BUSINESS The Castlegar Sun WEDNESDAY, December 20,1995 B2 ew pub set to open TRENT BANCARZ Sun Editor A new neighborhood pub could be open by mid-February, Says its owner. Pat Rilkoff, owner of Gardeli's Eatery in the Columbia Plaza, Says he expects final approval for the pub from the provincial liquor board by early this week. The pub would be located beside Gardeli's in the plaza. At its meeting last Tuesday, Castlegar City Council passed a tesolution saying the city had no Objection to Rilkoff being granted @ liccuce for the pub. The city had received public input, both in let- ie sip xfs ef oy os fe he ape she ahs aps ale ops ahs os Ss oe ae ter form and at a Nov, 21 public meeting, and considered more people were in favor of the devel- opment than opposed. The resolution also stated council believes the pub will have minimal impacts to nearby busi- nesses, parking is adequate, traf- fic patterns would be largely unaffected and noise to nearby residential areas would be mini- mal. The resolution passed by a 6-0 vote. Councillor Kirk Duff was absent. The provincial liquor board had given previous conditional tance, Rilkoft says final liquor board approval “is:a mere formal- ity,” The pub will have 65 seats, 20 board to grant the licence.” As for the public hearing in November, Rilkoff said he belives he's addressed opposing of which are king, and will contain several television screens, a pool table and dart boards. Live entertainment will be restricted to six nights per year on special occasions, The new pub will employ 10 people. The pub also marks a ground- breaking of sorts. It's the first one in the province which is located in the centre of a mall. Previous- ly, drinking i were * concerns. But he was unhappy with opposition from competing establishments, “I've pursued this based on support and urging from a lot of people in the city who wanted this type of establishment here,” said Rilkoff. “There's nothing else like it in the city right now. The residents nearby have legiti- mate concerns and I think I've d those, only allowed at either end of a mall or i laza. PI for the pub, depend on public and the city’s accep- Monry Christmas & an Entrepreneurial New Year from The Staff & Directors of Community Futures Development Corporation of Central Kootenay (formerly KREDA) Our office will be closed from December 23, 1995 to January 2, 1996 i 3% GFDC The answering machine will be checked for messages - CALL 352-1933 as reas oh sh oe oe he a sadly considered, cancelling Christmas. “Pudding and Nonsense!” declared Mrs. Claus. “The bus can take you where you need to q December 22, 27, 28, 29 REGULAR SERVICE December 23, 24, 25, 26, 30, 31 & January | No SERVICE ~ Re Transit onal District ntral Kootenay term plans Sale Ends Ni WAS WORRIED. The Sleigh was broken and the elves couldn't fix it in time. Santa Season's GREETINGS PROM ALL THE STAFF AT THE CASTLEGAR REGIONAL Transit System. HERE IS OUR HOLIDAY SCHEDULE FOR THE COMING SEASON. TRANSIT INFORMATION 365°3100 On selected Dec. 30/95 Canada's ee ae pping Pp “It's only persistence which has allowed me to pursue this,” said Rilkoff. “I spent a lot of time and money getting the zoning changed and getting the liquor “But I was dismayed by the way the competition came * Rilkoff added his new pub would generate roughly $250,000 in salaries and wages for the employees. Electrical firm to build and expand TRENT BANCARZ Sun Editor family residential. The amend- ment rezones the land to service A 9,100-square foot electrical warehouse and retail building has been given the green light. Martech Electrical was given the go-ahead by city council at its meeting last Tuesday to construct the store and warehouse on the corner of 6th Avenue and 24 Street. The building will house Westco, a Kelowna-based distrib- utor, wholesaler and retailer of electrical supplies. To make the store a reality, council passed two bylaws. One Council held a public hearing on the development Tuesday, but no intervenors showed up.