> Lyle Killins honoured at Peach Kings game in Smithville /Pg 8 > Rick’s retiring, but Vik’s Meats tradition continues Pg 9 > Lincoln prepares for Lincoln Ave overhaul Pg 10 > Kinettes babsitting course set Pg 13 Thursday, January 16, 2020 Vol. 8 Issue 36
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Ambiguity leads to deferrment of delegation bylaw in Lincoln By Tristan Marks NewsNow Lincoln Town Council deferred a decision on updating the municipality’s system for delegating authority at its meeting Monday. Council was presented with a report which recommended expanding and updating the scope of authorities which council could delegate to staff. The matter was being reviewed because the Town’s existing delegation of authority bylaw from 2007 was “not clear, transparent or accountable,” according to a presentation made by the Town clerk, Julie Kirkelos. Included with that report was an appendix which detailed a list of specific duties and powers which staff suggested be added to See DEFER, Page 5
Are you not entertained?
This masked competitor (who sounded suspiciously like Food Network celebrity, Kevin Brauch) was a surprise final addition to the barrel rolling contest on Friday at the Twenty Valley Winter WineFest. For more coverage, please turn to Page 6. Photo by Tristan Marks
Grimsby may extend GPI promissory note one year By Mike Williscraft NewsNow The Town of Grimsby’s most positive connection to its hydro holdings may get another year added onto a 20-year agreement. Grimsby’s Administration and Finance Committee voted Monday night to extend the life of a promissory note set Feb. 1, 2000 with its
Grimsby Power Inc. (GPI). The promissory note was developed to allow for maximimum financial benefit to the Town as opportunities to invest for a municipality are tightly controlled to ensure safety of the public purse. The promissory note yields an interest rate of 4.54 per cent, as determined by the Ontario Energy
Board’s (OEB) deemed cost of capital for long-term debt. The total amount of interest collected on the note since its inception in 2000 is nearly $6.4 million dollars, said Grimsby’s director of finance, Steven Gruninger. In his report to the committee, Gruninger noted the interest rate, which was last adjusted in 2017, will
be adjusted again in 2021. “If the extension is granted, nothing will change, and the Town will continue to collect interest for another year at a rate of 4.54 per cent, or $262,537. The Town is not currently in need of the funds and the interest that will be earned on the note for the next year is higher See INTEREST, Page 3