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Appendix A <br />Project Description <br />Ta�c Increment Financing District No. 4 is being created to facilitate the redevelopment of the existing senior <br />housing units owned by Pr�sbyterian Homes, exclusive ofthe existing nursing home units which will remain, <br />in the City. <br />Presbyterian Homes intends ta replace the existing �nits with approximately 202 new units consisting of 166 <br />senior apartrnents and 36 brownston� units. Currently, the existing units fall short ofineeting the needs of its <br />residents. The units are undersized, have insufficient cornmon areas and 1png corridors that present <br />difficulties for residen#s. The �uildings also have agzng mechanical and electrical systems and utilities. <br />The future Presbyterian Hornes Campus will provide a greater number of independent living apartments, that <br />wili better suit the demands of the surrounding popuIation. It will also provide a dedicated merr�ary care unit <br />in assisted living which wi11 be built in a neighbarhood style, as well as reconfigured assisted living units that <br />are better suited for delivery of care needs, comfort of residents and create a sense of community. <br />The goal for the new project is to nnatch the averall density and number of units presented on the campus <br />while aligning those units with the current and projected needs of the surrounding population. <br />Appendix A-1 <br />