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Bond Issues in Progress

$35,000,000
Mary Wade Home Issue, Series A
Anticipated CHEFA Board Approval
Bond proceeds will finance the construction of a new healthcare building consisting of 50 residential care units (relocating 45 units from an existing building and adding 5 new units), 20 assisted living units and 20 memory suport assisted living units.  In addition, proceeds will be used to refinance existing bank debt in the amount of approximately $10.8 million.
Herbert J. Sims & Co., Inc.
$6,000,000
Ocean Community YMCA Issue, Series A
Anticipated CHEFA Board Approval
July 19, 2017
Bond proceeds will finance renovations and expansion to the existing building, and construction of a wellness center, teen center, wellness studio, and family locker room; expansion of the parking lot by 32,000 square feet; removal of the existing baseball field; and funding of capitalized interest.
$12,000,000
Alzheimer's Resource Center Issue, Series A
Anticipated CHEFA Board Approval
Bond proceeds will provide for the refunding of a commercial loan, which refunded a previous Connecticut Development Authority bond issue that  financed interior renovation of nursing areas and roof replacement; acquisition of land; and construction of a skilled nursing facility specifically designed to care for patients with Alzheimer's Disease and related dementias.
Ziegler Securities
Sacred Heart University Issue, Series I & J
Anticipated CHEFA Board Approval
Bond proceeds will provide for the refinancing of the University's 2003 Series F and 2012 Series G bond issues, and refinancing a construction line of credit with Bank of America, which was used to construct the Business and Communications Center, a 216-bed residence hall, and the Center for Healthcare Education; and to finance the construction of a new 171-bed residential facility, a new athletic building, and the Radio Station/Public Safety Building.
Bank of Amerida Merrill-Lynch