THE CORPORATION OF THE
CITY OF PORT COQUITLAM

MAR 28 1088

TO: B.R. Kirk, March 22nd, 1988
City Administrator

MEMORANDUM

FROM: R.A. Freeman,
City Clerk/Deputy City Administrator

SUBJECT: Sale of City Property ~ 2200 Block Stafford Avenue

RECOMMENDATION:

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

NOW THEREFORE be it resolved that:

l. Lots 1 to 6, inclusive, Block 8, District Lot 290. Group One, Plan
1957, New Westminster District, Port Coquitlam, 8.C., be sold if
offers acceptable to Council are received,

2. The City Clerk is hereby instructed and authorized to publish and post
the "Real Property for Sale" notice appearing in the Agenda documents
of this Council Meeting;

3. The terms and conditions contained therein are hereby approved;

4, The City Clerk carry out the procedures set out therein.

5. Council reserves the right to accept any offer or to reject all offers
if Council in its absolute discretion detennrines that rejection is
appropriate."

BACKGROUND AND COMMENTS:

Passage of the above noted resolution will permit the individual lots to be
offered on an "over the counter" basis for $42,500 each, subject to Council
approval of each offer. The details and location of the property is shown on
the material following. The property is being offered for sale at a price
based on an appraisal ctmpleted on December 9th, 1987.

RAF/sr . ( AIO Acts Bb A. ‘

R.A. Freeman
City Clerk/
‘BA Deputy Cit, Administrator