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TAYLOR, BARDAL & DORCHESTER MAR 14 1988

BARRISTERS & SOLICITORS
- L111 Austin Avenue, Coquitlam, British Columbia V3K 3P4
Telephone: (604) 931-3477

JONATHAN D. TAYLOR, B.A., LL.B. BRIAN P, BARDAL, 3.COM., LL.B.
EDMUND G. DORCHESTER, 8. COM., LL.B, MARK P. GRIFFITHS, B.A., LLB.

File No. 5254-8

LATE ITEM

The Corporation of the City of Port Coquitlam, RECEIVED AT:
2272 McAllister Avenue, j 32 ere
Port Coquitlam, B.C. pin

V3C 2A8 MAR 14 1988

Attention: Mr. Ron aA. Freeman, City Clerk

Dear Sir:

Re: Our Client: Faurschow
Property at 2165 Salisbury Avenue, Port Coguitlam
Re: Option to Purchase

Further to our telephone conversation of this morning,

I am writing to confirm our

understanding that Council

will deal with the issue of the cancellation of the

Option to Purchase relating to

property, as referred to in our previous
February 23rd, 1988, in exchange for financial compen-—

sation,

You have suggested that Council
matter this evening in
compensation amount acce
Clients is able to be concluded,
affirm the matter at its r

March 21st, 1988,

I have adivsed you that our clients

Ptable to Council

the above described
letter of

would deal with the

Committee, and, assuming a

and to our
Council would then
egular business meeting of

agreement with the

purchaser of the subject property provided for

resolution of this matter within ana
which time expires today, March l4th, 1988.
an extension to noon on March
i5th, 1988, for our advice that Council has
to release the Option to Purchas

purchaser has agreed to

ERasement over the subject portion of the

consideration of an

the release of Option,

Agreement by March 18th, 1988.

agreed amount of
compensation, and further subject to regist

greed time frame,

The

agreed

@ in exchange for an
lands in
financial

ration of

and the replacing Easement

- : "15

We are unable to advise