Randall Residence at Yankee Trace, LLC will finance and construct approximately $11.4 million of public improvements to support the Yankee Trace Assisted Living Campus located in Centerville, Ohio. This 9.82-acre site located on Social Row Road is the last phase of the Yankee Trace Golf Community in Centerville.
The public improvements include road, water, sewer, utility improvements, landscaping and common area improvements to support the Yankee Trace assisted living, independent living, and memory care facility located in the Yankee Trace Master Planned Community in Centerville, Ohio. The Community is one of the larger land users in the southwest portion of Centerville, covering 550 acres, and has been one of the bestselling community’s in all Southwestern Ohio with approximately 1,000 existing homes in or near the subdivision.
Community amenities include hiking and biking trails, swimming pool, tennis center and championship level golf course. The community is part of the Golf Club at Yankee Trace, a publicly-owned 27-hole course and a 32,000-square foot clubhouse which includes a pro shop and indoor practice area.
The Bonds will be secured and repaid from New Community Authority Charges placed on the private improvements which will involve the construction of 60 independent living units, 56 assisted living units and 48 memory care units on the 9.82 acre site at a
projected cost of $33,230,000.
Roetzel and Andress served as Bond Counsel and DiPerna Advisors served as Financial Advisor for the project.