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Page 2 a dead end line and consequently not sufficient to provide the fire flow needed for the facility's sprinkler system. Indian River County will fund the construction of the water and sewer lines needed to serve the site through a Developers Agreement with CRA Carecenters, Inc.. Because the wastewater force main needed for this project is in the County's capital improvement plan, the Board of County Commissioners approved Developers Agreement ►will provide for reimbursement of all costs incurred by CRA for the sewer line extension except the line extension (assessment) charge for 674 linear feet of sewer line adjacent to the CRA property on 66th Avenue. CRA shall bear the cost of looping the water line approximately 1,500 linear feet, from an existing water main on CR 510, north to an existing water main near the intersection of 66'" Avenue and Barber Street. This cost will be paid by CRA Care Centers, Inc. as par of its loan arrangements. The total ALF project cost is estimated at $5,319,885. Funding sources and amounts include 5690,000 as a CDBG-ED loan to CRA Care Centers, $4,279,860 as a commercial lending institution loan to CRA Care Centers, Inc. and up to $350,025 owner equity. owner equity funds will be used for operating deficits and for loan and broker fees, to be spent after the date of grant award, and also include costs already paid (such as land binder fees, market study, and survey). Please note that this is an estimate and that actual amount of owner equity may change. For grant scaring purposes, CRti Care Centers, Inc. is claiming oniv ,51,500,000from the commercial lending institution loan as private leverage, because that is the maximum amount for which application points can be claimed. CRA estimates that, within 24 months of grant award, the ALF will be at 50% capacity and that at a minimum 26 jobs will have been created. Within 30 months of grant award, the ALF will beat full capacity with 35 full time equivalent jobs anticipated. Forgrani scoring purposes, CRA is committing to create 26 jabs within two years ofgrant award. At the time of hiring, at least 51% of the new employees (14) will be from low to moderate income households as defined by HUD income limits. Also, all low to moderate income jobs offered will be available to persons with a high school education. The ALF will provide care levels from nearly independent to extended care which involves some skilled nursing. Also, dementia care (Alzheimer's and other types of dementia) will be provided in a separate, secured, specially designed part of die building. Commitments ,From CR.•# Care Centers, Inc. Act as a CDBG-ED "Participating Party," Invest up to 5350,025 as owner equity for ALF operating deficits and other soft costs. Obtain a $4,279,860 loan from a commercial lending institution to be used for ALF construction and start-up activities. only $1,5o0,0U0 of this loan will be used as leverage for grant scoring purposes. Use $690,000 in the form of a low interest (4%) loan from the C DBG•ED program as partial funding for construction of the ALF.