SR 05:079 - Laserfiche WebLink

Honorable Mayor and Members of the City Council: BACKGROUND The City currently owns a 3.59-acre site generally located at thc northeast comer of the intersection of Sunol Boulevard and Junipero Street. The site is vacant except for street trees and shrubs next to the Junipero Street right-of-way. In 1996 a group of residents approached the City Council requesting the City to consider utilizing this site for the development of an assisted living facility. In response, the City Council referred this matter to the Housing Commission that, in turn, established an assisted living subcommittee to assist in coordinating this project. In 1997, the City circulated a Request For Qualifications (RFQ) to identify a developer to work with the City to develop the project. As an outcome of this process, the City selected the development team of Bridge Housing Corporation and the Hillsdale Group. Unfortunately, after extensive planning and negotiations, the Hillsdale Group was purchased by ARV Assisted Living who after reviewing the project, informed the City that it did not intend to pursue its development. As a result, the City issued a new Request For Qualifications in 1999. In response to this RFQ, the firms of Bridge Housing Corporation and Lytton Gardens Senior Communities was selected to develop the project. A Land Disposition Agreement between the City and BLP Partnership, Inc. (a partnership formed for this project by Bridge and Lytton) was approved by the City Council in August 2000. This agreement provided the Bridge/Lytton Partnership with exclusive rights to develop the project for the purpose of negotiating a ground lease, Regulatory Agreement and financial plan. Since the Land Disposition Agreement was approved, a PUD has been approved and the project is ready to pull all City building permits. In addition, Eskaton has been retained to provide project management services. Bridge has also been drawing funds from the $949,805 predevelopment loan approved by the City in May 2003 to cover predevelopment costs related to finalizing drawings, obtaining permits, legal documentation and project financing. The proposed development will consist of 105 units, of which 31 will be affordable units and 19 will be units reserved for residents with Alzheimer's. Total size of the development is 59,581 square feet resulting in 38% floor area (FAR) for the site. Bridge has named the project Parkview Regent. The proposed unit mix for the project is as follows: Planned Unit Mix For Assisted Living Development Number of Total Units Affordable SSI Units (25%) Affordable Units at 50% Studio Units 25 9 16 One-Bedroom Private Units 49 0 5 One-Bedroom Shared Units 5 0 0 Two-Bedroom Units 7 0 0 Alzheimer Units 19 0 l (B~d) TOTAL 105 9 22 SR 05:079 Page 2