ve i ay sid Wri de es pl 1 THE CORPORATION OF-TH CITY OF PORT COQUITLAM AUG 2 4 1992 August 6, 1992 B.R. Kirk City Administrator 5. Rauh City Clerk SUBJECT: Sale of City Property - 1600 Block Angelo Avemee 36, eS! ass Whereas the lands hereinafter described are not required for municipal purposes, nor are they reserved or dedicated, now therefore be it resolved that: Parcel 4 (Bylaw Plan 68320), Except Part Subdivided by Plan 71034, Plan 20844, District Lot 480, Group One, New Westminster District, Port Coquitlam BC be sold to Golphis Restaurants Ltd. for the sum of $2,146.00, the price established by Council on August 26, 1991. And that The Mayor and City Clerk be authorized to execute the documents necessary for the purpose of the aforesaid and to affix the Corporate Seal of the City thereto. The City is currently in the process of a Road Exchange, as shown on the attached map; however, the City owns a 7.62 m_ parcel which is required to consolidate the property. The strip of land was originally created to prevent vehicle access to Angelo Avenue. Vehicle access to Angelo Avenue will now be prohibited by way of a Restrictive Covenani. Susan Rauh City Clerk SR:ge 156/3