Putnam Development Authority adopts $100 million bond resolution for Harmony Road project
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Summary
At its Oct. 14 meeting in Eatonton, the Putnam Development Authority unanimously adopted a bond resolution authorizing up to $100,000,000 in taxable industrial development revenue bonds for the Harmony Road GA, LLC project; the action followed an executive session and the execution of an affidavit.
The Putnam Development Authority voted unanimously Oct. 14, 2025, to adopt a bond resolution authorizing the issuance of a taxable industrial development revenue bond (Harmony Road GA, LLC project), Series 2025, in a maximum principal amount of $100,000,000. The action took place at the PDA office, 107 S. Jefferson Avenue, Eatonton, during the authority's regular meeting.
Member John Wojtas moved to adopt the resolution, and Member Mylle Mangum seconded. Chairman Walt Rocker III and Members Patty Burns, Brice Doolittle, Mangum and Wojtas voted yea on the motion. The resolution was entered into the minutes as part of the official record.
The adoption followed an executive session held earlier in the meeting under the statutory authority cited in the minutes. After the closed session the board voted to reopen the meeting and to execute an affidavit concerning the subject matter of the closed portion, and then took the formal bond vote.
The minutes record that a copy of the bond resolution was made part of the minutes. The resolution text in the record includes the authorization described but does not specify in the minutes the use of proceeds, security terms or timetable for sale; those details were not provided in the meeting minutes.
The meeting adjourned at approximately 2:19 p.m.