Part I - Updated Estimate Of
Part I - Updated Estimate of Fair Market Value of the S.S. Keewatin in September 2018 05 October 2018 Part I INDEX PART I S.S. KEEWATIN – ESTIMATE OF FAIR MARKET VALUE SEPTEMBER 2018 SCHEDULE A – UPDATED MUSEUM SHIPS SCHEDULE B – UPDATED COMPASS MARITIME SERVICES DESKTOP VALUATION CERTIFICATE SCHEDULE C – UPDATED VALUATION REPORT ON MACHINERY, EQUIPMENT AND RELATED ASSETS SCHEDULE D – LETTER FROM BELLEHOLME MANAGEMENT INC. PART II S.S. KEEWATIN – ESTIMATE OF FAIR MARKET VALUE NOVEMBER 2017 SCHEDULE 1 – SHIPS LAUNCHED IN 1907 SCHEDULE 2 – MUSEUM SHIPS APPENDIX 1 – JUSTIFICATION FOR OUTSTANDING SIGNIFICANCE & NATIONAL IMPORTANCE OF S.S. KEEWATIN 1907 APPENDIX 2 – THE NORTH AMERICAN MARINE, INC. REPORT OF INSPECTION APPENDIX 3 – COMPASS MARITIME SERVICES INDEPENDENT VALUATION REPORT APPENDIX 4 – CULTURAL PERSONAL PROPERTY VALUATION REPORT APPENDIX 5 – BELLEHOME MANAGEMENT INC. 5 October 2018 The RJ and Diane Peterson Keewatin Foundation 311 Talbot Street PO Box 189 Port McNicoll, ON L0K 1R0 Ladies & Gentlemen We are pleased to enclose an Updated Valuation Report, setting out, at September 2018, our Estimate of Fair Market Value of the Museum Ship S.S. Keewatin, which its owner, Skyline (Port McNicoll) Development Inc., intends to donate to the RJ and Diane Peterson Keewatin Foundation (the “Foundation”). It is prepared to accompany an application by the Foundation for the Canadian Cultural Property Export Review Board. This Updated Valuation Report, for the reasons set out in it, estimates the Fair Market Value of a proposed donation of the S.S. Keewatin to the Foundation at FORTY-EIGHT MILLION FOUR HUNDRED AND SEVENTY-FIVE THOUSAND DOLLARS ($48,475,000) and the effective date is the date of this Report.
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