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suet (

THE CORPORATION OF THE CITY OF PORT COQUITLAM

MEMORANDUM OCT 7 1985

TO: Mr, BeR. Kirk EE: October |, 1985
Clty Administrator

FROM: W. Brown
Director of Community Planning

SUBJECT: Rezoning Application 18/88
2974 Sefton Street

RECOMMENDATION: That Clty Councl! direct the Clerk's Office
To prepare a bylaw rezoning Lot 157, Plan
26223, D/L A779 from RM~4 Apartment District
TO RM~| Apartment Olstrict,

COMMENTS:

1. This appllcatton has been Submitted by the owners of the
subject property to rezone thelr land back to Its orlgina!}
Ignatilon as they have not proceeded ta bulld a naw
bullding. In that they do not see develooment of thelr
land taking place In the Immediate future, they want to
cancel thelr letters of credit for the supporting publie
Improvements. Cons @quentiy, they are requesting their land
be razoned back to [ts orlginal des!gnatlon removi ng
necessity for the works,

Pipemal tas

The applleatton for rezoning 1s supported on the basis of
equity, In as much that the owners do not foresee
development of thelr land taking place In the Immediate
future, they should not be obliged to ranew a performance
bend for works that wlll not be carried Out. The rezoning
back to an RM~| designation wlll give the City security
that the necessary works will! be carried out when They are
required, ;

eee

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