Aé- The Terrace Standard, Wednesday, May 15, 2002 TERRAGE STANDARD ~ Business REvIEw City chops spending over SCI property tax shortfall THE CITY is slashing its planned spending by $457,000 this year because Skeena Cellulose won't pay all of its outstanding property tax bill this year. ' The cut eliminates about a third of the $1.5 million worth of capital projects the city had ori- ginally planned, including money set aside to repave some local streets. : Skeena Cellulose owes the city $576,000 for the unpaid part of of last year’s taxes on the local sawmill. Under the restructuring of the company approved by creditors and the courts, the repayment’ of the $576,000 will be stretched out over nine years, with most of it repaid in the eighth and ninth years. A further $288,000 — in penalties and interest that won't be ‘paid out = will ° have to be made up else- where, Most of that will come out. of the city’s surplus, which will be drawn down to around $400,000, said chief administrative officer Ron Poole. Capital projects elimi- nated include $154,000 in local improvement subsi- dies for to repave streets where residents also share -in the costs. Also gone is $146,000 to reconstruct the intersection of Emerson and Lazelle. Three blocks are still scheduled for repaving - Out & About on the idea, Kemess Road reaction is mixed in the east THE PROPOSED Stewart-Omineca Resource Road that would link the Kemess mine to Hwy 37 is coming under fire from Mackenzie. Mayor Tom Briggs says his town would lose 20 jobs of workers who load Kemess ore concentrate from trucks onto rail cars at Mackenzie. Other business would also evaporate if ore could be trucked the much shorter route west to Stewart and supplies could be brought in from Terrace, Briggs says his town still hasn’t been consulted Reaction was more muted around Prince George to word northwest towns may borrow up to $40 mil- lion to build the road. Prince George North MLA Pat Bell says he isn’t pushing for or against the read, but expects it will happen. “It makes economic sense,” he said. The Prince George Development Corporation’s Ken Veldman, who, pushed for the route while he, worked in Terrace, told the Prince George Free Press the road will ultimately benefit Prince George and area even if there is some short-term pain. Apsley Si. just north of La- kelse, Greig Ave. from Clinton to Atwood, and Atwood St. fram Greig ta Lakelse, Poole said the city is . also examining options for other savings through early retirement of staff, reduced | hiring of casual and seaso- nal staff and filling vacan- cies, reduced hours to in- terested workers and by cutting travel and training. Skeena Cellulose owes the city another $650,000 in new taxes as of July 1. But councillor David Hull said NWBC Timber and Pulp president Daniel Veniez had refused to commit to pay the new | property taxes when they come due. More U.S. tourists expected THE LOW Canadian dol- lar, moderated gas prices and the fear factor spawned by terrorist at- tacks may all combine to funnel more tourists inta northern B.C. this year. The Northern B.C. Tour- ism Association is so far projecting a good year, particularly for tourists coming from the U.S., said executive director Dan Stefanson The September 11 ter- rorist attacks are a big fac- tor in the possible destina- tions of millions of Ameri- can tourists, he noted. “A lot of people in the U.S. are deciding this isa . - - good year to take a driving avacation,"shé said. id 50! Stefanson said’ B.C, may emerge the winner from heavy promotion of Canada this year by cen- tral and eastern provinces. EPILEPSY James W. 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Offers ovotable on retail/purchocesdleases on participating vehteles from Nay 1, 2602 fora limited time enly. (ease ond fenonce O.8.C, fat qualified custionert only. Mo interest charges wll opply during the first 90 dops after MAIDA cd i , i ip avtr the berm af hs $1 naaca offte ovalable on cil deli Uerpoting vehtcle. After (he frst 60 days, interest starts to oxcrue ond the purchosey will sepoy peincaple and interest monthly over the Uerm at ihe centeact. $1.7 ante effec ovolable on a! GanDUBTE 00 Matdawostiesencept Toute SRDATH raster EA gt aI SSR LT PAP eae aTeeaE yey ancy and intern aman yy cau tne tir a7 ne canteact £17 fac effec cua any. PRoGRA leas bosed en $4 months. #therfease terms avaioble. fatal fease wbligatian: 2002 Pontegé LA (model HD41S52AF40) is $11,902, whith includes $759. security deposit ond down popment of $7,100 dinctudes frembi and POE Of ii, 3007 Protey és (rode! SONISSIAROO} 14 $14,452, which tecludes 4104 cecuuty depen and down poymaent ef $2,200 (includes. Freight andPot of $698). 20,d00km per yeor mitage deste tions apply, ed ditional etm opphes. license, inturanee, tones and other desler charges extea, Dealey anoy seli/Teage forless Offers cannot be Combined. See yout deater for details. Iilustroled models are for reference ony and sclun! medels may nat Be enactlyas shawn. ~ NWBC Timber And Pulp — - is renaming Skeena Cellulose and it’s looking to the residents of the Northwest to help! We are changing the name for a number of reasons. The foremost of which is to put the troubles of the past behind us. The slate must be wiped clean and we must concentrate on the future. Part of that process includes finding a new name for the company, one that reflects the resiliency of the communities of the Northwest, as well as the superior forest products that it sells to the world. Best entry will win a Weekend for 2 in Vancouver. Submissions can be sent by e-mail to nwbe@citytel.net or faxed to any of SCI’s Offices or mailed to: “Name the Company” c/o Skeena Cellulose Inc. PO Box 1000 Prince Rupert, B.C. V8J 3S2 Please be sure to include your name and contact information. o 7 ae Deadline for entries is May 18th, 2002 Eee PEAT ire ae Re ae eR Te PENT AE AE IR ET PTT TE? ELT EE LE TT TN TE oT MN I EET Pe ci SELES EP ATE Se Emre