FROM PAGE A1 multiple residential units. He said he was ap- proached in late October by this developer to sign another intemm agreement which he was told would supercede his omginal in- terim agreement. “That's rubbish,” he said. This resident and others complained of the way in which the real estale agents have approached them to sell their homes. A notice was sent from a realtor earher this Stating vear “For ths development to occur the builder requires an option on the land so that he can make an application to City council tor a building permit and the re-zoning to meet the proposal This ts an absolute requirement This Is why an interim contract will read subject to) pur chaser oblaning a building permit — LOCKED IN But, a resident pornted out that this provision was waived in the terms of his agreement This means that if the final development plans are not approved by council, the realtor allegedly can stall buy the property and sell it on the pnvate market Resident Frank McLean also signed an agreement lo sell, in June McLean's two bedroom house carnes a $95,000 pnee tag and for that price. he savs. “we cant afford to buy another house now ~ Steve Storey owns rental property inthe area He said he signed an interim agreement with a four month eption to frnalize the chase offer of $94,000 pur Homeowners organize “I signed because I didn’t see anything wrong at the time,” he said. Storey says the house ts worth more now but he's locked into the $94,000 purchase offer. One North Vancouver resident who also asked not to be named because he has ehgaged a law firm to battle the sale of his wife's property in the area, invited home- owners in the same predica- ment to joi ranks and initiate legal action to prevent any sales from going (through. At least ten other homeowners who have signed interim agreements, joined the committee. “They'll have a hell of a tume getting out of it (the agreementst, | Storey cautioned Resident Joy Smith received rousing applause after saying she just wanted a fair deal with protective clauses for the homeowner “T don’t wish to be con- stantly harassed (by real estate agents). she said. Arguments erupted over whether one of the main real estate agents in the affair. had been invited to attend the meeting DONNY BROOK “T don't think he's) got enough guts to come here and face the people.” resident yelled “This meeting could have ended up in a real don- nybrook if he did.” Ree said. Kernsdale developer Hal Logan who was invited to attend the meeting to ex plain the role of the developer in large projects such as the one proposed for the Hamilton Fell area. attempted to allay residents concerns and one growing “Wed.-Fri. Special Double Burger & Fries 9 s 2 I with cheese PY Ni DY mmc’ > hamedy Resturant DELUXE BURGERS EVERY TUESDAY 5:00 - 10:30 PM 404 LONSDALE 987-4131 ALi DAIRY PRODUCTS MADE WITH HEAL ICt CREAM mistrust. Logan said it's better for a developer to deal with a committee and a_ lawyer representing its interests, in any homeowners are involved. He said approaching more than 100 individual homeowners is too cum- bersomé. Also, he said, “people must have enough money so they can re-locate but the developer must get something.” And that, Logal ex- plained, means the land must be rezoned to allow for multiple residential use in order to make a profit. Much of the area under debate is not yet part of the North Vancouver City community plan and is designated “to be deter- mined by special study 7 Fine for UIC cheater 31 vear-old North Vancouver welder was fined DOG after pleadiig gualts faust week fo six counts of delrauding the lnem- ployment Insurance Commuisston sl ICs Raymond Paul 1x34 HWanter street, appeared Tuesday in North Vancouver Provincial Court betore JB Paradis Halaurcwich Halarcwich of Judpe was charped with making false statements on his CIC report Saying Nhe was not fact he vatrds by working when oan aay cm ploved He was lined SPoOon cach oh the Sax Counts $499 ” 2 i Deveapyerttear © catrces tee ated Syeres crys this, Weed Horichery tat conve: Ege yp rete tale venture where many ° 14 thick operates by trom inside and a outside Strike and are positively position \E 7% by SKIL woe he seen thin Thres treves pe Maeve tong Phas Saw oN Trealy ete nt veal Beton tN, ny Cocant Soe taabateer Hee Mey ty awh bow! ato Ree ssaiferty 4 Server igen “ob HabTA ws Verge nsers ae! 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