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Last updated: 04/21/2017 - 12:16pm

Massachusetts Development Finance Agency Hearing

The Massachusetts Development Finance Agency is holding a Public Hearing on May 9 at 10:00 a.m.

Discussion Topics

  1. 10:00 AM Agenda

     Notice is hereby given that a public hearing will be conducted by the Massachusetts Development Finance Agency (“MassDevelopment”) at 10:00 a.m. Tuesday, May 9, 2017, at its offices located at 89 Shrewsbury Street, Worcester, Massachusetts 01604, acting under and pursuant to Massachusetts General Laws, Chapters 23G and 40D, as amended, of bonds in the maximum aggregate principal amount of $24,800,000 (the “Bonds”).  If the Issuer’s offices are closed on May 9, 2017 due to unforeseen circumstances, including without limitation adverse weather conditions, the public hearing will be held on the next business day on which the Issuer’s offices are open at the same time and location. The total estimated project costs are $26,500,000.  The Bonds will be issued to provide for the financing and/or refinancing of, and the reimbursement of funds advanced by Lutheran Home of Jamaica Plain, Inc. (the “Institution,” which term includes for purposes of this Notice any parent, subsidiary or other affiliate thereof) with respect to certain facilities owned or to be owned and operated by the Institution (including without limitation such financing, refinancing or reimbursement of bond reserves, capitalized interest and issuance costs), generally consisting of the financing of, and/or the refinancing of the acquisition of a 1.79 acre tract of land, along with a 37,400 square foot building  on said tract, located at 174 Forest Hills Street, Jamaica Plain, Massachusetts 02130 and containing a 120-bed skilled nursing facility known as Laurel Ridge Rehabilitation and Skilled Care Center, and  owned  and operated, or to be owned and operated, by the Borrower (collectively, the “Project”).

                The Bonds will not constitute a general obligation of, or a pledge of the faith and credit of MassDevelopment or a general obligation of, or a debt or pledge of the faith and credit of the Commonwealth.

                Interested persons wishing to express their views on such Project and the proposed issuance of revenue bonds to finance and refinance the costs of such Project will be given the opportunity to do so at the public hearing or may, prior to the time of the public hearing, submit their views in writing to Massachusetts Development Finance Agency, 89 Shrewsbury Street, Worcester, Massachusetts 01604.