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Huron Expositor, 2003-11-05, Page 14'1'HOMI !'SON..,.' URETHANE SPRAY . FIBREGLASS INS11I.iIrl'ION 1 I ii1l1,0, Call Ron At 519-263-2319 9 AIR CONDITIONING & HEATING SPECIALISTS ttI R Licensed for Sheet Metal. Refrigeration. Gas & Plumbing Seaforth Agricultural Society • BANQUET & MEETING FACILITIES • 10,000 sq. feet of indoor show area See what we have to offer Call 527-1321 Today! 5 SILLS HOME HARDWARE SUPPUES FOR THE HANDYMAN Bottled Water Refill Station • Plumbing • Heating • Electrical • Paint CARPET CLEANER RENTAL FIRE EXTINGUISHER Service & Re -Charge Depot GLASS & SCREEN REPAIR For All Your Hardware Needs Main St., SEAFORTH 627-1620 Ma, MIC, Home Card, AM Express, Herm McKILLOP MUTUAL INSURANCE COMPANY 91 Main St. South, Seaton' Office 527.5411 1-860.463.4254 Fax 527-2777 HOME, COMMERCIAL FARM, AUTO COVERAGES Bob McNaughton 527-1571 Graeme Craig 887-9381 Donald Taylor 482-9976 Banter, MacEwan & Feagan Insurance Brokers Ltd. 524-8376 Gaiser Kneale Insurance Broken Inc. 482-3401 Thames lns. Brokers 235-2211 Cockwdl Insurance Brokers Ltd. 356-2216 G.L. Bards Insurance 238-6790 K&J Small Engines •Repairs A Maintenance To M Makes A Models Authorized dealer to Jon••red and EFCO Saws 6 Lawn A Oart$sn Equipment Kevin J. Smith RJ(41 Minton Sus: (519) 2334333 14—THE HURON EXPOSITOR. NOVEMBER 5, 2003 News Huron -Perth Catholic District School Board approves financing for two new schools By Stew Slater Special to The Huron Expositor Financing for the construction of two new elementary schools -- both being built to replace aging facilities -- was approved Monday, Oct. 27 by trustees of the Huron -Perth Catholic District School Board. The two schools are St. Joseph's in Clinton and St. Mary's in Hesson, both of which were recently deemed "prohibitive to repair" through a provincially - mandated inspection process. Both will be rebuilt in new locations, although St. Joseph's will just move within Clinton while St. Mary's will move from Hesson to Listowel. And both are being designed and constructed concurrently, to enable the board to cut costs in such areas as architectural services and suppliers for construction materials. Total cost for the two buildings is projected at $5.5 million, with the board only allocated about $440,000 per year from the provincial government for such expenses. For that reason, long-term financing is necessary. According to management superintendent Gerry Thuss, the board has always sought financing for such projects on its own, through lending institutions. Debenturing was used prior to Thuss's arrival at the board, but it was also done by the board alone. This time, the board has joined with a relatively new consortium called the Ontario School Boards Financing Corporation. Originally, OSBFC included six Catholic school boards in the Greater Toronto Area pooling their financing needs, in an effort to attract the best possible deal from lenders. Now, it has grown to include members across the province, seeking to finance construction projects valued at a total of about $2 billion. As such, it can attract the attention of the country's top investment brokers, earn valuations from bond rating agencies, and arrange debentures to be paid back, over the long term, by the member boards. This year's crop of receiving boards totals 17, needing a total of $458 million in financing. Even though it represents two schools, the Huron -Perth project is the least expensive of those 17, with the Toronto Catholic school board needing about $90 million this year. Debentures for this year were issued in two parts; one is a "10 -Year Sinking Fund" while the other is a "25 -Year Amortizing" debenture. For the Huron -Perth board, that will translate into annual payments of roughly $160,000 on one debenture and about $236,000 on the other. With about $444,000 expected to come in each year from the provincial government for servicing debt on such projects, Thuss hopes to have a small portion left over to place into a capital reserve fund. Rev. Nelson returns to Seaforth, Clinton churches By Sara Campbell Expositor Staff After more than 25 years, Rev. Ted Nelson has returned to the churches where his career first began. "It brings back many memories," said Nelson. "It's always nice to see old friends and make new ones." Nelson is acting as an interim minister for the two- point pastoral charge, of the First Presbyterian Church