~ Council also approved the building permit, but attached a condition the building be aesthet- ically pleasing and fit in with the character of the neighborhood. “T'd like to see a building with some color and not just a big, Glance Thought for the week Do not follow where the path may lead. Go instead where there is no path and leave a trail. Scholar Mitch Stoochnoff, son of Bill and Cathy Stoochnoff of Shore- acres, recently received a bursary from International Forest Prod- ucts. Stoochnoff, a SHSS grad, ived a diph in Busi Administation from Selkirk College and then enrolled in BCIT where he is in his final year in the Wood Products Engineering Technology. Emergency opening Pharmasave will be open on Christmas Day, Dec. 25 from noon to 1 pm for emergency prescriptions and last minute needs. On Boxing Day, their Sunday hours, 11am-3 pm are in effect. Santa's helper Merv Rush, the Castlegar contact for Santa's pre~Christmas vis- its reports that Santa had a busy month here before heading back to the North Pole. Beside his visit with children at the Train Station Mi on Dec. 1, (where 100 children came to see him), Santa metal building,” said C Doug Green. “We don’t want it to stick out like a sore thumb.” Council voted to leave the build- amended the Official C y Plan Bylaw to allow “small-scale warehouses and wholesalers” in the South Castlegar Transition Area. The other bylaw amended the city’s Zoning Bylaw, The proper- ty previously had been two sepa- rate lots, one zoned light industrial and the other single ing’s app to the di of the city’s development officer. The expanded business would employ six people fulltime. All but one will be hired locally. A construction or opening date was not known by press time Martech owner Mario Dibella was unavailable for comment Liquifying your assets BRUCE MORRISON _ For The Castlegar Sun Liquidity is a simple but important financial planning con- cept that should be a part of everyone's portfolio strategy. In Call 365-2104 for information Siloer Rattle ANTIQUES Come in ard browse among. Greasares of the past Tith Ave. Communications Stores financial planning terms, liquidity refers to the ability to quickly convert investments and other assets to cash. Now, converting your investments to cash is not something you would be doing often—since your portfolio visited several schools, businesses and generally kept his list cur- rent of those who were naughty and nice. The Kiwanis Club were also instrumental in sponsoring Santa’s visit while Williams Mov- ing and Storage provided the boxes for the toys and food for the food bank. Now open Annie’s Desserts and Cappucino has opned on 4th St. between Horizon Computers and Machado's Grocery. Adding responsibility Community Banking Manager, Laurie Renwick, has taken on responsibilities as the branch manager for the Castlegar branch of the Bank of Montreal. Salespeople of month Congratulations to Mike Garvin of Castlegar Mazda and Rick Wright of Kalawsky Pontiac GMC, November car salespeople of the month. New businesses The city of Castlegar reports that three licenses were issued to new businesses in November. Welcome to: Warfield Electric of Trail, an electrical contractor, The Crockett Book Company, a should be focused on a | te Strategy. However, there are good reasons—such as financial emer- gencies and major, short-term purchases—to have at least a por- tion of your portfolio in invest- ment vehicles which can easily be converted into cash. Cash, or investments that can be converted to cash immediately or within a few days, are known as “liquid” assets. Examples are government savings bonds, Trea- sury bills, term deposits, actively traded stocks and bonds, most mutual funds and convertible (or redeemable) Guaranteed Invest- ment Certificates (GICs). Of course, the most liquid invest- ment of all is cash on hand, or in the bank. Investments that can't be readi- ly sold, or that can only be sold quickly at fire-sale prices, are generally known as “illiquid” or “low-liquidity” investments. These include real estate, locked- in GICs, collectibles and works of art and thinly traded stocks and bonds that may be difficult to sell. As an