safe: PILES OF DIRT covered by plastic to keep The Terrace Standard, Wednesday, October 2, 1996 - A11 Business REVIEW Out & About out the water await analysis to determine how seriously it's contaminated. Supervising the cleanup is Brian Maki, B.C. operations manager for Kamloops-based Petroleum Enviro Services. CN cleanup underway CREWS WORKING for CN Rail last week dismantled the last of the tanks that once stored chemical-laced oil on the old Mac- Gillis and Gibbs pole yard. Now the oaly evidence that it’s a con- taminated site are large tarps covering tainted soil that’s been excavated from the site. Petroleum Enviro Services manager Brian Maki, who was supervising the cleanup last week, says they’ve so far unearthed 550 cubic metres of material, The soil will be tested ta determine whether it can be treated on site, or whether it has to be hauled away, The excavation is going to be backfilled with clean material. CN’s Mary Jane Skulski said the tanks and piping were sent to Allen Steel in Prince George for recycling, Skulski said they expect to have this stage of the cleanup complete by November, but added monitoring of the site will go on in- definitely. The cost of the cleanup has so far fallen only on CN Rail, allhough the environment ministry directed several businesses to prepare remediation plans for any soil or ground water contamination on their own land, About half of the Keith Ave. businesses affected have complied with the directive, and ministry officials said they’re not yet sure what ta do about the ones that have not complied, Although the soil contaminated by the wood preservative ail is mainly localized to the old pale yard — the CN property — the penlachlorophenol in the oil has migrated into the ground water and is moving in a plume under Keith Ave. and underneath the south side as far away as Haugland Ave. Builders on record pace CONSTRUCTION is back an a record pace, By the end of August the city bad issued $21.5: mil- . lion’ worth of building permits — almost $2 mil- lion’ more than the same point last year. Construction appears to have surged in August, with $2.7 million “worth of permits issued — double ‘August, 1995's figure. It now appears cerlain the construction season will more than $24 million ance the fall building push is fin- ished and winter settles in. So far 59 , single-family homes have been started in Terrace, as well as eight duplexes, a fourplex, three six-plexes and a two-storey apartment building. Stats indicate there are 31 Tesidential additions un- derway and 14 ga- rages/carports. The single-family house construction numbers are ~ at $8.6 million worth — but multi-family residential . is way up ($4.25 million so _, far), New commercial: “con- struction is at $1.9 million — trailing last year’s $5.3 million to the end of Au- gust, but the difference is at- tributable to the Park Ave. Medical Centre construction a year ago. Commercial additions and renovations are up sig- nificantly to about $3.7 mil- shalier 1995's record of about on par with last year lion so far. _ Systematic Withdrawal — When people retire, they are frequently advised ta pul their money into o term deposit or a guaranteed investment certificate ond live off the interest. At first glonce, this may seem to be a wise decision because the income from the interest initially oppeors to be sufficient to meel their needs, Qver the years, however, the income received decreases in real value because of the effects of inflation and the toxes paid on interest income. One alternative that con counteract the effects of faxes ond outstrip inflolion is a Systematic Withdrawal Plan, Aveiloble through many mutual fund companies, Systematic Withdrawal Plans are extremely flexible and con provide on opportunity for your. invested capital to grow while you withdraw on income ot the same lime, For example, suppose you hed invested $100,000 on September 1, 1981 in Trimork Fund, af its ineeplion, and decided to wilhdrawal o regular income of $825 a month beginning October 2, 1981. By December 31, 1982, you would have withdrawn $12,375 and your account would have grown to $122,872, assuming your reinvested all distributions, And over twelve yecrs later, an Morch 31, 1994, you would have withdrawn $1 23,750 and still have $426,655 leftin your account. On the olher hand, suppose you had chasen to invest your $100,000 in a security earning 70 percent interest ond hed withdrawn $825 0 month, Your invest- ment would still be worth $100,000 alter 15 withdraw. als, but your $12,375 in payments from the plan would have been taxed at your highest marginal role, And today, your plan would be about $93,000, Systematic Withdrawal Plans in the right mutual funds, therefore,” have two significant advantages ovor traditional interest-bearing invastments over’ the long term, os well as {avorable fox treatment, lolol return of the fund, the money needed to meet your ~ for providing investors with a solid income while ollowing ather investments: 0 rate of return that usually exceeds” You get better tox treatment from Revenue Conada because your income consists of more than just interes! - which is fully toxable. With a Systematic Withdrawal Plan, il consists of interest, dividends, capital goins and return of your initial investment. to open c Systematic Withdrawal Plan you need only deposit $5,000. Then yau choose how much yau should withdraw from your account on a monthly, bimonthly quorierly, semi-annual or annual basis, This amount will he transferred to your bank, trust company or credit union account, or fo cny person you chouse lo designate us recipient. , If your withdrawals from your account exceed the requested payment will be deducted from your original copital investment. Bul since Systematic Withdrawal Plans ore flexible, you are not lacked in to a fixed pay- ment sthedule. You can increase or decrease your pay: ments lo suit your specific needs os they change. As on investor, you should be aware that the plan’s value will increase ar decrease, depending on the value of the investmant in the Fund. Many well managed funds hove earned on average annual return of 15 percent over the