The development, which will be located at
It was the project's final needed government approval.
The project comprises a nearly 5-acre area targeted for an 11,000-square-foot, one-story facility slated to have 20 one-bedroom apartments.
Construction is expected to start this fall.
Appearing before the
"It's a very unique senior living facility, meaning it's not an institutionalized one, meaning that the people will have their own private apartments but [also] common areas of living rooms and those sorts of things. And these folks will come and go to this senior living facility," said Wyman in previous comments about what will be a roughly
"The reality of this senior living facility is they will be providing this place to live all the way up to the first stages of when they would need assisted living," he added, noting residents will be provided transportation but can also have their own vehicles.
"So it really is a true senior living facility."
Wyman has also said the facility will include "smaller apartments" and be "a big family-type atmosphere" with communal spaces like a kitchen and living area.
Also speaking to
Phelps noted that the project has a second-phase plan that could include a "proposed Alzheimer's unit" to the south of the senior living facility. It would also be an 11,000-square-foot facility with 20 rooms.
Wyman confirmed that the second phase would be a "memory care" facility for Alzheimer's and dementia patients. He said there is no timeline in place for the possible second-building expansion.
The TIF district will next be reviewed by the
A TIF district is a specific geographic area where property tax revenue raised on new assessed value is captured by the city's
In essence, the property value of real estate within the TIF district at the time the district is established is considered the area's base value; everything over that is then captured by the RDC and used on economic development or other projects or funding inside the TIF district.
In this case, the revenue will be used to make debt service payments on the city's
The council this week passed on first reading an ordinance issuing
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