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New owners new start for River Run By HAWAII Herald writer Approval la expected today Tor the sale of the financially troubled River Run housing development off Drue in Georgetown Motukas of Investors Services Limited in Toronto told The Herald yesterday that a subsidiary of his company offered It for he partial completed The offer has been submitted and to the best of my knowledge it has been accepted hi said The deal could still develop snags however until a Supreme Court ruling this morning which would authorize the sale under the Mechanic Lien act If the court approves Ihe sale Mr said Ins company intends to complete ihe project and sell the homes A special project manager has been hired to look the development and ht should be able to start working within 14 days he said II Will be manager job to call tenders Work on the project could be again within days Ml ihe old contracts cancelled and It ill be up to Hie manager whether former contractors will be re or whether work will goto people 1 OH The 115 acre site completed condominium units has since September and two previous offers of had m be turned down as loo low Ein at the price tin first mortgage holders Hank of Montreal i loose over In an affidavit presented last month Hank of Montreal accounts manager Bill I said numerous acts of vandalism hive it Hie perty was ibandomtl for so long and arrival of warm probkms the amount for priuu pal interest and preservation costs is well in of SI unless the bank look tie step of a loss ihe project well become a derelict and will be extremely difficult sell at later dale Mr said thai so far his list of Ihe names previous but 1hv will wait in with these people if iho can find ind set if are inliresled in buying a unit when is liner Hun elided down last fill when 1 J li lirh ne if the partners in I went bankrupt and the company ill in I meet its committments to The Metropolitan Toronto fraud was tailed in investigate Mr I and the project was prevent from inflicting further darnel Management Services em It ilph took over the I sell perty in order meet the minds I ut two attempts to sell it by tender had to be refused as too The fact that the project was designed as an Assisted Home Ownership Project A HOP I tied prospective builders hands The units had to sell for a specific and delays and inflation had eaten into much of the profit a builder would expect to earn on It he told The It would take a very financially I company to be to under the circumstances and was one of the biggest problems in finding a Creditors who sued the company under the Mechanics I ien Act will receive nothing since the salt has prtdueed sufficient funds even to satisfy first mortgage holders Part of the condition for the sale Mr would be that the purchaser would undertake to carry out the original plan for the property Thai would include completion of the units and an addition units which have jet been Metro fraud Squad Scargeant Bill said that many months of ion of books of the 150 or more companies which Mr owned has convinced him that the man may be guilty of fraud However at this point the crown attorney isn content with the evidence and thus the case is still under investigation A Toronto television station is work on a on the police investigation of the case because it has so involved EXCELLENCE AWARD IN CUSTOMER RELATION Home Newspaper of Halton Hills MAY IU79 The big paper with the big read first Reaching mote thin homes in Hilton Kills This Seek Issues discussed This wtek the major candidates in the Brampton Georgetown ding met with Herald staff writers to their stands on the major issues of the current lion campaign Thecand wrestle with the Issues of medicare stimulating the and their opposition parlies compliance Optimist honors The Georgetown Opt mist Club honored both civilians and police for their efforts on behalf of the local force throughout past year Page Moscow bound Centennial Middle School wrestling coach Jim Hall along with 14 other Canadians will be travelling to Moscow to study their approach to the sport Page Builder award Nominations for the Hills Sports Build Award have closed Fourteen Individuals and one group have been no minated The names of the three finalists will be printed in next weeks Herald Page 30 Highland games Four years ago Bill Miller says he was into getting Involved in the local High Land Games Now getting ready for the games is one his great relaxations and pleasures He discus sea the games and his Interest in them in this week installment or People Page Town unveils new librarytheatre plan will modify old library building site tftfa By PAUL Herald staff writer Years of controversy may be over as the Georgetown Public Library and ad Joining property have been recommended as the site for Hills new combined million arte and ta theatre and library complex Subject to approval by town council next Tuesday municipal officials will open negotiations for the purchase of three private homes on Church and Market Street which occupy part of the land needed for the planned 23 square foot complex and parking lot At a special well attended meeting Saturday morning the town a general committee unanimously accepted the first of two options recommended by Bailey Consulting Associates Ltd architect Keith Wagland and architectural consultant Harold Kalman The chose the existing library site near downtown Georgetown over a vacant threeacre site adjacent to Gordon Memorial Arena on Highway Included in the is an squire foot scat theatre facility estimated to cost a fool library which will cost 1 foot exhibition gallery for oris and crafts shows estimated to cost ISO Added lo the overall price tog Is the cost of the land acquisition and develop ment and no worth of furnishings plus operating costs expected lo total year J GARDENING TIME AGAIN John Cornish is happy be out In his garden again Mr Cornish who is years old was out digging up the garden Monday afternoon to plant and look some lime to prune hit towering almond bush He grows a little bit of everything In the garden and has enough potatoes each year give some away He says he should probably be selling them but I got a really good bunch of neighbors who re good to me and I can do something for way Herald photo by Taylor Buses through Georgetown considered by committee By DORSEY Herald staff Municipal officials have ained a per year max estimate on the cost of ing a public urban rans system In Hills but private financial commit monts may be needed before town council supports the idea The town general commit lee Monday night heard the results of an urban transit feasibility study updated by the provincial ministry of transportation and cations MTC for the second time recently