Offers may be made subject to the rezoning of the property to an RS-2 Smail Lot
Residential zoning designation. Offers should clearly state whether or not they are
subject to rezoning. 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 August 30th, 1993,
(extendable by mutual consent) 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.

No tender will be considered that contains any “subject” or conditional clauses
whatsoever; except as provided in Section 5 regarding the zoning of the property.

The City does not warrant or represent that the property may be used in any particular
manner and tenderers who are intending to make any particular use of the property
should satisfy themselves, by independent inquiry, that the use is possible having
regard to ali factors, including but not limited to the bylaws of the City, other
regulations, the limitations imposed by the various charges on the property’s title, 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.

Information on Zoning or other land use matters may be obtained from the City’s
Planning Department. Rezoning Application Fees will be payable by the successful
bidder.

The property is unserviced and details of 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.

Further information may be obtained from the undersigned.

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.

The lowest price (not including GST, servicing costs, Rezoning Application Fees,
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,
January 12th, 1993 City Clerk

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