Golden Star, November 13, 2013

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■ NEWS:

We Will Remember Them Guest facilitator talks about seniors ....................................4

■ COMMUNITY:

Starlight Soiree in the Roaring ‘20s ..................................14

■ ARTS & CULTURE:

Christmas Carol coming to Golden ..................................15

The parade marches towards the Golden Cenotaph for the Remembrance Day ceremonies on Monday November 11. See more photos on page 16. Joel Tansey/Star Photo

■ SPORTS:

GAI void not being filled next year Golden Cycling Club expands on trail ..................................17

Golden Star Staff reporter@thegoldenstar.net At the Town Council meeting on Nov. 5, it was decided that funding for economic development would be ceased indefinitely. The resolution to cease funding for Golden Area Initiatives (GAI) follows a recent letter received from the Columbia Shuswap Regional District confirming the position of Area

‘A’ Director Habart’s unwillingness to partner with the Town of Golden for the delivery of such services under a municipal “in-house” model. The Town estimates that without the assistance of the regional district, or access to the Economic Opportunities Fund (EOF) account, meaningfully funding an in-house position and operating budget would at least be in the range of $150,000 annually.

The EOF is a portion of BC Hydro’s annual payment in lieu of taxes to the district. For the past 10 years, GAI has been funded by a partnership between the two local governments to provide economic development services. Each has contributed approximately $85,000 per year from general taxation with another $100,000 sourced from the EOF. Continued on page 4


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