NOTICE OF PUBLIC HEARING ON PROPOSED SOLID WASTE DISPOSAL REVENUE BONDS (MONTAUK AG RENEWABLES PROJECT) SERIES 2026 TO BE ISSUED BY THE NORTH
CAROLINA AGRICULTURAL FINANCE AUTHORITY
Notice is hereby given that the designated hearing officer for the Board of the North Carolina Agricultural Finance Authority (the "Authority") will hold a public hearing on January 29, 2026, with regard to the proposed issuance of its exempt facility revenue bonds to finance solid waste disposal facilities, as defined in Section 142(a)(6) of the Internal Revenue Code of 1986, as amended, in one or more series, in an amount of up to $135,000,000 (the "Bonds"). The proceeds of the Bonds will be loaned to Montauk AG Renewables, LLC, a Delaware limited liability company, or an affiliated or related entity (the "Company"), to (a) finance (including through reimbursement) a portion of the costs of the acquisition, design, development, construction, improvement, furnishing and equipping of solid waste disposal facilities at the Primary Facility (as defined below) and the Secondary Facilities (as defined below), which are used in an integrated operation to convert organic agricultural wastes to natural gas and biochar (collectively, the "Project"), (b) fund any reserve requirements for the Bonds and the Project, (c) fund capitalized interest on the Bonds and (d) pay all or a portion of the costs of issuance of the Bonds.
The Project is or will be owned and/or operated by the Company. The "Primary Facility" is or will be located at 6997, 7401/7439 and 7585 Turkey Highway, Turkey, NC 28393. The "Secondary Facilities" are or will be located at (a) 2939 Bass Lake Rd, Clinton, NC 28328; (b) 11415 Keener Rd, Faison, NC 28341; (c) 990 Quinn Farm Lane, Clinton, NC 28328; (d) 927 Governor Moore Rd, Clinton, NC 28328; (e) 1198 Wynn Rd, Clinton, NC 28328; (f) 997 Wynn Rd, Clinton, NC 28328; (g) 181 Potato House Rd, Clinton, NC 28328; (h) 6242 Roanoke Rd, Newton Grove, NC 28366; (i) 2865 Turkey Hwy 24, Clinton, NC 28328; (j) 1924 Glaspie Rd, Magnolia, NC 28453; (k) 144 JB Stroud Rd, Magnolia, NC 28453; (l) 187 Hamilton Rd, Magnolia, NC 28453; (m) 654 Moseley Avenue, Clinton, NC 28328; (n) 654 Moseley Avenue, Clinton, NC 28328; (o) 2026 Moseley Ave, Clinton, NC 28328; (p) 1141 Bernice Rd, Clinton, NC 28328; (q) 555 Casey Rd, Faison, NC 28341; (r) 1208 Casey Rd, Faison, NC 28341; (s) 102 Casey Rd, Clinton, NC 28328; (t) 4940 Highhouse Rd, Roseboro, NC 28382; (u) 4637 Honeycutt Rd, Salemburg, NC 28385; (v) 941 JP Farm Lane, Clinton, NC 28328; (w) 105 JP Farm Lane, Clinton, NC 28328; (x) 720-B N McCullen Rd, Faison, NC 28341; (y) 1980 N McCullen Rd, Faison, NC 28341; (z) 510 Lockamy Rd, Clinton, NC 28328; (aa) 385 Maegen Farm Ln, Clinton, NC28328; (bb) 6516 N US 421, Clinton, NC 28328; (cc) 300 Balance Rd, Clinton, NC 28328; (dd) 2660 Taylors Bridge Hwy, Clinton, NC 28328; (ee) 2030 Beaman Woods Rd, Clinton, NC 28328; (ff) 2829 Carter Town Rd, Clinton, NC 28328; (gg) 3207 Boney Mill Rd, Clinton, NC 28328; (hh) 3212 Boney Mill Rd, Clinton, NC 28328; (ii) 82 Lockamy Rd, Clinton, NC 28328; (jj) 9929 Keener Rd, Clinton, NC 28328; (kk) 5838 Dave Bight Rd, Turkey, NC; (ll) 5838 Dave Bight Rd, Turkey, NC; (mm) 117 DH Lane, Turkey, NC; (nn) 4710 Garland Hwy, Clinton, NC 28328; (oo) 1617 Panhandle Rd, Faison, NC; (pp) 5325 Faison Hwy, Clinton, NC 28328; (qq) 4322 Faison Hwy, Clinton, NC 28328; (rr) 1045 E Darden Rd, Faison, NC 28341; (ss) 1139 Goshen Church Rd, Faison, NC 28341; (tt) 1139 Goshen Church Rd, Faison, NC 28341; (uu) 1487 Goshen Church Rd, Faison, NC 28341; (vv) 4095 Reedsford Rd, Clinton, NC 28328; (ww) 763 Beaver Rd, Clinton, NC 28328; (xx) 971 Grantham School Rd, Mt Olive, NC 28365; (yy) 350 Corbett Hill Rd, Mt Olive, NC 28365; (zz) 586 Emmitt Jackson Rd, Faison, NC 28341; (aaa) 558 Country Club Rd, Mt Olive, NC 28365; (bbb)389 Blackmore Rd, Warsaw, NC 28398; (ccc) 1623 Chancey Rd, Clinton, NC 28328; (ddd) 1283 Big Piney Grove Rd, Clinton, NC 28328; (eee) 1461 Fleet Cooper Rd, Roseboro, NC 28382; (fff) 5187 Boykin Bridge Rd, Clinton, NC 28328; (ggg) 5055 Boykin Bridge Rd, Clinton, NC 28328; (hhh) 3418 Fleet Cooper Rd, Roseboro, NC 28382; (iii) 4041 Fleet Cooper Rd, Roseboro, NC 28382; (jjj) 3821 Fleet Cooper Rd, Roseboro, NC 28382; (kkk) 500 Big Piney Grove Rd, Clinton, NC 28328; and (lll) 432 Peterson Rd, Clinton, NC 28328.
The Bonds, when and if issued by the Authority, will be issued pursuant to Chapter 122D of the General Statutes of North Carolina and shall not be a debt of the Authority, the State of North Carolina (the "State"), or any political subdivision thereof and none of the Authority, the State, or any political subdivision thereof shall be liable thereon, nor in any event shall such Bonds be payable out of any funds or properties other than those of the Authority derived solely from payments made by the Company.
The public hearing, which may be continued or adjourned, will be held on January 29, 2026, at 10:00 a.m. (or as soon thereafter as the hearing may be held), in the Authority's Board room located at 1101 Spring Forest Road, Raleigh, NC 27615. Any person interested in the issuance of the Bonds or the Project may appear and be heard at the public hearing. Any person wishing to comment in writing on the Project or the issuance of the Bonds should do so within seven days of the publication of this notice by sending such comments to the North Carolina Agricultural Finance Authority, 1101 Spring Forest Road, Raleigh, NC 27615, Attention: Interim Executive Director. NORTH CAROLINA AGRICULTURAL FINANCE AUTHORITY By: Susan Marcks, Interim Executive Director
IPL0305426
Jan 19 2026