Woodbury Housing and Redevelopment, Minn., preps $54.71 million bonds

By Sheri Kasprzak

New York, Sept. 25 – The Housing and Redevelopment Authority In and For the City of Woodbury, Minn., is expected to price $54.71 million of series 2014 revenue bonds, according to a preliminary official statement.

The bonds will be sold on a negotiated basis with Ziegler as the senior manager and Dougherty & Co. and Northland Securities as the co-managers.

The bonds are due 2017 to 2024 with term bonds due in 2029, 2034, 2044 and 2049.

Proceeds will be used to finance the construction, equipment, acquisition and furnishing of senior living facilities at St. Therese at Woodbury, including independent living apartment, assisted living facilities and a memory care center.

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