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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 form 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

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

or

lll Purchase of Kilmer House $150,000.
Option B $156.272.
$306,272

or

\V Purchase of Kilmer House $150,000.
Option B fess $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
i be applied tor.

B.C
wi |