Well the good news keeps on coming, the Mayor's latest Corner is out (available on the municipal web site link on the side of my blog). The optimistic side of me says that he's basking in the long sunny days of summer has put him in a better mood. There are no attacks on the "Caver's", "wannabe's" "old boys club" or any other group that disagrees with him. The pessimistic side of me thinks that it's only two months before the election and that he is attempting to set the table for that event.
Any way I have to give this man credit in the sense that he is now putting the positive spin on every thing he can on the hotel deal and other issues. You wouldn't have thought it but soon we will actually be in a better position to move ahead on this project. As one of my readers keeps reminding me "which years snow fall was he talking about.
"Our hotel project is moving forward again. The Council approved the moneys necessary to maintain our ability to build a Best Western hotel and to proceed with the demolition of the old hospital and centre. We should see the demolition begin in September. These moves will place us in a better position to attract new investors/developers, recoup our investment, and hopefully see our hotel under construction next year at this time."
On to the issue of Insurance and all the excitement over potential decreasing rates this is what the Mayor has to say in his corner.
"We are beginning to see results from some of our long term planning. The Director of Protective and Community Services, Mr. Albert Headrick, informed the Council that as a result of the restructuring of our fire services and providing more efficient fire services our community rating (provided by the Canadian Insurance Underwriters) has, and is improving, and within a years’ time our commercial/residential fire insurance costs should stabilize or perhaps be lowered. A full report will be upcoming on our website."
Councilor Gallant goes on to say the following on his blog about the same issue:
"While every insurer will be different, I would suggest that public/commercial property owners ask to review their building insurance policies as they should be able to realize some savings."
"While there is no guarantee at this moment that policies will change, insurers will be hard pressed to justify the current rates based on this new rating".
"Assuming that the Fire and Rescue Department is able to keep up with their current operational protocols, Underwriters will improve our rating to 2 out of 5 for urban areas. This should, in turn, be realized in savings to residential property owners."
I would encourage every home/business owner to contact your Insurance brokers and question how these new ratings will affect your own policy. While your on the phone with your Insurance company ask them which bracket your property fell into prior to our new rating (protected, semi protected or un-protected) and ask them which category you will fall into after the new rating.