in Seaforth and St. Andrews Presbyterian Church in Clinton, until a replacement is found for Rev. Nick Vandermey, who retired in October. "It's good to be closer to home and nice to be back at these churches, which haven't changed a bit. The congregation has really kept them up very nicely," said the Londesborough area resident. Born and raised in Goderich, Nelson started his pastoral career in Goderich and came to the Seaforth and Clinton churches in 1974. After serving the communities for more than three years, he took a position Rev. Ted Nelson at Avon, near Stratford. Although Nelson retired in November 1998, he has been serving several area churches including Clinton, Blyth and Londesborough. He said it is uncertain how long it will take until a replacement is found for the Seaforth and • Clinton churches, as it took nearly two years before a new minister was found for Londesborough. However, Nelson said he believes a replacement will be found by the new year or shortly after January. Last Thursday, Nelson celebrated his 70th birthday and was honoured by the congregation at the Seaforth First Presbyterian Church on Sunday, Nov. 2. "I appreciate the thoughtfulness of the congregations and for welcoming me back into churches," he said. "I'm really glad to be back." JANSEN MASONRY Pete 5220614 Harry 527--2891 Pete Sr. 622•020e Brick • Block • Stone RsanasaisaLliesa asrvYr 71» w... ra.0...3 v►... Seaforth. Ontario MARION'S PAINTING Free Estimates •Interior/Exterior Painting •Drywall Repair Call Mike Marion 527-0707 (Evenings) RALPH 41, WOOD ELECTRIC 'Agricultural • Commercial • Residential CALL SEAFORTH 527-0448 BOX & ha SMITH FUNERAL CHAPEL "We are dedicated to your confidence" at 47 High St. Seaforth 527-1142 - Office CHRISTOPHER M. SMITH Funeral Director TILING and HARDWOOD "ROMAN MASOWA# 426 TILING • Phone (519) 523-9025 Cell (519) 524-0119 • Custom Design • Installations & Renovations • Bathroom Accessories •-Hettli ooifFloor Installation • Bathrooms, Kitchens, Fireplaces, etc. ROMAN MASOWA DAVITS ACCOUNTING SERVICES ACCOUNTING & TAX PREPARATION Farm,Business, Personal & Corporate 57.1063 5: Dr. L.J. Laplante OPTOMETRIST 527.1240 87 Main St., Seaforth HOURS N Monday CLOSED Tuesday 9:00 - 12:00 1:00 - 6:30 Wednesday 9:00 - 12:00 1:00 - 6:30 Thursday 9:00 - 12:00 1:00 - 6:30 6:30 - 9:00 Friday 9:00 -12:00 1:00 - 6:30 Sat. & Sun. CLOSED ADVERTISING is not an expense IT'S AN INVESTMENT Elligsep ELECTRIC LIMITED MAN • MOM • CoMrtes11o8AL • POLS UN= • STANDBY SYSTEM (519)345-2447 R.R94 WALTON, ONT. KKN BUILDERS INC. ALL KINDS OF SITE WORK & CONCRETE WORK *Excavator *Complete Foundations •6 -way Dozer •Slatted or solid Boors •Truddng *Bunk shoe *Float Service *Sandwich Wags *Demolition *Farm Work Renovations *Concrete Driveways Eugene Nolan Dublin 345-2042 WHITNEYRIBEY FUNERAL HOME CEMETERY MONUMENTS ROSS W. RIBEY DIRECTOR 87 Goderich St, Seaforth 527-1390 Pre -planned and Pre -Arranged Funeral Services Available Sincere and Courteous Service p HURON -PERTH Refrigeration and Appliance Service Larry Home Repairs to most major appliances Licensed for gas appliances 522-0330 or 1-800-363-3265 * Agricultural * Residential * Commercial * Pole Line Construction '- . 1ilitioa L. McGRATH PLUMBING and HEATING Inc. SEAFORTH 522-0493 Larry McGrath Loaned Plumber & Licenced Gas Fitter Call Today! Installation Service Repairs HILDEBRAND PAINT & PAPER Expert... Interior and Exterior Decorators PAINTS & WALLCOVERINGS 527-1880 in Main St. Seaforth 4 thin ELECTRIC R.R. #4 Seaforth, Ont. NOK 1 WO 519 522-1556 W.D. HOPPER SONS WATER DRILLING • FARMS • RESIDENTIAL • INDUSTRIAL • COTTAGES • 5 MODERN ROTARY RIGS • LICENCED BY MINISTRY OF ENVIRONMENT. FREE ESTIMATES CALL COLLECT 522-1737 271-7860 "Where hopper goes the water flows" • PLACE YOUR AD IN THIS SPACE For only :12.95 per week For more information, Call Today 519-527-0240 SEW AND ' VE CENTRE LIMITED Sewing Machine and Serger Specialists Repairs to all makes •FREE ESTIMATES *ALL WORK GUARANTEED SALES Janome, Juki, Babylock, Omega Maw LOTS OF USED MACHINES ® 149 Downie St. 119 (Beside Hudson's Dept. Stair) STRATFORD 271-9660 SCHOONDERWOERD BROS. CONCRETE Flatwork and Forming All types of: • Foundations • Walls • Driveways, patios • Floors, floating slabs • Interior/exterior coloured and stamped designs Ph: 348-0530 Fax: 348-4819 Cell: 301-1392 Scott, Darrell & Pete To advertise in the BUSINESS DIRECTORY... Call Bemie or Tdm at 527-0240 to fY,