October 27th, 1975

Moved by Al¢erman Laking:

Seconded by Alderman Ranger:

That as recommended in a report from the City Administrator,

September 19th, 1975 the City now purchase property located at 1065

Lynwood Avenue at the stated price of $36,000.00 and that funds be
provided from the City's Tax Sale Land Account for the acquisition

thereof.

Carried.
Aldermen Traboulay and Mabbett voted against the resolution.

In speaking to his motion, Alderman Laking noted that he was originally

opposed to the purchase of the property on the basis of a preposal for

an industrial development requiring the City's participation financially,
however, as this proposal did not receive the support of Council Alderman.
Laking was prepared to support the expenditure of funds for property
adjacent to the City's Nature Area. Alderman Traboulay expressed concern
that the City was continuing to acquire land for which it had no definite
plans and felt that if land is to be acquired by the City it should be
such that it could be developed for housing and/or industrial purposes.
Mayor Campbell made reference to a report being prepared re City-owned
lands and expressed the view that it would be a serious mistake to sell
some of the properties without replacing them with other more desirable
parcels.

CORRESPONDENCE & PETITIONS:

From the Honourable James G. Lorimer, Minister of Municipal Affairs,
October 15th, 1975 enclosing a cheque in the amounz of $30,800.00 as the
City's grant under the provisions of the Natural Gas Revenue Sharing Act
relating to 1974 housing growth.

From the Honourable James G. Lorimer, Minister of Municipal Affairs,
Octobl6th, 1975, enclosing a cheque in the amount of $31,216.00 as the
City's benefits under the Sewerage Facilities Assistance Act for 1975.

It was noted that a letter of acknowledgement and thanks had been
forwarded following the last meeting of Council, however, Alderman
Keryluk drew the attention of the public to the fact that the Provincial
Government had, with these two cheques, contributed an amount equal to 1
Mill of the City's Budget.

From the Port Coquitlam Amateur Athletic Association, October 20th,
1975 requesting permission to conduc: u raffle in about the City between

November 8th and December 20th, 1975, with the prize to be a one minute

Min.of Municipal
Affeirs re
Natural, Gas Rev.
Sharing Act funds
& Sewerage
Facilities Assist
Act funds.

P.C.A.A.A. re
permission for
raffle