SR 05:219 - Laserfiche WebLink

SUMMARY The City has been working with BRIDGE Housing Corporation (BRIDGE) toward the development of a lOS-unit assisted living facility that will be located at the northwest corner of Sunol Boulevard and Junipero Street. The City Planning Commission approved the project design and planning previously. The Housing Commission's Assisted Living Task Subcommittee approved the basic operating structure, operational parameters and affordability component and recommended City staff and the Housing Commission proceed with completing project details and changes. The Housing Commission recently approved draft copies of City documents including the Ground Lease and the Regulatory Agreement. The City Council previously approved the project PUD, the affordability component, the Ground Lease and a proposed financing structure, including the City loan commitment of $2.49 million. This report provides an overview of the project and recommends approval of ownership, operational and financing agreements that are required prior to the start of project construction. Honorable Mayor and Members of the City Council: BACKGROUND The City currently owns a 3.S9-acre site located at the northwest corner 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 ofresidents approached the City Council requesting consideration to utilize this site for the development of an assisted living facility. In response, the City Council referred this matter to the Housing Commission which in turn established an assisted living subcommittee to assist in coordinating this project. The goal of the Assisted Living Subcommittee has been to "develop a complete, financially-feasible project plan and operating program for assisted living services and/or a facility (through new construction or conversion) for seniors in the City of Pleasanton and to submit the completed package for consideration under the City's review process." In 1997, the City circulated a Request For Qualifications (RFQ) to select 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 the development. As a result of this situation, 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 were selected to develop the project. A Land Disposition Agreement between the City and BLP Partnership, Inc. (a corporation formed for this project by BRIDGE and Lytton) was approved by the City Council in August 2000. This Agreement provided the SR:05:219 Page 2