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HomeMy WebLinkAboutTimes-Advocate, 1980-04-23, Page 3Drop off is dramatic Times-Advecute, April'23, 1980 Page 3 Mortgage rates slow botrowm Grandstand will go • The committee in charge of redeveloping the grounde at the community. park were given permissien by Exeter council this week to. remove the grandstand. COuneillor Don Camereri said members were op- timistic that they may get some money for the facility, although he noted that op- tirnieirn was not shared by everyone, However, if it is found that someone will pay for the privlege of removing the facility, the money will be, given to the grounds com- mittee as a donation from the municipalities. If there is a cost involved, it will be borne by the committee. No daylight at cemetery Because they won't be compensated for providing land for a daylight corner, the Exeter cemetery board members have decided to reclaim the land that was intended for that purpose at the south-west extremity of the property. Councillor Ted Wright told council this week that the portion of fence removed to provide the daylight corner will be replaced and the 20 burial plots that were lost to facilitate the change will be put back into the cemetery plan. "We can't go to that exp- ence without compensation," Wright said after noting that the ministry of tran- sportation and ' com- munication had advised they would not remimburse the board for any costs involved in the project. It was indicated that Hay council had made the request for providing the daylight corner to facilitate snowplowing along the concession. Wright also advised in his report that the board would be investigating the pur- chase of a sod lifter that mounts on the rear of a tractor and also the pur- chase of a 12-inch backhoe bucket to be used for digging in monuments. He said the acquisition of these pieces of equipment would sub- stantially reduce the amount of man-hours required for work at the cemetery.' 01A look pre 4f 5th +OCICA- •J' A crl- o f peopl e ca.pv.e. ,440 alt +11tAerlb 4or oetr b i - °peke i eak ? wka+ firke.t.) S 2 TIME FOR SKIPPING - With the spring like weather over the weekend skipping ropes came out of storage. Trying their skipping talents in Crediton were Lisa Martin and Joanne Slaght. T-A photo Exeter taxes to jump 8.5% beams-fiCt,1 reozi- Fra,c1-cks-lic /ove,11) LA.>ayfrn sue. er-! terri ck_ r Wow! 44) h ( c?,1 cac)4,10t•evfiva 141,40e I le.t.)0‘13 le ! 9a s ex+v-o_ov-OL; Ko..v-'A 1 10 t4.(€.0A16..4) n-AAK) KS, E yErete :/ All Thumbs. Exeter's new art store announces the ten winners of pairs of tickets to the Huron Coun- try Playhouse. The draw was niride followirig our Grand Openirig April I I th & 12th. Steve Ross - Thedford Valerie Sweet - Exeter Harold Green - Grand Bend Carolyn Jenkins • Stella Doris Stephen Woorihnin Mary Moody Exeter Damian Solomon - Exeter Brenda Wedge - Exeter Margaret Cook - Cen- tralia Almira Ford - Exeter We wish to thank the Hyron Country Playhouse for 'generously providing these tickets. all thumb an artists' co-operative 397 main St. s., exeter, oCt. NOM 1St' 235.0779 So Round steak or Roast lb Sirloin Tip Roast Rump Roast Sirloin Steaks Whole Beef Tenderloin Stew Beef Minute Steak Rib Steak Beef Liver Barbecue Spiced Hamburg Patties '2.39 $2.49 $2.39 $2.79 $4.89 $1.89 $2.49 $2.29 $1.29 '1.59 lb. lb. lb. lb. lb. lb. lb. lb. lb. lionprorceistediide or Whole lb. 57 ieproeciecillind Quarters lb. $ 1.57 1.33 U nprocessed eef Sides lb. Processing 12$ lb. for cutting, wrapping freezing and sausage making. Does not include rendering or curing. PHONE 1-237-3677 We'll Do the Job Right... We've Moved Our Office we are now located at our Exeter shop Whatever the project, call on us for Ready-Mix Concrete .• RESIDENTIAL • COMMERCIAL • FARM (Including Manure Tanks) FREE ESTIMATES „." BROWNIES PARTICIPATE - The Lucan Brownies operated a bake sale at the Lucan craft show Saturday. From the left are Tammy Williams, Mary Morkin, Lisa Markin,' Julie Lewis; Michele Vanneste, Theresa Morkin and Andrea Vickery. T-A photo JX941 EXETER, ONTARIO Plant: 235-0833 Office: 235-1969 Y BULK and SAVE OPEN 9 A.M.-6 P.M. MON.-SAT. Prices effective for month of April FARMERS ONLY PROCESSING SPECIAL Beef slaughtering charge $8.00 plus 10c lb for cutting, 'wrapping, freezing and making hamburg patties. We will buy your heart, liver and tongue for $15,00 Saving to you whole For example Beef weight 450 lb 10 lb. for processing '45.00 Slaughtering %.00 Total Credit heart, liver tongue Your cost '53.00 Exeter residents will face an increase of ap- proximately 8.5 percent on the local tax rate this year if council adopt the budget as approved by the executivee and finance committee.' That committee met a few hours before Monday's regular council session and gave their ' final con- sideration to the budget. It had been planned to present it to a committee -of- the-whole session following the council meeting, but that plan did not rnaterialiie and a special meeting will be called for that purpose. The increase is for the town's share of the mill, rate only. The board of education levy has .still not been received and any increase in it will be in addition to the 8.5 percent hike forecast by the finance