All servicing costs for water, sewer, drainage, electricity, gas, telephone,
road, curb, sidewalk and other construction will be borne by the purchaser.

A certified cheque in the amount of 1% of the amount offered must accompany each
tender as a deposit and each tender will be open for acceptance by the Counci|
for a period of 30 days. Upon a tender being accepted by the Council a further
32% of the offered price must be paid by the successtui tenderer within 10 days
or the deposit will be forfeited. The valance of the purchase price will be
secured by way of an agreement for sale specifying the development proposed and
calling for full payment within 6 months from the date of acceptance of the
proposal by the Counci! with interest at the rate of 10% per annum calculated
from the date of such acceptance to the date of payment.

Offers made subject to rezoning to a zone appropriate for the development
proposed may be accepted by the Council subject to the granting of such rezoning
and the process of the required zoning amendment bylaw will be initiated by the
Council. However, the Council does not obligate itself to pass such zoning bylaw
and in recognition of this fact the payment of the further 32% of the offered
price required in Section 5 above will be deferred and the said 32% of the
offered price must be paid by the successful tenderer within 10 days of the
reconsideration, final passage and adoption of the requred zoning amendment
bylaw. Additionally, the 6 month period for full payment proposed in Section 5
will extend from the date on which the required zoning amendment bylaw is
reconsidered, finally passed and adopted. Should the zoning bylaw not be adopted
the developer's proposal will be considered rejected and the certified cheque
will be returned. Prospective tenderers are advised that a period of 3 months or
longer may be required for pracess of the zoning amendment bylaw.
The certified cheques of the unsuccessful tenderers wil! be returned no later
than 45 days after the closing time specified above.

No real estate commission of any kind whatsoever will be paid by the City.

Further information may be obtained from Mr. W.A. Brown, Director of Community
Planning, and Mr. Brown may be contacted by telephoning 941-5411.

The highest or any tender not necessarily accepted and the City reserves the
right to wave minor deficiencies in a bonafide tender.recelved by the closing
time and to enter into discussions with those persons submitting tenders In order
that the proposal presented may be properly explained.

R.A. Freeman,
City Clerk.

City Hall,
Port Coquitlam, 8.C.
April 24th,1984.

Admi.Termder Notice