News

Terrace-based logging company settles up with city

YAORUN Wood, the log export company working out of Terrace who had fallen behind on three months of payments to the city for the log sort yard they lease on Keith Ave. squared up that and other debts this week.

On Nov.1, the city confirmed they had received a cheque for the outstanding $30,000 in lease payments, and were no longer considering actions against the company.

Previously, Mayor Pernarowki had said that continued nonpayment would result in the city taking back the lands and seeking to lease it to a different company.

Also last week, on Oct.30, YaoRun payed back the full $586,000 in stumpage fees it owed to the provincial government in response to the ministry of Forests, Lands, and Natural Resources having seized what they estimated was $2.3 million worth of logs from the Terrace yard.

With the seizure notice lifted, the company can continue preparations to ship logs overseas, which YaoRun operations manager Xinchen Song said earlier this month would begin mid- to late- November.

 

 

 

We encourage an open exchange of ideas on this story's topic, but we ask you to follow our guidelines for respecting community standards. Personal attacks, inappropriate language, and off-topic comments may be removed, and comment privileges revoked, per our Terms of Use. Please see our FAQ if you have questions or concerns about using Facebook to comment.

You might like ...

Human Rights Tribunal rejects smart meter complaint
 
Amateur photographer contest winners announced
 
Trains will roll, whenever
BCTF touts deal in email to members
 
Bear dances with flag at Fairmont
 
UPDATE: RCMP confirm family connection in fatal accident, but not releasing names
Okanagan: Light up the night
 
Mount Polley dike completed, investigators move in
 
Work underway to raise first totem pole in Gwaii Haanas in more than a century

Community Events, September 2014

Add an Event

Read the latest eEdition

Browse the print edition page by page, including stories and ads.

Sep 19 edition online now. Browse the archives.