Delbert L. and Margaret J. Baker - Page 4

                                        - 4 -                                         
          incorporated herein by this reference.  Petitioners, Mr. Baker              
          and Mrs. Baker, resided in Riverside, California, at the time               
          they filed their petition.                                                  
          I.   Background                                                             
               On December 22, 1989, petitioners and Air Force Village                
          West, Inc. (AFVW) executed a residence agreement entitling                  
          petitioners to a lifetime residence at Air Force Village West               
          (Village West).  AFVW is a nonprofit organization that was                  
          incorporated in the State of California on September 21, 1984.              
          AFVW was organized to establish, maintain, endow, and operate               
          continuing care retirement communities (CCRCs) for officers (and            
          their spouses and qualified dependents) of the U.S. uniformed               
          services who are more than 60 years old and have been retired or            
          honorably separated from active duty.  Village West is one of the           
          CCRCs owned and operated by AFVW.  Village West is a gated,                 
          guarded, perimeter-fenced, resortlike retirement community                  
          located on 153 acres of land in Riverside, California.                      
               A.   Construction of Village West                                      
               The construction of Village West occurred in three phases.             
          The first phase involved the construction of the following living           
          units and health care facilities:  (1) Independent Living Unit              
          (ILU) apartments, duplexes, and cottages; (2) an Assisted Living            
          Unit (ALU) facility with 20 rooms; (3) a Skilled Nursing Facility           
          (SNF) with 59 beds; (4) a Commons building with a suite of rooms            






Page:  Previous  1  2  3  4  5  6  7  8  9  10  11  12  13  14  15  16  17  18  19  20  Next

Last modified: May 25, 2011