ADDITIONAL AFORU4TION Building A Nursing home This bulldmg has 20 beds and its operaticus will be funded by the provincial government' s Nfrnistry of and Social Sen-ices (the Nfrnxstry). The funding formula is S 130.'daybed, and any surplus froin operatiocs must be returned to the NIMIishy_ To determine the sutplus the Nlimst:y will allow direct costs plus a reasonable allccation of The Nlmistry, which provides some finding, has recluested tl audit of the annual financial statements as part of the ftndmg requirement. Building B Retirement home units for sale TIEre ue I O unfrmished units and the residents will have a "life-lease" on the land, which nkans that the residents will hale the right to use the ponton of the land on which the building is located but they will not own It, and the right will expire at either the death of the resident or sooner if mutually agreed to. addition to the purchase price, the residents will also pay $530 per month to cove the occupancy costs, and this amount could adjusted to meet actual costs If necessary. There are t'.vo of "sales" and ther are five u_lits of each Type I: TIE units are frold" for fair market value. At the end of the lease (i.e. death or resident noves out) , CCS must pay back the Hill pnce paid Type n: The u_lits ar "sold" for 120% of market value. At the end of the lease (i e, death or rest dent moves out), CCS must pay back the fair market value at the date the resi&nt purchased the unit + 50% of any increase in value. For both types, CCS has the right to select the next occupant , and the price to be charged the unit is to based market value and must be supported by an Independent opimon_ The market value fir all the initial sales was detemined to be $100,000. The board is confident that the value of these units will increase. These units are designed to to those who want a "premium" unit and can afford to pay for it Building C Retirement home rental units Tlrre 15 unfrmished units _ The rent will be approximately $400 per nonth unit and includes all utilities, cable, etc. To be eligible for these units, the applicants must prole that the combined annual inconae available to them is not more than $20,000. CCS will receive an am_lual grratmg grant of $200 ,OOO from the N'fimstry. Building D Recreation facility When it is convleted, Building D will hold the administration offces and a recration hcility to be used for social activities. The residents of all bulldmgs can use the conmlon area and recreation Each of the four buildings has a staff manber et1A)Ioyed as the "Program Director". Each program director has MI annual salary of $60,000 _ The total a&ninistrative costs incuned 2019 Me expected to limited to SI 15,000.