on.

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ClALTT ER OPRB

‘Sponsored by the PORT COQUITLAM SENIOR CITIZEN'S HOUSING SOCIETY
‘2111 Hawthorne Avenus, Port Coquitlam, British Columbia / Telephona: (80-4) 941-4051

3. Patient Asanities of the Buildings:
Imperial Constrution, to us, provides more clearly
davinad arsas, i.ea. TV room, occupational room,
lounge, bocuty parlor, and barbar shop, etc. than
ths otners. Conspec and Gower, Young do inelude
somo of those Facilities but not in the sang SCOne.

Cost of Onporations
Generally speaxing, the cost of annual operation in

a Yframo building is greater than in concreta. 5% is
not an unusual figure. On an annual budget of %500,000
this is $25,000. The additional payments on $277,000.
The difference betweon Gowar, Young and Imperial at

7 3/47% over 60 years is approximately $22,009.

It becomes a question of paying it out in operating
costs or mortgage payments.

fanagement Contract:
Three suggasted that they were prepared to enter
inte a managemant contract.

Consysc has an un-namad group but gave no figures.
Imperial, through its allied company, Baacon Hill
Lodgcs, quote a fee for overall supervision of
$31,200 per year. The level of cara provides for a
Start of forty-one. Horwood would manaze for an
ainual fee on 150 beds for $24,000 per year. Their
Starf reguiremens is listed at eleven. This figure
seens very low. Particularly, it lists one coox and
ons part-tina helper to fead 150 people for seven
days a woe.

6. Overali Cont of Plan, including Oveninzs:
Imperial is offering us a trua turnxsy. Beacon Hill
Lodges tazas ovor the nanagemant. wa hava to have
the land and 2 grant equal to the annual taxes rron
the Gity for a period or two years.

In each of the other casos wo must coms up with sone-~
thing in the order of $200,000 plus tna land to put
tno schema across.

ustlons
it is our conslus why proposal wa can liva with
i Tesoerial- as, 3. Gioy have the oxperisnes

Sdirilas onan, and ona under

‘action in Vass '

COM HILL LOCGES OF CANADA LTD.

SUEY fepaes Gade tre guseminaa af BE AC