NOTICE TO THE PUBLIC
YOU ARE HEREBY NOTIFIED that on October 14, 2026, at 8:45 o'clock a.m. at the Stephens County Courthouse, 70 North Alexander Street, Toccoa, Georgia 30577, a Presiding Judge of the Superior Court of Stephens County will hear the case of STATE OF GEORGIA vs. STEPHENS COUNTY DEVELOPMENT AUTHORITY and ASI SOUTHEAST INC., Civil Action File No. SUCV2026000360 in the Superior Court of Stephens County, the same being a proceeding to confirm and validate a Stephens County Development Authority Taxable Industrial Development Revenue Bond (ASI Southeast Inc. Project), Series 2026 (the “Bond”), in a maximum principal amount of $45,000,000, which is to be issued by the Stephens County Development Authority (the “Issuer”) pursuant to the terms of a resolution (the “Bond Resolution”) adopted by the Issuer, for the purpose of acquiring and leasing the below-defined Project and thereby furthering the public purposes of the Act (defined in the Bond Resolution), which are to promote and expand for the public good and welfare industry and trade within Stephens County, Georgia (the “County”), and to reduce unemployment to the greatest extent possible. The “Project” is a capital project located or to be located in the County, which Project is to be owned by the Issuer and leased to ASI Southeast Inc. (the “Company”), a Georgia corporation, for use as a manufacturing facility for the manufacture of fabricated phenolic and plastic laminate products, and HDPE (high-density polyethylene) products, all in accordance with the terms of the Bond Resolution. The Project shall consist of: (i) the land located in the County (the “Leased Land”) described in Exhibit A attached to the Lease (as defined in the Bond Resolution); (ii) one or more buildings totaling approximately 115,000 square feet in the aggregate (comprised of a 105,000 square foot pre-engineered metal building with an additional 10,000 square feet of office space), building fixtures, building equipment, and other related improvements, to be constructed and installed by the Company on the Leased Land; and (iii) manufacturing, processing and other equipment and personal property, including, without limitation, (1) custom CNC finishing machinery, edge banders, automated panel saws, and advanced material handling equipment, (2) HDPE thick sheet extrusion lines and ancillary equipment, including, but not limited to, granulators, mixers, chillers, silos, material handling systems, vacuum and blowing systems, and/or (3) new CNC's, new Intellistore equipment, and new saw and support equipment, including, but not limited to compressors, vacuum pumps, vacuum lifts, computers, switches, and conveyors, located or to be located (a) on the Leased Land for use by the Company in its operations at the Project, (b) at the Company's existing manufacturing facility located at 900 Clary Connector, Eastanollee, GA 30538 (the “900 Plant”) for use by the Company in its operations thereat, or (c) at the Company's existing manufacturing facility located at 53 Clary Connector, Eastanollee, GA 30538 and 123 Clary Connector, Eastanollee, GA 30538 (collectively, the “GEM Plastics Plant”; the 900 Plant and the GEM Plastics Plant collectively, the “Other Plants”) for use by the Company in its operations thereat (collectively, the “Leased Equipment”). For the avoidance of doubt, (1) the Project may include any Leased Equipment purchased or acquired by the Company and located in the County on the Leased Land or at the Other Plants, on or after January 1, 2025, and any such investment shall be counted for purposes of the Community Investment Goal (as defined in the Economic Development Agreement, as defined in the Bond Resolution), (2) items of Leased Equipment may be moved interchangeably among the Leased Land and the Other Plants for use in the operations at the Project or the Other Plants, in the Company's discretion, provided, the Company's investment in any particular item of Leased Equipment shall not be counted towards the Community Investment Goal more than once, and (3) the Project does not include the Other Plants, or any property (real or personal) located thereat, except for items of Leased Equipment as described above, if any, as applicable. The foregoing is more fully described in the Economic Development Agreement and in materials on file with the Issuer. In such proceeding, the Court will also (a) hear and determine the validity of instruments relating to and providing security for the Bond, and (b) hear and determine such other questions of law and fact pertaining to the right of the Issuer to issue the Bond and to provide the security therefor. The Bond shall be a special and limited obligation of the Issuer, payable from funds provided by the Company or its successors, shall not be payable from taxes or other public funds, and NO PERFORMANCE AUDIT OR PERFORMANCE REVIEW SHALL BE CONDUCTED WITH RESPECT TO SUCH BOND ISSUE. Any citizen of the State of Georgia residing in Stephens County or any other person wherever residing who has a right to object, may intervene and become a party to these proceedings.
/s/ Tim Quick
Clerk, Superior Court,
Stephens County, Georgia
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