THE CORPORATION OF THE
CITY OF PORT COQUITLAM

MEMORANDUM

TO: B.R. Kirk December 8th, 1989
City Administrator

FROM: R.A. Freeman

City Clerk
Deputy Administrator

SUBJECT: 3126 Flint Street

RESOLUTION:

WHEREAS the lands hereinafter .described are not required for municipal
purposes nor are they reserved or dedicated;

NOW THEREFORE be it resolved that:

l. Lot 3, Block 27, District Lot 464, Group One, Plan 2286, New
Weatminster District, be sold to Counselor Developments Inc., Suite B -
4502 Fairmont Road, North Vancouver, B. C. V7R 2W9 at or for the price
or sum of $48,000.00;

The adjustment date be February 16th, 1990, or eariier;
The possession date be February 16th, 1990, or earlier;

Mayor and Clerk are authorized to execute the documents necessary
for the purpose aforesaid and to affix the Corporate Seal of the City
thereto.

SUBJECT

To the consolidation of the said Lot 3 with Lots 1, 2, 4, and 5 so as
to form one lot.

BACKGROUND AND COMMENTS:

The exact location of the property is shown on the map section following. The
prospective purchaser now owns the property on both sides of Lot 3 (Lots 1 & 2
and 4 & 5) and a rezoning bylaw that would zone all five lots to RM~4 for an
apartment development is now in process.

The price set for the property is based on an appraisal completed on April
5th, 1989. Considerable delay in this matter occurred due ‘ao a difference
that arose regarding the ownership of the adjacent properties. This has now
been resolved.

R.A. Freeman
City Clerk
Deputy Administrator