a A2 - The Terrace Standard, Wednesday, November 29, 2006 _ Mill sales deal said to be underway _ but it hinges ona number of factors ~ AN OFFICIAL with the company that bought a sig- nificant portion of the Ter- race Lumber Company’s former sawmill operation ” says it has a tentative deal to sell what it, purchased to an “American company, which then wants to open another _mill-at the same location. Gus Nehring, of Terrace- ‘based Bold Salvage, ‘esti- ‘mates his company has about 75 per cent of what’s needed to run a sawmill there. . Speaking over the week- _end, Nehring said the un- named group wants to have its financing in place: by this week. =. “They were quite nervous when they approached me,” said Nehring. “They thought -T would want as much as I ~ could get.” u “But that’s not. my inten-- From front ‘Eider, financial Russell’s worried that unscrupulous business people and tion at all. I would sell whatI — bought for what I would get. for it as scrap and not one penny more. [ live in this - town. My kids go to school» in this town. I want to see the mill run,” he said. Nehring did caution that the new. group has yet to. make a proposal to’him on paper. Nehring “said he spent more than $200,000 at the Oct. . 25-26. mill auction, ending up with a list that ‘includes the main sawmill building, the conveyor belts inside that building and the wiring within the. planer “building and drying sheds. * Nehring said some of the: * other people who bought smaller lots at auction have re-sold to the new group. But.others have tried to’ get as much as they can from j relatives of.compensation recipients will try to get their ~ hands on all or some of the money. “There are fraudsters out there waiting,” she said. ‘Those receiving compensation have been victims once’ ‘and should not become targets for a new kind of abuse, Rus- sell added. Legal knowledge, such as how to obtain protection or- ders, restraining orders, peace bonds and the like will also be needed to ensure elders don’t become financial abuse vic- tims, Russell added. ‘ Two of the workshops are in the northwest, one in Moric- The 2006 Passat. Good things come to those who hurry. See your dealer today to learn more about this German-engineered vehicle with a powerful 200hp turbocharged engine, : To find out if you are eligible, oe contact BC Housing, at -604- 433-2218 in the Lower: ~Mainland or 1 800-257-7756 . elsewhere in B.C. "Offering B.C. families more 2.9% APR finance on all 2006 Passat Sedans John Ryan the group, he added.’ “Those . people — really _ wanted to take advantage of the situation,” said Nehring. Any deal to buy sawmill assets in: hopes of opening and operating there hinges on the group’s ability to buy . the land. Terrace Lumber Compa- ny (TLC) owner John Ryan. declined late last week to go into details on what or what isn’t on offer.. The 73-acre piece of land is held by a subsidiary of the company. “There are people who have expressed an interest,” said Ryan. “But there’s no. deal yet. And I don’t want to ' speculate.” ‘Ryan would also not comment when asked if any land negotiations underway - ‘involved all or some of the property. : The Terrace Lumber Company is under creditor protection and has, been giv- ena second 30- -day period in - which to. re-organize its fi- nances and make a proposal to those owed money. abuse feared etown today and the other in Prince Rupert on Friday. Russell said more workshops could be held depending* upon the results of the four. In the meantime, Terrace mayor Jack Talstra said the. city has instructed its law- yers to do what they. need to do to recoup a loan it made to the TLC. The loan is secured ~ against the land held by the company’s subsidiary. Also owed to the city is interest on the loan, property taxes and interest on those ” taxes, said Talstra. - Large, unclaimed See page A14 sum of mone found in car. NOVEMBER 2006 NOVEMBER 2006 Winter is here and with itcomes winter driving conditions... Motorists should be aware that despite maintenance efforts, they. are still going to encounter hazardous conditions on the highways. Drifting ‘snow, bleak ice, compact snow ‘and slush con occur at anytime. Motorists must drive with more caution throughout the winter months and expect to D Max Min Total Min Total. A Temp Temp Precip Temp Precip Yc ¢ mm ~C mm. 17 =18 -0.1 48 2.2 .10.0. 18°08 -0.3 33.0 7.3. 4.2 19 3.7 -0.1 43.0 7.8 1.8 20. 1.3 -1.4. 5.1 5.7. 1.0 21-06. -26 0.2 5.7 0.0 22 -10 -5.7 2.4 6.2 0.0 23 -5.4 -8.8 T 2.9 0.3° WINTER MAINTENANCE ‘Construction, Terrace - For more information about the Prince Rupert session, call Theresa Wesley at 250-622-2891. _ The Law Courts Education Society of B.C. recéives mon- ey from provincial government ministries and from the Law Foundation of B.C. Some of the costs of these pilot projects are being covered by the Peoples Law School. In the north, the education society holds regular. work- shops on legal issues in schools and with, non- profit Broups: ce and societies. IARIRIRAAL FILAIIS RR RIL. encounter a full range of winter driving conditions. The “best defense against winter mishops is to slow down! 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