This is the first thing that

must be understood. The actual :

taxable value of an Orenda mill is
not $365 million, but something
between $52.5 and $105 million.

And the lower number is by far -

the more realistic.
Forgetting all the complexities
of the world of taxes, and making

numerous assumptions then, the |

real bottom line for the regional
district taxpayer, if everything
remains as it is, might be an
annual saving of around.:10%.
Hardly. worth going to war ‘over. -
It should be stressed, -how-
ever, that the numbers in’ the

‘ preceding paragraph are no more’

real than Minnie Mouse or Ninja
turtles.
regional district general operating
revenues, Ignored are trivialities
like the-fact the regional ‘district,
as things exist, won't be able to
levy a tax on Orenda for area
facilities like the Terrace library,
arena or swimming pool.

To.tax for these amenities, the |

They are based on-

_ Sense. _
Try, for example, the logic

regional district would need a
bylaw amendment that extended

the taxation boundary on these

items further south.
One of the more interesting
proposals, and perhaps the one

with the best. arguments, might -

be the boundary extension propo-

sal put forward by the City of

Terrace: This proposal, if
approved by the Ministry of
Municipal Affairs would create a
strip of city-owned land a few
metres wide and about 25 kilom-
etres wide (called Hwy. 168), with
a huge cul-de-sac on the’ end.

- (called Orenda).

This might sound a little silly.
But try sitting in city hall and

look outward. You just might

decide it makes a great deal of

found in an Aug. 21 memo from
Terrace tourism and economic
development officer
Monteith to mayor Jack Talstra.

Monteith begins by pointing out

66% and 36%.

Peter’.

that Terrace has. no more indus-
trial land, and stating the obvi-
ous: "Terrace needs an industrial
base in order to. keep offering.

_ services to its citizens."

‘With that said, Monteith
offers a few telling numbers.

Prince Rupert has a net tax base

of $753 million, Kitimat $507 .

- million and poor Terrace only a
- paltry $332 million. The balance
- of this tax base, though, is not

what it should be... from a Ter-

_ race point of view:

Of the net.taxable base in
Prince Rupert, 37% is owned by
industrial concerns and 45% by
private home owners. "Fairly well
distributed," . according to
Monteith. In Kitimat, the split is
"A very large in-
dustrial tax base in relation to.
residential,” says Monteith.

And then there's Terrace.
According to Monteith, home
owners have title to 68% of the
assessed land while industrial.
concerns lay claim to only 7%.

. ; ory CY OF
TERRA CE |

and amendments tHereto.

“THESUBJECT AREA:

CITY OF TERRACE |
PUBLIC NOTICE

ZONING AMENDMENT

| TAKE NOTICE that an application has been made to.
amend the City ofgferrace Zoning By-Law No. 401 -1966, -

IDAY

THERETO.

this Application may do so, In writing, and/or in person
AT THE REGULAR COUNCIL MEETING, TO BE HELD IN
THE MUNICIPAL COUNCIL CHAMBERS, AT 7:30 P.M.

THIS NOTICE Is GIVEN IN ACCORDANCE WITH THE
MUNICIPAL ACT, FA.S:B.C., 1979, AND AMENDMENTS

TAKE NOTICE and be governed coring. = :

1

1- The application affects the area, within the City of Terrace

described as: Central Commercial Zone and shown i in

heavy outline on the accompanying map.

: -(a) To amend Section 15 of the City of Terrace Zoning
. By-Law 401 to permit more than one principal dwelling
on a lot in the Central Commercial Zone.

~ (b) To-add to Section 4 of the City of Terrace Zoning .

By-Law 401 a definition of Principal Building.

‘|. THE PROPOSED AMENDMENT BY-LAW MAY BE
INSPECT ED between the hours of 8:30 a.m. to 4:30 p.m.,
Monday to Friday, excluding Saturdays, Sundays, Good
Friday April 17th, and Easter Monday April 20th, from
March 24, 1992 to April 27, 1992, inclusive, in the reception
area at the City of Terrace Public Works Building at 5003
Graham Avenue, Terrace, B. C.

Any person(s) wishing to volce their opinions regarding

E.R. Hallsor,
Clerk-Administrator

APPR ER

M SERVICE STATION te)

Terrace Review — April 16, 1992,