THE CORPORATION OF THE
CITY OF PORT COQUITLAM ;

JAN - 7 991

MEMORANDUM

B.R. Kirk December 21st, 1996
City Administrator

S. Rauh
Acting City Clerk

SUBJECT: Sale of City Property -— 2247 Wilson Avenue

RESOLUTION:

"WHEREAS the lands hereinafter described are not required for municipal
purposes nor are they reserved or dedicated;

NOW THEREFORE be it resolved that:

l. Lot 2, District Lot 379, Group One, Plan 3319, New Westminster
District, Port Coquitlam, B.C., be sold to Michael Savvis, The
Lighthouse Seafood Restaurant at or for the price or sum of
$110,000.00, Subject to existing tenancies, in accord with the
conditions stated in the tender call and the offer received;

The adjustment date be January 15th, 1991;
The possession date be January 3lst, 1990;
The Mayor and Clerk are authorized to execute the documents necessary

for the purpose aforesaid and to affix the Corporate Seal of the City
thereto.

BACKGROUND AND COMMENTS:

A copy of the tender received follows and the exact location of the
property is shown on the map section following. The upset price established
by the Council on November 19th, 1990 was $110,000.00.

—

Susan Rauh
Acting City Clerk

PI