The Chatham County Commission has requested the assistance of the Downtown Savannah Authority (DSA) by the issuance of its Downtown Savannah Authority Revenue Bonds (Chatham County Project), Series 2020.

The proceeds of this issue will provide for:

1) Partial funding of the construction and equipping of a new trial courthouse.

2) Payment of the issuance costs related to the bonds.

Chatham County will enter into a contract with the DSA under which it will pledge to pay all interest and principal for the bonds. As required by State statute, the Authority in turn has made application to the City requesting the City Council's expressed approval for the issuance of such bonds. The approximate amount of the Series 2020 bonds is $83 million.

Under State statute, the Authority's application to the City to issue such bonds must receive two readings before City Council. The first reading was held on March 26, 2020. The second reading will occur at the meeting scheduled for April 9, 2020.

Public comments will be accepted prior to the meeting beginning Monday, April 6, 2020 at 8am until Thursday, April 9, 2020 at 12 noon.  Please contact the Clerk of Council's Office via email at ClerkofCouncil@savannahga.gov or via phone at (912) 651-6441.

The Authority's application to the City should be announced and a public hearing on the application should follow the announcement. Once the public hearing is closed, the Mayor and Aldermen should vote to provide their consent to the Authority to issue the bonds.