Discussions have now taken place with B.C. Heritage Trust, who
advises that an application for funding assistance would be our
next step. The application would take the torm of a letter
outlining a formal development program including costs and
proposed uses.

Project Costs:

Purchase of Kilmer House $150,000.
immediate repairs 34,500.
$184,500.

or

Purchase of Kilmer House $150,000.
Option A $133,172.
$283,172.

or

Purchase of Kilmer House . $150,000.
Option B $156,272.
$306,272

or

Purchase of Kilmer House $150,000.
Option B tess $40,000. $116,272.
from sale of lot - ' $266,272.

Project Financing:

Costs of financing the project could be recovered from:-~

Rental recovery of $900/month from

the existing daycare

plus other rentals/year approx. — $ 10,800.
Sale of City owned land:

Fund to come from.Tax Sale
Reserve Fund. ; $285,000.

Heritage Trust = Grant
1 be applied for. .

rae
Boeri