Through the combined efforts of an organization of local citizens based in Morgan, Newton, Jasper, and Walton counties, Georgia citizens have halted the plans of the Rivian Corporation, which has direct ties to China. Its financiers are currently facing securities fraud litgation.
Though Governor Kemp and his associates with the regional Joint Development Authorities (JDAs) wanted citizens to believe the Rivian deal was sealed and have been telling property owners the state has "taken over the project," citizens found it to be a bullying and distraction strategy. JDA proponents even went so far as to threaten eminent domain.
In breaking news, Morgan County Superior Court Judge Brenda Trammell issued a major 34-page ruling on Wednesday that has denied $15 billion in bonds for Rivian to finance the raising of its 16 million-square-foot plant on its 2,000 acre site in Stanton Springs North.
Much of the basis of her ruling was related to property tax exemptions and invalid rental agreements between the three parties - Rivian, the State of Georgia and the JDA. Citizens also presented arguments regarding the long-term financial viability of the plant, and concerns regarding Rivian's request for 4.7 million gallons of water per day.
Based on this ruling, citizens across the state of Georgia and Rivian investors nationwide are being reawakened to a vital need to understand the HOME RULE provisions of their state constitutions and the need to fend off government officials and questionable associates. For example: citizens can insist on lawful resolutions and required referendums regarding increases in taxes and tax abatement, and whether they want to give their hard-earned money to the likes of China and Georgia Soros, both of whom were welcomed into Morgan and Walton counties by Governor Kemp.
At this time, all citizens can emulate the example of North Georgians by eagerly reading and studying Article IX of the Georgia Constitution. Every man and woman can become watchmen on their own walls, starting with requiring their county governing authorities to remit documentary evidence that they are following the Georgia Constitution on matters related to all types of local development.
As of today, people who have invested in the Rivian initial public offering (IPO) have lost nearly 60% of their money. The IPO priced at $78 per share, yet now trades at $32.87. Rivian's net income dropped $1.71 billion in the second quarter of 2022. Rivian planned to raise the price of their vehicles by 20% after the IPO, and experienced a backlash.
The following article is an excellent overview of this breaking news from North Georgia from Morgan County Citizen News: The article describing much of the detail regarding Morgan County Judge Brenda Trammell's 34-page decision on Wednesday.