The Council of the City reserves the right to accept any offer or to
reject any or all of the offers as the Council, in its absolute
discretion, may determine,

The City does not warrant or represent that the property may be used
dn any particular manner. Tenderers wno are intending to make any
particular use of it should satiafy themselves, by independent
inquiry, that the use is possible having regard to all factors,
including but not Ilimited to the bylaws of the City, other
tegulations, and the natural features of the land. The City accepts
no responsibility should any proposed use not comply with all relevant
regulations or prove otherwise infeasible.

Any Goods and Services Tax payxhle and all Property Purchase Taxes,
Land Title Office and conveyancing coats will be the responsibility of
the purchaser and will be additional to any amount tendered.

Information on Zoning or other land use matters may be obtained from
the City's Planning Department.

Details of services available and further servicing requirements may
be obtained from the Clty's Engineering Department. Payment of all
costs to fullfill these requirements and for applicable Development
Cost Charges and connection fees will be required when due in addition
to the amount bid.

Further information may be obtained from the undersigned.

The area offered for sale includes portions of road and lane allowance
that the City may not find it possible to sell if all legal and
procedural requirements cannot be fulfilled. If this is the case the
area for sale shall be deemed to have been reduced accordingly.
Specifically, the consent of property owners adjacent to these
portions of road and lane may be required,

Consolidation of the property is a requirement of sale and all survey
costs for plans required for City Bylaws or consolidation will be paid
by the successful tenderer in addition to the amount offered for the
property.

The lowest price (not including survey costa, GST, servicing costs,
Development Cost Charges, connection fees, or other coats and charges )
that will be accepted for the property is $5.20 per square foot. The
exact area will be determined by survey but a4 preliminary calculation
shows that the area is 131,325 square feet with a resulting total
price of $682,890.00.

Port Coquitlam, 5.C. Re A. Freeman,
March 3rd, 1992 City Clerk/Deputy Administrator