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Wednesday, December 1, 2010
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Evelyn Living sales suspended Jane Seyd jseyd@nsnews.com
SALES on the troubled Evelyn Living project in West Vancouver have been suspended after financial backers filed to push the developers into receivership last week.
Robes of office
NEWS photo Cindy Goodman
KRIS Bulcroft, Capilano University’s sixth president and second vice-chancellor, is invested with her new robes of office during a Monday night ceremony at the university’s fall convocation. Among dignitaries in attendance were District of North Vancouver Mayor Richard Walton and MLAs Joan McIntyre, Ralph Sultan and Jane Thornthwaite.
“For the time being, sales are suspended,” said Lesli Boldt, a spokeswoman representing Rennie Marketing, the company that has been conducting presales for the luxury development project. Boldt said the real estate company has got in contact with the 31 buyers who have put down deposits and informed them about the court action. She said the deposits have been kept in a trust account and “are safe.” Last week, financial backers of the project including Peoples Trust Company, bcIMC Construction Fund Corporation See WV page 3
DNV 2011 utility rates to jump 14% Benjamin Alldritt
balldritt@nsnews.com
HOMEOWNERS in the District of North Vancouver will see their utility rates jump by $141 to $1,177 in 2011, the largest single increase in the municipality’s history. At a council workshop Monday, staff told councillors that the 14 per cent increase is driven mostly by Metro Vancouver costs outside of the district’s control. Of the $141 in new levies, $28 goes towards sewers, $19 towards solid waste — largely due to Metro’s recently increased
District to accelerate its water main replacement program
tipping fees, and the rest, $94, goes to the water system. “Residents in the Lower Mainland pay less for their water than in other places in Canada,” said David Stuart, the district’s chief administrative officer. “But we are going to continue — I want to be really clear about this — we’re going to continue to see a trending upward with respect to these utilities.” Increased spending on the water system will help pay for Metro Vancouver’s notoriously over-budget Seymour-Capilano
Filtration Plant, an accelerated replacement program for the district’s aging asbestos-cement water mains, and claw back some of the reserve money the district spent in previous years to “smooth” a sharp increase in utility rates. Stuart said North Vancouver may also have to perform some upgrades on its water mains, as being in close proximity to the Seymour-Capilano facility means the pipes have to deal with higher pressures than before. An increase in water pressure is believed to be a factor in at least one costly pipe rupture in 2010. Staff estimate there is still as much as $12 million worth of “high-risk” pipe in the ground that needs to be replaced. See DNV page 4