Westminster, Md., expected to sell $104.28 million revenue bonds

By Sheri Kasprzak

New York, July 28 – The City of Westminster, Md., plans to price $104.28 million of series 2014 revenue bonds for the Lutheran Village at Miller’s Crossing, according to a preliminary official statement.

The deal includes $61.26 million of series 2014A project revenue bonds, $6.77 million of series 2014B entrance fee principal redemption bonds, $21.25 million of series 2014C entrance fee principal redemption bonds and $15 million of series 2014D entrance fee principal redemption bonds.

The bonds will be offered through H.J. Sims & Co.

The 2014A bonds are due 2024, 2034 and 2044. The 2014B bonds are due in 2023. The 2014C bonds are due in 2021, and the 2014D bonds are due in 2019.

Proceeds will be used to finance capital projects for Lutheran Village at Miller’s Crossing, an assisted-living facility operated by Carroll Lutheran Village Inc., as well as to repay a pre-development loan.

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