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THE CORPORATION OF THE
CITY OF PORT COQUITLAM

REPORT TO COUNCIL

November 10, 1994

T. Chong
City Administrator

S. Rauh
City Clerk

SUBJECT: Sale of City Property - 2506 Pitt River Road

RESOLUTION:

Whereas the land hereinafter described is not required for municipal purposes, nor is it reserved
or dedicated, now therefore be it resolved that:

Remainder 8, District Lot 174 and 289, Group 1, New Westminster District, shown
on registered Plan 9069 , included within the heavy outline of a reference plan
certified by Robert M. Resse, British Columbia Land Surveyor, and dated the 29th
day of April, 1994, a copy of which is attached hereto, will be sold to Group of
Bight Developments Corporation, 56088 First Avenue, Market Place, Vancouver,
B.C, V5M 489 for the sum of $78,911.50.

And that The Mayor and City Clerk be authorized to execute the documents necessary for the
purpose of the aforesaid.

Council will recall from the memorandum of October 17, 1994 that the City purchased 2506 Pitt
River Road in April of this year as a 387 meter square portion was required to reconstruct the
intersection of Pitt River Road and Reeve Street. The property was purchased at $11.62 per
su.ft., a portion of road was dedicated and the owner of the adjacent properties lias offered to
purchase the remaining property for $12.50 per sq.ft. The property 18 designated for
‘townhouse” use in the Official Community Plan.

Susan Rauh :
City Clerk

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