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BOA Minutes <br />July 6, 2017 <br />Pg #5 <br />--? <br />( the opportunities here to really take care of the population. For example, looking at the <br />P populations for people over 65 there're various numbers in here that correlate to each one of <br />those bands that go out further and further in those 10 minute increments. Goin,g out to 20 <br />minutes, not 30 minutes, we found that there was a very ample reason to say that the market <br />here needs to be served. It's an economic result not only for the community but certainly for the <br />ownership and you foa the community with respect to how we take care of ourselves in terms of <br />the general population and the cost of that. For the longer term as population suffer these debilit4tions it's going to grow very significantly. <br />All the more reasons are out there for folks that happen to see how you might consider this <br />phenomenon that's going on as the baby boomers age out, and as longevity continues to <br />increase, a very significant factor in this whole process. This smaller area here, how they <br />establish themselves in a community with cost being prudent, to chazging for their serrrices and <br />staffing. When you have quality organizations, obviously it's going to cost more. That has a <br />tendency to generate higher revenues for the community, but you'll have to decide. When I go through these numbers in considering how these numbers all work out, in a 20 <br />- minute drive time you have about 6800 people who have incidences of Alzheimer's in this area. <br />You have 3460 or so population here. That population, you have more than 2000 people in the <br />age 65 and up, that's a very large number of people within a 20 minute drive time to this <br />location who need services like this. What's the ratio suppty against that demand? Not <br />. everybody is going to go into one of these facilities. They will stay home for as long as they <br />can. Not only is there no cure for this at the present time but it is a daunting miserable task and <br />you need professional people to talce care of this. <br />With respect to tax revenue, the Village can get a wonderful benefit out of this. You'll have $1 <br />million payroll, probably a project that's $8 million to $10 million on site work that'll be done, <br />and about $300,000 in real estate taxes that will flow into the community at large, county, the <br />schools, library system, the zoos and everybody else that's gets to dip in there. About 65% will <br />go to the school system. <br />Mr. Ritley concludes, the population with incidences of Alzheimer's extending out over a 30 <br />minute drive time from this location, having beds specifically for people who have Alzheimer's <br />or dementia is about 3%, not an exact number, but it's so marginal, so small compared to the <br />populations need that I could stand here comfortably and tell you that this is a hands down easy <br />decision from that aspect alone. With respect to the 0- 20 minute drive time in terms of drive <br />times for family to go back and forth, you're at 7%. So, either 97% or 93% of that population <br />out there that still has a need. We could all stay home, but we can't do it. When your spouse <br />dies, what happens? With dementia, it's a grand problem. That person, as they lose their <br />perceprion of place in life, they set adrift. <br />Chairman Prcela asked, I believe what you're saying is you feel strongly there's a solid market <br />for this?. Mr. Ritley replied, I do. <br />