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Waterloo Chronicle (Waterloo, On1868), 25 Sep 2002, p. 4

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Used Inventory Blowout ~*~~ Our largest selection of preâ€"owned Volkswagen Waterloo Volkswagens on sale now. www.vwwaterioo.com Just Scroil Down Volkswagen Lane 550 Weber St. North, Waterioo 884â€"7470 click here Timea Derer (right) shows little Sofianne GyikT) one of the many items available for sale recently at the City of Waterâ€" loo‘s annual Christmas Hamper garage sale. ... _ _ # x3 s < . .z;,_ ® 9 i a N #.2%®.;~ | ® & P58 0 | iihimes 3 J â€"_ Do Early Christmas gift ANDREA BaILEY PHOTO "We wouldn‘t pay nine per cent when we could have gone out any day of the A settlement was reached earlier this year which reduced the city‘s payments by more than $82 million over the term of the agreeâ€" ment; and brought the facilâ€" ity‘s controversial price tag down to $145 million. "We wouldn‘t have done business with MFP." Stockie In reality, the interest rate sat at about nine per cent, which more than doubled the cost of the park from $113 million to $227 million. "I wouldn‘t risk my 27â€"year career, my reputaâ€" tion or my family‘s reputaâ€" tion... to help a company make money off (this city)." Stockie also admitted, in hindsight the city should have sought advice from external experts on the terms of the agreement when, he alleges, MFP quotâ€" ed an interest rate of less than five per cent. Wâ€"K mennonite Church 15 George Street, Waterioo relationship with Robson, claiming city officials are encouraged to build relaâ€" tionships with corporate partners. "The relationship that 1 saw was a beneficial relaâ€" tionship, number one for the city because we were dealing with a company (MFP) that had a limited appetite for financing major projects, and I knew we had a number of major proâ€" jects," he said. "In no way did we, or I personally, try to benefit MFP or Mr. Robson in any way in any of these discusâ€" sions. at 10:00 am. St. Mark‘s Lutheran Church B25 King Street West, Kitchener October 2 September 28 Inquiry hears details of Stockie‘s ‘social relationship‘ with RIM Park financier Continued from page 3 FOR HUMANITY WATERLOO REGION INC. Habitat for Humanity Waterloo Region is looking for potential Partner Families in the Kitchenerâ€"Waterloo and Cambridge areas who are in need of decent, affordable homes. www.habitatwaterlooregion.on.ca Maximum Family Size Income 2 people $21,368 3 people $26,577 4 people $32,169 5 people $35,959 6 people $39,750 7+ people $43,541 Minimum fami‘y income is $20,000 To determine income please use Line 150 from your most recent tax returm How do you know if you are eligible to apply for affordable housing? Just check the low income cut off (LICO) chart below. ARE YOU ELIGIBLE? "I personally look forâ€" ward to the recommendaâ€" tions of this commission as input to this important process." "We as an administration will dedicate ourselves to examining and improving our administrative processâ€" es so this will never happen again. "I want to take this opportunity to express my regret to the people of Waterloo for what has hapâ€" pened. It is devastating, not just to our administration, but it‘s devastating to the community, and it‘s devasâ€" tating for many communiâ€" ties in the province. _ The inquiry resumes at 10 a.m. Oct. 9, at RIM Park. week and gotten less." Though Stockie acknowlâ€" edged the city failed in conâ€" ducting certain due diliâ€" gence into the agreement, he stressed there‘s a comâ€" mon thread between Waterâ€" loo‘s deal with MFP and similar financing agreeâ€" ments made through the company with other municâ€" ipalities in the province â€" some of which are now also being legally questioned. "The common thread is MFP and Mr. Robson," Stockie said. itself. "I wouldn‘t risk my 27â€"year career, my reputation or my famâ€" ily‘s reputation... to help a company make money off (this city)." A Hand Hp The result speaks for â€"Tom Stockie Waterloo CAO

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