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tlousian Read Proved SUmmary <br /> Applicant <br /> Residential Services. he <br /> Project Title: <br /> Continuing Cue Center <br /> Request for Bond Fuutls: <br /> $385,419 <br /> Total Project Costs: <br /> $1,895,419 <br /> Bond Fund Leverage: <br /> 20%bond funds:80%arms funding sources <br /> Projcet Description: <br /> P..eadermid Services Two proposes to develop a Continuing Care Center fm elderly <br /> persons with devclopri disabilities. The Center will be locarcd on Mount llemwn Church <br /> Road and will contain 15 calls for persons with developmental disabilities. All of the <br /> individuals will be Medicaid eligible and haw Imours well below 3VI, of (Large Comity§ <br /> nmdgm ogome level, Bond fumdb will asshn with the site development and Construction Costs. <br /> Target PopulatioNProjeeted Outcome: <br /> 15 one individuals with incomes at or below 30%ofcriterion income <br /> Project Schedule <br /> Pmigems In Plain - Novcmbcr 15,20)1 <br /> Begin construction - January 2002 <br /> Project Completion - March 2003 <br /> Long Term Affordability Vehicle <br /> Residential smacs, mc foresees reaming ownership of the Center"well into the home <br /> and thcrcforq see the cemcr m being affordable for well over the next 99 yaua' Ford <br /> aaldulimb will b,the vehicle used to gumentce o1burdability_ <br /> Final Bond Award-$275,000 <br />