SR 05:283 - Laserfiche WebLink

The continuing care retirement community is unlike a conventional senior community where residents purchase homes or condos, or rent apartments. In the proposed development, residents pay a substantial entrance fee (ranging from around $200,000 to about $800,000) and a monthly fee (ranging from $2,000 to $3,700 for a single person, plus $1,000 per month for an additional person). Both vary with the size and location of the residence selected. Entrance fees are partially to fully repayable when a resident expires or leaves the facility. On average, a continuing care contract lasts for 12 to 15 years. Monthly fees generally go up over time with increases in operating costs, subject to oversight by the Continuing Care Contracts Branch of the Department of Social Services. Community Park: About 17 acres, located just north of the Arroyo Mocho, would be dedicated to the City for a community park. Vehicular access would be limited to a new 2-lane bridge extending Stoneridge Drive over the Arroyo Mocho that would also serve as pedestrian access linking the existing Stoneridge Drive linear park south of the Mocho with the park and the planned regional trail on the north side of the Mocho that will link Pleasanton and Livermore. Future Retail/Office Development: Approximately 12 acres, located to the north of the proposed community park, are proposed to be designated for future retail and/or office development. The SLA does not currently have a developer for this site and is seeking a flexible land use that would set maximum building heights and floor-area- ratios and permit a variety of potential uses, subject to future project-specific review by the City. Potential uses could include additional car dealers, a research and development complex with associated office uses, a warehouse/distribution center, or a mix of uses. Building height would be limited to a maximum of 45 feet to ensure compatibility with adjacent land uses and the Livermore Municipal Airport. A maximum floor-area-ratio (FAR) of 0.25 (gross) for retail development and 0.40 (gross) for other uses would limit development to approximately 130,000 square feet for a completely retail project or approximately 210,000 square feet for a project with no retail component. Vehicular access to the future retail/office development would, like the auto mall, be limited to 1-580 via El Charro Road, or from El Charro Road from the south if this extension is to be made in the future, with no vehicular access to the community park or the senior community. SR 05 :283 Page 3