Memorandum

City of Lawrence

City Manager’s Office

TO:	David L. Corliss, City Manager
CC:	Diane Stoddard, Assistant City Manager
FROM:	Kevyn Gero, Management Intern
DATE:	1/20/2015
RE:	Other Senior Living Projects Receiving Bonds

Per the City Commission request for more information on similar IRB projects for other retirement complexes or independent living facilities, I have compiled the following information.

Reg Docs	Ord Date	Project	Bond Series	Bond Type	Amount Authorized (up to)	Purpose
Ord 4948	7/25/1978	Prairie- Ridge	Series July 1, 1978	Revenue Bonds (Housing Development)	$2,310,800	Senior Apartments, low income housing.  Some HUD subsidized.
Ord 5045	5/15/1979	Vermont Towers	Series May 1, 1979	Revenue Bonds (Housing Development)	$1,757,000	Apartments. Low-rent, subsidized
Ord 6553	5/31/1994	Drury Place at Alvamar	Series 1994	Revenue Bonds (Elderly Housing)	$2,880,000	Acquiring, constructing, installing and equipping an Elderly Housing Apartment Project
Ord 6395	12/22/1992	Brandon Woods	Series 1993	Revenue Refunding Bonds (Multi-Family Housing Development)	$6,000,000	Refund Multi-Family Housing development variable rate demand revenue bonds, Series 1987 Multi-Family Housing Development
Ord 5739	3/31/1987	Brandon Woods	Series 1987	Variable Rate Demand Revenue Bonds	$6,000,000	Acquire, purchase, construct and install a Commercial Multi-Family Housing Project.
Ord 4627	11/11/1975	Lawrence Presbyterian Manor	Series 11-1-1975	IRB	$2,000,000	Elderly Housing
Ord 5706	7/1/1986	Lawrence Presbyterian Manor	Series 1986	IRB	$3,500,000	Purchase, construct and equip certain additions and improvements to an existing Nursing Home Facility.
Ord 8901	9/3/2013	Neuvant House	Series 2013	IRB	$2,500,000	Acquiring, constructing and equipping a commercial health care facility.