FROM PAGE A1

treasurer. The money is
supposed to be. paid in
monthly installments.

B.C. Finance Minister
Hugh Curtis announced a
freezeg last month on
payment of
grants to municipalities, The
grants don't have to be
paid out until next March
but are usually given within a
few weeks.

Between $30 and $50
million in grants are owed to
local governments. Several
municipalities are already
delaying payments to school
boards because of the freeze
although they are legally
required to give the schools
the money. ;

North Vancouver City is
losing about $40,000 in lost
interest a month because of
the delay in the grants, said
Maulding. And he warned
that “if the province con-
tinues to withhold payments
we'll have to consider that

(delaying payment of tax
money collected for the
North Vancouver = school
board).”

City Mayor Jack Loucks
said the delay in payments is
having a drastic effect on the
City’s budget. The City drew
up its budget expecting to
earn interest on the
homeowner grants and is
now deprived of that in-
terest. ;

North Vancouver City is in
a worse position than most
municipalities, said Loucks,
because it didn't begin
applying for the homeowner
grants until just before the

provincial freeze, and so
hasn't received any of the
money at all. North Van

District, on the other hand,

homeowner -

‘indness to all ta:

has already been given about
$4 million.

The City got ‘into that
position by trying to be a
nice guy, said Loucks. The
municipality extended its tax
deadline to July 14 because
of the municipal strike.
Because of this the City
couldn’t apply for
homeowner grants until then
— just before the provincial
freeze on those grants.

“We tried to be fair to
everyone concerned and
we've paid a penalty,” said
Loucks.

But the mayor said he
wouldn't consider
withholding money from the
school board — yet.

“I personally would
recommend against it
(withholding money) this
week. But two weeks from
now we may be forced to do
it.”

The Distnct will run into
problems even before that,
said Palmer.

“In a few days we'll have
lo recommend'some action
to council.” That action
might very well be delaying

NV City to

payment of tax money to the
school board, Palmer said.

However, West Van-
couver Treasurer Len Or-
miston said the effect of the
freeze on homeowner grants

has been “blown out of
proportion.”
West Vancouver has

already received $4 million
of the money owed to the
municipality, and is only
missing $500,000 owed for its
last application.

“IT would never hold up a
school claim because of
budget problems anyway,”
said Ormiston.

North Vancouver School
Board Chairman Verna
Smelovsky is beginning to
get concerned about a
possible drying up of money
from the District and the
City.

The school board would
have to borrow money if the
governments stopped the
monthly payments, she said.

“It could really affect us
quite badly with the interest
rates being what they are,”
she said.

reconsider

Sunday shopping

A Sunday shopping
referendum will still be held
on the North Shore in at
least one municipality.

North Vancouver District
council confirmed last week
that the municipality would
still be holding a referendum
on the subject, despite the
fact that North Van City has
recently decided not to hold
such a vote.

The

confirmation was

made by acting mayor John
Lakes, in response to an
inquiry by Alderman Ernie
Crist.

And North Vancouver

City is scheduled to
reconsider its decision on
the issue at their regular

Monday night meeting.

West Vancouver has no
plans to hold a Sunday
shopping referendum.

N. Shore council agendas

Agenda highhghts for
Monday's meetings of North
Shore councils include the
following items:

NORTH VANCOUVER
CITY
(7:30 pm)

Public Heanng By law to
rezone City owned property.
south side of GOO Block West
Keith Ral

Sunday Shopping
referendum-reconsideranhion

Street lighting improve-
ment — Priority area No. 2

NORTH VANCOUVER
DISTRICT
(8:00 pm)

Provincial
withholding of
and revenue sharing grants

Gallant

government
homeowner

Redevelopments

yomnt

Deep

venture project in
Cove — creek
relocation, community hall
trespass — request for
temporary licence to occupy
municipal lands

Riverside Dr — Pool
S$8’89 traffic parking
problems

WEST VANCOUVER

No meetings scheduled

Back to School Special

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HL OW ELUIN

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Sunday & Monday Special
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DELUXE
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