THE CORPORATION OF THE CITY OF PORT COQUITLAM REAL PROPERTY FOR SALE BY TENDER The Corporation of the City of Port Coquitlam invites tenders for the purchase of the undemoted property: Lot 10, Block 6, Section 5, Plan 19372, NWD in Port Coquitlam, B.C. This property is located at 889 Dominion being approximately (9.422 hectares (1.045 acres). The property is presently zoned A-1 (Agricultural) and mmst be developed as required by the Riverwood Area Consol Plan. Tenders must be enclosed in a sealed envelope plainly marked on the outside "Tender for 889 Dominion Avenue Property” and addressed to: City of Pct Coquitlam Third Floor, 2580 Shaughnessy Street Port Coquitlam, B.C. and be in her hands by Ld: ok usday, July 8th. 1993. Any tender received after this time will be retumed uno ed as all tenders inadvertently opened before the closing time as a result of not being adequately marked on the outside of the sealed envelope as required. Terms of Sale 1. Acertified cheque in the amount of $5,000.00 payable to the City of Port Coquitlam must accompany each tender as a deposit and each tender will be open for acceptance by the Council for a period of 30 days. The balance of the offered price must be paid by the successful tenderer within 30 days of receipt of notice of acceptance. The certified cheques of the unsuccessful tenderers will be returned no later than 30 days after the closing time specified above. Uniess a tender specifies that in the event the tender is unsuccessful the cheque is to be held for personal pickup from the City Hall ordinary mail will be used for return. Any Goods and Services Tax payable and all Property Purchase Taxes, Land Title Office and conveyancing costs will be the responsibility of the purchaser and wiil be additional to any amount tendered. No tender will be considered that contains any “subject” or conditional clauses whatsoever. PAGE | 10> |