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i i 3 3 3 & If the Canada Mort- gage and Housing Cor- poration doesn't give the nod in 1985, plans for a co-operative housing project in Port Perry could be up the creek. Members of Borelia Co-Operative Homes In- , corporated had hoped to get approval from the CMHC last year, but their hopes were dashed when the corporation rejected their plan, on the grounds there isn't enough demand for ren- tal accommodation in Port Perry. Nonplussed, the group went ahead with its plan for 70 units of apart- ments (12 one bedroom, 12 two bedroom) and townhouses (6 two bed- room, 36 three bed- room) on a site directly west of the Canadian Tire store, on the south - side of Highway 7A. Tentative approval for re-zoning was received from both the Township of Scugog and Durham Region, an option on the land was taken, an architect was hired, a contractor was notified, soil base studies were done, water system plans were finalized and engineering plans were drawn up --- all of which cost Co-op members money. However, they're still concerned the CMHC might reject their pro- posal. In co-operative housing ventures, the CMHC often is the go-between banks and co-ops, ensuring loans and other financial mat- ters go smoothly. . If the CMHC rejects the proposal, members ; are sure they won't be able to borrow the $4.5 million necessary to go ahead with the project. Even if members could raise the necessary funds, they wouldn't be able to subsidize those who don't have great incomes (in a co-op, members pay according to their income). "Which would turn the co-op concept into a "¢ondominium," pointed out Frank Murphy, trea- surer of the Borelia According to Mr. Mur- phy, the CMHC gathers its statistics regarding rental housing and vacancy rates through Ontario Housing. Until a erry was lumped to- ether with Oshawa be- cause the only accom- modations in Port Perry taken into consideration by Ontario Housing were the apartments for senior citizens. pe months ago, Port To combat the Ontario Housing statistics, and SHORT-TERM CERTIFICATES 30-59 Days 9.85% (Min. $200,000.) 30 - 364 Days 9% (Minimum $5,000.) GUARANTEED INVESTMENT CERTIFICATES 3 Year Annual Interest 11Y% (Minimum $500.) Rates subject to Change without Notice PX STANDARD cmd TRUST 165 Queen Street, P.O. Box 1318 Port Perry, Ontario LOB INO Telephone: 985-8435 smude Depo Amu umie 4 eprom TIME: 7:00 P.M. PERSONAL FINANCE PLANNING SEMINAR AT: SCUGOG MEMORIAL PUBLIC LIBRARY 231 Water Street, Port Perry DATE: Thursday, January 17, 1985 Learn how easy it is to combat inflation. taxation and unwise investments PRESENTED BY: Nelson C. Patterson, C.G.A. WV C Ynwesloes Syndicate Limited For more information phone 985-2034 show the CMHC they believe rental housing is needed in Port Perry, members of the co-op are instigating a letter campaign, directing those who are interested in seeing increased ren- tal accommodation in the township to write a letter or postcard to the Honourable William PORT PERRY STAR -- Tuesday, Jan. 15, 1985 -- 3 Co-op hopes could be dashed by CMHC McKnight (in charge of housing), to Prime Min- ister Brian Mulroney or to Allan Lawrence, Dur- ham-Northumberland MP. The address for all three is House of Com- mons, Ottawa, Ontario, K1A 0A6, and no stamps are required. For 'more information ' Drinking drivers responsible for most accid onts on the letter campaign, or co-op housing call Frances Sandison at 98578209 or (evenings only) Andy Baca at © 985-7277. Winter resulted i in 61 per cent increase of snowmobile deaths The 1983-1984 winter season brought with it more ideal snow condi- tions for snowmobilers. It also resulted in in- creased accident statistics. A total of 578 accidents were reported, represen- ting a 61.5 per cent in- crease over the 82-83 winter season. Fatalities more than doubled, increasing to 24, compared to 11 the previous season. Injuries increased from 316 to 468. And, while drink- ing/driving campaigns may be getting their point across to motorists, they aren't reaching snowmobilers. Out of 22 drivers killed in off-highway and on- highway accidents, 15 were described as "abili- ty impaired" or "had been drinking." And, this figure, doesn't include six drivers who drowned, each of whom had alcohol in their systems. These statistics can on- ly reveal disrespect for the law and plain carelessness. Especially when one Jooks through the accident reports and finds about 20 per cent of all drivers involved in ac- cidents weren't even licensed. Winter is here again. Hopefully this year, snowmobile operators will exercise more cau- tion and heed weather reports, ice conditions and drinking/driving campaigns. DON'T MISS IT ... OUR ANNUAL 25 .. 50% OFF ... ALL STOCK! "COUNTRY E'S o -- --- UNIQUE GIFTS -- ([] (} EH . SE Not necessarily as ilustrated