investor, it’s also impor- See ASSETS B3 ; and Metro-Sunlake Projects Ltd. of Kelowna, a build- ing contractor. New business Crockett Book Company very quietly opened in the Columbia Plaza in November. They have a good selection of current hardcov- er and paperback books as well as newspapers and magazines. Their extensive selection of non-fiction titles makes for excellent browsing! Last chance The Castlegar Heritage Society has a few Heritage Calendars left. At $5. each they are a great last minute stocking stuffer or gift for former Castlegar residents. The Railway Museum is open Mon- day to Saturday from 9 am to 5 pm. And, don’t forget to enter the calendar contest and you could win a Nokia Cellular phone! Details in the calendar. Copies available Hall Printing’s offices in Castlegar and Trail will be open Dec. 27, 28, 29 for photocopies and inquiries. The commercial press though will be closed until Jan. 2, 1996 so be sure to get your busi- ness cards, flyers and letterhead orders in quickly! Adding value Classic Interiors of Castlegar, located on 6th Avenue will be the area representative for Pacific Homes of Surrey. Pacific Homes is a manufucaturer of engineered homes with almost 100 pre-made plans or they'll design it to your own specifications. The advan- tage? It comes to you as a comp package, ready to with all the wood, drywall, insulation, windows etc. along with instractions for the builder! Cc grounds 7 Va BIG WHITE MOTOR LODGE tuo KELOWNA Gad OO CHRISTMAS @D SHOPPER'S SPECIAL Rooms * Per Night re SBOE. Ask about our SKI packages RESERVATIONS 1-800-663-8603 1891 Parkinson Way, Kelowna, B.C. V1Y 7V6 Common Grounds is the name of the new coffee and snack bar at the Castleaird Plaza. Raquel Greene is the owner/operator and expects to be soon. She'll be serving soup, sandwiches, desserts and a wide selection of coffees, lattes, cappucino’s etc. She's plan- ning on being open from 7 am to 11 pm everyday. Helping others The latest issue of Selkirk College's In Print notes that the Castlegar Food bank was the benefi iary of an October student scavenger hunt sponsored by the Selkirk Student Association. Housing steady Overall BC's housing market remained steady in October how- ever the Kootenays actually showed a 4 per cent increase over the same three month period in 1994. In August and October there an II per cent increase in residential sales, while Septembe showed a 10 per cent decrease over the same months last year, Wednesday, December 20, 1995 The Castlegar Sun Page B3 Oh! Christmas Tree - From left, Cora Angerilli, Vi Stoushnow and Jeanette Horning marvel at one of the trees during the recent Selkirk College Festival of Trees fundraiser. The tree was decorated by A Touch of Elegance and sponsored by West's Department Store. PHOTO Tracy Konschuk of The Trail Times = bw @ Assets tant to maintain a degree of liquidity. This enables you to quickly generate cash to take dv of new i ities. It i also gives you some of the flexibility you" need to make portfolio adjustments as your personal circumstances change. through low cash flow periods. If you have substantial debts, you'll also need cash to pay them off. Also, it’s essential to have cash, or assets that can quickly be converted to cash, for emergency purposes. If you become ill and are unable to work or face an unexpected fi burden, you won't want to have to Obviously, your individ i play a role in how much financial liquidity you need. If you're planning a major pur- chase—such as a house—in the near future, you'll likely want to maximize your invest- ment liquidity. You also may require higher-than-average ' liquidity if you operate a small business with an unpredictable cash flow. In that case you should have cash assets available to help you Helen Gorkoff On Sunday, Dec. 10, 1995, Helen Gorkoff of Castlegar, B.C. (formerly of Robson) passed away at the age of 77 years. Funeral service was held Wednesday, Dec. 13, 1995 at the Castlegar Funeral Chapel from 10 a.m. until noon with burial at Park Memorial Ceme- tery. Mrs. Gorkoff was born Nov, 6, 1918 at Brilliant B.C. She