The certified cheques of the unsuccessful tenderers will be returned
no later than 30 days after the closing time specified above. Unless
a tender specifies that in the event the tender is unsuccessful the
cheque is to be held for personal pickup from the City Hall ordinary
mail will be used for return.

Any Goode and Services Tax payable and all Property Purchase Taxes,
Land Title Office and conveyancing costs will be the responsibility of
the purchaser and will be additional to any amount tendered.

No real estate commission of any kind whatsoever will be paid by the
City.

Offers may be made subject to the rezoning of the property to an
Apartment zoning designation. Offers should clearly state whether or
not they are subject to rezoning and, if so, the zoning designation
desired must be specified. If subject to rezoning the time for
payment of the balance of the purchase price, as specified in
paragraph 1(c), shall be extended until 15 days after a zoning
amendment bylaw for the property has been adopted. This time limit
may be extended by mutual consent. If the property is not rezoned
before January 4th, 1992 the sale agreement shall be terminated and
all money paid shall be refunded without interest. Zoning amendments
are entirely within the discretion of Council and the City does not
warrant or represent that any rezoning will be advanced or adopted.

Information on Zoning or other land use matters may be obtained from
the City's Planning Department.

The Council of the City reserves the right to accept any offer or to
reject any or all of the offers as the Council, in its absolute
discretion, may determine.

Further information may be obtained from the undersigned.

The City does not warrant or represent that the property. may be used

in any particular manner. Tenderers who are intending to make any
particular use of it should satisfy themselves, by independent

inquiry, that the use is possible having regard to all factors,
including but not limited to the bylaws of the City, other

regulations, and the natural features of the land. The City accepts

no responsibility should any proposed use not comply with all relevant
regulations or prove otherwise infeasible. )

Details of services available and further servicing requirements may
be obtained from the City's Engineering Department. Payment of all
costs to fullfill these requirements and for applicable Development
Cost Charges and connection fees will be required in addition to the
amount bid.

The lowest price (not including GST, servicing costs, Development Cost
Charges, connection fees, or other costs and charges) that will be
accepted for the property is $500,000.00. .

Port Coquitlam, B.C. ! Susan Rauh,
July 27th, 1992 dersienmmcrvesnle City Clerk
148/586 _

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