in response to council s request project planner John admitted that urban transit although subsidized is an undertaking for any lily and acknowledged that the cost of implementation has STOP THE PRESSES FOR ELECTION NEWS Because of oar plana to bring you local election coverage the May edition of The Herald will arrive at home afternoon Our usual early morning arrival time wijl resume May JO risen substantially due large to inflation since the first feasibility study was conduct here in URBAN TRANSIT Although Mike rong and others suggested that the urban transit concept may as well be buried Immcdlat the majority of committee voted to have town staff prepare a report on the concept and survey local bus I and service clubs as to their Interest In funding such a system For its updated transit study the prepared estimates for three different levels of servicing In the urban George town area AH three systems would caver a basic bus route stretching from the corner of Boulevard and Drive to the Mill Street Main Street intersection downtown ind all three would involve an average suggested fare of en is per passenger The estimated costs of the service range from a year for the MTC mended option utilizing buses during peak periods ope rating every half hour to SSI for a greatly reduced service Those costs are up from GOO and 800 respectively since 1976 when the study was last updated The MTC report predicts that more than riders would benefit from their rcc option each year contributing HI in fare revenue Of the deficit that would result annually the municipality would hove to pay and he MTC the balance Extending Ihe transit syst Continued on page three If approved by council the complex must be financed par by public conscription with Sim to be raised in a funding campaign which the Georgetown Itotary Club and the Hills Arts Council have already offered to con The balance of the costs will be paid out of the debenture issued to council in for the library restora lion now worth with the Interest added collected in the form of lot levies and pledged to the new Town pledges funding for Acton hall The payment of 40 000 to assist in the restoration of Acton centuryold town hall has been recommended by the town general committee After a debate Mon day night during which parochial comments made by some councillors raised the Ire of those Ward Acton the committee agreed lo earmark In the town 1980 bud get as its share of the est ma I 200 restoration cost adding the condition that the of provincial grants must first be assured for the project George Elliott chair man or the Acton Town Hall Restoration Committee re minded the general committee that a financial commitment Is needed from municipality before the Ontario Heritage Foundation and the Win la no Foundation will further cons der grant applications GRANTS The citizens Restoration Committee is anticipating ap proximately worth of grants from Ihe ministry of culture and recreation Win and the Heritage lion comprising of bulk of the funds needed to restore the historic town hall on Willow Street Used in recent years as a seniors drop In centre and a station red rick structure was ordered closed in 1977 because of poten safety hazards The general committee re sponded to Elliotts pre sentation by recommending the 000 allocation for ap proval and sanctioning coun ell of the building as a community centre The recommendation subject to council approval next week Would also sec a special com of council established to meet the restoration commit tec and finable details of the project Initial opposition to the allo cation of municipal funds was offered however by Coun Pat Patterson who refused to sup port further tax impositions upon the town rural residents to pay for urban facilities and by Roy Booth who demanded answers to several questions before he endorsed the move Coun Booth took exception to Elliott contention that council would realize much better return on Its 40 investment if it elected to restore rather than demolish the building as is also being considered The alternative expend ture of for demolition would result in a blank wall and a postage stampsize park lot on the town hall s old Elliott commented Coun Booth said mainten costs for the restored town hall would greatly exceed those for the parking lot which in Itself is needed for Acton volunteer firefighters as well as downtown shoppers If the hall is restored he asked where would its patrons park their cars Acton much discussed Continued on Page three complex and In pro vincial grants and subsidies Officials of the Rotary Club Arts Council Georgetown Lit tie Theatre Georgetown Chor al Society University Wo men Club Credit Valley Art sans Georgetown Area Rate payers Association Studio for the Performing Arts and Hills Public Board address the com In turn Saturday each endorsing the concept as re commended by the consul lants Also sanctioning the wis Janet Mcintosh chair man of he Concerned Citizens Library Study Group which prepared a report on the need for a new or expanded library facility in Hills and concluded that a library should be combined with the cultural centre under consideration by council The involvement of the Georgetown YWCA In the complex proposal was briefly discussed after the com mi It tec had been told that group was not interested in sharing a site near the downtown core An official of questioned the statement and suggested that the group should have been consulted beforehand PRIVATE HOMES As recommended by the con private homes and properties at and 64 Market Street and Church Street would have to be purchased and two of them demolished to clear the way for an expansion to the existing library building and a new parking area The acquisition of adjoining would expand the width of the existing library site from 132 feet to feet IB depth would remain ed at 130 feet The consultants recommended the rearrange ment of the expanded site to accommodate a parking lot for 60 cars noting that another vehicles could be parked along streets within a oneblock ra the site The recommended option en council lo retain the existing library building as a public library which was a condition of the original deed Continued on page two HALTON CABLE SALE OKAY WITH CRTC From the Ottawa Bur to Of the Herald OTTAWA The Canadian Radiotele vision and Telecom has authorized the tale of a large number of tn Hilton Cable Systems Ltd which the cable televiilon service In Georgetown and Milton The commission approved the transfer of bare a total M per of from JasileMn and K Maeboogall to Colour Lab Ltd Jamleioa MUpcr tent or 010 share elllng I per cent or HO At the the will allow the bine of common from the treasury Triangle Colour Lab The was by the at hearing held In Kitchener February