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THE CITIZEN, WEDNESDAY, MAY 15, 1996 PAGE 21 .
Paying off
sewer debt
pays big
for Brussels
Well done done
The tireless efforts of the volunteers in the BMG Catering
Group were acknowledged at a special reception last
week. Bessie Johnston accepts a certificate of
appreciation from John Mayer, zone chair of the Ontario
Municipal Recreation Association.
Saying thanks
John Harrison of the Park Recreational Development
Committee, left receives a plaque on behalf of the PRDC
for their volunteer efforts in Brussels. The PRDC has
been raising funds for a new ball diamond and soccer
field behind the BMG Community Centre. Presenting the
award is John Mayer, zone chair of the Ontario Municipal
Recreation Association.
Honoured
The Brussels Park Recreation Development Committee,
comprised of representatives from local service and
athletic clubs were honoured at a special reception last
week for their volunteer work. BMG Rec Board chair Alvin
McLellan, right, present Mike Thomas with certificates
from MP Paul Steckle and MPP Helen Johns.
Thank you
Alvin McLellan, chair of the BMG Recreation Board
presents certificates of recognition to Audrey Cardiff of
the Catering Group from MP Paul Steckle and MPP Helen
Johns at an appreciation reception held in Brussels last
week.
A decision to use funds from its
sewer reserve to /finance the
remaining debt on the village
sewage system will pay big divi-
dends to the village over the next
26 years, Clerk-Treasurer Donna
White explained to village council
at its May 6 meeting.
Council had decided earlier to
refinance the $205,683 left on its
debt to the Ontario Clean Water
Agency (OCWA) for the construc-
tion of the Brussels sewage system.
Inviting homeowners to pay off
their frontage charges in a lump
sum rather than a monthly charge
for another 26 years brought in
$92,000. That left $114,000 to be
financed. Council explored bank
financing and considered trying to
renegotiate the rate of interest paid
to OCWA, but finally decided to
use money put away in the reserve
for future repairs to the system.
Since the people who didn't pay
off their frontage charges will con-
tinue to pay nearly $15,000 per
year until the year 2021, the village
will take in $389,442 to repay the
$114,000 debt meaning a gain of
$275,000 over the term of the con-
tract. Councillor Ralph Watson
noted there will be a seven-year
pay-back on the loan from the
sewer reserve.
"Now you would be in a position
to take over ownership of the
(sewage) plant if you wanted to,"
said White. She noted that with
provincial government cutbacks
and restructuring the future of
OCWA is uncertain. Paying off the
debt will give Brussels greater
security.