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economist suntribune municipalities saturday july 13 2002 pat robinson inc trustee in bankruptcy call for a free personal discussion help with creditor problems proposal to creditors pat robinson trustee personal business bankruptcy aurora 15105 yonge st 201 aichurch 905 7272577 richmond hill 9555 yonge st 401 at weidrick 905 5089493 toronto north 45 sheppard ave e 201 at yonge 416 4106648 toronto downtown 150 york st 800 at adelaide 416 4106648 toll free 18777272577 email patpatrobinsoncom web wwwpatrobinsoncom trails outdoor gear and bicycles huge stock clearance je a upo 3 off adult mountain bikes noreo wuuf freestyle bmx reg 329 haro revo freestyle bmx 344 reg 449 asthma we can help call the lung association wwwfraiisoutdoorsca 9055087077ioi33 yonge st gg ilng association this message broughtto you as a community seryiceot the economists suntribune join for fs david patchellevans founder and ceo of goodlife fitness clubs will ensure our associates help you pick a fitness program or sport of your choice at the club lose weight fast combine it with your regular fun summer i activities and soon you will look and feel great theres m plenty more to do we have hundreds of ways to help you enjoy your summer call us today f i t n e s c i u b s new location now open 905 4759288 3389 steeles avenue east coed 905 2016753 200 bullock drive women only inside loblaws nominal dues administrative fees apply offer ends july 31 2002 s vi towns wait for money from province from page 1 have just started to address the problem and theyre finding they have no money to pay for it maybe theyre waiting for a new deal from the provincial and federal govern ments or theyre selling their hydros as well as providing for existing infra structure mr elliott said the town must also start saving now for the mainte nance of each new facility it builds if were looking at a new arena that will cost us an extra 90000 a year which must be set aside so when the roof goes weve got the money ready for it he said mr elliott said a contribution from the 141 million sale of richmond hill hydro is only a partial solution the town must find a longterm answer aurora has just started to address the problem and intends to spread the cost over the next three years according to finance director allan evelyn its a challenge he said currently there is no provision for any kind of depreciation or contribution to the rehabilitation or replacement of those assets and it will certainly be a compo nent in this next budget cycle to begin to address those challenges though he didnt have an exact fig ure he said the cost of setting up a reserve repair fund will be high it will be significant and i suspect council will want options on phasing this type of a program in because to address this in one year is not fiscally responsible or even a likely option mr evelyn said it was unlikely higher levels of government would fund repairs to existing infrastructure joel lustig manager of financial planning in markham said the town spends more money every year on infra structure and has increased significantly the amount of tax revenue applied to maintenance and supply programs every year the town applies the first 25 per cent of all assessment revenue it collects from new residential commer cial and industrial properties to those programs in 2002 125 million in taxes was put toward capital programs an extra 500000 over the year before its not a crisis but it is a concern so realizing there is an aging infra structure we realize more funding needs to be applied to it he said for the most part he said the town will deal with repairs on a onebyone basis over the last two years the town has been putting a lot of money into its road replacement fund he said about 10 kilometres of roads are added to the town every year we realized the amount of money we had in previous years for asphalt resurfacing program wasnt sufficient to deal with the growth in the municipality and we put more money into it he said its one of those challenges most municipalities face and we address them the best we can georgina cao stan armstrong said aging infrastructure was not a major problem facing the town its not a crisis but it is a concern the one advantage is were not faced with replacing all our infrastructure at the same time he said adding the town plans to accrue funds over time to make repairs as theyre needed