committee. Tenders were opened for the public works projects to be undertaken this year and the price was slightly higher than estimated. Abban Excavating Limited of London submitted 'the lowest of 11 tenders with a price of $134,905.16. It was approved ' "subject- to ratification' by the town's engineers and the ministry of transportation and communication. Approve street signs Organizers of the homecoming planned for South Huron District High School on June 21 were given permission by council this week to erect banners and signs to help advertise that eveht. However, student council advisor Doug Ellison, who appeared before council, was advised that approval for a banner across the Main St. would also have to come from the ministry of tran- sportation and com- munication. Ellison said the banner and a teepee-style sign for the libary park area were needed to get the message of the homecoming to the graduates who were being invited back. A further letter was received at Monday's meeting from student council president Mike Burke asking if members had any concerns related to the homecoming. Apparently thinking of the antics of his school days, Mayor Boyle facetiously asked if perhaps extra police would be needed to keep the grads in line. The various projects had been estimated at $138,900, which included the engineering costs. However, that will increase slightly as the engineering fees of 15 percent will go on top of the contract price of $134,905.16. Projects include a storm drain in the Simcoe and Albert St. area, recon- struction of Victoria St. from Main to Carling, paving on Huron St. West and on. Carling from Gidley to Nelson, a storm drain on Marlborough from Thomas to Wellington and recon- struction of Rosemount Ave. off Highway 83 East. Grand Bend Continued from front page exactly where the con- dominium would be in relation to their, homes. She said that it shouldn't block anyone's view. Bruce Woodley said that he didn't want the buildings creating a wind tunnel. He and his sister-in-law Linda Hitsman complained that they had a build-up of sand in front of their cottages and that they would like it removed. They said they were concerned about the condominiums causing more sand erosion. Ms. Hitsman said she was concerned about more residents in the area causing litter. She said that there was a lot of broken glass on the beach now. As a representative of the Ausable Bayfield Con- servation Authority, John Small said that they were not objecting, but commenting. He said that there should be no concerns about flooding, because they estimated that only once in 100 years would the water touch the base of the building. He said that they should look into the problems of wind erosion on the sand. He suggested that vegetation be planted to prevent wind erosion. Sharen said that he hoped most of the objections had been alleviated. He said that the village is willing to go ahead with the zoning change, and thin if the complaints aren't withdrawn the issue will have to go to the Ontario Municipal Board, Very few people in the Exeter area are taking out Mortgages. to purchase new homes, Real estate agents report that most homes. being sold right now have existing mortgages which .the buyer can assume, Most financial insutions in Exeter report that the demand for mortgages has dropped off dramatically this 'spring, since rates have been rising. Bank managers report that there have been some inquiries but very few Several members of council learned this week they were in the same position as many other residents in assuming that they were getting some action when they pressed the button to activate the traffic lights at the corner of •San- ders and Main St. The buttons were designed to permit pedestrians to activate the lights and Councillor Jay Campbell related how he had a well- timed plan where he could push the button on one side applications. They were reluctant to give figures on the number of applications that have been accepted, but would admit that it is very law. Philip Cant, manager of the Bank of Commerce, says that most people don't bother to apply fora mortgage once they hear the rates. "Not even a tax credit would encourage people to buy at these high rates," Cant added. Sandy Johnston at the and continue across the street before the lights had changed. However, he found out this week that his timing was strictly a matter of luck, as it is for anyone who gets the lights to change when he she presses the button. The buttons were disconnected about a year ago and the signal lights are controlled by a timing device similar to that employed at the Huron and Main St. in- tersection. Bank of Montreal says that people who are forced to renew existing mortgages at the present rates are only taking out short term mortgages, Her bank now offers a one year term, while some, other banks are of- fering six month terms, Manager of the Bank of Nova Sofia Art McKenzie says that there has been little activity in mortgages since January, But he adds that this is traditionally a slow time for mortgage reqeests, Garry Baskett at the Royal Bank says that they are receptive as ever to ap- plications, as long as qualifications are met, He says that they like to see the buyer put