Special Care Facilities Financing Authority (Lodge of Mill Lakes)

Meets: As needed.

Time: As needed.

Length of Term: 6 years.

Appointed by: City Council. The board of directors consists of three directors appointed by the City Council.

Required / Purpose: The Special Care Facilities Financing Authority was created to issue tax-exempt bonds for a senior assisted living facility that will accommodate 197 persons and 85 staff members. The City has no responsibility for the repayment of bonds.