THE CORPORATION OF THE
CITY OF PORT COQUITLAM

ot MEMORANDUM id .

ek TO: B.R. Kirk January 18th, 1990
City Administrator a

a: FROM: R.A. Freeman
oo City Clerk ;
Deputy Administrator

SUBJECT: City property at Reeve Street North of Pitt River Road.

RESOLUTION:

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

NOW THEREFORE be it resolved that:

1. Lot 19, Block 16, Plan 2080; Lots 1, 2, 3, 4, and a 303 squate meter
portion of Lot 5, Block 3, Plan 1879; and a 1049 square meter portion
of Block 4, Plan 9841; all in District Lots 174 and 289, Group One, New
Westminster District, be sold to Adera Equities Inc., Suite 610 - 1111
Melville Street, Vancouver, B. C. V6E 3V6 at or for the price or sum of

$148,935.00;
26 The adjustment date be April 20th, 1990, or earlier;
3. The possession date be April 20th, 1990, or earlier;

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 =

The exact location of the property is shown on the map section following. The
prospective purchaser now owns the property east of the City land and as
Council members are aware a townhouse development is proposed for the

consolidated site.

The road and lane ends adjacent to the City land are also being transferred to
the adjacent owner by Road Exchange Bylaw No. 2481.

R.A. Freeman
| City Clerk
“| Deputy Administrator

21/34 AS