High monthly payments tend to take the enjoyment out of owning a new car. But, Royal Buyâ€"Back‘s low payment option is designed to make it easier for you. With Royal Buyâ€"Back, monthly payments are up to 20% lower, guaranteed, depending on the Royal Buyâ€"Back term chosen, than with regular financing. You see, the Royal Buyâ€"Back option recognizes that your car will have a residual value 3, 4 or 5 years down the road. We‘ll certify that value and offset it against principal repayment. $o, by reducing the amount of your new car loan to be repaid over the buyâ€"back term, we reduce your monthly payments. Royal Buyâ€"Back Reduces Your Monthly Car Payments. Canada‘s Leader In Car Loan Innovations. Golfers can still register for one of Oakville‘s most popular charity tourâ€" naments organized by Community Living Oakville, formerly The Oakville Call Tollâ€"Free 1â€"800â€"668â€"9700. Registered tradeâ€"mark of Royal Bank.of Canada. *Royal Bank of Canada, registered user of tradeâ€"mark Royal Bank Car Loans The tournament in support of develâ€" opmentally handicapped citizens begins at 12:30 p.m. Tuesday May 25th Association for the Mentally Retarded. What‘s more, you can choose a fixed or variable rate, plus, the freedom to switch from one to another at any time. Royal Buyâ€"Back is not the only car loan option available to you. You can protect your new car investment with our Shock Absorber*option that can help minimize financial loss if an accident means your car is a "writeâ€"off" during the first year. For life‘s unexpected curves there‘s the LoanProtector® option. It pays the balance of your loan should you die, or your monthly payments if you become disabled. So, before you arrange financing on your new car, talk to a car loan specialist at any Royal Bank branch. We‘ll be glad to give you the low down on lower monthly payments. at the Sawâ€"Whet golf club on Bronte Road. To register call Community Living Oakville at 844â€"0146. Robert Cooper, of the Hamilton Halton Home Builders‘ Association said it will deal a "severe blow" to the industry and would adversely affect the economy. "We were shocked, to say the least," he told council upon learning of the report. "Development charges ar not simple matters. There is too much at stake to rush this through. But industry spokesmen said existâ€" ing residents receive many benefits from development including things such as jobs, new business taxes. And they predicted little new building in the community if the increases were approved. Resident Jim Richards said he agreed with the town‘s position and that it shouldn‘t be up to "overtaxed" existing residents to bear the brunt of new growth. Ward 5 councillor Sean Weir said it was important to realize the reason the town was dealing with a new developâ€" ment charges byâ€"law that evening was directly related to the appeal of the 1991 byâ€"law by Urban Development Institute Ontario and the subsequent OMB hearing beginning Monday. No decision on the charges will be made by town council until Tuesday. Ward 3 councillor Keith Bird, acknowledging that Langer had put forward a cogent argument, said the nub of the issue is how exactly to releâ€" gate the costs â€" either on the existing residents or the new residents. However, Langer said it was important to look at the costs themâ€" selves and to allow the industry time and opportunity to look at the new figâ€" ures arising out of growth. Many builders and developers questioned the "bells and whistles" of the road program, although staff had claimed the growthâ€"related necessity of the program. Vail asked the town to leave the charges alone for awhile and allow time to provide adequate response to it. "Would you not feel presumed upon if the province jatinmed someâ€" thing of such complexity at you and said "Drop everything and let us know what you think in nine short days?" asked Langer. Vail said he was concerned with how Oakville was to remain competiâ€" tive and questioned the need for the acceleration of the road program. "We were given the report last week, then another staff report Tuesday... that doesn‘t give a lot of time to people trying to do business here in Oakyville," said John Vail, of the Oakville Milton and District Real Estate Board. "If someone was putting a sidewalk in there‘d be more time given." "Quite simply, most new home buyers cannot afford and will not be able to pay these higher costs," added Langer. Almost all, without exception, took issue with the lack of time given to adequately respond to the increase. The boost in development charges could see developers fees rising by 100% on single family homes to $9,818 per unit. As well, nonâ€"residenâ€" tial development fee of $1.82 per square foot will be raised to $5.01 per sq. ft. over a fiveâ€"year period. objections to the increase in developâ€" ment charges. Council will decide on the charges Tuesday. Builders angered by development charge increase (Continued from page 1)