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Last modified
2/13/2025 2:02:55 PM
Creation date
2/13/2025 2:00:24 PM
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Resolutions
Resolution Number
2025-007
Approved Date
02/11/2025
Agenda Item Number
14.A.1.
Resolution Type
Revenue Bonds
Entity Name
Acts Retirement-Life Communities, Inc
Subject
Approving the issuance by the Palm Beach County Health Facilities authority of one
or more series of its retirement communities revenue bonds, Series 2025 (Acts Retirement-
Life Communities, Inc. Obligated group) in an amount not to exceed $70,000,000.
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(3) <br />Indian River Estates <br />Address: <br />Description of Existing Facility <br />East Campus: 2250 Indian Creek Blvd West, Vero <br />Beach, Indian River Co., FL 32966-1395 <br />West Campus: 7730 Indian Oaks Drive, Vero Beach, <br />Indian River Co., FL 32966-5178 <br />584 independent living units, central facilities, 66 assisted <br />living units and a 120 bed medical care facility. <br />Projects to be Financed: Miscellaneous capital improvements and renovations and <br />the acquisition of capital equipment, including, but not <br />limited to, renovations and upgrades to residential living <br />units, health care facilities and common areas, the <br />acquisition of new plant equipment, other facility interior <br />and exterior enhancements, and technology <br />advancements. <br />Maximum Principal Amount up to: $5,000,000 <br />(4) Mease Life <br />Address: 700 Mease Plaza, Dunedin, Pinellas Co., FL <br />34698 <br />Description of Existing Facility: 184 independent living units, central facilities, 92 assisted <br />living units, 32 memory care units and a 62 bed medical <br />care facility. <br />Projects to be Financed: Miscellaneous capital improvements and renovations and <br />the acquisition of capital equipment, including, but not <br />limited to, renovations and upgrades to residential living <br />units, health care facilities and common areas, the <br />acquisition of new plant equipment and other facility <br />interior and exterior enhancements, including specifically <br />the renovation of the kitchen and fapade, and roof, fire <br />panel and HVAC system replacement and technology <br />advancements. <br />Maximum Principal Amount up to: $20,000,000 <br />
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