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THE CORPORATION OF THE
CITY OF PORT COQUITLAM

MEMORANDUM

TO ' Kirk, j 29, 1987
Administrator

FROM: Freeman,
Clerk

SUBJECT: Meridian Industrial Park - Pitt River Dyke Property

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RECOMMENDATION:

That the City Solicitor be requested to draft the easement
agreement as recommended in Mr. Grant Anderson's letter of

April 24th, 1987;

AND THAT an appraisal of the value of such an easement be
obtained.

BACKGROUND AND COMMENTS:

Council members will recall that the developer of property in
the City's Industrial Area adjacent to the City's Dyke wish to
use a narrow l!ong strip of Dyke property as part of the
industrial lots to be created and in the attached letter from
Grant Anderson Council members wili see that he has come up
with a rather clever method of cutting through the "red tape".

As Mr. Anderson points out in his ltetter, the City is
prohibited from providing a direct or indirect assistance to a
commercial undertaking and tn obtaining an appraisal of the
value of the easements suggested the Appraiser will be asked to
provide different values for different lengths of easements
i.e. 5 years, 20 years, 50 years, etc., and the Council! wilt
then be in a position to make a decision as to what length of
time the easements should run based on the appraised value and
any concerns the property owner may wish to express to Council.

| ‘R.A. Freeman,
RAF/al City Clerk

SUP teeing

Cont .RAF-04/29/87