Basic HTML Version
CHILLIWACK ECONOMIC PARTNERS CORPORATION
Notes to Financial Statements (continued)
Year ended December 31, 2012
4. Property under development or held for sale:
2012
2011
Canada Education Park:
Land
$ 1,579,469 $ 1,579,469
Roads, water, and sewer
2,548,769 2,581,392
Buildings
525,278
525,628
Other improvements
323,660
321,885
4,977,176 5,008,374
Downtown Redevelopment:
Land
2,567,485 2,443,891
Less provision for impairment
(203,900)
-
2,363,585 2,443,891
$ 7,340,761 $ 7,452,265
Included in property under development is $379,525 (2011 - $349,002) in capitalized interest.
cepco financial statements
68
city of chilliwack
| 2012 annual municipal report