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tlJ CONTINUING LIFE ATTACHMENT 3 COMMUNITIES Stoneridge Creek, Pleasanton Project Description By Continuing Life Communities September 14,2005 Page 1 of3 The project will be a continuing care retirement community (CCRC), as defined in the California Continuing Care Statutes, Health and Safety Code, Chapter 10 of Division 2, sections 1770 - 1793.62. The project will contain facilities for independent living in apartment style and attached homes (though constructed to a higher occupancy code than conventional residential housing), assisted living facilities including a portion specially designed for memory support, and skilled nursing facilities staffed for 24 hour nursing care. The skilled nursing facilities are licensed by the state Department of Health Services; all of the otlIer living facilities are licensed as Residential Care Facility for the Elderly (RCFE), an assisted living license, by the state Department of Social Services. The project must also obtain a license, called a certificate of authority to enter into continuing care contracts, from the Continuing Care Contracts Branch ofthe Department of Social Services. There are over 70 CCRC's in California. Continuing Life Communities and its affiliates have three (3) in southern California which can serve as laboratory examples for the proposed project. A principal attraction ofCCRC's to the elderly population is tlIe state regulated continuing care contract which provides full service retirement for residents and spouses to accommodate aging in place witlIout tlIe need for disruptive moves from one location to anotlIer, witlIout tlIe obligations and responsibilities of home ownership, incorporating the best features of full service long term care insurance. Aspects of the continuing care contract include: an independent residence to occupy as long as tlIe resident is independently capable; a large package of services and amenities including security, food service, transportation, activities; and availability and access to higher levels of nursing care as long and as often as needed with tlIe cost included, The contract obligates tlIe provider for the balance of the resident's natural life. Residents enjoy an enhanced sense of security and peace of mind, a better life and longer life. Residents pay for continuing care with an entrance fee and a monthly fee. Both vary with tlIe size and location ofresidence selected. Entrance fees are partially to fully 1940 Levante Street - Carlsbad CA 92009 (760) 704-6300 - Fax (760) 704-6267 www.continuinglife.com