Northam Industrial Park is managed by the Town as a separate entity and able to provide a dividend to the Town; this is like Holdco which is the holding company for the Electricity and Water Utilities.  In 2017, the Town was paid $241,000 from its investment in Northam.  In a report to be provided to Council at their Committee of the Whole meeting on September 4, there is no prediction of how much of the large profit will go to the Town.  The profit before amortization for 2018 is expected to be $2,700,000 but most is expected to be paid to reserves (already $1,000,000) as “suggested in the soon to be completed asset management report”.  A good part of the… Read complete articleReport on Northam Industrial Park – 30 June 2018