A12 - The Terrace Standard, Wednesday, May 3, 2000 More housing sales needed A SENIORS supportive housing project has set a dead- line of May 15 to sell more units or raise a lot of money so construction can begin. The Terrace Supportive Housing Society had been expecting a lump sum payment from a provincial crown corporation to help give it enough equity to qualify for a bank loan for the rest of the cost. But although B.C. Housing has committed enough money to cover the mortgage and operating expenses for eight of the planned 22 units, it’ll be paid out instead in monthly instalments over the next 25 years. Those eight units will be rented out to qualifying low- er-income -seniors,. One.unit is for.a caretaker. while the remaining 13 units are for sale on a life lease basis that guarantees the society will buy them back upon the resi- dent’s death at the original purchase price. The lack of a lump sum from B.C. Housing has dra- matically altered the financing requirements. Northern Savings Credit Union now won’t advance the $1.2 million for construction, said society official Betty Barton, until it has the remaining 13 units pre-sold or else has nine units pre-sold and $300,000 in the bank. So now the society is scrambling to sell more units. It’s also appealing to local citizens and service clubs for short-term loans to raise equity and get the project started. Baston said May 15 is the deadline for selling all the remaining units or gathering enough money to meel the financing requirements. “1 don’t think any of us knew how many pieces there were in this process,” Barton said. “Now that we’ve accomplished 99 per cent of it, I hope it will mark a clearer path for other groups hoping to build seniors’ housing,” she said. “Our project will fill an immediate need, but more will definitely be required.” City compost project begins CITY WORKERS picked up yard waste for composting for the first time Monday even though free biodegradable bags that were supposed to be here had not yet arrived. Crews picked up compostible material left out in re- pular bags and took them to the compost site at the dump. City special projects director Stew Christensen said the clear starch bags that were held up by customs offi- cials at the border should be here by this week. The delay happened because the 14 boxes had a de- clared value of just,$1.40, Once agents started looking at the bags within, he said, they apparently started ta won- der whether there were drugs in any of the 9,000 bags. “They were wondering what’s inside these boxes and will they have to open up every box and every bag,” he said. The bags will be given out free at city hall, the public works yard, Canadian Tire, Co-op and Zellers, he said. The first shipment of bags won’t last long — Christen- sen expects the city will need 80,000 for the year. 9 Thinking of hiring a new employee? LESHUNCED i [AMANCE PRaO¥Erivity Aspect Training Works provides employers with up to $3, 000.00 in training credits to hire a Training Works participant. To find how your new employee & existing employees can benefit from this program, call Michelle @ 638-8108. Northwest Training Ltd. 201-4622 Greig Avenue ~ Financing available GA Your Decor “The Store For Your Floor” WE. 8202 Munroe St., Terrace WE. ® 635-2976 Toll Free: 1-800-665-1657 TERRACE PONY CLUB ‘ ANNUAL TACK AND 2 TREASURES SALE Saturday May 6, 2000 9a.m.-1p.m. COPPERSIDE EQUESTRIAN CENTRE ¢Donations Welcome Drop Items at Copperside Equestrian Ceintre For More Info: 635-9230 | Hearing Aids with dual-microphone processing — to truly reduce the interference of BACKGROUND NOISE Ask us about our two-month trial period. = May Day MIKAEL JENSEN helps erect a tent to provide a bit of cover as members of unions belonging to the Kitimat-Terrace and District Labour Council held May Day activities despite blust- ‘ery conditions at Little Park April 29. May Day is traditionally May 1, a workers’ holiday in Eur- ope and in other places. TERRACE HEARING CLENIC The Hearing Professionals It’s the only compost pickup program operating any- where in the province outside of Vancouver, A few other cities are experimenting with drop-off only composting. The starch bags are supposed to biodegrade after 45 days. People are supposed to only put yard and garden waste like leaves and grass clippings in the bags, not kitchen scraps that some people compost. Christensen said the city crews are also being lenient this week on their plan to begin rigidly enforcing the two-bag limit for garbage pickup. That's because stickers to be sold for $1 each by the city for pickup of extra bags over the limit aren’t yet in either. “We've had. quite a few people call concerned about garbage pickup,” he said. 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