NEWS
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RE/MAX CORNWALL REALTY INC.
City must trim expenses to avoid titanic deficit
REAL ESTATE BROKERAGE • INDEPENDENTLY OWNED & OPERATED
649 Second St. East, Cornwall ON Office: 613 938-8100 www.REMAX-CORNWALL.ca
Large open concept w/plenty of solid oak cabinets, patio door to 2-tier deck. 3+1 bedrooms, main floor laundry, finished basement with gas fireplace. This is a must see. Call direct 613 551-7579 RAISED BUNGALOWWITH CURB APPEAL! 1765 CUMBERLAND ST., CORNWALL ON
Cornwall • $244,900
MLS J2617
Bernadette Atchison Sales representative Dir 613 551-7579
Cornwall • $199,900
Cornwall • $167,500
MLS J0573
Center town location, large brick, 2+1-bedroom bungalow, with main floor familly room. Fully finished rec. room, forced air gas, wood and electric. Many renovations. A must see! 118 5th ST. W.
Extra large 3-bedroom with in-law suite. All above- ground, no basement. Large yard, lots of parking. Gas heat and 200 AMP. Attached garage. A must see! Also for rent, a 3-bedroom and a 1-bedroom appartment. 420 PATRICK • BRING US AN OFFER!
Robert (Bob) Denis Sales representative Dir 613 551-2323
Cornwall • $304,900
MLS J2338
Cornwall • $184,900
MLS J2167
Photo Greg Kielec
Ready for move-in ready? Then this is the home for you! It’s got 4 bedrooms, large L-shaped living/ dining, huge family room and great basement which has just been refinished, it’s suited to great family living and entertaining. 1620 GRANT AVE., CORNWALL
This listing gives you so much for the price. It has four finished levels, lots of hardwood and ceramic floors, a garage and rear deck with awning. You’ll fall in love so hurry before someone else does! 108 HEMLOCK CRES.
Jacques Perreault Broker Dir 613 551-1793
City finance manager Maureen Adams, right, is forecasting a $658,511 for city hall based on the first six months of this year. Pictured left in Councillor Bernadette Clem- ent.
investment interest. The grim financial news was presented by Adams to city council at a grueling, six-hour session – two of those hours were in camera -- at city hall Monday night. “We are going to continue to monitor re- ally closely how we’re going to continue until the end of this year,” Adams assured council members. “So we will continue to monitor our op-
Here is your chance to own a completely finished condo located in Cornwall’s newest condo development. Gleaming hardwood and ceramic floors, walk-in closet and ensuite to master bedroom, media/den/office room with built-in Murphy bed. Underground parking, and insuite laundry facilities. OPPORTUNITY KNOCKS! 710 COTTONMILL ST.
Cornwall • $224,500
MLS J2151
GREG KIELEC greg.kielec@eap.on.ca
CORNWALL | Cornwall city hall faces a ti- tanic deficit unless it is able to trim spend- ing sufficiently by year’s end. A financial forecast by city finance man- ager Maureen Adams is predicting a deficit
erations closely in the coming weeks as well.” There is a bit of a silver lining in the grim financial news presented by Adams. The lower interest rates, detrimental to
of $658,511 at the end of 2012, based on numbers gleaned from the first half of this year. “We need some
Desirable downtown location, 2 bedrooms, 1 bathroom, underground parking and storage, elevator, security building. Across from Lamoureux park. AFFORDABLE CONDO! 121 WATER ST. W.
Cornwall • $160,000
MLS J2368
“We will likely have to look at making certain cuts in our operating budget.”
time to go back and take a look at how we can mitigate the deficit that we’re looking at,” Adams told city council. “We will likely have to look at making cer- tain cuts in our operating budget. We might have to look at some of our capital projects. We might have to look at certain items that we can defer to 2013.” The shortfall comes largely from a $600,000 anticipated drop in revenue from landfill tipping fees. The city had forecast $2.1 million in tipping fee revenue for this year. The city also expects to earn about $110,000 less in revenue generated from
Reina Leroux Sales representative Dir 613 551-1360
investments, will be “advantageous to the corporation” to finance major infrastructure projects completed in last year, according to the financial report. And the drop in tipping fee revenue means fewer loads of garbage going into the city landfill which will result a lifespan increase of the site. A report from administration will be brought to council at a future meeting outlining potential operating and capital reductions or deferrals to the city from in- curring a deficit.
OPEN HOUSE! SUNDAY, AUG. 26, 13 p.m.
S. Glengarry • $329,500
MLS J0492
6555 Tree Haven Drive (Off highway 2 between Summerstown & Lancaster)
Spacious maintenance-free 3+2-bedroom, 2-bathroom home on large well-landscaped lot with views of Lake St. Francis and the Adirondacks. Includes shared ownership in park-like Creekfront lot
Anne MacDonald Broker Dir 613 525-1130
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