o Newsstand Price 25¢ November [2 1980 UPROAR IN HAMILTON-FELL AREA urynad Furious homeowners in “North” ‘Vancouver's Hamilton-Fell area Monday - harassment by unscrupulous: ‘ealtors group further duping them out of a fair return on the sale of their property by sitting on™ intérim sale sigreements while-prices continue to soar. The agreements, they say, legally bind them to ac- cepting sale pnces stipulated at the time of signing, even though the properties may be worth vastly more by the time the drawn-out sales eventually go through. About 100 residents of the area gathered Monday to express their concern and to get legal advice on their property mghts But for some tt was already too late About 18 of the more than 100) property owners being courted by one real estate company say they have signed interim agreements to sell their propertics. These agreements are legally binding but contain no clauses to cover inflation and no clauses to allow the homeowner to opt out of the agreement tf the developer is refused council approval to go ahead with development plans BINDING The information mecting held Monday at Westview school, was. haired by North Vancouver Captlano MILA Angus Ree “Whal youre giving when you sign these interim agreements 1s an option youre giving someone the nght to buy your house at a certain date and quite often he (the realtor) can back off Tel. 985-2131 Classified 986-6222 From the ones (agreements) I saw, there are certain ; terms that allow him out, but ' there are no terms that allow you out,” said Ree. He emphasized that the interim agreements are binding on the home owner. “I’m not for or against the development,” Ree added. One Tobruk § Street resident, who asked not to be identified, signed an interim agreement on June 21, with the former agent of a real estate company The offer of ($95,000 expires in March. 1981. and he says there ts no provision for rising market prices A recent North Shore News article reported th&t) some house prices in North Vancouver, have risen over Yo per cent this year The resident said the agent who = signed the agreement now works for a development corporation that 1s also trying to buy up propertics to develop CONTINUED ON PAGE All et your North Shore candidates: Page Al3 THE VOICE OF NORTH AND WEST VANCOUVER VERTICAL ASCENDING BUG. was achieved after a diver had hooked lines from two Payless towing trucks to the car after it had become submerged in 15-feet of water in the dock behind Fioneer Grain Terminal. The driver, a longshoreman, had failed to negotiate a bend while leaving work Sunday afternoon and managed to escape from the car when it hit the water. The badly damaged car was retrieved the following day. (Ian Smith photo) WEST VAN TRUSTEE’S WARNING: ‘Horrendous’ jump in chool taxes seen By AMANDA KING West Vancouver property-owners were warned of a_ possible “horrendous increase” mext year in school taxes when West Van School Board, after an hour's” deliberation, passed its 1981 provisional budget Monday night. Finance Committee Chairman Mark Sager stressed that the $927 malhon budget ts provisional that is until the final budget as passed February 15 the tems arc all up for debate and amendment The budget at this tame totals $17,283,930 which os an !1 per cent increase over last year Main concerns of trustees centred around big socx penditures such as) moncy for school maintenance Instruction and new teachers “There ts no moncy tn the instruction budget fan oun provements such as smaller classes ofr an adjustment of the student teacher rate | Schools Supenntendent bd Carlin said In other words in struction spending has not changed caducally over last year The maintenance same goes. for trustec [ihan Phtersch added desc nbing that account as slim compared to other districts This year’ s budget will CONTINUED ON PAGE A10 WEDNESDAY: Mosaly cloudy. Cool. THURSDAY: Lice change fh.