To encourage
the development of senior-oriented housing in Peachtree City, the City
Council has created the Residential Care for the Elderly Authority.
The action,
which came at last week's council meeting, was requested months ago by
the developer of a 144-unit upscale senior apartment complex that will
be built at the intersection of south Peachtree Parkway and Crosstown
Road. The authority will allow the developer to issue tax-exempt bonds
to reduce the average rent at The Parc at Peachtree City by several hundred
dollars a month.
Council also
approved the bond issue at Thursday's meeting, a requirement written into
the ordinance creating the authority.
The initial
authority will consist of all seven members of the Development Authority
and two seniors who served on the committee studying the matter: Floy
Farr and Jim Steinbach.
City Attorney
Rick Lindsey said the Residential Care for the Elderly Authority would
have to remain in existence until the bonds are retired, but it would
not have to meet on a regular basis unless necessary. He recommended approval
of the ordinance and of the bond issue proposal so the authority and the
developer could get to work on the matter.
Councilman
Steve Rapson suggested that the elderly facility authority be included
in the council's annual retreat planning session.
At a previous
meeting a representative of the developer said the apartments would remain
targeted at seniors even if it fails financially, although it is not expected
to fail. Norm Hansen of Prime Communities said the interior apartments
will be built with lower cabinets and other amenities that would render
them useless for families.
The facility
will offer a 24-hour on-site emergency medical response team in addition
to programming directed specifically at senior citizens. The Parc at Peachtree
City is a new type of facility aimed at seniors who can still function
normally but no longer wish to live in a home or on their own.
This type of
senior housing is such a new concept that there are few similar projects
in Georgia, Hansen said.
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