epist an
Sane Tre pdes cident ollie

THE CORPORATION OF THE CITY OF PORT COQUITLAM

REAL PROPERTY FOR SALE BY TENDER

The Corporation of the City of Port Coquitlam invites tenders for the purchase of
the undernoted property:

Lot 2 of a Subdivision Plan of Lot 383 (as modified by the "Ulster Street/Lincoln
Avenue Road Exchange Bylaw, 1987, No. 2234"); S.W. 1/4 Sec. 7 and N.W. 1/4 Sec.
6; Township 40, Plan 60681; New Westminster District; with an area of 9.512 ha
(23.5 acres).

This property is located east of Ulster Street, South of Essex Avenue.
The property is now zoned RS=2 (Single Family Residential).

Tenders must be enclosed in sealed envelopes plainly marked on the outside
"Tender for Lot 2" and addressed to:

R.A. Freeman,

City Clerk,

City of Port Coquitlam,
2272 McAllister Avenue,
Port Coquitlam, B.C.

and be in his hands by 12:00 o'clock noon Thursady, February 26, 1987. Any tender
received after this time will be returned unopened as wil! all tenders inadvertently
opened before the closing time as a result of not being adequately marked on the
outside of the sealed envelope as required.

Terms of Sale:

1. A certified cheque in the amount $5,000.00 must accompany each tender as a
deposit and each tender will be open for acceptance by the Council for a period
of 30 days. Upon a tender being accepted by the Council the balance of the
offered price must be paid by the successful tenderer within 30 days or as soon
thereafter as requested or the deposit wil! be forfieted.

The certified cheques of the unsuccessful tenderers will be returned no later
than 30 days after the closing time specified above.

Offers may be made subject to the rezoning of the property to permit the
development of single family or multi-family residential uses, or a combination
thereof, on the property. Offers shouid clearly state whether or not they are
subject to rezoning. !f an offer is made subject to rezoning, the time for
payment of the full balance of the purchase price extends until 15 days after a
zoning amendment bylaw for the property has been adopted. If the property is not
rezoned before July 31, 1987 the sale agreement shal! be terminated and all money
paid shall be refunded. Zoning amendments are entirely within the discretion of
Counci | and the City does not warrant or represent that any rezoning will be

advanced or adopted.

All ofters must be accompanied by a proposal showing the type of develooment
contemplated including the proposed road layout. .

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