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cengreztnl If you‘re driving down the street Saturday minding your own business, and a troupe of highlyâ€" excited, uncontrollablyâ€" enthusiastic young people jump off the curb and run towards your car, each with a Windex bottle in one hand and a chamios in the other, relax. It‘s only "Shinerama",. The event â€" which sees first year students from Wilfrid Laurier University and the University of Waterloo shining shoes, windshields and just about anything that moves â€" is held annually to raise money for cystic fibrosis research. Across Canada, ‘ 64 universities participate. With enthusiasm like this, who needs a pep rally? Firstâ€" yesterday during the university‘s ‘"Frosh Parade"‘, y A how pepov thomm university‘s "‘Frosh Parade"‘, Deborah Crandall Chronicle Staff WLU/JUW students prepare for Shinerama P ppy they were anina in ean uai, ;a 2 3. ) LNz was Tollowed by, you gu how peppy they were going in, can you imagine what they were like coming out? Chronice Ns i 2. 4" s Pooss 0 P . * m music wiyp [ Big tasks ahead spirituay_" [R for new Catholic resawa;,,,,|_| board director gom_binipg With listings down almost 12 per cent compared to the same time last year, Erb said he expects demand for lowâ€" and mediumâ€"priced homes to remain strong, eventually triggering similar activity in higher price ranmas Erb said market conditions are better than they have been in recent years. The lowest interest rates in 20 years combined with affordable prices make this a great time for home buyers. ‘"In recent months we‘ve seen the beginning of what I believe will be a sustained and orderly recovery of the local real estate market as economists forecast slow, but steady, economic growth," Erb said. "The strong increase in sales of lowerâ€"priced properties was an anticipated response to excellent market conditions." Although board statistics reflect the sales of all real estate brokers registered in Waterloo Region, president Danny Erb said the real estate situation in the City of Waterloo is "very similar" to the region as a whole. A nineâ€"perâ€"cent increase in sales of singleâ€"fan ranges compared to August 1991 was spur increase in the sale of properties in the $100,0( Kitchenerâ€"Waterloo Real Estate Board reports A surge in sales of inexpensive singleâ€"far into the local real estate market in August Sign of recovery? Home sales climb 9 per cent in August â€"year students with UW‘s St. Paul‘s College were raring to which was followed by, you guessed it, a pep rally. If this nat thay wara liba ammll l 2.5a igleâ€"family dwellings in all price s spurred on by a 28â€"perâ€"cent $100,000 to $150,000 range, the family homes put renewed life (Continued on page 9) Deborah Crandall photo If the company pays all tax money owing the city at any time during this process, the tax sale would be cancelled. If not, the city holds a public auction or public tendering process and sells the company‘s property. The city‘s minimum selling price would be the amount of back taxes or greater. She said that because the ailing firm has not paid its municipal taxes for three years running, the city has begun to take the necessary steps leading up to a tax sale in order to collect its money. Using guidelines set out in the Municipal Tax Sales Act (1984), the city registered the tax arrears certificate and then, in June, gave notice to all parties the city believes to be interested in the sale. Card said a final notice to pay will be given to the company 280 days after it has been registered, and it will have 30 days to 1 respond. | in unpaid municipal taxes. OnApriISB.tbedtyfilednuxarrears certificate with the Land Registry Office in Kitchener regarding the Northfield Drive West property of Van Dresser Ltd. Heather Card, the city‘s acting director of revenue, said that as of September 4. Van Dresser Ltd., which went into receivership on February 21 of this year, was behind in its municipal property tax payments &n #ag 4w of $822,786. That figure represents approximate v 12 per. cent of the total amount of property t. \ money which Waterloo landowners owe he city, which is $6.9 million. Card said Van Dresser also owes the cil. approximately $130,000 in unpaid business | tax. Firm owes city almost $1 million back taxes ' I ‘be'City of auction off company‘s unless it can come Tom Brockelbank Chronicle Staff he ‘City of Waterloo is preparing to auction off a Waterloo manufacturing company‘s property within one year t can come up with almost $1 million (Continued on page 7) Don‘s Chimney Sweep®. Elmira Harvent Festiva)* Inserts delivered with tonight‘s Waterloo Chronicie Moore‘s The Suit People. Maple Leaf Restaurant* *Belected areas on}s INSERTsS