T. F, ROOTE LTp.

PROPENYY VANAGEMENT f
BUSINESS SANAGEOMENT

— 1 .

L te Vaca,

1930 MARNE Derve,
NORTH VaNCcOUviE, Ae.

985-9156

June 04, 197)

Deny

Re: City Procerty - adjacent to Kennedy Street
in the rear cf 3674 & 2849 Oxford Street.

Ke would be Interested in Negotieting the purchase of this property

to deveror at the sare tire as the Cxferd bleck. Cur cost on the adjacent block

for land after the deduction of the house values is $2,220 per lot,

Using $2,260 as fair market value,
Perty fs verth aperoximately $23,C0C.

“we would suggest that the City prow

If the city would negotiate a sale on this basis we would be prepared
to assure a1] the costs of Crveloping Kennedy Street without a 50/50 cost sharing.

a = SSE rennin ea interes, MPI

He ee OE

T.?. Reote Ltd.,

1839 “Marine crive,

North Vancouver, B.C,
Attention: 4r. YF, Roote, |
Proserty ANAReent.

Dear Sir:

Re: ity Property Adjacent te Kennedy Streer

2 HED GL low

. June 39th, 1971

With reference to your letter dared June ath, IS7L wherefa you

aging che above-noted property,
Pleana be advised Chat the gaya vas placed before

indicate the intereat of your firm in pureh:

+ Muntednal Ceuneal of The Corporation of the
: Suse 2dth, L721, Also placed before the Cou

from the hand Sale Corrifttee of the City Ties
7

offered for sale at aa upset price of $34,55

v

Feport of the Land Sale tem fteo, the Couns

>

Alchoush due Constierction wag nfy.

thane ould adopt the report of the Comittes,

Wa niphe sussest that you contace

ir. K.J. Stdnson and Wiceugs wlth hi, altcrnste ronsathalis

nenbers of Council Fele thae

Chey chowle

eliitfonal park frea, Chere vere sons memzers

a renalar meeting of the
City of Pore Soqute)
neil at that tice Was 2 repore
neadins that tha properzy be
J),

to your request and te the

on
31 declined to pass 2 resolution

the City's Planains Technictan,

fea, for while Sone
singly retain the PLOperty as an
3 ho th

25,

font CAL en-on rating

with you in developient oF the urca siete prove to ha =

Rigs tebhle, nrovided

the City woul retaia ovaneraiip of the Proaer

Sy in quention,

RAF sba . . ,
Cec. KT. Stingon, Planning Techoician,

t . . 1 a * : aes os -
a

Re A. Freenan,
City Clerk.

ee