== COUNC

JAN 3 1978

Mayor and Council December 30th, 1977

FROM: L.D. Pollock
City Administrator

Re: PoCo Valley Golf Course - Option to Purchase

I have been informed by the Trustees for the PoCo Valley Golf Club that they
have received an offer to purchase the facility for $900,000. The City
presently has a Right of First Refusal Option registered against the Golf
Club lands and having been notified of the pending sale, the Council has

30 days in which to decide whether or not to exercise the Option.

Council is therefore being asked to consider whether or not they wish to
exercise the Option to Purchase the PoCo Valley holdings for the sum of
$900,000. A resolution of Council will be required to either accept or
not accept the proposal.

L.D. Pollock