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What is a Continuing Care Retirement Community (CCRC)? |
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A Continuing Care Retirement Community provides independent living residents with the privacy of their own spacious apartment, a community of friends and neighbors, as well as an extensive list of services and amenities so that you can enjoy your retirement. A special benefit of a CCRC is the guarantee of on-site healthcare including Assisted Living, Memory Support and Skilled Nursing. At Timber Springs, a unique healthcare package is included that offers residents peace-of-mind for their future.
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Will Timber Springs be a not-for-profit corporation? |
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Yes, Timber Springs is a not-for-profit corporation with a volunteer Board of Directors who are responsible for ensuring the success of the community and its mission. As a not-for-profit community, Timber Springs will be able to access tax-exempt financing, which ultimately lowers the cost of the community to its members. Finally, as a not-for-profit corporation, Timber Springs is operated exclusively for the benefit and use of the members who are going to live there (no profits or distributions).
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What are the reasons for being a not-for-profit corporation? |
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Numerous reasons exist but we believe the following are the main benefits of living in a not-for-profit entity.
- Continuous ownership by the same organization
- Revenue reinvested into the community
- Direction by a dedicated local board of directors
- Peace of mind through stringent financial guidelines
- Strict government regulations
- Reduced operating costs, resulting in lower, stabilized monthly fees
- Favorable tax credits and exemptions
- No investor dividends
- Assurance that you’ll never be asked to leave due to inability to pay
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Who is developing this community? |
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Timber Springs selected a leading-edge developer, WindRiver Companies from Dallas, Texas, to develop Timber Springs. WindRiver has decades of collective experience in the senior-living industry - including financing, developing, marketing and managing communities. WindRiver believes that the quality of one’s life does not have to decline with age. In fact, it can improve. Not only can it improve - but for those who seek it, it can actually become a life of fulfillment, meaning and purpose.
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Who owns the property? |
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Timber Springs will be the owner of all buildings and land once construction starts.
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Who are the future residents of Timber Springs? |
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Our residents are vibrant, active seniors who are world travelers, avid readers, community volunteers, artists, professors, bridge players and members of your local clubs, organizations and churches.
Our future residents are among a generation that is looking to get more out of their retirement; they want to stop spending so much time sitting around waiting for the plumber to show up or cleaning house, and get out to enjoy their favorite hobbies and activities. Those who have already joined the Timber Springs family are enjoying the peace-of-mind in knowing that they have taken care of "what-ifs" in their life so that they can continue to make every day an enriching and fulfilling experience.
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Is there an age requirement? |
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You are eligible to become a member if you are age 62 or above by the time of your move to Timber Springs, although a spouse or second occupant may be younger.
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The concept interests me - but I’m not sure I’m ready yet. When should I consider Timber Springs? |
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Often, people who say they are “not ready yet,” still think of communities like Timber Springs as the stereotypical, “old school” retirement community. The truth is that, Timber Springs is a very different concept — providing not only the unique security and assurances of life long healthcare — but also the maintenance-free lifestyle that enables you to do what you want to do . . . not what you have to do. You will find that members of CCRC’s fit a whole variety of profiles; but as a rule, they are forward-thinking, positive adults who intentionally choose this path because it best suits the quality of life they are seeking. For some that means continuing to work; for others, it means volunteering in the community, traveling, or pursuing a lifelong passion. CCRC members share a commitment to staying healthy and fit . . . seeking out intellectual stimulation . . . and living life on their own terms. The Learning Lasts a Lifetime enables that lifestyle.
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What fees will members have to pay? |
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Communities like Timber Springs — which provide lifetime residences and healthcare — require an entrance fee and ongoing monthly fee for services and amenities. The entrance fee ensures that we will be able to provide our members with top-quality services and amenities. A portion of the entrance fee includes a pre-funded component for healthcare services — very much like a long-term care insurance policy.
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What if I outlive my assets? |
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As a not-for-profit community, Timber Springs is committed - through fundraising and other means - to the corporate value that members will never have to leave the community if their financial position becomes insufficient through no fault of their own.
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Once I have paid my Entrance Fee, does Timber Springs keep a percentage each year that I live there? |
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Your Entrance Fee is refunded based on the Entrance Fee Refundability program chosen at the time of your contract.
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Is the cost to live at Timber Springs really about the same as my current costs? |
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Many people find it actually costs less, and you get so much more – an amenity-rich, full-service lifestyle and neighbors who share your interests. Take our Cost Comparison and see how rewarding Timber Springs is to your lifestyle.
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Are pets allowed? |
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Pets are welcome. You will be required to sign a Pet Policy, pay a Pet Deposit and abide by the guidelines.
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While living at Timber Springs if I have any health issues what are my options? |
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We believe that quality of care leads to quality of life, and our trained staff of compassionate and qualified professionals along with innovative wellness programs blend together a comfortable and stimulating environment If a Member ever needs continuum care, our professional staff is here to help manage and restore our Member’s health after surgery and during an illness, or to assist them with a chronic health condition. The Springs HealthCare Center will have a wide range of healthcare options from assisted living, rehabilitative and restorative therapy services to skilled nursing and memory support. The Springs gives you peace of mind, we will be here - professionally and compassionately - for you or your loved one, twenty-four hours a day, seven days a week.
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What is the benefit of signing up early? |
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There are several advantages of getting in on the “ground floor.” Pre-construction prices for Timber Springs will be the lowest they will ever be - so the financial savings are significant to sign up early. Second, you will get first choice of floor plans and preferred locations. In addition, as a charter member, you will have an important voice in shaping the community that will become your future home. To take advantage of these benefits, see “I’m interested! What is the next step?” below.
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I’m interested! What is the next step? |
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Timber Springs is now taking Priority Reservations. If you are interested in joining our exciting new Life Long Learning focused Retirement Community, please go to the Charter Membership section, or call our marketing office toll-free 1.800.940.0411 to request an information packet.
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