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THE CORPORATION OF THE
CITY OF PORT COQUITLAM

REPORT TO COUNCIL ICT 24 1994

MEMORANDUM

October 18, 1994

T. Chong, P.Eng.
City Administrator

FROM: S. Rauh
City Clerk

SUBJECT: Sale of City Property - 2506 Pitt River Road

RESOLUTION:

That the City Clerk be instructed to pest the attached Notice of Intention for 2506 Pitt River
Road.

And that any representations with respect to this matter be heard at the Council Meeting of
November 14, 1994,

Cguncil will recall that the City purchased 2506 Pitt River Road in April of this year as a 387

m* portion was required to reconstruct the intersection of Pitt River Road and Reeve Street. The
property was purchased at $11.62 per sq.ft., a portion of road was dedicated and the owner of the
adjacent properties has offered to purchase the remaining property for $12.50 per sq.ft. The
property is designated for "townhouse" use in the Official Community Plan. :

Susan Rauh
City Clerk

SR/kle
Land50/1