IR N e lots, mently 'selling-at make funds available at $66,000 per acre, in order low interest rates to to keep up with its debt develop industrial park in- payments.. : frastructures in an effort to "It places us in the posi- promote industry @ B.C. more attrac- communities. ," At the time, the joint ven- . ture appeared to offer is &pnani€!h th9 GppOrmity forScM6erg to ify its.industrial who, dong with Tobus, ba nd rdlce its have been actively economic dependence on aegotiating with the ' the forest industry. vincial government Squamish soon found ' ef in the In- itself having to contend rk venture with escalating debt servic- recently was- ing and land cost excess plagued by unstable Land costs in its Industrial Park, and development costs, and in fact was actually 10s- high interest rates on ing some $200 per acre of 1.D:S.A. loans, lack of corn- land sold in phase one. mitment :bn the part of Although land piices were senior goverqments in the reevaluated and subse- sharing ot8potentidlosses, quently increased in 198.6 and poor lhd sales due to to offslet same of the finan- the current depressed cial burden, the fear was economy. .. that the land would out- Schilberg.arndTobus have price the market and been involved in a round of become no longer saleable. negotiations with govem There was also the- ment officials over the mat- assumption that most *of ter for several months, and the lots sold in the fist Tobus made a personal ap- thyears of the Park's peal to Premier Bill Vmder existence were to local Zalm himself when he was businesspeople, thus ex- in town recently e0 address hauseing the local. buyer's the annual meeting of the market. Chamber of Commerce. Added'to that was the Squamish's first financial provincial government's break came in .June, when decision in 1985 to com- Schilberg successfully corn mence capitalization of .the pleted the urchase of the 140 acres oP Crown Land in eon't on page 3 ~;C;.;.;Offf;.;';f';"f;'fX';,*,~.~,*,*,~,~~'r..'.".....*................................*~~...~..e.*..***~.~*~*~ ................................................ ....... .. ,,,'>,. ,l,l.I ,!*'? ,.I .": e.. t4 ,..,..I .....,...... ....... ...... ., .. .. .... ............ .. .. ...... .... .. ...... (1*..... I l.lL 14,,,I,.II ...................... ... ... I. -. ..,., ,. ..... ,I .. I. .. .. , ,I~ ,’ ’ . ,.. ., .. .. ,I I. .. .*...... l., ,,!; ................’? .................. ..... ALL KEYS and LOCKS ...... .. .. ’.. , ,. I !AUGUST SPECIAL! ,8 -, .. QOMINION SECURITY DEADLOCK I ......... .:..: .,.\, <:, 1367 WINNIPEG ROYAL BANK PLAZA An attempt by Squdsh closddwr meeting9 was meetings until she’s’l&- haunt& - Aluimnan Tedl Patterson quashed by the rest of ed to button up her trap,” promoter8. to have fellow Aldem council at the Auga 11 Pattersonsaid,htrduchig While council was C~hd.,~~sdalebd meeting. a motion to have hmsdde meeting with the pro- from future in-camera so bd. mot%rrsh-eza meetings because she had ‘.‘I’m calling for ‘ her “That’s misconduct,”. on July 28, members of the REGIONAL DISTRICT “leaked” information to, (Lansdale) to be barred Pattersbn added, referring Club’s executive, alerted of the public prior to a recent from future4 in-camera to Loniihle’s alleged pass- the propwed takeover of BY=LAWNO. 368,1987 .. ,. ......... ing of confidential info-- the management of the A bplaw of the Squamish=uiiootlt tion to pridcipals of the Club by UGCC Holdings, fh3glOnal Dlstrict to authorize the Squamish Golf Club prior wh lso manage‘ the bomOWlng of Sixteen Thousand Dollan, to council’s in-camera U ity of BX. golf for the purpoge of provldlng a deep well meeting July 28 wi~three course, hovered outside the and pump 8tatlon to pmwlde water to the - out-of-town promaters who council chambers awaiting c~mmunltyof Tantalus Acres. were proposing to de.‘home wsrd.of the clo~~ed- WHEREAS by By-law N0.235~1985adopted November 25th, over the management of door discussion. 1985, the’Regional Board of the Squamish-Lillooet Regional the golf course. e members at the time ... ., ’ District established a specified area fc!r the purpose of pro- . .- also .. Pattersop objected 6 ssed shock and ,in. viding a water system for the community of Tantalus Acres. Lonsdale’s revealing of dignation that a proposal - AND WHEREAS it is deemed desirable and .expedient to what. went on at the Julv of such magnitude in the undertake the provision of a deep well and pump station to OPEN HOUSE 28 meeting in an articfe future of the golf course , provide water to the community of Tantalus Acres. which appeared in the Aug. would be rliscurpsed without AND WHEREAS the assent of the electors of the Tantalus 5 edition of The Times. the Club having the oppor- Acres Water System Specificed area has been obtained. PLACE - 38063 Westway Ave. AND WHEREAS to provide water to the Tantalus Water . *‘It’sbad enough that she tunity to make representa- . System Specified Area, it is necessary to provide a deep well (Lonsdale) and Aldem tion to wmd. and pump station, the estimated cost of which, including ex- TIME - 1:38 - 490 p.m. Harvey blabbed (prior to Council turned down the penses incidental thereto, is the sum of Sixteen Thousand the meeting).’’ proposal by UGCC Dollars ($16,000.00), which is’the amount of debt intended to Patterson’s motion failed Holchgs at that meelhg, . be crgated by this by-law. Sunday Aug. 23 ’ to secure a seconder, with Tobus and Pattermn AND WHEREAS the amount of the authorized debenture however. voting against the motion debt of the Regional District incurred under Section 797 of “Are you ceh that toturndowp’theproposal. the Municipal Act is $1,269,350.00, of which $969,350.00 is Don‘t let the looks deceive, come on out and bring the family ‘Alderman Lonsdlale is the But at the Aug. 11.. existing outstanding debenture debt and $300,000.00 is to ihis beautiful home. Huge kitchen with family room, sun one who revealed the con- meeting, Tobus defended authorized and .unissued debenture debt and none of the porch etc, etc. etc., its a delight. principal or interest of the debenture debt of the Regional fidence?”, Mayor Egon Bir%decision to address the - District is in arrears. # Tobus asked Patterson. matter inamera, saying AND WHEREAS the amount of the authorized debenture Tobus echoed Pattergods matters concerning pmp HOST or HOSTESS 4P8N ac RONNEE debt of the Regional District incurred under Section 798 of - concerns that members of ty transaction are dealt the Municipal Act is $16,776,734.00, of which Refreshmentswill be setvBd‘ the Golf Club . had prior with behind closed doors. $1 6,776,734.00 is existing outstanding debenture debt and know led^ of tine dwhled “You, as council have $NIL is authorized and unissued debenture debt and none‘of ’ niteS. Dealipg with proper- the principal or interest of the debenture debt of the Regional ’ ty is one of them.” District is in arrears. Tobus expdsd concern AND WHEREAS the approval of the Provincial Health Officer has been obtained. tbt the recent incident in- AND WHEREAS the maximum term for which debentures vohing the Golf Club will may be issued to secure the debt Greatedby this by-law is SEMImANNUAL‘SALE have ramifications to’ ten years. future discussions. NOW THEREFORE, The Regional Board of the Squadsh- “It will make people now Lillooef Regional District in open meeting assembled, enacts uneasy that they will be’ as follows: blocked again.’’ 1. The Regional Board is hereby empowered and authorized Fdowhg the scheduled to undertake and carry out or cause to be carried out and agenda at the Aug. 11 provide a deep well and pump station in and for the said meeting, Tobus further specified area generally in accordance with plans approved blasted-The Time8 for h- by the Provincial Health Officer and to do all things p1pig thet c!xmd hd necessary in connectim therewith and without limiting the generarity of the foregoing: cmducted itself improperly a) to borrow upon the credit of the Regional District a sum by meeting with the pm not exceeding Sixteen Thousand Dollars ($16,000.00) moters in-camera. b) to acquire all such real property, easements, rights-of- ‘Although hnsdale was way, licences, rights or authorities as may be requisite or not present at the Aug. 11 desirable for or in connection with providing a deep well and meeting, Harvey, also ,ac- pump station to provide water to the community of Tantalus cused of supplying the Acres. public with information 2. This by-law may be cited as “Tantalus Acres Water about the in-camera System Loan Authorization By-law No. 368. 1987”.READ A meeting, defended ae FIRST TIME this 27th day of July, 1987. his READ A SECOND TIME this 27th day of July, 1987. tiona, saying he merely READ A THIRD TIME this 27th day,of July, 1987. made a few inquiries about RECEIVED THE APPROVAL OF THE INSPECTOR OF the promoters to establish MUNICIPALITIES this day of 1987. their credibility. ASSENTED TO BY THE ELECTORS within the Tantalus Acres “If you’re on the ball, you Water System Specified Area this day of 1987. check them out,’’ Harvey RECONSIDERED, FINALLY PASSED AND ADOPTED this said. day of 1987. “I didn’t agree with R.D. Gumming everything these pple Chairman told us. I did my homework. ” Ivan R. Knowles Secreta ry-Treasurer Harvey also said he wasn’t aware that the i hereby certify the foregoing to be a true and correct copy of ... scheduled in-camera “Tantalus Acres Water System Loan Authorization By-law meeting with the pro- No. 368, 1987” as read a third time July 27th 1987. moters was sostricklycon- . fidentid. Ivan R. Knowles “I had a discussion with Secretary-Treasurer the Clerk (prior to the NOTICE meefing),”Hawey said.