September 21, 1987 /242

CL/12/87/09/21/28

From the City Clerk, September 10th, 1987 regarding Sale of City

Property ~ 2300 Block Lobb Avenue.

Moved by Alderman Gates:

Seconded by Alderman Laking:

WHEREAS the lands hereinafter described are not required for

municipal purposes nor are they reserved or dedicated;

NOW THEREFORE be it resolved that:

That Lots 2-6, inclusive, Block 3, District Lot 290, Group One, Plan
1957, New Westminster District, (located on the Southside of the 2300
Block of Lobb Avenue) be sold to Inlet Realty Ltd., 2226 St. Johns
Street, Port Moody, B.C. V3H 2A7 ( or its nominee) at or for the
price or sum of $92,500.00.

Z. That adjustment date be November 13th, 1987 or earlier.

3. The possession date be November 13th, 1987 or earlier.

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

Carried.

ADJOURNMENT ;

Moved by Alderman Laking:

Seconded by Alderman Stewart:

That this meeting do now adjourn.
Carried.

At 7:50 pem. the meeting adjourned.

NvGeaboula.

Mayor _—

Certified correct,

Lb bAvastl

City Clerk