THE CORPORATION OF THE CITY OF PORT COQUITLAM C 0 U N C | [

MEMORANDUM «SAN 12 1975

TO: Mayor and Aidermen December 16th, 1975

FROM: R.A. Freeman, City Clerk

Re: Proposed Purchase of Lot A, Plan 5943 ~ Lougheed Highway
and Shaughnessy Street Intersection

Council will recall that in Committee on November 10th, 1975
the administration was instructed to proceed with the purchase of the
above noted property at the rate of $1.45 per square foot. It was not
possible to present the hecessary formal resolution to the Council until
the exact size of the property had been determined and this has now been

done,

SAT cas nem et a ep fot ed cane

fhe necessary documents have been drawn and are in the hands of
‘our solicitor awaiting a transfer of funds from the City. Might we suggest
that Council give consideration to passage of the following resolution:

"That Lot A, Block 5, District Lot 464, Group 1, Plan
5943, New Westminster District be purchased by the
Corporation of the City of Port Coquitlam at or for
the price of Eight-eight Thousand Four Hundred Twenty-
six Dollars and Eighty Cents (calculated at the rate of
$1.45 per square foot for an area of 60,984 square feet);

1 ADs So erences enamine ent ea tena enn

AND THAT the Mayor, City Clerk, and City Treasurer be
authorized to sign all necessary documents and cheques
on behalf of the City and to affix the Corporate seal

thereto." .

tee,

R.A. Freeman,
City Clerk.