64 pages Office, Editoria! 985-2131 Display Advertising 980-0511 ey a : WV choreographer p&- Jennifer Mascall Classifieds 986-6222 Distribution 986-1337 ren . cen NEWS photo Mike Wakelletd NORTH VANCOUVER realtor Meharam Sugrim discovered a fish in the ceiling of a Mountain Highway-area house that he is trying to sell. It turns out a tenant given notice to move out fast week left behind the memento in a bathroom ceiling heating duct. See story page 5. $8.5M shortfall if Hillside replaced by new Caulfeild school, independent analysis finds THE WEST Vancouver District 45 School Board (WVSB) and a consulting firm it hired have both been given failing Mcodic's grades in math over the figures used to recommend that Hitlsid2 middle school be replaced with a new $13 million school in West Vancouver's Caulfeild Plateau area. The WYVSB had hired Moodie Consultants Lid. to conduct a feasibiliry study of tearing down the 34-year-old Hillside facility and building a new school in Caulfeild. Moodie’s subsequent report stated that approximately $14.4 By Surj Ratian News Reporter million could be generated in 1994 if the Hillside site was subdivided into 30 single-family lots and sold for $33 per square foot. But an independent analysis of math by West Van- couver resident John McDiarmid, a puttner with the ceal estate fi- Nanciig company Montrose Fi- nanciai Group, has found that District 45 would face an estimated $8.5 million shortfall if it followe. »foodie’s advice. According to McDiarmid, who has a son currently enrolled at Hiliside, the estimated cost of building the Caulfeild school is $16,750,000 not $13,048,000 as estimated by Moodie. The estimated proceeds from the Hillside lot sales, if 30 lots are sold at $400,000 each, would be $12 million. Once development costs of $3,750,000 are deducted, the WYVSB would be left with a net total of $8,250,000 from the sale of the Hillside site, which McDiarmid said would result in a shortfall of $8.5 million. McDiarmid said his analysis was based on consultation with several appraisers, land developers, engineers, contractors and plan- ning consuliants. One of the firms he used was See Moodie page 3 SIESTA TESTE We a aan CCE OME TRS Uo Sa Dg TUREE SEARCH”