The Bristol Press – Bristol Council of Commissioners for Economic and Community Development passes motion for downsizing and approval of new KindCare facility
BRISTOL – Bristol’s Council of Commissioners for Economic and Community Development on Thursday passed a motion for an abatement and approval of a new KindCare assisted living center scheduled for construction at 483 North Main Street, pending the municipal council approval.
âI think the development itself is obviously very beneficial to us for a lot of different reasons, but what is often lost is the service that Mark and KindCare bring to this community. The idea of ââa more affordable assisted living concept for people who need it, I think, is really essential, âsaid Justin Malley, Director of Economic and Community Development for Bristol.
KindCare CEO Mark De Pecol noted that the proposed assisted living facility is aimed at middle-class clients.
âReally, there is no product for this with a few exceptions,â De Pecol said. âWe keep the costs low. We’re about 20-25% lower than the luxury assisted living facility, but we have the same amenities. This is what is good about first class restaurants, wellness, libraries, arts and crafts.
He noted that KindCare had integrated pandemic resilience features into its building plan, such as telehealth or remote visits, to be at the forefront of service implementation.
âWe have ultraviolet areas all over the building that zap bacteria and viruses,â De Pecol said.
About 75 jobs, both part-time and full-time, are expected to be created with the creation of the facility. The Panel’s discussion noted that market averages for luxury assisted living facilities can be around $ 6,000 per month or more. Installing Bristol KindCare is expected to cost residents around $ 4,300 per month. KindCare intends to cut costs in part by matching residents with a roommate. Each suite will share a common area, a kitchenette, a bathroom and two bedrooms.
The average age of the intended residents is approximately 85 years. Representatives for KindCare said that with loneliness and depression being common among people living in assisted living residences, a roommate helps provide companionship to residents.
KindCare COO Seth Dudley said residences and families are assessed and presented to find the best roommate match.
De Pecol called the Bristol installation project a âcenterpieceâ and an example of what assisted living facilities could look like in the region in the future. It is expected to be approximately 60,000 square feet and contain 60 housing units.
On the first floor of the building is a lobby, a common area, a courtyard exit, a main dining room and a private dining room, a craft space, a multimedia room and a bistro for those who do not. are not interested in the meal of the day. The second floor will feature residences and the third floor will house a self-contained memory care unit with its own dining room, activity space, and yard. The fourth and fifth floors will also accommodate residences.
The facility is for a private salary, but accepts Veterans Aid and Assistance Program.
The KindCare facility should be built in a corporate area and as such offers a tax savings program.
Commissioner Howard Schmelder has put forward a motion to approve a tax abatement which will then be sent to City Council for approval in the following form. For the first year of construction, there would be a 100% allowance for improvements during construction, with the value of the land still taxable. The second year would see the same conditions. The first year of operation would see a reduction in the property tax of 97.2%. The second year of operation would be the same. The third year would see a 60 percent property tax abatement. The fourth year of operation would see a reduction of 50% of the property tax. The fifth year of operation would see the same. The sixth and seventh years of operation would see 40% property tax reductions and the eighth year would see a 30% reduction.
City officials noted that the property had been vacant for almost 20 years and that the taxes collected were only for the value of the land. The challenges of the pandemic have also made it more difficult for companies to seek development finance.
According to the meeting agenda documents on the Bristol Town Hall website, estimates indicate that the developer would save around $ 1.4 million over a 10-year period with a building fully developed and occupied with an estimated value of approximately $ 7,700,000. Bristol’s current thousandth rate is 38.35.