8 - Wednesday, April 29, 1987 - North Shore News HORSESHOE BAY FORESHORE LEASE ay Boats’ raises ratepayers’ HORSESHOE BAY ratepayers are not happy with the terms under which a West Vancouver company has been given a municipal lease on the foreshore Bay Boats Rentals operation. The ratepayers say the March 17, 1986 agreement between Sewell’s Limited and the District of West Vancouver is void. Ratepayers spokesperson T.H. Reid, speaking before West Van Council Monday night, said, ‘‘The terms of the lease granted Sewell were not made available or pres- ented to the public for open com- petition, as a result, interested par- ties were not given equal oppor- tunities to tender under the same terms.”’ Sewell’s took over the operation after the former operator — Lloyd Mark Commercial Holdings — went into receivership. In a report to West Van Coun- cil, the municipal manager defend- ed the arrangement whereby Sewell’s acquired the foreshore lease. The report notes that the receivership sale was advertised in Vancouver newspapers and that of 16 bids reccived for the bankrupt company, the highest came from Sewell's. “The terms of the lease granted Sewell’s are entirely different from the lease that was held by Lloyd Mark,"’ said Reid. Company owner Dan Sewell was not present at Monday’s council meeting, however, in a letter to council, he defended the Horse- shoe Bay operation. Firm Support % Sra 36-40 8, 36-42 C, D. #3951. Mfg. List Price List Price $21. Contributing Wr “The marina revitalization pro- ject in Horseshoe Bay has come under some criticism. This is primarily from misinformation,” noted Sewell. “The marina improvements will add over 2,000 fect of transient and permanent moorage...the fee charged at this facility for transient moorage...will be consistent or less than the federal dock fees.’’ However, Reid charged that Sewell stands to profit from the lease. ‘A 25-year Jease would give a return to Mr. Sewell of $5,600,000 — based on the figures that he gave out when he made his application,”’ he said. “The very best return | could give to the municipality was $221,000 in a 20-year period.” Ald. Mark Sager questioned Reid on this point, noting that, “That is, of course, gross revenue.” Reid responded by saying that if he were in business like Sewell, ‘I would be laughing all the’ way to the bank."’ The manager’s report to council said it will wait for a further opi- nion on the matter from = the t BEDS for Kidsiit Will fit standard size children’s single box g¢ mattress ARBORITE FINISH (easy to clean) 929-205762 gor CHROME EDGES re \ {ro sharp edges) Boh TOY BOX COAST INTERIORS #2-119 Charlies St., North Van (beside Seymour River) Natur-Elle* Underwire Bra Bra features convenient front closure and adjust- able straps. White or beige. 34-36 A.C, 32-36 B. #2908. Mfg. List Price $16 Underwire Support 94-38 B, C, D. #2962. 19°° ea. Light Support Bra 32- 34-36 #2914. Mig. List Price $11. NORTH VAI Capitano Mail 905 Marre oun «0 th sy Hed OUV WAN ESTE Natur-Elle* Light Support 32-36 A, 34-36 B,C. #3001. Mig. List 75 Price 13.50 ea. #2935. BURNABY Lougheed Malt and Austen Aa Barcany a2T 192" HOUHS Mon Tues T30am 69m [E vind Tris Bon 4 Dam GOD Sat Fam Spm Sunday thm Som Lacy Trim Style 34-36 A, C, 32-36 B. Mig. List Price 15.50 Deep Plunge Underwire 34-368,C,D. #2976. Mig. List Price 16.50 75 ea. SURREY Guildtord Mall 1OaIn Aewnue acd 152ne municipal lawyer. the current lease with Sewell’s is an & extension to the previous lease or whether it must be considered a new lease. The lawyer must decide whether Personal Injury Ardagh Hunter Turner . Barristers & Solicitors #300-1401 Lonsdale Ave., North Vancouver 986-4366 Free Initia! Consultation e! reestanding’3. perso ent mith full coverage, waterproof, aluminized fly. Shock corded, fibregiass pales reg $199 99 $4 5999 i 12 Models on DISPLAY! ‘TRAVEL PACKS Tiree guaranteed deluxe 355 travel/backpack system. . Exceptional value! Hollosoft msulation Double offset quilting Coitonlined O° C temp rating Vuarnet pe, BUgADOOS Haida Phonet ALL HIKING BOOTS & WALKING SHOES By “range Portage GORE-TEX” Jined, one piece jeather