October 21st, 1974 /9,

From the City Administrator, Octoper 18th, 1974, advising that Mr. City Adm.re

purchase of
and Mrs. Paul Schinz, owners of property at 2650 Wilson Avenue, have 2650 Wilson

Avenue pro-
offered the approximately 5 acres of land thereat to the City and have perty (Mr.&

Mrs.P.Schinz)
agreed to accept the purchase price of $50,000.00, payable in annual

amounts of $10,000.00 over a period of five years.

Moved by Alderman Laking:

Seconded by Alderman Keryluk:

That as recommended in a report from the City Administrator, October
18th, 1974, the 54 acres of land located at 2650 Wilson Avenue be purchased
from the owners, Mr. and Mrs. Paul Schinz, for the price of $50,000.00,
payable in annual payments of $10,000.00 over a period of five years;

AND THAT the Mayor and City Clerk be authorized to execute the
necessary maps, deeds, plans, etc., therefore on behalf of the City and to
affix the Corporate Seal thereto.

Prior to passage of the foregoing resoluticn, a discussion ensued
and Alderman Traboulay stated he was not in favour of the land purchase
because:

1. the property is near the river and is in the flood plain;

2. in the report from the City Administrator the statement was made

that "in view of its location and zoning they found it was not easy to

get a buyer"

and he stated he felt the money would be better spent either in the
Industrial area or for a park in the Hastings Street area. Several
members of Council stated they felt the purchase price was very reasonable,
particularly since the appraised value was higher; however, Alderman
Laking proposed the following amendment:

Moved by Alderman Laking:

Seconded by Aldermn Keryluk:

That the foregoing resolution be amended by adding the following
words as a second paragraph thereto:

“THAT the City endeavour to recover some or all of the purchase
price by way of the "Green Belt Fund" from the Province of British

Columbia. Carried.

Aldermen Traboulay and Ranger voted against the resolution.
Prior to passage of the foregoing amendment, Alderman Ranger stated
he did not feel the same to be proper and that it should be made as a
separate motion. His Worship the Mayor ruled the amendment to be in

order, and Alderman Ranger then challenged the Chair.