grew up in Brilliant and married William Gorkoff there on March 19, 1942. The family moved to Robson in 1951 and to Castie- gar in July of 1993. Mrs. Gorkoff was a member of the Robson ladies cooking group and enjoyed cooking, quitting, gardening and crochet- ing. She is survived by her hus- band William of Castlegar; one daughter and sonintaw, Ruby and Murray Fairley of Victoria and son’and daughter-in-law, Harry and Sheila Gorkoff of Bumaby; four grandchildren and one sister, Laura Reibin of Castlegar. In lieu of flowers, contribu tions may be made to the Can cer Fund, Box 3292, Castlegar, B.C. or the Interior Alzheimer Foundation, Box 1423, Station A, Kelowna, B.C. ViY 7V8. Funeral arrangements were under the direction of the Castlegar Funeral Chapel. liquidate hard-to-sell assets. As a rule, keep i of three-t months the eqi in liquid assets. As well, when you're retired, you'll require more liquidity because you'll be drawing on your savings as income. Be aware that there is a price to pay for liq- uidity. In most cases, cash and investments that can be quickly converted to cash will pro- Christmas Specials ZS We Have a Great Selection of Beautiful Poinsettias on Sale Give as @ Gift or Brighten Up Your Home. Drive Away with a Christmas Tree Today. Columbia Valley Greenhouse Old Waneta Road Just Past Waneta Toyota 368-& 1 91 I -_ > P 3 (Cas., Nel, Trail) Dr. MC Salmon West Kootenay Power Led Festival Star ‘Sponsors Meo Li. The Selkirk College Foundation and the Festival of Trees Committee express sincere gratitude to the following for their generous support for the 1995 Festival of Trees. Many thanks to the: * Thee, Wreath, Swag and Garland Decorators * Silent Auction ipusoselea contributors Frontec-an ATCO Company and a special Katherine Hutton thank you to all the volunteers who make an event like ‘ this so successful. duce lower returns than long-term invest- ments. However, money market mutual funds can be a very good tradeoff between liquidity and rate ofretum. There is also a price to pay for low liquidi- ty. If you need to quickly raise money you may not be able to sell enough of your assets and may have to borrow money. Or you may be forced to sell-some of your assets at much lower than market values. The best balance between liquid and illiquid invest- ments. You don’t want to be asset-rich and cash-poor. Nor do you want to forfeit potential investment gains by having all your cash sit- ting in the bank. plan then is to maintain a happy Auxiliary wraps up year MARGARET DAVIDSON For The Castlegar Sun The final meeting of the Auxiliary to the Castlegar Hospital for 1995 was held on Dec. 11, g the ig of Chri trees on the wards, with President Ruth Townsend in the chair. A letter of resig- nation from former president, Marion Burton, was read and accepted with regret. All members wish her a Merry Christmas and good health in 1996, 1995 was another busy and year for the In addi- tion to the day-to-day volunteer work in the Hospital, Gift Shop, Trea- sure Shop and Mountain View Lodge, members helped in such activities as the Tea and Bake sale at M in View, R. Day and donated non-perishables to the Legion Christmas Stocking Fund. In addition, we bought and donated an to the hospital. The Treasure Shop reported another great year and convenors wish See AUXILIARY B6 CLASSIFIED DEADLINE for the December 27 issue is THURSDAY, DECEMBER 21 A dream of asale 20 - 35% off all clothing Wear 1127 - 4th Street, Castlegar « IGA 100% B.C. OWNED & OPERATED REDEEM YOUR IGA CHRISTMAS TURKEY CERTIFICATES NOW... Your Christmas Turkey Could Be On Us!! | Fletchers Ready-to-eat Fully-cooked « Whole » Bone-n Partly skinned «3.26 ky $1 48 Kraft CHEESE BLOCKS Mild, Med. Old or Mozzarella + 907 g. $748 Grade ‘A’ or Utility ROASTING CHICKEN Fresh of frozen as available + 2.84 kg. 12? Purex White BATHROOM TISSUE 8 Roll ; $9 49 B.C. Grown, Canada No. 1 RUSSET POTATOES 10 Ib. bag $988 Korean Original MANDARIN ORANGES 2.5 kg. box * While supplies last $9 — While Quantities Last — Sale dates: Dec. 20 thru Dec. 23 2717 COLUMBIA AVE., CASTLEGAR + 365-5336 Le