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Issuer: Health and Educational Facilities Authority of the State of Missouri (“Authority”)
Public Hearing Date: Wednesday, May 15, 2024
Time Begin: 10:00 AM
Location of Public Hearing: Office of Authority – Suite 230, 15450 South Outer Forty Road, Chesterfield, MO 63017
Participation by Telephone: (978)-990-5000; Access code 365-237
Borrower: Lutheran Senior Services (“Borrower”)
Project/Plan of Finance Details/Notes: The Authority will hold a public hearing at its office (address above) on May 15, 2024 at 10:00 A.M., regarding the proposed issuance by the Authority, in one or more series, of qualified 501(c)(3) revenue bonds in a maximum aggregate stated principal amount of $110 million (the “Bonds”) to make a loan to the Borrower, a Missouri legislatively chartered corporation, for the purposes of providing funds to finance or refinance certain health facilities and related capital expenditures of the Borrower and its affiliates, and to finance reserves, capitalized and funded interest and issuance expenses, including, without limiting the foregoing, (i) to refinance facilities by refunding the series 2014A and series 2014B bonds previously issued by the Authority for the benefit of the Borrower and its affiliates in Missouri or Illinois, and (ii) to finance or refinance facilities at the following senior living communities owned or to be owned by the Borrower or its affiliates in Missouri or Illinois. The communities below are described by reference to their principal addresses and northern (N), eastern (E), southern (S) and western (W) boundary streets or geographic boundaries. The estimated amounts below are indicative of anticipated new money projects (of which up to approximately $30 million are anticipated to be financed with proceeds of the Bonds) and do not include amounts allocable to refunding. The Borrower at its discretion, may allocate up to the entire maximum principal amount of proceeds of the Bonds and/or Borrower equity to finance or refinance all, a part, or none, of each portion of the facilities at the various locations.
Breeze Park – 600 Breeze Park Drive, Weldon Spring, MO (approximately $6 million)
(N) Westerfield Dr – (E) Breeze View Ln – (S) Breeze View Ln – (W) Breeze Rd
Laclede Groves – 723 S Laclede Station Road, St. Louis, MO (approximately $2 million)
(N) Florence Ave – (E) S Laclede Station Rd – (S) Fieldstone Terrace – (W) Edgar Rd
Lenoir Woods – 3710 Lenoir Street, Columbia, MO (approximately $6 million)
(N) E New Haven Rd – (E) Miller Dr – (S) Roosevelt Ave – (W) US Hwy 63
Mason Pointe – 13190 South Outer Forty Road, Town and Country, MO (approximately $25 million)
(N) S Outer Forty Rd – (E) Mason Rd – (S) Mason Wood Dr – (W) Fairfield Lake Dr
Meramec Bluffs – 1 Meramec Bluffs Drive, Ballwin, MO (approximately $2 million)
(N) Meramec Trails Dr – (E) Meramec Bluffs Dr – (S) Ameren Way – (W) Meramec Trails Dr
Meridian Village – 27 Auerbach Place, Glen Carbon, IL (approximately $2 million)
(N) Magnolia Dr – (E) Meridian Rd – (S) Ernst Dr – (W) N Bluff Rd
Concordia Village – 4101 W. Iles Avenue, Springfield, IL (approximately $2 million)
(N) McGregor Ln – (E) Meadowbrook Rd – (S) W Iles Ave – (W) Archer Elevator Rd
Lutheran Hillside Village – 6901 N Galena Road, Peoria, IL (approximately $6 million)
(N)&(E) N Galena Rd – (S) N Vander Schaff Dr & Alcorn Ct – (W) NE Skyline Dr
The hearing will be open to the public. In addition, persons wishing to participate telephonically may do so by calling an Authority teleconference phone number at (978)-990-5000; Access code 365-237 on the date and at the time specified above. Prior to the date of the hearing, written comments may be submitted to the Authority’s Executive Director at the above listed address of the Authority.
(Posted: May 7, 2024 through hearing date)
For questions about accessibility or to request accommodations please see contact information below. Advance notice is appreciated and will allow additional opportunity to provide requested accommodation(s).
Michael Stanard
Individuals who have a physical disability and need special accommodations to attend the meetings announced in this notice should contact the agency conducting the meeting at the address or phone number given in the meeting announcement.
PLEASE NOTE THE ABOVE MEETING IS HELD IN COMPLIANCE WITH THE STATE OF MISSOURI’S OPEN MEETINGS LAWS.
Missouri Health and Educational Facilities Authority
15450 South Outer Forty Rd., Suite 230
Chesterfield, MO 63017
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