THE CORPORATION OF THE CITY OF PORT COQUITLAM
PUBLIC NOTICE

REAL PROFERTY FOR SALE BY TENDER

Notice is hereby given that The Corporation of the City of
Port Coquitlam intends to eell the parcel of land hereinafter described
to Gavel Development Ltd., Suite 516 - 355 Burrard Street, Vancouver,

B.C. co, , SUBJECT to the said Gavel

. Development Ltd. conveying Lot 6 and Lot 8 of the South-east Quarter of

the South-west Quarter of Section 7, Township 40, Plan 1329 to the City
of Port Coquitlam for the sum of One ($1.00) Dollar:
eLot 115, District Lots 255 and 384, Group One,
Plan 47284, New Westminster District.
Location: _, North-east corner of Tayler Street and Peoley Avenue.

Size: , 7.85 acres with a frontage on Pooley Avenue of 462.06
ee feet and a frontage on Taylor Street of 1,084.24 feet.

Zoning . | -RS-2 (One-Family Suburban Residential).

‘Special That portion of the said property shown outlined red on
Condition: ... Right-of-Way Plan No. 47285 is subject to a Right-of-Way
_ Agreement filed in the New Westminster Land Regictry
Office on November 13th, 1974 under No. K116741.

Terms: In addition to. conveying Lot 6 and Lot 8 of the South-
‘ east Quarter of the South-west Quarter of Section 7,
Township 40, Plan 1329 to The Corporation of the City of
Port Coquitlam, Gavel Development: Ltd. will be required
to pay the sum of $14,000.00 to the City and it is
expected that this sum will be paid by way of an Agreement
for Sale extending over a maximum period of five years
with interest payable at the current rate charged by
Central Mortgage and Housing Corporation for first mortgages.

INVITATION:

Any person wishing to bid on this property or submit any alternate

proposal whatsoever is advised to submit the same in a sealed envelope

addressed to:
R. A. Freeman,
City Clerk,:
City of Port Coquitlam,
2272 McAllister Avenue,
Port Coquitlam, B. C.

for receipt before 12:00 o'clock noon on Wednesday,

. The lowest price that will be accepted for the property is Cne
($1.06) Dollar.
City Hall,

City Clerk
Port Coquitlam, B. C.

1974.