North Shore News April 29 2016

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FRIDAY APRIL 29 2016

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NEWSSTAND PRICE

PULSE 13

Listen to your mother

Lynn Valley blogger Karen Barre reading at event LOOK 23

Frankenstrap

Ian Chung bringing his creations to Pipe Shop TODAY’S DRIVE 33

Toyota 4Runner 2016 SUV hauls a lot of value NORTHSHORENEWS

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Fraudster bilked NV business of $400K JANE SEYD jseyd@nsnews.com

A Burnaby man who passed himself off as a certified general accountant then used his position of trust to defraud a North Vancouver business out of almost $400,000 should go to jail for between two and three years, a Crown prosecutor has argued.

BANNER DAY District of North Vancouver Mayor Richard Walton raises a flag at district hall that celebrates the municipality’s 125th year. The district has planned a number of festivities, including a summer parade and September wrap-up party. Details at dnv.org/125. PHOTO MIKE WAKEFIELD

Arthur Tat-Yue Wong, 52, drove around in a Porsche, went on vacations to Disney World and Las Vegas, and managed to get a mortgage approved on a home in Burnaby worth more than $775,000 – all while using the company he worked for as his personal piggy bank, prosecutor Ian Hay told a judge Tuesday. “He obtained a job he wasn’t qualified to do,” said Hay. “He took from his employer whenever an opportunity arose.”

See Fraud page 4

MUNICIPAL BUDGET 2016

Property taxes going up 3% in DNV

BRENT RICHTER brichter@nsnews.com

District of North Vancouver property tax rates are going up three per cent this year.

District council passed its 2016-2020 financial plan, including its operating and capital budgets Monday night. For a typical homeowner who saw their $1-million home assessed the average 15.7 per cent higher in 2015, that should amount to a $60 increase in their municipal taxes. The cost will

Inflation, aging infrastructure, climate change driving costs be disproportionately higher for homeowners whose property assessments grew beyond the average. Residential property owners will be expected to pay $2.11 for every $1,000 in assessed value on their homes (although that does not include utilities or taxes going to Metro

Vancouver, TransLink or the North Vancouver school district). The district is anticipating water, sewer, recycling and garbage pickup to cost $1,541 for single-family homeowners. By comparison, the District of West Vancouver’s tax rate went up by 6.87 per cent and the City of North Vancouver’s went up 3.9 per cent. Of the three-per-cent increase, two per cent will go to inflationary costs in the district’s operating budget, largely due

See Finances page 5

p e r s o na l r e a l e s tat e c o r p o r at i o n

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$3,998,000 REMAX MASTERS REALTY 1453 Bellevue Ave MASTERS REALTY West Vancouver, BC V7T 1C3

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