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City of Tennille Memory Lane Assisted Living Facility EIP Loan – Building Renovation
| Date post: | 11-Jan-2016 |
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City of TennilleMemory Lane Assisted Living Facility
EIP Loan – Building Renovation
Overview
• Recipient – City of Tennille• Sub-Recipient – Memory Lane Assisted Living
Facility
• Grant Amount - $500,000 • Private Investment - $530,000• Jobs – create 50, 100% L/M
• Building renovation of the former D.D. Crawford Primary School (built in 1957) and convert it into an assisted living facility
City of Tennille–Memory Lane Assisted Living
City of Tennille–Memory Lane Assisted Living
Source and Use – City of TennilleSource Amount Use Amount
EIP $ 500,000 Building Renovation $ 470,000
Grant Administration $ 30,000
Owner’s Equity $ 530,000 Building Renovation $ 285,000
FF&E $ 135,000
Contingencies $ 50,000
Architectural $ 30,000
Project Mgmt $ 30,000
City of Tennille $ 404,840 Land/Project Site $ 396,840
Grant Consulting $ 7,000
City Audit $ 1,000
Total $ 1,434,840 Total $ 1,434,840
The previous school cafeteria has been transformed into a new dining facility for Memory Lane’s residents.
City of Tennille–Memory Lane Assisted Living
As part of Phase 1 of the project, hallways have been updated throughout the building.
City of Tennille–Memory Lane Assisted Living
As part of the first phase, an activity room for games and television was designed for the residents. Open House in August 2012
City of Tennille–Memory Lane Assisted Living
Former classrooms have been redesigned to accommodate potential residents room. Private bathrooms were added to each room.
City of Tennille–Memory Lane Assisted Living
• Phase 1 Complete. Up to 16 beds can be accommodated for assisted living
• Phase II will be complete in January 2013. Up to 45 beds can be accommodated for assisted living
• Phase III will be complete by March 2013. Phase III will be an Alzheimer’s Unit and will accommodate up to 30 beds.
• The Company is working towards obtaining their state operating license. They hope to have this by late February early March so citizens can start moving in..
• The Grand Opening will be in April 2013.
Project Updates
