b,:
AVEO DY
re Ne

THE CORPORATION OF THR 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 undernoted properties:

Lot "A", Block 25, Diatrict Lot 174 and 289,
Plan xxxx, New Weatminater Diatrict

Thia property is located on the north side of the 2300 Block Pitt River Road
and the east side of Rowland Street being approximately 0.7591 ha (1.87
acres). The property is presently zoned P-1l (Fubiie Institutional) and RS~1.

(Large Lot Residential).

Tenders must be enclosed in a sealed envelope plainiy marked on the outaide
"Tender for 2300 Blk Pitt River Road Property” and addreased to:

Susan Rauh

City Clerk,

City of Port Coquitlam,

Third Floor, 2580 Shaughnessy Street,
Port Coquitlam, BC

V3C 248

aud be in her hands by 12:00 o'clock noon, Yhuraday, July 23, 1992. Any
tender received after this time will be returned unopened ag will all tenders
inadvertently opened before the closing time aa a result of not baing
adequately marked on the outside of the sealed envelope as required.

Terms of sale

1. a) A certified 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.

Upon a tender being accepted by the Council a further instaliment of
$50,000.00 must be paid to the City by certified cheque by the
guccessful tenderer within five days of receipt of notice of
actuptance of the tender or the deposit will be forfeited.

The balance of the offered price must be paid by the succesaful
tenderer within 30 days or as soon thereafter as requested or the
dapesit will be forfeited.

The certified cheques of the unsuccessful tenderers will be returned no
Later than 30 days after the closing time specified above. Unlesa a
tender specifies that in the event the tender is unauccesaful the cheque
ig to be held for personal pickup from the City Hall ordinary mail will be
used for retura.

Cont'd /2.6.