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| Monday: suany with cloudy

periods High 14°C, low 4°C.

NEWS photo Brad Ledwide’s “

NORTH VANCOUVER RCMP Cpl. J.J. Van Yassell is shown near a dead 35-year-old man
found on Friday about nine kilometres up the road to Mount Seymour. To press time,
police were attempting to rule out homicide. A 12-gauge shotgun was near the body.

Seymour Village jitters

GYOUNG JORDSVAR worries her family may have to
leave a Lytton Street apartment due to a practice that
some say encroaches on North Shore rental stock.

By lan Noble
News Reporter

But the resident of the [i4-unit Seymour Village Garden
Apartments is not taking the threat lying down.

Rumors of her apartment building being converted into fractional
interests, a transaction that bypasses the municipal approval process,
have galvanized her and many of her approximately 500 fellow ten-
ants. -

North Vancouver District social planner Mark Bostwick confirmed
the building’s owners divided the property into 114 fractional interests
earlier this year.

He said owner Shaughnessy Industrial Park Ltd. paid for the trans-
action, so presumably the company did so for a purpose, which could
be selling.

Said Jordsvar: “We ure losing our rental apartments because of this
loophole and the government is too slow to react.”

In an effort to speed government's wheels, residents have written to
Premier Mike Harcourt, Finance Minister Elizabeth Cull and Liberal
MLA Daniel Jarvis and circulated a petition.

Jarvis told the News that sources in the atlorney-general’s office
said legislation requiring municipal approval for such transactions has
been drafied.

The legislation would fall under the Real Estate Act, and will like-

NEWS pholo Cindy Goodman

ROD PARACY, Larry Stinson, Christine Jordsvar, Gyoung
Jordsvar and Caitlin fear possible sale of their homes. ;
ly be introduced in a few weeks, Jarvis said.

However, a local real estate agent said tenants may be jumping the
gun. He stressed no plans to sell the units have been set, but if the units
are sold, residents will receive a guarantee they can remain for two
years. :

See Vacancy page §