2 - Friday, January 19, 1990 - North Share News

WV Council demands twin tower lease money

A DEVELOPER'S request for a delay in the payment of for a late payment in the case of possibility of demanding a penalty — process ended.

over $8 million ($2.3 million in cash and the rest in letters of delays caused by public process. for the tardiness of rhe payment, failure to make the payment
~ : . - , , But council did not think there which was made 10 days late. might have prompted council to
credit o be paid oven an years) foward We lease of had been any such delay and Although there has been plenty BIvc Gateway . Pacific a 30-day
€ properly a aylor ay was Genied by avest Van- demanded immediate payment. of public discussion and scrutiny termination notice on the contract. a
couver District Council at a recent in-camera meeting. “We believe as your council, into the whole issue of future twin ao
that we have a legal document, for tower development at 320 Taylor The twin tower project is sched- eo
At the following regular meeting By MAUREEN CURTIS better or for worse, and we intend Way, according to Sager, there uled to provide over $10 million to

of council, Monday night, acting Contributing Writer to see that it is carried out to the was no delay because ‘‘the clock the municipality within the next
Mayor Mark Sager explained that letter,’’ said Sager. didn’t start ticking on the con- two years, in addition to a consid-
the lease agreement with the de- veloper, Gateway Pacific, provided Council is also looking into the tract't until fast) May when that — erable annual tax revenue.

-QUANTITIES) 0.7.

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oned ham =~ ... 66

Reg. 1.16/100g SALE wae /100zg

laundry detergent. 4°

12-22 Ibs.
Over 22 to 27 Ibs.
Reg. 11.77

7 INFANT'S

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Sizes 34-36
AB&C
Reg. 12.00 SALE
17” x 23" 99
Asst. patterns
Reg. 5.00

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‘PRESTONE’

anti- 7
freeze 99)

4L jug
Reg. 13.88 SALE

Limit 1 per customer

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true temper 96 rwe
shovel &

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volto Saturday 9 a.m. - 8m. CAPILANO MALL