Residence Meilleur construction underway

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Added: Wed, 06/20/2018 - 10:49pm
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Construction is progressing on the Residence Meilleur senior's
residence, expected to be complete by February 2019.

Peter L. Smith

L’ISLE-AUX-ALLUMETTES – The mood at the annual general meeting for Residence Meilleur May 24 at the Harrington Community Center was a lot different this year as the Board of Directors announced that construction on the residence had already begun after seven years of planning. Gatineau's CAMA Industries in in charge of the project and has hired many local contractors.
William Archambault, Board president, introduced the other board members before turning the meeting over to Treasurer Winston Sunstrum, who spoke about the history of the project and explained the project's financing: $1,102,550 from grants, $947,857 from local contributions, and a $1,308,559 mortgage, for a total of $3,358,966.
The local share was broken down further: to date, $67,128 has been received
in donations, $280,000 in grants, and $38,020 through fundraising. The Board expects to receive $65,300 in pledges this year and an additional $57,000 in grants. By 2022, they expect to have accumulated $703,549, which will leave
a balance owing of $244,308 from the original $947,857 required.
Each of the Upper Pontiac municipalities and Rapides-des-Joachims have committed financial support to the project over the next 10 years;
L’Isle-aux-Allumettes - $7,500/year, Chichester, Sheenboro and Waltham - $2,500/year each; and Rapides - $500/year.
Given that the residence will not be able to cover its operating costs and mortgage payments with just rental income when it opens, fundraising will continue until the project is self-sufficient.