NOTICE OF INTENT TO ISSUE
REVENUE OBLIGATION SECURITIES
Notice is hereby given that the Finance Authority of Maine (FAME) intends to issue Revenue Obligation Securities (the "Securities") pursuant to the Finance Authority of Maine Act (Chapter 110 of Title 10 of the Maine Revised Statutes, as amended) and has issued its Certificate of Approval for the Project to be financed with proceeds of the Securities. Set forth below is a summary of the Certificate including a description of the purpose for which the Securities will be issued, a statement of the maximum principal amount of the Securities and the time within which any proceeding to set aside certain actions of FAME with respect to the Project or the Securities or otherwise obtain relief on grounds of invalidity of such action must be commenced.
PROJECT USER: Fiberight, LLC and/or Coastal Resources of Maine, LLC
PROJECT LOCATION: Coldbrook Road, Hampden, Maine
PURPOSE OF PROJECT: To develop, construct, equip, maintain and operate an approximate 140,000 tons per year municipal waste processing facility in Hampden, ME. The Facility will source municipal and commercial waste under a long term contract with the Maine Municipal Review Committee ("MRC"). The Facility will process and convert this waste into recyclable plastics and metals and biogas for third party market and contract sales.
MAXIMUM AMOUNT OF REVENUE OBLIGATION SECURITIES TO BE ISSUED BY FAME TO PROVIDE FINANCING FOR THE PROJECT: $45,000,000.
Any action or proceeding in any court to contest the issuance of the Securities, to set aside the Certificate of Approval for the Project or to obtain relief upon the grounds that the Certificate of Approval was improperly issued, was issued for unauthorized purposes or is otherwise invalid for any reason, must be started within 30 days after the date of publication of this Notice. After the expiration of such a 30-day period of limitation, no right of action or defense founded upon the invalidity of the approval; or contesting any provision or the issuance of the Certificate of Approval or the issuance of the Securities may be started or asserted nor shall the Certificate of Approval or the issuance of Securities be open to question in any court upon any grounds.
This Notice published pursuant to 10 M.R.S.A. Section 1044(1).
Finance Authority of Maine
5 Community Drive
P.O. Box 949
Augusta, ME 04332-0949
(207) 623-3263
Contact Person: Christopher H. Roney, General Counsel
April 10, 2017
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