SearStone Receives Preliminary Approval from PFA to Issue Bonds

Will Help Finance Construction of Retirement Community

2010-12-17

CARY, NC, December 17, 2010 (Press-News.org) Samaritan Housing Foundation, Inc., the nonprofit owner/developer of the planned SearStone continuing care retirement community (CCRC) in Cary, has announced that the organization has received preliminary approval from Public Finance Authority (PFA) to issue up to $125 million in tax-exempt bonds to help finance construction.

Public Finance Authority is a government entity established to issue tax-exempt conduit bonds for public and private entities nationwide. The Authority is sponsored by the National Association of Counties, the National League of Cities, the Wisconsin Counties Association and the League of Wisconsin Municipalities.

Keith Langenhahn, chair of PFA, wrote that the Board of Directors "preliminarily approved the issuance of bonds" at its meeting on Dec. 9.

"This is very encouraging news for our depositors and should help us maintain our timeline of beginning construction in 2011 and having our residents move in by the end of 2012," said SearStone founder Bill Sears.

With over 100 of SearStone's 169 units already presold, the community is very close to meeting the 70 percent mark required before construction can commence.

For more information about the SearStone community, visit http://www.searstone.com or call (919) 466-9366. For additional information on Public Finance Authority, visit http://www.pfauthority.org.

About SearStone
SearStone is a continuing care retirement community being developed on the southeast corner of High House Road and Davis Drive in Cary. The community is not-for-profit and will offer several different home styles for independent residents 62 years and older. SearStone will give residents exclusive access to long-term-care services such as home health care, assisted living and nursing care. SearStone was mentioned in the New York Times and is currently accepting deposits for membership. For more information, visit http://www.searstone.com, call (919) 466-9366 or attend one of our events.

ELSE PRESS RELEASES FROM THIS DATE:

Five-Time Emmy Award Winning News Anchor Launches Power Media Company

2010-12-17

Five-Time Emmy award-winning former national news anchor, Asha Blake, announced the launch of her new powerhouse media company, Goldenheart Media (www.goldenheartmedia.com). The former news anchor and syndicated show host has more than 20 years of experience in media including shows such as NBC's "Later Today", ABC's "World News Now", "Good Morning America" and "World News Tonight with Peter Jennings." Blake's new mission is to be a game changer in the world of media by introducing power players who are changing the world through their books, films and businesses. Blake ...

Foreclosures Continue Even with Mortgage Modifications

2010-12-17

Noted financial advisor Dennis Tubbergen keeps an eye on the housing market and many other financial topics in his online blog and in his monthly newsletter Moving Markets . Tubbergen, who is CEO of USA Wealth Management LLC, a federally registered investment advisory company, believes the housing market cannot improve until unemployment numbers become substantially better and the U.S. begins to deal with the excessive amount of debt we are currently facing. The most recent glimmer of hope for some homeowners facing foreclosure comes in the form of mortgage modifications. ...

Hydroflo Pumps Unveils New Zero Lead Pump

2010-12-17

Hydroflo Pumps USA, Inc., a leading pump manufacturer, announces the addition of a Zero Lead Pump to its line of turbines, pumps and specialty products. The Zero Lead Pump meets and exceeds regulations of the current Safe Drinking Water Act (SDWA), including the most stringent laws in the states of California and Vermont. Due to lead's harmful health effects, recent legislation restricts the amount in a component of a drinking water system to a maximum of 0.0025%. "Lead poisoning is a very serious health issue, especially in young children," said Brian Daschner, President ...

Little Switzerland Shops In The Caribbean Carry Omega Watches, Favored By Collectors

2010-12-17

Omega watches and chronometers are favorites of serious collectors, according to Little Switzerland, a luxury jewelry and watch retailer with shops located in highly sought-after travel destinations in the Caribbean and beyond. Omega is recognized for its innovation, precision and accuracy. It has been the official timekeeping device at many of the Olympics games, including the 2010 Vancouver Winter Olympics and has been used by NASA. Buzz Aldrich wore an Omega watch on his historic walk on the moon in 1969. James Bond has worn the watches in many of the movies beginning ...

Sliding Glass Door Woes?

2010-12-17

Sliding glass doors are wonderful alternatives to the traditional hinged doors, especially when it comes to accessing the backyard or other outdoor areas. But like all household items, sometimes sliding glass doors need a tune up. Whether it's hearing a grating noise or having to use all of your body weight to get the door to move, there is a simple solution to all of your sliding glass door woes. Most of your issues may rest with one particular piece of equipment: the roller. Weather, use, and time can make your roller work less efficiently, and this can be fixed with ...

¡Rápido! Catering Services Debuts in Southern California in Time for the Holiday Season

2010-12-17

¡Rápido! Catering (¡Rápido!) announces the launch of their new catering services available in the Southern California area. ¡Rápido! provides a healthy approach to traditional Mexican cuisine. To commemorate their grand opening, ¡Rápido! is providing customers a 10% discount off all holiday orders. "We're excited to offer traditional Mexican cuisine that our grandmothers and great-grandmothers have prepared, however we've put our own twist on it by taking a healthy approach in the ingredients we use to prepare each dish," commented Andy Ramirez, owner of ¡Rápido!. "Each ...

Hate Needles and Knives? Rx Systems PF's Non-Surgical Facelift Provides Pain-free, Scientific Results

2010-12-17

Rx Systems PF's non-surgical facelift procedure is designed to improve the appearance of aging and sun-damaged skin through products scientifically formulated to stimulate epidermal exfoliation, increase epidermal skin cell growth, restore epidermal enzyme activity and increase collagen synthesis and dermal glycoproteins. The results - minimal discomfort and downtime, improved skin texture and tightness, improved skin color, lightening of brown spots, decreased pore size and a decrease in the appearance of fine lines and wrinkles. "It's important to have a general understanding ...

Simon Dodd Marketing Offers Free Information on Traffic generation Techniques

2010-12-17

"Most people building a business online are struggling to get regular traffic to their websites," said Simon Dodd of Simon Dodd Marketing. "By making this information available for free, we are hoping to educate more people about generating regular free traffic to any website." In this Traffic Generation Report, people will learn: 1 Using Articles to Generate traffic 2 Using Forums to generate traffic for a lifetime 3 Using other websites in your niche to generate a community of followers 4 Using Social Media to generate mountains of traffic This is a fantastic ...

Turning Point Estate Services, LLC Grows Roots in Fairfield County, CT

2010-12-17

Bringing their expertise in managing the transitions between the sequential chapters of life, Turning Point Estate Services, LLC has grown and moved its invaluable life services model to Wilton, CT. Moving North from Old Greenwich, CT, Turning Point offers an innovative approach to assist in the management and disposition of personal property and estates in transition. The professionals of Turning Point provide comprehensive service solutions through a single point of contact to our clients in the Connecticut and Westchester, New York areas. Through compassion, skill, respect ...

Oleksandr (Alex) Balyuk has joined Trust Marketing Group, Inc. (TMG) as a Vice President in charge of Software Solutions and Internet Promotion Services.

2010-12-17

Mr. Balyuk has worked for some of the leading Software Development companies as a senior software engineer at companies like LexisNexis, whose software is used by the US Government, IRS and many other legal organizations. He has worked on projects for Home Depot and the US Army. Alex has worked diligently over the years as a consultant and has contracted to companies assisting them in Exposing their business websites to the World. At Trust Marketing Group Alex will oversee his team of web designers and software engineers located from Russia, California, Washington to ...

SearStone Receives Preliminary Approval from PFA to Issue Bonds

ELSE PRESS RELEASES FROM THIS DATE:

LAST 30 PRESS RELEASES: