A10 - The Terrace Standard, Wednesday, July 20, 1994

Taxes, cost first items

on restructure agenda

THE POSSIBILITY of Thomhill jolning Terrace or forming its own municipality is being ana- lyzed.

The ressurrected Greater Ter- race Restructure Committee held its first meeting in June and work has begun to explore the idea.

“I's mainly a number- crunching exercise to see what people are paying in taxes for what services right now,’’ says Andrew Webber, of the Kitimat- Stikine Regional District.

“Once that’s done then you can start projecting what will happen if you change your incorporation Status.”

The cight-member committee is made up of Dale Berlin, Doug MacLeod, David Lane, Dave McKeown, Terace councillors Ruth Hallock and Gordon Hull, and regional district directors Peggy Julseth and Sandy Sand- hals.

“Ti’s mainly to sce if it’s at all viable,’’ said Webber. “It may be that it’s so darned expensive that the whole project will just stop there.’?

Restructuring means many dif- ferent things to different people,

Lac silent on Royal Oak bid

SPECULATION CONTINUES to swirl about the possible merger of mining giants Royal Oak Mines and Lac Minerals.

Royal Oak has issued a bid good until Ang, 9 for all Lac shares for $2 billion in cash and Royal Oak stock.

Lac has not yet decided whether to recommend shareholders ac- cept the offer which would pay $13.59 per share — more than double the recent price for Lac.

Since Lac is a couple times the size of Royal Oak, there has been speculation Lac might do a “‘pac-

man’? — turn around and make

_ be considered.

. ice Andrew Webber notes Webber.

Many people consider the main

issue to be whether Thornhill in- corporates, amalgamates Terrace or remains unorganized.

The cammittee will hire a con- sultant with grant money from Victoria to look at a range of dif-

ferent options.

Webber said the largest such scenario would be the concept of a “tepional municipality’? ex-

an offer for all shares of Royal Oak.

Lac could fend off the hostile takeover attempt using other methods. It could seek a ‘white knight’? — a friendly company prepared to invest in Lac and make a Royal Oak takeover more difficult.

The two companics are impor- tant players in the northwestern B.C. mining scene.

Lac’s Red Mountain Project —- located northeast of Stewart — is considered the hottest gold prop- erty in B.C. right now.

Lac spent more than $8 million

with

tending all the way from the north end of Terrace down to the pro- posed Orenda paper mill site south of Lakelse Lake,

That area, known as the pro- posed Dubose Industrial Site, might be added to an enlarged

municipality to give the pos-

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British Columbia and Canada Land Surveyors

. Legal and General Surveys @ Subdivisions

@ Mineral Claims

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@ Site Surveys Building Certificates Contact: A.S. Dozzi, B.C.LS,, C.LS., Terrace, 6.C

Phone: 635 7163 Fex: 635 9586

M Rights of Way @ Land Act Surveys

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sibility oF a greater industrial tax |

base in the future. Other possibilities would: in- clude expanding Terrace’s

boundaries to take in areas like | North Terrace and Braun's Is- land. Areas such as Jackpine Fiats and Copper River flals may also

Webber said a consultant likely won’t be named for the project before early August.

The key question to be ans- wered is how far the tax base of a given area would go towards providing necessary government services.

Part of the process, he added, will be assessing what the peiople want ‘

"Even if Thornhil incorpor- tion is financially viable it doesn’t necessarily mean‘that the public wants it,’’ be said.

carrying out exploration work at Red Mountain last year —

making it the single biggest ex- ploration project in B.C.

Royal Oak bought Geddes’ Resources assets, which include the rights to the massive Windy Craggy copper deposit,

The copper won’t be mined, but Royal Oak still expects to unearth promised compensation from Victoria for its decision last year to creale the Tatshenshini-Alsek Wilderness Park.

Royal Oak is also known for the long and bitter strike by workers at its Giant Yellowknife mine.

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Kitimat’s Weekend

to Remember... 2%,

Here’s more information about the biggest weekend of the year: August 5 - 7, when Alcan celebrates its 40th anniversary in Kitimat. We hope you'll join us and help to make it the best weekend ever. | @ Fireworks will end the first day's celebrations in style. Watch for Captain Laser and his helicopter at Riverlodge ball park on Friday, August 5, at 11:15 pm.

- @ Riverlodge’s Anniversary Village willbe bustling all - weekend. The first event there, under acres of canvas, is the Anniversary luncheon at noon on Friday.

- It’s open to everyone.

-@ To meet friends and colleagues, past and present, e you're invited to our wine and cheese reception at the Anniversary Village at 7 pm on Friday.

@ Parking will NOT be available at Riverlodge. Cc Shuttle buses will connect with City Centre all day and evening, Friday through Sunday. They will also leave the Anniversary Village from 9:45 am to 2:45 pm - Saturday to take visitors to the smelter’ s Open House. ee °.

@ Saturday’s huge community concert, with headline entertainment and dancing from 8 pm till 2 am, has room for more than 2,500 people — but you must be at least 19 years old.

@ A limited number of tickets for the concert and dance ° are now on sale at Sight and Sound in Kitimat and - Terrace. If you have pre-registered, tickets will be available for purchase (at $10 each) when you sign in at the Anniversary Village on Friday.

Other events? An ethnic foodfest with local entertainment . all day on Saturday, community breakfasts, a pioneer

reunion picnic on Sunday afternoon; and an exposition _

highlighting the early years. Mark the weekend in your

calendar right now! You'll be glad you did..

Call 639-8400 for information

40th’ : ‘ANNIVERSARY Kitimat-Kemano.

Organizing Committee, Alean’s 40th Anniversary

——"