PUBLIC NOTICE: WelLHaven Revenue Note Sale | River Falls Journal
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PUBLIC NOTICE: WelLHaven Revenue Note Sale

Monday, May 12, 2014 - 11:20pm

NOTICE TO ELECTORS OF THE
CITY OF RIVER FALLS, WISCONSIN
RELATING TO NOTE SALE
On May 14, 2014, a resolution was adopted by the Housing Authority of the City of River Falls, Wisconsin (the “Authority”), approving, at the request of WelLHaven Senior Housing, LLC, a Minnesota limited liability company (the “Company”), the issuance and sale by the Authority of its housing facilities refunding revenue notes, in one or more series, to be issued in an original aggregate principal amount of not to exceed $5,300,000 (the “Notes”). The proceeds of the Notes will be applied, among other things, to refund and redeem in whole the outstanding Housing Revenue Bonds (WelLHaven Senior Housing, LLC Project), Series 2005A, issued by the Authority in the original aggregate principal amount of $5,695,000 (the “Series 2005 Bonds”), which Series 2005 Bonds were originally issued to provide financing and refinancing for the Company’s existing elderly housing facilities in the City of River Falls. The address of the Company’s elderly housing facilities is 119 Union Street, River Falls, Wisconsin. It is anticipated that the closing of the sale of the Notes will be held on or before May 20, 2014. A copy of all proceedings had to date with respect to the authorization and sale of said Notes is on file and may be examined in the offices of the Authority, located at 625 North Main Street, River Falls, Wisconsin.
This notice is given pursuant to Section 893.77, Wisconsin Statutes, which provides that an action or proceeding to contest the validity of such municipal financing, for other than constitutional reasons, must be commenced within 30 days after the date of publication of this Notice.
/s/ Ann McAlpine, Executive Director
_________________________________ (Pub. 05/15/14) WNAXLP