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05-13-2020 Council Packet
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05-13-2020 Council Packet
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*Preliminary, subject to change.6 <br />on the waiting lists for independent living facilities of affiliates of the Limited Guarantor and the <br />Borrower in the market area indicated in the Forecast. <br />For more information about the Project, see “APPENDIX A - THE BORROWER, LANGSTON <br />SHORES, AND THE LIMITED GUARANTOR” in this Official Statement. <br />Estimated Sources and Uses of Funds. The estimated sources and uses of funds to finance the <br />acquisition of the Project are set forth below: <br />SOURCES OF FUNDS* <br />Proceeds of the Series 2020 Bonds <br />[Net] Original Issue [Premium/Discount] <br />Equity Contribution by Borrower <br />TOTAL SOURCES <br />USES OF FUNDS* <br />Refinancing of Prior Note <br />Fund Construction, Equipping and Development of the 2020 Project <br />Reserve Fund Deposit <br />Capitalized Interest Deposit <br />Costs of Issuance and Real Estate Costs(1) <br />TOTAL USES OF FUNDS <br />(1)Includes Underwriter’s discount; fees and expenses of Bond Counsel, counsel for the Issuer, counsel <br />for the Borrower and Limited Guarantor, and counsel for the Underwriter; accountant’s fees; printing <br />costs; recording and filing fees; and miscellaneous costs and related expenses. <br />(The remainder of this page is intentionally left blank.)
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