Derby Announces Major New Development

"Summerfield" Continuing Care Retirement Community to Be Built on East Derby land

 


PRESS RELEASE

For Immediate Release Sheila O’Malley
Office of Economic and Community Development

June 27, 2008

Mayor Staffieri Announces Major New Development for Derby

 

Mayor Anthony Staffieri announced today that United Methodist Homes plans to build a Continuing Care Retirement Community on a parcel of farmland located on approximately 75 acres in the eastern most portions of Derby and including land in neighboring Woodbridge. The project, to be called "Summerfield" will provide a full range of amenities and services to meet the needs of seniors, whether they are living independently or need 24-hour personal care.

"I am pleased to announce this project to the citizens of Derby and the region. Not only is a Continuing Care Community what I believe to be the highest and best use for this land, but it will preserve the rural and residential character of the neighborhood. Summerfield will be self- sufficient creating little or no impact on Derby City services but producing large economic impact on Derby and the region by creating upwards of 100 permanent new jobs and an additional 200 temporary or part-time jobs and enticing new residents to invest in our businesses and restaurants. It will also create public venues, opportunities for educational enhancement and meeting places for the residents of Derby to take advantage of." said Mayor Staffieri.

Last night, Derby’s Board of Alderman voted unanimously to approve an approximately $112 million project that is slated to open its doors in 2012. The first phase of Summerfield will consist of 30 one- and two-bedroom cottage homes, 185 one- and two-bedroom apartments, and a health center that provides both assisted living and nursing care. All residents will have access to the main community building, which will contain a dining room, a café, a library, an auditorium, a computer center, and a wellness center with exercise equipment and a pool. Entrances to Summerfield will be on Sodom Lane in Derby and Baldwin Road in Woodbridge..

"This is a win-win situation for Derby and the region. It will have positive implications for years to come and it will create opportunities for Derby residents and others that currently don’t exist by providing healthcare, increased employment opportunities for the region and a wide range of residential options for our growing senior population. I am proud to be a part of this project." Said Board of Alderman President, Ken Hughes.

Summerfield will provide lifetime care. Residents will pay an entry fee that will give them lifetime access to their home and a monthly fee to cover the costs of meals, housekeeping, utilities and other services. If a resident needs to move to a setting within the community where more daily care can be provided, the monthly fee will not change. A choice of entry fee options will include a 90% refundable entry fee option.

"We are tremendously excited to create this new community for senior living," said Robert L. Clapp, President/CEO of United Methodist Homes. "We envision a lively connection between Summerfield residents and the educational, cultural and service organizations in this area."

Summerfield will be the first continuing care retirement community in the United States to be designed and operated according to the philosophy of Planetree Continuing Care, which supports the relationships that sustain healthy body, mind and spirit. Planetree Continuing Care was developed by United Methodist Homes in partnership with the international Planetree organization based at Griffin Hospital.

Summerfield is sponsored by United Methodist Homes, a nonsectarian, not-for-profit organization chartered in 1874. In Connecticut, United Methodist Homes operates Wesley Village, a senior living community in Shelton, the Middlewoods assisted living residences in Farmington and Newington, as well as Sharon Health Care Center and Hospice volunteers of Connecticut in Sharon. All facilities operated by United Methodist Homes are open to people of any faith, race, and ethnicity.

The Board of Alderman of the City of Derby has approved a payment in lieu of taxes (a PILOT) program that allows Summerfield, a not-for-profit community, to make annual payments to the City. The negotiated rate will make Summerfield the largest taxpayer in the City - an amount estimated to be approximately of $650,000 per year. Some of the details of the negotiated project and estimated financing include the following:

 

  1. • Upon UMH’s receipt of Bond Anticipation Notes City of Derby will receive $50,000
  2. • When UMH receives Bond Financing the City of Derby will receive a $1.5 million one-time payment
  3. PILOT PAYMENTS (inflation adjusted $’s)
  4. •2012 – estimated 1stYear Occupancy (30%)= $224,946
  5. •2013 –estimated 2ndYear Occupancy (60%)= $453,388
  6. •2014 – estimated 3rdYear Occupancy (100%)= $749,818*

*increases 3% -5% annually

United Methodist Homes has hired New Jersey-based New Life Management and Development, an organization that specializes in establishing and managing continuing care retirement communities, to develop and market Summerfield.

To learn more about Summerfield, please contact Bob Congdon, Vice President for Development and Public Relations for United Methodist Homes, at 203-925-4952.


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