN MATTERS; AND OTHER MATTERS
RELATING THERETO—Ordinance,Third and Final Reading
An ordinance has been prepared for Council's consideration on third and final reading authorizing
the City of North Augusta, South Carolina to enter into an installment purchase transaction in the
principal amount of not exceeding sixteen million dollars ($16,000,000) to refinance the costs
relating to the construction and equipping of a parking garage on certain real property owned by the
City and described herein and finance the costs relating to the construction and equipping of certain
roads,water,sewer and related infrastructure located within a tax increment financing district of the
City; authorizing the execution and delivery of various documents including the base lease
agreement and the installment purchase and use agreement; delegating the authority to the Mayor
and City Administrator to determine certain matters;and other matters relating thereto.
Please refer to your agenda packet for the Special Called Meeting of December 27, 2016, for a
copy of the proposed ordinance. The ordinance is also on our website, www.northaugusta.net,
under the Public Hearing Notice of January 9,2017.
5. JUSTICE AND LAW: 2017 Jury Box—Motion to Accept
The 2017 Municipal Jury Box containing the names of all registered voters and the names of
individuals with a South Carolina driver's license in our jurisdiction will be presented to Mayor and
City Council at tonight's meeting for approval as is required by State law. A motion to accept the
jury box is requested of Council.
Lark W.Jones,Mayor
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