THE CORPORATION OF THE
CITY OF PORT COQUITLAM

MEMORANDUM

TO B.R. Kirk, July 10, 1988
City Administrator

FROM: R.A. Freeman,
City Clerk

SYBJECT: Land Exchange — Leigh Square Holdings Limited '

RECOMMENDATION?

That the offer of Leigh Square Holdings Limited to purchase 33,720
square feet of Lot 2, District Lot 463, Group One, New Westminster District,
Plan 69169, for the purchase price of $252,900.00 upon the terms and
conditions contained in the document entitled "Offer to Purchase” and included
in the Agenda documents of the Council meeting of July 25, 1988 be acceptsad;

And that the offer of Leigh Square Holdings Limited to sell to the
City of Port Coquitlam Lot 2, Plan 3319 and Lot 1, Block "N", Plan 16910 (both
properties in District Lot 379, Group One, New Westminster District) for the
purchase price of $76,000.00 for the Lot 2 herein before described and
$534,000.00 for the Lot Ll herein before described upon the terms and
conditions contained in the Offer to Sell contained in the Agenda documents of
the Council meeting o* July 25, 1988 be accepted;

AND THAT His Worship the Mayor and City Clerk be authorized to execute
the said Documents on behalf of the City and to affix the City's corporate
seal thereto.

Background and Comments:

A copy of the Documents referred to above follow this memorandum and
we believe they will be self explanatory.

R.A. Freeman,
City Clerk/Deputy Administrator