Ve HAVTHORNS LODGES Port Coqiitlam's new Personal Care Home "Hawthorne Lodge" 4s owned br the Port Cocuitlam Senior Citizens Housing Society, a non-profit organization. The Society advertised for proposals

for construction ani} operation of the Lodge.

Beacon Hills Management Ltd., a Jinnipeg based firm with operations in British Columbia got the . contract.

No private money was needed to get the building in’ operation. The city gave the land for j1 to the Society and rezoned the land a "Development Area", Central Mortgage and Housing Corporation mortgaged the building and the land. No taxes are’ Being” paid this vear ani the understanding

cod

4s that none will be next. Since the Society

-hold the mortgage, narvments oresumably are the

responsibility of the non-nrofit group. 'g under- stand these are substantial. .

The profit that arises out of the development of Hawthorne Lodge is first of course to Inper ial Construction, an arm of Beacon Hills Management, who built the building. In addition, a further profit accrues to Beaeon Hills Management who is to be said a mansgement fee of $200/resident/year, Por a sae hunmtred int sixtresix bed eapackty tnis

amounts $9 $23,290/verr. Just what service