Hilbert Communications Notice To Electors and Supporting Documents

NOTICE TO ELECTORS OF SAUK COUNTY, WISCONSIN TAKE NOTICE that the Board of Supervisors of Sauk County, Wisconsin (the “County”), at a meeting held at 505 Broadway, Baraboo, Wisconsin, on October 16, 2012, adopted an Initial Resolution pursuant to Section 66.1103 of the Wisconsin Statutes, as amended, expressing the intention to issue not to exceed $32,000,000 of industrial development revenue bonds (the “Bonds”) on behalf of Hilbert Communications, LLC, a Wisconsin limited liability company (the “Company”), and/or one or more of its subsidiaries (including, without limitation, Bug Tussel Wireless, LLC, Cloud 1, LLC and Intelegra, LLC, to finance a project consisting of the acquisition, construction and installation of certain telecommunications infrastructure that includes, among other things (i) the acquisition by purchase or lease of land for telecommunications tower sites; (ii) constructing and equipping telecommunications towers on such sites; (iii) the installation of microwave and fiber-optic backhaul facilities; (iv) payment of capitalized interest; (v) funding of a debt service reserve fund; and (vi) payment of professional fees (collectively, the “Project”), all of which will be for the purpose of providing wireless internet and telephone communications services to businesses, governmental units and residents of rural communities. A substantial portion of the Project will be constructed and installed in the rural areas of Wisconsin counties that lie within the designated area in which certain types of capital projects qualify for tax-exempt bond financing under the “Midwestern Disaster Area Relief” provisions of Section 1400N (as amended by Section 702(a) of Tax Extenders and Alternative Minimum Tax Relief Act of 2008 (Division C of Public Law 110-343) of the Internal Revenue Code of 1986, as amended, to wit: the Counties of Adams, Calumet, Columbia, Crawford, Dane, Dodge, Fond du Lac, Grant, Green, Green Lake, Iowa, Jefferson, Juneau, Kenosha, La Crosse, Manitowoc, Marquette, Milwaukee, Monroe, Ozaukee, Racine, Richland, Rock, Sauk, Sheboygan, Vernon, Walworth, Washington, Waukesha, and Winnebago. The Company has represented that the net number of full-time equivalent jobs which will be created at the project site is 19. Pursuant to the terms of Section 66.1103 of the Wisconsin Statutes, all requirements that the Project be subject to the contracting requirements contained in Section 66.1103 are waived, the Company having represented that it is able to negotiate satisfactory arrangements for completing the Project and that Sauk County’s interests are not prejudiced thereby. THE BONDS SHALL NEVER CONSTITUTE AN INDEBTEDNESS OF SAUK COUNTY, NOR SHALL THE BONDS GIVE RISE TO ANY PECUNIARY LIABILITY OF SAUK COUNTY, NOR SHALL THE BONDS BE A CHARGE AGAINST THE GENERAL CREDIT OR TAXING POWERS OF SAUK COUNTY. RATHER, THE BONDS SHALL BE PAYABLE SOLELY FROM THE REVENUES AND OTHER AMOUNTS TO BE DERIVED PURSUANT TO THE REVENUE AGREEMENT RELATING TO SAID PROJECT TO BE ENTERED INTO BETWEEN THE ISSUING COUNTY OR ISSUING COUNTIES AND THE COMPANY. The Initial Resolution may be inspected in the office of the Sauk County Clerk at 505 Broadway, Baraboo, Wisconsin, during business hours. TAKE FURTHER NOTICE THAT THE ELECTORS OF SAUK COUNTY MAY PETITION FOR A REFERENDUM ON THE QUESTION OF THE BOND ISSUE. Unless within thirty (30) days from the date of the publication of this Notice a petition signed by not less than five percent (5%) of the registered electors of the Sauk County is filed with the County Clerk requesting a referendum on the question of the issuance of the Bonds, the County will issue the Bonds without submitting the proposition for the electors' approval. If such petition is filed as aforesaid, then the Bonds shall not be issued until approved by a majority of the electors of Sauk County voting thereon at a general or special election. Rebecca A. DeMars, County Clerk Sauk County, Wisconsin