TERRACE.STANDARD The Terrace Standard, Wednesday, June 24, 1998 - Al | | Business REVIEW Tax pay plan proves to be popular item LOCAL HOMEOWNERS and even businesses are signing up in large numbers for a cily plan that lets them pay their property taxes in advance, City treasurer Keith Normaa says 130 local tax- payers have so far taken the option to pay taxes ahead of time in 10 installments. **There’s nothing we've ever done here that's given us this much positive feed- back before,’? Norman said of the response, For many the advantage is the convenience of not hav- ing to face a property tax bill in June because it’s al- ready paid in full. But what’s caught the at- tention of business owners is the interest rate the city is paying — 4.5 per cent. That’s way more than the half a per cent or less being offered by most local banks for savings accounts. The city is able to offer the rate because it belongs to the Municipal Finance Authorily, an organization that invests hundreds of mil- lions of doflars on behalf of B.C, municipalities. Norman said the interest rate changes every three months and has been as high as 7 per cent and as low as 2.75 per cent, What's in it for the city? Norman says it’s good for the city’s cash flow to have a Stream of money coming in throughout the year in- stead of one giant amount in July when property tax pay- ments come in. Some years, he noted, the city runs out of operating cash late in the year and is forced to borrow money at higher rates. THE TAX MAN just got more popular, City reasurer Keith Norman has had applications pouring in in recent Weeks to take advantage of the city's plan to pay property taxes In advance and receive a sur- prisingly high interest rate. vance pzyment plan will save the cily money. And the rest of the (ime, he says, the city’s offering a service to taxpayers. “There’s no lining up. They never have to come here. It comes out of the bank automatically. They don’t have to write cheques and we pay them interest,’’ Noman said. “It’s a win- win,” Enough people have signed up so far, he added, that the city is expecting $30,000, a month_Ao arrive He said homeowners who are making property tax and utility payments to the bank as a condition of their mort- gage can likely transfer to the city’s plan if they want. Taxpayers on the pre- authorized tax and utility payment plan have 10 pay- ments automatically deducted from their bank account from August until May. The final payment in May is adjusted to account for any. difference in. what's." “| because thay associate them with drugs, The contusion is compounded "two types of substancas-foods and drugs. Thare is na separate cate- i) 4 Vary permanent side effect.) : ties rather than resolve them. = them is inadequate, we dia or suffer impaired functioning. a 2, Nutrlants work by supporting biochemical and enzymatic processes. “J excesses. e itta the diet will tend to correct the problem, Nutrients Are Not Drugs | Some people have a reluctance to taking food supplements by our present Food & Drug Act and Regulations, which recognize only gory for food supplements, for which Canadians spend an estimated $250 million per year. Some Characteristics of Drugs: 1, Drugs are entirely foreign to the body. They do not become part of aur fissues, nor de they contribute nutrients. 2. Drugs are powerful chemical agents which alter badily functions by interfering with biochemical reactions and enzymatic processes, 4. Drugs produce side affects, many of which can be permanent, 4. Drugs are potentially lethal, Misuse and overdoses can kill, (Death is 5. Drugs dea! with symptoms, net causes. They tend to mask difficul- Some Characteristics of Nutrients: 1, Nutrients are both natural and essential to the body. If our intake of 3, Nutdents do not usually produce side effects. Because the body has built-in enzyme systems to handle nutrients, it can readily deal with 4, Nutrients are safe. There has never been a single documented fatali- ty caused by taking vitamin, mineral, or amino acid supplements. 5, Nutrients deal with causes, if used to supplement deficiencies. If a given condition is caused by the lack of a specific nutrient, then adding To summearize-drugs block and nutrients support! Why does the Canadian goverment insist on regulating nutrients as drugs? Ara they protecting special interest graups, or are thay simply ignorant of the facts? Taking drugs makes us dependent on thasa who tManufacture, supply, and prescribe them. Taking nutrients is something CORREIA | STOPPERS 635-TIPS SANGSTERSS Will now be offering Aromatherapy for relaxation, rejuvenation & healing -Naturally, . Introducing Barbra Whiting, Certified Aromatherapist. By Appointment 635-5070 4614 - #101 Greig Avenue, Terrace MAKE HEALTH A HABIT! SANGSTERSS Sar health @ centres = ~_A we can do entirely an our own, Is that fact threatening {a cerlain vested |. A. The Terrace SPOK program would like to thank the following schools classes and groups for helping us to reach 2072 children in Terrace and Kitimat this year Alexander Elementary, Cassie Hall (Gr. 3,4), Centennial Christian School, Clarence Michiel (Gr. 5), Copper Mountain Elementary, ET Kenney (Gr. K, 2, 3,), Kalum Daycare, Kermode Friendship Centre, Kitik’shan Primary, Nechako Elementary, Parkside Elementary, Roy Wilcox Elementary, Sparks Groups, Thornhill Elementary School, Thornhill Primary School. Have a saie and fun summer! See you again in the fall. Sponsored by The Ministry for Children and Families In those situations, the ad- under the plan, | Radio guys do a deal IN WHAT'S being called a menger of com- plementary companies, Okanagan Skeena Group is hooking up with a broadcasting company that’s strong in Alberta. It’s doing so by spending $3 million in cash and $6.56 million in shares to acquire Normet Broadcasting, a privately-held com- pany with three radio stations in B.C. and 12 in Alberta. Those shares will give Nomet owners, the McKinnon family of Vancouver, 24 per cent of the equity of Okanagan Skeena and seven per cent of the votes on its board of directors, Hugh McKinnon, president of Nornet and son of Nornet founder Neil McKinnon, will become president of Okanagan Skeena Ford man retires AFTER 25 YEARS at Terrace Totem Ford, Dick Shinde, one of the four people who founded the dealership, is retiring. His retirement comes at the same time as the business notes its 25th birthday. Shinde joined with Bill DeJong, Jake DeJong and Chenn Bergen in 1973 to form the dealership, two years aller the last Ford dealership, Bob Parker Lid,, closed, ‘Bergen left in 1975 and Bill DeJong retired in 1989, leaving Jake DeJong and Shinde as the original founding partners. Brian Kennedy became a partner in 1975, Shinde's last official day is June 30. He and Gail, who is retiring from her teaching position here, will spend their time between Stevesion and Shuswap Lake. Shinde is selling his shares lo Mitch Shinde, Kevin Kennedy and Shane DeJong. - SAT. JUNE 27° MON. JUNE 29. TUES. JUNE 30, owing at the year end. ANNOUNCING once the Canadian Radio-television and Telecommunications Commission (CRTC) has approved the deal. He’s replacing Bryan Edwards (McInnes), long time president and chief operating officer who left the company the day the Nornet deal was announced. Also leaving that day was Rod Cox, Okanagan Skeena’s vice president of finance. Acting Okanagan Skeena president Michaet Kaye said the merged entity will have ihe largest number of radio station licences — 31 — in the country, have two TV stations and 12 cable systems. It’s predicted that annual revenues will be more than $40 million a year. Kaye said the merger follows the plan by Okanagan Skeena to expand and diversify. “They were on our list of people to talk to, but they called us first, They initiated the deal,’’ be said. Kaye said buying a company with sla- tions in boom-time Alberta will help Okanagan Skeena weather downtums in other areas, such as the northwest. “This way we can stabilize things for our sharcholders and employees,’” he said. ‘We need to get bigger to get recognition in the marketplace.” There’s no telling when the CRTC will consider the merger and make a decision. ‘Tt could take as long as four or five mouths,’’ said Kaye, He described the departures of Edwards and Cox as amiable, saying they realized it was time to move on. 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