Greater Vancouver Regional District Sy :
2204 WEST TENTH AVENUE WANOOUVER 8, BRITISH COLURIBIA TELEPHONE 732-1155 : : soo : :

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| Novenber 18, 197%. . Bo a The Corporation of the Gity of Port Coquitien ovesber 16, 1974.
The Corporation of the City of Port Coquitlea,
2272 Mchllister Avenue, : . a , :
Port focuitlam, Be Gey : : ; . the subject site. Unfortunately our Appraisal Department, advises se
y30 _ that-the present owmers have no plans te dispose of this sites ot
oo . . present. : _— ;
Attention: Hr. L. Lee . . . :
: - Lo. od. oo . _ Yours trily, a

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Dear Mr. Lee, , : Tv : . :
re; Property at the N/E Corner of Lougheed Highway Daniel Vanin

and Westwood Street : . Development Officer
Thank you for your letter of November 5, 197i, confirming the major points
Giscussed relative to the above site. : ;
I appreciate the concern expressed by yourself and Mre Borch regarding the
timing of our proposed development. However, in view of the acute housing
shortage which now exists in the Lower Mainland, the Greater Vancouver .
Rousing Corporation should do everything in its power to alleviste this -
serious condition. . : co
BYr0c

Our experiences in the last seversl months also indicate that commmity
attitudes are rapidly changing, and mest citizens will now accept good ‘ : ; .
quality middle density housing development within their neighborhood. : ; eo .

As you know, the G.V.H.C.'s main goal is to help provide good quality - -. : .
housing for those people who simply cannot afford decent accommodation : :

at tocay’s market prices. With respect to this particular site, holding _ :
costs for land alone will enount to approximately $50,000 per annum. In . .
addition, each year of delay will impose an additional $300,000 to :
$400,000 in increased labor and material costs. These costs will eventually
be borne by each individual tenant or purchaser. a

Because a project of this nature will require a great deal of lead time - . ~ : :
for proper design study and analysis, it is proposed that preliminary

work should be started in the near future so that design concept drawings :
can be submitted to your office for comment some time early this winter. ;
With respect to the adjoining triangular lot, I agree that every : a ae . coos So . a - - -
effort should be made to ecquire it so that it may be consolidated with. a : a : a wo a

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