...Sale Information: $86,735,000 Colorado Health Facilities Authority Revenue and Revenue Refunding Bonds (Frasier Meadows Retirement Community Project), Series 2017, scheduled to be sold the week of March 20 via negotiation. Security: First mortgage lien on Frasier Meadows Manor, Inc.'s (Frasier) campus and facilities, a security interest in gross revenues (including entrance fees) and a debt service reserve fund. Purpose: To currently refund all of Frasier's outstanding debt; reimburse Frasier for prior capital expenditures; fund a portion of the costs of Frasier's capital improvement plan, including a renovated wellness center, a new arts and education center and costs associated with a planned independent living unit (ILU) expansion; fund a debt service reserve fund and 24 months of capitalized interest; and pay the costs of issuance. Final Maturity: June 1, 2047....
