Finance Committee page 3

The Chamber has put forward the proposed project to the Federal Dep-
artment of Manpower and Immigration for funding, under the Stmmerworks
Program to hire 6 students to man the facility during the summer months.
We have recently been advised that this program is to be a matching
funds program, that is, the employer must match the federal government
“grant under the program dollar for dollar. The Chamber has requested a
grant of $18,757.00 under this Summerworks Program and therefore will
require. $9,378.50 to match the federal government's grant if such is
obtained. As all costs of the proposed fee for services agreement have
been projected to be divided between the three municipalities of
Coquitlam, Port Coquitlam, and Port Moody, in the same ratio as those
communities currently share in the revenues obtained from the business
sector in the tri-community area, your municipality's portion of the
funds required to match the grant requested of the federal government
and the cost of preparing the site will be $2,450.00.

As. previously mentioned the establishment of a tourist facility on
Highway No. 1 was the centrepiece of the Chamber's proposal to the
municipalities of Coquitlam, Port Coquitlam, and Port Moody but it
is by no means all or even a major part of the services offered by
the Chamber to these three municipalities. The Chamber now feels
that the time restrictions prevailing during our formal presentation
to your municipal council did not permit us to sufficiently advise
your council of the nature of all the services offered under the
proposed fee for services agreement. The Chamber would like the
opportunity to address your coungil and your committee further with
regard to the services being offered by the Chamber and accordingly,
we are requesting that your committee withhold any final decision upon
eur request to your municipality pending further addresses from the

Chamber.

The Chamber realizes that your committee cannot hold up its budget
deliberations until the Chamber has completed presenting its complete
proposal to your municipality and so we are requesting that your
committee provisionally set aside in your draft budget the original
sum requested of your council by this Chamber, namely $14,310.00

and that you defer your final determination until the conclusion of
our address to your committee and your council with respect to our

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