Winnipeg Free Press

Winnipeg Free Press (Newspaper) - December 5, 2008, Winnipeg, Manitoba C m y k Page a6 a 6 Winnipeg free press Friday december 5, 2008 Winnipeg Winnipeg repress. Com 200 Princess st. 942 1177 automotive auction saturday dec. 6, 2008 10 am 7130 Roblin blvd. This Sale approx 150 other vehicles some subject to Reserve Many safety certified cars and trucks 2006 Dodge caravan 2002 Ford Crown Victoria 2001 Chev Silverado 2500 he Crew cab 1994 Toyota 4 runner 1997 Ford explorer 1999 Mercury Sable 2004 Chev Malibu 2002 Ford f150, 2003 Pontiac Montana ext 1998 Pontiac gunfire it 2001 Ford f150 fx4 super cab 2007 Ford f350 super duty super cab 2006 Ford free Star be 2005 Pontiac grand am be 1993 Cadillac Seville its 2006 Ford f150 Alt super Crew 1995 Plymouth Neon sport 1999 Dodge ram 1500, 1993 Audi 90 a 2001 Pontiac grand am 2000 Hyundai accent it 2005 Chev Equinox is 1998 Chev Malibu 2001 Pontiac grand am it 2004 Pontiac Bonneville 2005 Hyundai Santa be 1994 Lincoln town car Cartier 2003 Hyundai accent 1998 Pontiac gunfire 2000 Ford Taurus be 1996 Plymouth Breeze 2004 Chev Impala is 1998 Olds intrigue 2005 Chev Silverado ext cab 1996 Olds eight less 2003 Oldsmobile Aero 1996 Chev Cavalier 1997 Mercury mystique 1995 Honda Accord sex v6, 1998 Ford contour go 1999 Dodge Neon 1995 Pontiac grand am be 2002 Chrysler Sebring 1991 jeep Cherokee Laredo 1999 Chrysler intrepid 2000 Pontiac gunfire 1996 vow Jetta 2003 Olds Silhouette Gas 1999 Dodge grand caravan be 1997 Chev Lumina 1992 Dodge Dakota club cab 2001 Oldsmobile intrigue go 1995 Chrysler intrepid 1997 Plymouth Neon highline repossessions 2003 Pontiac gunfire 2007 Pontiac Montana sv6, 2007 Pontiac g5 2 or. Coupe 2005 Nissan sentry be 2004 Dodge grand caravan 2007 Kia Magenti la v6, 2002 Chev Monte Carlo is 2008 Pontiac g6 Sedan 2004 Dodge ram 1500 set Crew cab 4wd, 2006 Dodge grand caravan 2005 Dodge so 2.0, 1999 Saturn sw1 specials 2006 Polaris 900 fusion 2007 30 it Palomino Puma travel trailer 2005 Polaris 900 rms. Subject to additions and deletions. Auctioneers note auction school held every Sale 15 minutes prior to the auction. Many vehicles sold for the Canadian diabetes association and teen Challenge of Canada. Viewing Friday 8 a. M. 7 p. M. Saturday 8 a. M. Till Sale time for fax list Call 895 9790 300.00 Cash Deposit required on vehicles at time of Purchase. Associated Auto auction 7130 Roblin blvd. 895 9790 wow. . Com                                                                                                                                               " # $ %  & $         "     ,.   / /   0 0                  1           i f your personal Fortune plummeted along with the Stock Market this year then prepare to get a Little envious of the City of Winnipeg. City traders Are expecting to Rake in $ 4 million by the end of the year which is $ 3 million More than their 2008 target of $ 1 million in investment Revenue. The 400 per cent improvement on expectations is the biggest reason Winnipeg expects to Post a surplus of $ 8.5 million at the end of 2008, City councils finance committee was told on thursday. And the Windfall comes during a year when millions of Canadian investors saw the value of their portfolios plunge thanks to North american Stock markets that lost 35 to 40 per cent of their value. Were Happy to see this return on our investment. It does not happen every year Winnipeg chief financial officer Mike Ruta said thursday after giving City officials the Good news. Winnipeg employs two full time traders who Are told to make Money using conservative investment vehicles such As government Bonds and Treasury Bills and avoid volatile investments such As stocks. Normally the Stock Market outperforms Bonds and t Bills. But since interest rates fluctuated throughout this very volatile year Winnipeg did Well by making Short and medium term investments Ruta said. Ordinary people however would find it hard to copy the Cit yes strategy. Winnipeg was Only Able to be conservative and win big because it has a massive amount of Money to play with. Obviously the Cit yes strategy was very conservative and it paid off in the worst Bear Market imaginable said Tony Demarin president and chief investment officer of Rcv asset management. But in order for you to generate $ 4 million in interest Yourd have to have an enormous amount of capital. Also helping Winnipeg Gas Bottom line in 2008 was a Lack of snowfall which could save As much As $ 2.1 million on Snow Clearing costs by the end of the year. And the Winnipeg police service collected $ 1.9 million More than it expected from red Light cameras thanks to increased fines As Well As new cameras at Road construction Sites. This is not necessarily a Good thing because people Are flouting the Law Elmwood coun. Lillian Thomas said thursday before she and st. Norbert coun. Justin Swan Del voted to ask Winnipeg police chief Keith Mccaskill to look into the possibility of setting up even More red Light cameras next year. They ave proven to be an effective method of deterrence Swan Del said. Any excess red Light camera Revenue represents a huge turn around for the traffic enforcement program which was mired in controversy As recently As 2006, when the City auditor found police botched the original contract to the tune of tens of millions in potential Revenue. But the chair of councils Protection committee promised there will be a Long serious discussion before any More red Light cameras hit Winnipeg Gas streets. If we were to unilaterally expand the program people will be very upset As there Are a lot of people who have problems with cameras in construction zones said st. Vital coun. Gord Steeves. If Winnipeg indeed ends up with an $ 8.5 million surplus at the end of 2008, All the Money will be transferred to the Cit yes fiscal stabilization fund. The surplus is projected even after the City Grants $ 1.2 million to the Assiniboine Park conservancy places $ 2.5 million in a Winnipeg convention Centre expansion fund and transfers $ 2.1 million to a Snow Clearing Reserve. Bartley. Kives free press. My. Ca where did the extra Money come from higher than expected hotel taxes red Light camera fines and investment Revenue As Well As lower than expected Snow Clearing costs. Pending Council approval $ 1.2 million to the new Assiniboine Park conservancy $ 2.5 million to expand the convention Centre and $ 2.1 million to the Snow Clearing Reserve. Projected 2008 surplus after these transfers $ 8.5 million. And where will that Money go to the Cit yes fiscal stabilization fund which should be 10 per cent As big As the operating budget. Investments boost City coffers big time expected to bring in $ 3 million More than targeted by Bartley Kives City Hall gets a Windfall projected City surplus by the end of 2008 $ 14.3 million on a total operating budget of $ 768 million. Where some of that Money is going obviously the Cit yes strategy was very conservative and it paid off in the worst Bear Market imaginable Tony Demarin president and chief investment officer of Rcv asset management a 06_ dec 05 08. Ind a6 12/ 4/ 08 8 38 20 pm ;