November 22nd, 1976

the Twenty-first day of October, 1976, be approved;

AND_THAT His Worship the Mayor and City Clerk be authorized to
execute the said Agreement and Restrictive Covenant on behalf of the
City and affix the Corporate Seal thereto.

Carried.

Prior to passage of the foregoing resolution, Alderman Ranger
enquired if, In fact, the charge of $300.00 per stall for construction
costs and the $7.00 per month for five years rental charge per stall
were sufficient to cover the costs incurred by the City and suggested
that these amounts be reviewed. ‘The City Administrator advised that at
the time the original discussions had taken place with the Royal Bank
earlier in the spring, a review had been carried out and the amounts
had, at the time, appeared adequate, and further that in view of the
fact that the agreement had been approved by both the Royal Bank and the
City prior to issuance of a building permit, it would not be possible to
change the amounts in this particular agreement at this time. Alderman
Laking expressed his opposition to the concept of ‘selling’ parking
Space when the amount of parking presently available to the public in
the downtown area is so limited. Alderman Mabbett suggested that present
development costs (as experienced in the development of the Wilson
Avenue loc) were in the neighbourhood of $500.00 per stall and suggested
the matter be subject to a further review, however, the City Engineer
advised that the costs of storm sewer installation and landscaping had
been included in this particular cost analysis.

CORRESPONDENCE & PETITIONS:

From the Kinsmen Club of Port Coquitlam, November 17th,1976 requesting
Council’s permission to conduct a door-to-door Campaign for the Kinsmen
Mothers' March during the week of January 30th to February 5th, 1977.

Moved by Alderman Ranger:

Seconded by Alderman Mabbett:

That the request of the Kinsmen Club of Port Coquitlam, November
17th, 1976 for permission to conduct a door-to-door Campaign for the

Kinsmen Mothers' March during the week of January 30th to February 5th,

1977, be granted.

Carried.

From the 3rd Port Coquitlam Parents Auxiliary, November 17th, 1976

being an application for a Lottery Licence for the period of November 22nd

Kinsmen Mothers'
March ~ Jan.30 to
Feb.5/77