September 11, 1989/1912

THAT the said 352553 B.C. Ltd. be advised that it was obligated to
leave its bid open and to complete the sale on the specified terms, aod
that having repudiated that obligation the City considers 352552 B.C. Ltd.
liable to the City for the sum of $418,000.00 (being the difference between
the price offered by 352553 B.C. Ltd. and the next highest bid) if the land
is rezoned;

AND THAT the deposit in the amount of $5,000.00 that accompanied the
bid of 352553 B.C. Ltd. be retained as partial payment of damages.

Carried.

Moved by Alderman Laking:
Seconded by Alderman Keryluk:

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

NOW THEREFORE be it resolved that:

Lot 1, Section 7, Township 40, Plan 74406, New Westminster
District; be sold to Redekop Properties Inc., or its nominee, at
or for the price or sum of $5,458,800.00 upon the terms and
conditions stated in the tender call and the tender received;

The Adjustment date be December 29th, 1989 or earlier, as stated
in the tender call;

The Possession date be December 29th, 1989 or earlier, as stated
in the tender call;

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.

Carried.

Aldermen Farnworth and Gates
voted against the resolution.

LATE ITEM:

From the City Engineer, September 8, 1989 regarding the Selection of
Consultant - Handley Crescent & Penny Place Pump Stations.

Moved by Alderman Laking:
Seconded by Alderman Stewart:

1. That the design work for the replacement of the Handley Crescent
and Penny Place Pump Stations be awarded to Dayton and Knight
Engineering Consultants for the following estimated fees:

a. Handley Crescent Sanitary Pump Station $7,330

b. Penny Place Pump Station $11,520