$76,000 more to go!

The estimated cost of the stabilization project is $475,000.00.

The Friends of the Ruins have in hand $398,819.68, thus we are $76,181 short of the projected cost.

However we plan to do as much work as our budget dictates while still seeking financial contributions including from the Ontario Government under the Superbuild Program.

FINANCES FOR THE ST.RAPHAELS RUINS PROJECT

• Investments Bank of Montreal: $ 35,000.00
• Investment in Bank ofMontreal: $190,000.00
• Moneris MC / VISA: $ 16,685.61
• AIM Trimark Investments: $ 21,007.53
• In Bank March 18, 2005: $ 21,692.60

ANTICIPATED INCOME 2005

• Remainder of Heritage Foundation Grant: $22,770.00
• Twnship South Glengarry: $ 5,000.00
• SD&G CFDC Grant: $ 6,900.00
• Ontario Superbuild Maximum Amount: $91,080.00 We will continue to have an outstanding loan of $93,197.25

  The Ontario Superbuild is a Ont. Sports/ Culture/Tourism Partnership Initiative. It should be noted that the SCTP amount represents 20% of the total eligible project cost up to a maximum of $91,080.00

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