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Council turns down First Bull's request tor permit application extension The $230-million uptown redevelop- ment agreement between the City of Waterloo and the First Gulf Development Corporation isn't dead - yet. However, if First Gulf fails to submit a complete building permit application to the city for 80.000 square feet of land by Aug. I, the existing agreement will become null and void. Waterloo council voted Monday night to take no further action with regard to the existing agreement the two parties entered into almost two years ago. Termination of the deal would mean the parties would remain bound onlytby the current Waterloo Town Square park- ing agreement which requires the city to provide 600 parking spaces for the mall. including 55 spaces on the Caroline Street parking lot. until the year 2028. Not exactly the outcome First Gulf was hoping for when the company approached council. requesting the dead- line to submit its nrst building permit application be postponed to Dec. 1. If the request was approved, it would have been the second extension given to the company within a year. Last fall, council agreed to postpone the suhmis- sion date from Dec, l. 2000 In Aug. I, 200I. -7 "I wouldn't want to see the core tied up like it has been for the past two years," said Court. Brent Needham. You said it WATERLO (1clfIR0lilllclLE Looking for a new or pre-owned BMW'?) WHAT'S INSIDE BY ANDRFA BAILEY Chronicle 'ec I m Lvttlrt2lli"ilNlllilll" , 527 King St. N. WATERLOO (519) 885-5090 Continued on page 2 Come to Canada's Benchmark BMW showroom 12 WEDNESDAY, JULY il, 2001 . WATERLOO, ONTARIO Campers taking part in the first week of the University of Waterloo's Arts and Computer summer camp did a special balloon release last week, which included the children's names and e-mail addresses. The campers hope that anyone who recovers a balloon will eventually contact them, Releasing balloons were Aliza Rana, seven, Brianna Begg. six. and Erin McQuay, eight. Serving your community since 1856 99 red balloons tty by $1 INCLUDING GST IO} - "DVD WAMOO PiJBt.te LDHA RV Hick here Resident tttttt"tttg red over green ttttttt A Waterloo resident is seeing red over the green fee _ structure Waterloo council il approved Monday night for the new Grey Silo golf course at RIM Park. Rick Williams said that for a public course, the rates the city is demanding for a round of 18 holes are ridicu- lous. "This course is supposed to be for everyone, so every- one should be able to afford to play there," he said. "For a municipal course, these rates are just not reason- able" When the course opens this September, a round of golf will cast $45 from Monday through Thursday, and $50 from Friday to Sunday, as well as holidays. Brad Duench. executive director of golf operations at Grey Silo golf course. said the approved rates are com? petitive with other courses. Saab at Kitchener 1lhttttrttm _ 663 thon'a St N. 744-5811 Princess Cinema' Murray's Clothing" ‘Sobaad Manon th Mom Bum Aihr2rrri_cltr, Staff Continued on page 2 Atom I