| Fitch Releases Nonrated Descriptive Report on Skyline at First ...
TAMPA, Fla.--(BUSINESS WIRE)--On Tuesday, January 23, 2007, Fitch expects to release a non-rated descriptive report on approximately $214.8 million Washington Housing Finance Commission Non-Profit Revenue Bonds (Skyline at First Hill Project), Series 2007A-D. Fitch's descriptive credit report provides analysis of significant credit factors and includes Fitch's evaluation of the strengths and risks surrounding this credit. Generally, Fitch regards unenhanced debt issued with financial characteristics similar to the described facility as being below investment grade. The bonds are expected to sell during the week of Feb. 5, 2007 via negotiation through Ziegler Capital Markets Group. Proceeds of the series 2007 bonds, together with other funds, will be used to construct a new Type-A continuing care retirement community in the First Hill neighborhood of Seattle, WA, fund capitalized interest, working capital, various trustee-held accounts including debt service reserve fund and associated costs of issuance.
Senior Complex Fire Under Investigation
Richmond firefighters are mopping up after a two-alarm fire that broke out earlier this morning at a Richmond senior citizen's housing complex, completely destroying one apartment and sending two residents to the hospital for smoke inhalation, Richmond Fire Chief Michael Banks said. .
Business breifing
The Columbia River Economic Development Council announces its new officers for 2007 and members of its executive committee. Officers are Ron Frederiksen , chairman; Tim McMahan , vice chairman; S. Kelly McDonald , secretary; John McDonagh , treasurer; Paul Winters , past-chairman. Executive committee members include Doug Anderson , Parker Cann , Curt Christiansen , Carol Curtis , Paul Dennis , Pat McDonnell , Betty Sue Morris , Jim Short and Brian Wolfe . Darreld Hutchins , financial consultant and assistant branch manager for A.G. Edwards & Sons Inc., has achieved the certified financial planner certification. He completed more than 1,000 hours of study and passed several exams, with a focus on asset allocation, estate planning. life insurance and retirement planning. Jennifer Tanner has been named manager of a new Wells Fargo Financial office in Vancouver that will provide real estate secured lending, automobile financing, consumer and private-label credit cards and commercial services to consumers and businesses.
County agrees to reduce beds at nursing home
JANESVILLE - Within the next few months, Rock Haven Nursing Home will reduce the number of licensed beds from 156 to 130, but no jobs or current residents will be affected, officials said. Despite a couple motions to table the decision, the Rock County Board of Supervisors approved the reduction Thursday 17-10. Two supervisors were absent.“By March we will be at our new size and have staff moved where we need them most," Rock Haven Administrator Sherry Gunderson said.Rock Haven, located north of Janesville at the corner of Highway 14 and 51, treats people with medically complex needs, such as those requiring IVs, feeding tubes or people with memory loss. The facility also cares for short-term patients, including people receiving rehabilitation from strokes or hip or knee replacements.
FNB to go ahead with anti-crime campaign
First National Bank (FNB) will go ahead with its anti-crime campaign but at a later date, the South African Broadcasting Corporation reported on Monday.The bank withdrew its multimillion-rand initiative meant to pressurise President Thabo Mbeki into making crime prevention his first priority, apparently after meeting with security-cluster leaders on Friday.The bank had planned to print 1,5-million posters, each containing a postage-paid letter addressed to The Honourable Mr TM Mbeki. South Africans were encouraged to send Mbeki their personal stories about how crime had touched their lives.Presidential spokesperson Mukoni Ratshitanga has denied any intervention from Mbeki's side.Deputy President Phumzile Mlambo-Ngcuka has also denied that the government put pressure on FNB to cancel the initiative."I am not aware that the Presidency requested FNB to withdraw the campaign.
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