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<br />. <br /> <br />e <br /> <br />e <br /> <br />e <br /> <br />Municipality <br />in which the <br />Development <br />is located <br />Spring Park, <br />Minnesota <br /> <br />Bloomington, <br />Minnesota <br /> <br />Ankeny, Iowa <br /> <br /> Name of <br />Use of Bond Proceeds Existing Nature of Facility Address <br /> Facility <br />Refund outstanding City of Presbyterian 192 bed skilled 4527 <br />Spring Park, Minnesota Health Homes on nursing facility Shoreline <br />Care Facility Revenue Bonds Lake designed for elderly Drive, <br />(Twin Birch Health Care Center Minnetonka persons Spring Park, <br />Project), Series 1991 and finance Minnesota <br />the renovation and improvement <br />ofthe facility including financing <br />working capital costs and costs of <br />issuance <br />Discharge existing indebtedness Bloomington 80 bed nursing 401 West 95th <br />related to the acquisition of the Care Center home facility Street, <br />facility and finance the designed for elderly Bloomington, <br />renovation and improvement of persons Minnesota <br />the facility including financing <br />costs 0 f issuance <br />Refund outstanding City of Little Gardens of 86 rental unit 10030 <br />Canada, Minnesota Health Care Gideon Pond assisted living Newton <br />Facilities Revenue Bonds (The facility designed Avenue <br />Presbyterian Homes of for elderly persons South, <br />Minnesota, Inc. Project), Series Bloomington, <br />1992, finance renovation and Minnesota <br />improvement of facility including <br />financing working capital costs <br />and costs of issuance <br /> <br />Finance the acquisition, <br />renovation and improvement of <br />the facility including financing <br />working capital costs and costs of <br />issuance <br /> <br />Mill Pond <br />Care Center <br /> <br />60 bed nursing <br />home facility and <br />49 rental unit <br />assisted living <br />facility designed <br />for elderly persons <br /> <br />1201 <br />Southeast <br />Mill Pond <br />Court, <br />Ankeny, Iowa <br /> <br />The maximum aggregate estimated principal amount of bonds or other obligations to be issued <br />by the City to finance the Project will be $30,000,000. It is anticioated that ut> to three series of Bonds <br />will be issued to finance the Proiect. The Developer will be the initial owner and operator of The <br />Mayfield and the Gardens of Gideon Pond; McKnight Care Center and Lakeview will be initially <br />owned and ooerated by Presbyterian Homes of Arden Hills, Inc.; Presbyterian Homes on Lake <br />Minnetonka, will be initially owned and ot>erated by Presbyterian Homes Care Centers; Bloomington <br />Care Center will be initially owned by Presbyterian Homes Bloomington Care Center, Inc.; and Mill <br />Pond Care Center will be initially owned and operated by Presbyterian Homes Mill Pond Care Center, <br /> <br />1047497,RED <br />V2 to VI; OS/24/99 <br />