Westminster, Md., organizes $50.62 million Carroll Lutheran bond sale

By Sheri Kasprzak

New York, June 16 – The City of Westminster, Md., is set to price $50.62 million of series 2014 project and refunding revenue bonds for the Carroll Lutheran Village Inc., according to a preliminary official statement.

The bonds will be sold on a negotiated basis with H.J. Sims & Co. as the senior manager.

The bonds are due 2016 to 2024 with term bonds due in 2034 and 2044.

Proceeds will be used to finance improvements and renovations to independent living units at the Carroll Lutheran retirement community in Howard County, Md., as well as to refund existing debt.

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