enough money into the home in the down -payment, so that he won't be tempted to "walk away". He says that he has no mort- gages in arrears at the present time. Manager of . Victoria and Grey Joyce Black says that most people can't afford present mortgage rates. She says that if someone took out a 25 year mortgage on a $50,000 home at 16% percent, they would have to pay $687.50 in principle and in- terest per month. Payments on the same home at 12 percent would be $516. per month. Rates vary from bank to hank, and anyone looking for a mortgage is advised' to shop around. Terms also change between banks. The lowest rate right now is at Victoria and Grey where a six month to one year mortgage can be arranged at 15% percent. A two to five year term is set at 16% percent. Present customers whose mortgages are up for renewal can get a quarter of a percent less in both areas. Victoria and Grey is the only financial in- sititution where rates have come down recently. Last week their rates were 163/4 for both terms. The highest rate right now is at the Bank of Commerce where they offer a special optional early renewal term. The buyer pays a rate of 18 percent, but he can renegotiate at any time; and he has to pay for that privilege. This is taken out on the gamble that rates will soon, be coming down. The Bank. of Montreal is. Charging le% percent for a regular mortgage with a minimum of one year. Like the Commerce, they have an open term with a rate of 17 percent which can be renegotiated without penalty at any time. The Bank of Nova Scotia is charging 16% percent for one, three or five year terms. 'The Royal Bank has a rate of 173/4 percent for five year mortgages, besides their special rate of 16 percent for existing customers. Rates vary with the length of time at the Bank of Commerce, A one year term is set at 16% percent, three years at 171/4 percent and five years at 17% percent, As well, they have to optional early renewal at 18 percent, Most bankers expressed the hope that the rates have now peaked and are levelling off or coming down. There has not been an increase in a past week or two, while in March rates were climbing weekly at most financial institutions. Rates last fall were in the 12 to 14 percent range at most places. Spokesman for the Royal Bank Garry Baskett says there are two pieces of ad- vice he gives to people who want to purchase a home, First he tells them to save until they have a "fair sized" downpayrnent. Secondly, he tells them to expect to give up something else, such as an annual vacation, a second car, or other luxuries, Baskett says he also reminds people of the extra costs that go with homeowning, like the purchase of a lawnmower and other expenses. Mrs. Frank Triebner is a resident of Queensway Nursing Home in Hensall. Over 80 club Clara Koehler of the Ailsa Craig Nursing Home will be 93 on April 19, 1980. Smoked '1.45 lb. lb. 89 lb. • 33 lb 431 lb 49' Fines stay at old price Fines of $104 for illegal possession of alcohol were still levied by Justice of the Peace Douglas Wedlake when he presided in Exeter 'court, Tuesday. ! All the charges had been 'laid before changes were made in the system on March 31. Fined $104 or 10 days for having liquor readily available in a motor vehicle were Patrick K. Brandon, R.R. 3 Bayfield, and Lawrence T. Pole, R.R. 1 Dashwood. Paying the same amount for having liquor un- der the legal age was Richard E. Smale, Zurich. Alex Skye, no fixed ad- dress, was fined $29 or three days for being drunk in a public place. He was charg- ed at a local restaurant on January 18. Champs to get plaques The Exeter Kinsmen midget hockey team, recent winners of the Ontario championship, will be honored in the usual manner by Exeter council. Members of the team will receive a town plaque noting their accomplishment, although they'll get an added ", bonus not receives by for trier championship teams, a copy of the Town of Exeter history book written by J.L. Wooden. Council turned down a suggestion from former mayor Bruce Shaw that Exeter join with the neigh- boring municipalities of Usborne, Stephen and Hay to honor the boys with some special event or gift. Mayor Derry Boyle said asking the other mun- cipalities for help was "away off base." He advised council that the cost of providing the plaques with the town crest would be under $200. The suggestion to add the history books as a gift was made by Councillor Lossy Fuller. It was indicated the town still has about BOO of the books in storage. Pushers are foiled wIriagieggs Dashwood MEAT MARKET 237_3677 112 Mile soul?, of Osahwood 3 n.,' entorlecleon CHARGEX AND MASTERCHARGE WILL BE ACCEPTED ON ALL MEAT CHARGE"( ORDERS S75.00 OR LARGER VISA lb. 000 Lobster Tails 5,06.1 1 .95 Plain Scallops lb $6.69 Battered Shrimp lb $5•50 King Crab Legs lb. $5.30 Frog Legs '4.65 MANY PRODUCTS ARE AVAILABLE BUT PLEASE ORDER AHEAD FILL YOUR FREEZER & SAVE ALL PRICES FOR 10 LBS. OR LARGER (ON BEEF AND PORK ORDERS) Loinof Pork aPProx30 chops lb $11 •1119 Shoulder Chops lb 894 Bacon 89( home cured, by the piece lb. Pork Shoulder Roast l b . 59 Dashwood Sausage regular 1.29 Ground Pork Pork Liver Pork Hocks Back Bone FROZEN VEGETABLES PEAS 6,51b cos! 11.65 CORN 6x51 3050 GREEN BEANS 6 „51b , 14.65