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<br />The facility cannot be constructed without the wastewater extension and the increase in water
<br />vol::me and pressure, due to permitting requirements and safety factors.
<br />This commitment is also conditioned upon final approval by the County of the zoning special
<br />exception for the project (the site is zoned RM6, which specifically allows this development by
<br />special exception).
<br />I plan to locate the ALF in a 42,500 square foot building on a 22 acre site in unincorporated
<br />Indian River County near the City of Sebastian. We plan to use a CDBG-ED loan as partial
<br />funding of the ALF. Funding sources and amounts include a $690,000 CDBG-ED loam to CRA
<br />Care Centers, a $4,279,860 commercial lending institution loan to CRA Care Centers, Inc.,
<br />and up to $350,025 in additional owner equity. With the $60,000 CDBG-ED grant
<br />administration funds that the State will pay to Indian River County, the total estimated project
<br />cost is $5,379,885. The commercial loan will be used for design, land acquisition, utilities,
<br />site development, loan fees, other professional fees, pre -operational marketing, additional
<br />furnishings and start up supplies, and building costs. lAost of the owner equity funds will be
<br />used for operating deficits, broker fees and other non-CD13G eligible project costs, and some
<br />of the funds have been issued for binder fees on the property, surrey costs, a market study,
<br />and developer fetes. Please note that this is a budget estimate and that the actual amount of
<br />owner equity and commercial loan may change slightly. For grant scoring purposes, KV are
<br />claiming only $1,500,000from the contrnercial lending insdiurion loan us private leverage,
<br />because this is the maximum amount for which application points can be awarded.
<br />For grant application scoring purposes, CRA Care Centers, Inc. is committing to create 26 new
<br />jobs. At the time of hiring, at least 51%e of the new employees (14) will have low to moderate
<br />household incomes as defined by HUD income limits. The ALF will provide care levels from
<br />nearly independent to extended care which involves some skilled nursing. Also, dementia care
<br />(Alzheimer's and other types of dementia) will be provided in a separate secured, specially
<br />designed part of the building. Staffing plans are based upon the proposed services, and the
<br />staffing of similar facilities.
<br />The majority of jobs to be created will be service type occupations that would be required to
<br />serve the elderly and handicapped. The types of jobs that will be needed to serve the ALF
<br />residents will include cooks, personal care aids, LPNs, housekeepers, maintenance personnel,
<br />certified nurses aides, a social director, administrator, ftnancialladministrat ive assistant,
<br />receptionist, etc. The majority of the jobs to be created will be readily available to persons with a
<br />high school education. A review of 1990 census information for the Indian River County area
<br />shows there is a significant number of residents in the County that have only a high school
<br />education or below and would benefit grcatly from this project. CRA Care Centers, Inc.
<br />estimates within 24 months of grant award the ALF will be at 50% capacity and that 26 jobs will
<br />have been created. Within 30 months ot'grant award, the ALF will be at full capacity with 35 for
<br />more full time equivalent ;lobs anticipated. l err grall, scr,ring prrrposety. CRA is vtono +ruin{t to
<br />create ?6 jcahs ►rrtlrhr two }rcrrs r�,F}�r°rrrri rot, aid
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