long term, Some have earned even greater returns during periods of sirong economic growth. It is this consistency and ability to outperform that have led thousonds of Conadions to pul thelr money into mutual funds, Mutual funds have proven time and again that they ore the perfect vehicle their orginal Investment to grow. ~~ Tolle to the Mutual Fund Deoler below about setting up a Systematic Withdrawal Plan, tt could be your pass: porl fog more secure lulu. ma ay “Bus: (604) 635-7800. iPFSL —_y ‘Investments Canada Ltd. PETEARCAD) = ist Branch Manager lec). Ar independent representative of Primerica Financlal Services °°: my ~ Mutual Funds offered through PFSL Invasiments Canada Lid., Mutual Fund Investment Dealer ---k Member of travel Res (604) 638-8505. River Industries digs in CONSTRUCTION is expected to get underway as soon as possible to build a new home for River In- dustries at the northwest comer of Keith Ave. and Kalum St, City council issued a development permit for the 9,000 square foot building last week, and company of- ficials said they hope to get started immediately. The westem third of the property will be reserved for future development, The city is varying the number of parking spaces re- quired down to 23 from 28. A 2,500 square foot covered compound is expected to end the need for a railway car used for storage on their present Keith Ave. site. . Council agreed to require a sidewalk be built in front of the business even though it won't connect to any other sidewalks just yet, Saunders Hauling sold THE PARENT COMPANY of Western Seaboard Transport — Bruce Doyle and Assoc, — has bought up Saunders Roy Hauling. The deal closed yesterday, and Richard Van Genne, Manager at Western Seaboard, says employees at Saunders Hauling likely won't notice any difference. Saunders Hauling has the hauling contract for West Fraser, and Van Genne says he hopes the change in ownership means they'll be better able to serve West Fraser and all their customers. Doyle and Assoc. owns a few other hauling com- panies in the north, including Bulkley Valley Transport in Kitimat and another company in Prince George. All of Sauaders employees are being kept on, with their current salary and benefits packages. Van Genne says the company is also planning on up- grading Saunders’ equipment and is looking at buying some new trucks. Propane price gap ANYONE who drives a propane-powered vehicle has felt the bite of higher prices lately. And it’s got some querying the disparity between prices here and elsewhere in the province. Drivers are now paying 38.9 cents per litre in Terrace for auto propane — compared to just 26.9 cents per litre in Wilkiams Lake. Tim Leach, Superior Propane’s marketing manager for northern B.C., says many different factors come into play. “It's mostly due to different costs of operating in dif- ferent locations,’* Leach said. - Competition is tougher in some areas than others, he added, and in some places, costs are lower because dis- tribulors may own their own buildings and tanks, Leach said the recent spike in prices has been the result of increased prices charged by refineries. A store gone stale IT’S THE DOUGHNUT store nobody seems to want. A year after building the Robin's Donuts shop on Greig Ave., Robin’s Foods officials say they still haven’t found a franchisee to operate it, Ken Rants, director of franchise sales, says the com- pany will consider operating the outlet as a corporate store in the new year if a franchisee isn’t found by Christmas. Ranta says they’re looking at one potential franchisee now, but says nothing has been signed yet. A franchisce would lease the building from Robin's, and pay four per cent of revenues. If the company elects to operate it themselves, Ranta said, they wauld probably do so for a year to get it mn- ning smoothly and give ita proven track record. Ranta’s surprised about the lack of interest for the Terrace store because the Kilimat outlet that was opened in April did well, It had the best opening in Robin's history and was the top grossing store of the 32 outlets in B.C. for its first’ couple of months. “The public there has just responded tremendously to it,” Ranta said. ‘With that in mind we’re surprised there hasn’t been more interest in the Terrace store.”’ Kitimat store franchisee Michael Cordick says the Terrace store has a good location and good visibility, “Why it hasn’t sold is beyond me,’’ Cordick said, VVUVY WEEKEND GETAWAY R ROOM/PER NIGHT FRIDAY & SATURDAY, STANDARD SINGLE DOUBLE OR TWIN} 1-800-663-8150 Crest Horer * Prince Rupert VUVY as Alito Nagle Tire CORRECTION We wish te draw your altention to the following in our current 1996-1997 Fall & Winter Sales Flyer. Page 2 BF Goodrich All Terrain T/A copy is incorrect and should read: The Ultimate on Light Truck Tire Off-Road Perfarmance High Vold tread pattern has deep gouging power for significantly beter off-road traction. Law noise dua toa unique tread pitch, interlocking road elements provide even wear. Open shoulder grooves speed water away and resist hydropianing. The strength of two steel belts means improved handling and long tread life. No two ply sidewall here - unique three ply Tri-Card construction means greater structural and puncture resistance. Does not feature Manufacturers Aoad Hazard Warranty. Page 3 BF Goodrich Trac Edge does not feature Manufacturers Road Hazard Warranty, Page 7 Toya Observe G-03 features only Manufacturers Road Hazard Warranty. Page 8 Auto Magic Parts Toll Free should read 1-888-722-3297, brakes copy should read “parts extra." P 4711D KEITH AVE. “Village Clock : Collection Unique ond imaginative, each finely detailed Country and vil- lage clock has been paintakenly hand made and painted by expert cralisman, These plus: Crystal clocks Ornamental ae Winnie the Posh Clocks now available at the Hair Gallery. ... much more than a hair salon. ‘HAIR GALLERY) po | BUSINESS ° BUSINESS Directory of Services www. kermode.net * email + internet access + web pages * training Terrace’s only locally owned full service internet provider. RGS Internet Services 4722 Lakelse Ave, Ph.: 638-3444 Fax: 635-9727 email: sales@kermode.net ———