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CCAgenda_05May25
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CCAgenda_05May25
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7/16/2009 10:03:13 AM
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• One Bedroom-Balcony 8 640 <br />One Bedroom-Patio 8 640 <br />One Bedroom-Den 4 980 <br />Two Bedroom-No Patio/Balcony 4 851 <br />Two Bedroom-Patio 2 851 <br />Two Bedroom-Balcony 2 851 <br />Two Bedroom 2 900 <br />All units have fully equipped kitchens, telephone and computer hook ups, and an urgency <br />response system connecting to on site health care professionals. The facility also includes one 8-space <br />garage, a congregate dining room, a commercial kitchen facility, 2 laundry facilities, 4 common areas <br />including a sun room, a media room and library, a chapel (not financed by the Bonds), a coffee shop, a <br />• barber/beauty shop, 2 executive offices, and an entry foyer with grand staircase serving the second <br />level (along with a central elevator system). <br />Monthly rents range between $1,350-$1,750 depending on the floor plan of the unit. Included <br />in the rent is 24 hour staffing, weekly housekeeping and laundry/linen services, and a daily meal. <br />Additional a la carte meal services are available. In addition, health related services including visits <br />with an on site Registered Nurse, are available for an extra fee. The Project will be designed, <br />constructed and equipped in accordance with the requirements of Subdivisions 1 and 4 of Section <br />46X.05 of the Act. <br />Section A. Definitions. The following terms used in this Program shall have the following meanings, <br />respectively: <br />"Act" shall mean Minnesota Statutes, Chapter 462C, as currently in effect and as the same may be from <br />time to time amended. <br />"Bonds" shall mean the revenue bonds to be issued by the Issuer to finance the Program. <br />"Code" shall mean the Internal Revenue Code of 1986, as amended. <br />"Housing Unit" shall mean any one of the apartment units, each located in the Project, occupied by one <br />person or family, and containing complete living facilities. <br />"Issuer" shall mean the McLeod County Housing and Redevelopment Authority. <br />"Land" shall mean the real property upon which the Project is situated. <br />"Maplewood" shall mean Maplewood Senior Housing, Inc. ("Maplewood"), a Minnesota nonprofit <br />• corporation and atax-exempt 501(c)(3) organization <br />~4 <br />
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