NATIONAL REAL ESTATE SERVICE

January 31, 1986

Mayor Traboulay CG 0 UJ N C | L
City Hall

2272 McAllister Street FEB 17 1086

Port Coguitlam, B.C.
V3C 2A8

Dear Mayor Traboulay,

I would like to take a few moments of your time to introduce myself
and explain the purpose of my letter. My name is Marten Felgnar,

I am a real estate salesperson with Block Bros. Realty Ltd. at 2786
Barnet Highway, Port Coquitlam, and I am acting as agent for Victory
Baptist Church, who are currently involved in the purchase and
rezoning of 2191 Prairie Avenue, Port Coquitlam, B.C.

I am not a member of the Church, nor do I have a vested interest
in the actual purchase of the property, but it has come to my
attention that some amount of opposition has grown against the
proposed P2 zoning, prompting me to write and possibly shed some
light on the matter.

2191 Prairie Avenue has been offered for sale for some time now,
initially by owner and subsequently through Alley Estates, who
have had the listing since October 15, 1985. Prior to Victory
Baptist Church's offer to purchase, there had been no other offers
and infact a limited amount of public interest from prospective

purchasers.

Although a few builders had made inquiries, once told the location
and asking price of the property their interest quickly waned.

The busy location is not thought to be desirable for residential
development and certainly the price would not make it cost effective
to construct new homes for resale especially with all the present
competition in new construction.

A case in point is 2172 Salisbury Avenue, one block north of

Prairie which sold September 27, 1985 for $66,000. This property
not only sold: for less but is 1,917.84 square feet larger and better
Situated. The asking prices of the three newly constructed homes

on Salisbury is $99,900. A builder would have to ask in that range
for new homes on Prairie and possibly more to offset the higher
initial purchase price of the land not to mention servicing and

subdividing costs.

Continued.....

BLOCK BROS. REALTY LTD.
2786 Barnet Highway, Port Coquitlam, B.C. V3B 1B9 (604) 464-5566

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