CEPCO Financial Statements
CHILLIWACK ECONOMIC PARTNERS CORPORATION
Notes to Financial Statements (continued)
Year ended December 31, 2013
4. Property under development or held for sale:
2013
2012
Canada Education Park:
Land
$ 1,353,755 $ 1,475,759
Roads, water, and sewer
1,709,289 2,548,769
Buildings
506,124
525,278
Other improvements
195,748
323,660
3,764,916 4,873,466
Downtown Redevelopment:
Land
2,497,173 2,567,485
Less provision for impairment
(203,900)
(203,900)
2,293,273 2,363,585
$ 6,058,189 $ 7,237,051
Included in property under development is $324,421 (2012 - $379,525) in capitalized interest.
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