THE CORPORATION OF THE CITY OF PORT COQUITLAM

REAL PROPERTY FOR SALE BY TENDER

The Corporation of the City of Port Coquitlam invites tenders for the
purchase of the undernoted properties:

Lots 1 to 5, inclusive, Block 8, District Lot 290, Group One, Plan
1957, New Westminster District.

This property is located on the south side of the 2200 Block Stafford
Avenue and consists of 5 separate lots, each 37.2 m (122 ft) in depth. The
width of each let varies from 12.9 m (42.4 £t) to 13.4 m (44 ft).

The properties are zoned RS~2 (Small Lot Residential).

Tenders must be enclosed in a sealed envelope plainly marked on
cutside "Tender for Stafford Avenue Property” and addressed to:

R.A. Freeman,

City Clerk,

City of Port Coquitlan,

Third Floor, 2580 Shaughnessy Street,
Port Coquitlam, B.C.

and be in his hands by 12:00 o'clock noon, Thursday, November 30th, 1989. Any
tender received after this time will be returned unopened as will all tenders
inadvertently opened before the closing time as a result of not being
adequately marked on the outside of the sealed envelope as required.

Terms of Sale

1. A certified cheque in the amount of $5,000.00 for each lot upon which
an offer is made must accompany each tender as a deposit and each
tender will be open for acceptance by the Council for a period of 30
days. Upon a tender being accepted by the Council the balance of the
offered price must be paid by the successful tenderer within 30 days
or as soon thereafter as requested or the deposit will be forfeited.

The certified cheques of the unsuccessful tenderers will be returned
no later than 30 days after the closing time specified above. Unless
a tender specifies that in the event the tender igs unsuccessful the
cheque is to be held for personal pickup from the City Hall ordinary
mail will be used for return.

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

Further information may be obtained from the undersigned.

Offers may be made for any number or combination of lots. The Council

of the City reserves the right to accept any offer or combination of
offers or to reject any or all of the offers as the Council, in its
absolute discretion may determine. 4 4