AB - The Terrace Standard, Wednesday, October 20, 1999

TERRACE STANDARD.

Out &
About

Profits soar

WEST FRASER re-
ported record profits in the
third quarter on the strength
of very high summer lum-
ber prices.

The company’s carnings
hit $56.7 million for the
three-month period — up
more than 400 per cen! from
the $12.5 million in the
same quarter a year apo.

Year to date, West Fras-
er’s profits are at $107.9
million versus a slight loss
to the same point in 1998,

Analysts don’t expect the
record performance to be re-
peated in the fourth quarter,
because lumber prices are
down about 30 per cent
from their peak of US $430
per thousand board feet.

Futures

PRINCE RUPERT and arca
now has its own Communi-
ty Futures organization.

The Community Futures
Development Corporation
of the Pacific Northwest
was unveiled Sept. 29 by
Asia-Pacific secretary of
state Raymond Chan.

It joins 16/37 Communi-
ty Futures in Terrace in pro-
viding entrepreneurial aid
backed by the federal gov-
ermnment’s Weslem Econom-
ic Diversification Fund,

After hours

BUSINESS After Hours
networking group heads to
Eagle Lodge in the Gos-
sen Creek subdivision. It’s
on from 5 to 7 p.m. Oct. 21
at the bed and breakfast.

IN DEFIANCE: “Coldwell Banker owner Steve Cook says he wont move his busi-
ness fram the new location he's set up in. City officials say the realty office has to
move because it doesn’t fit the uses allowed within a heavy industrial zone.

legal realty office in
a battle with city hall

By JEFF NAGEL
COLDWELL BANKER owner Sieve Cook
has been tald his real estate office can’t stay
at its new location on Keith Ave.

The city has given Cook until Nov. 13
to move the agency because it contravenes
the allowed uses within an industrial zone,

Cook said he’li defy the order.

“I?m going to fight them,” he said last
week. “I will lobby the councillors, make it
an election issue — whatever.”

Coldwell Banker moved into space in ‘the

building at 5110 Keith Ave., where Cook:

also leases space from building owner Dave

McKeown for another business — truck

maintenance shop Power Plus,

Cook says the arrangement was conveni-
ent for him to have both his operations i in
the same building.

He said there’s no conflict between his
business and neighbouring businesses,
homes or industry, adding city officials are
enforcing what he considers.draconian re-
strictions merely to protect the downtown,

“The downtown can look after: itself,”
Cook says. ‘This is free enterprise.”

While the city banned all general offices
within light industrial and highway com-
mercial zones in the last couple of years,

city planner David Trawin says the ban on
general offices within ihe heavy industrial
zone Cook has set up in has been in place
for many years. Offices are allowed in hcavy
industrial zones only if it’s an office asso-
ciated with an industrial use — like an office
connected to a log yard.

“We only have so much industrial land

‘in town and we only want it to be used for

so many different types of uses,” he noted.

Trawin also added it’s unfair to Iet offices
set up in industrial areas ~ where develop-
ment rules are much lighter and cheaper to
meet than downtown,

“A puy can offer office space a fot cheap-
er in a heayy industrial’ zone than he can
downtown because the standards for devel-
opment are so much lighter,” he said. “It's
asphalt curbs, no sidewalks. And landscap-
ing and building design-are to a whole dif-
ferent standard compared to what we do
downtown,”

Trawin says he sympathizes with ‘Cook
bot is holding firm.

Coldwell Banker has been given 30 days
to find a new location ina suitable zone and
told it faces fines and revocation of the
business permit if it doesn’t comply,

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A licence for you

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or visit our Web site at www.cfe-ccaf.ge.ca

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