May 25, 1993. pC ne Pons OTTLEM |

Engineering Department.
City of Port Coquitlam,
2520 - Shaughnessy Street,
Port Coquitlam, BC

V3 2A8

Att: igor Zahynacz, City Engineer
Bear Sir,

is per our discussions at the City Hall Wednesday May 26, 1993, with Igor Zahynacz,
Jeff Yip, Helge Jacobsen, Lawrence Blake and myself present, we tiad discussed and
determined a fast tracking approach to the re-alignment of the current dyke easement
to taka into consideration of the backyards and their relationship to tne Common
property of the Strata Corporation versus beiay Public lands. Our problem being that
we desperately require the City’s approval tu our Strata Subdivision to get Land Title
Registration. We have 24 families waiting to move in on or about June 26, 1993.

A‘ter you had polled Mr Jim Maitland Acting City Administrator, and the Mayor, we
undeystand that you would require some financial consideration for the described five
(5) meters of easement. The provided and agreed formula being 5/36 meters TIMES
the original purchase price of $176,800.00 (One Hundred seventy-six thousand Eight
Hundred Dollars) which is equal to $24,555.56 (Twenty-five thousand five hundred fifty
five dollars and fifty six cents).

To assist in the expedient solution to this problem, this letter will confirm our
acceptance of this proposal and purchase price of the subject property.

Respectfully Submitted.

ue

Quanta Enterprises Ltd
_OKLF Group

cc. Helen Anderson, Anderson Sayers

\TEM
—— 2610 Crawley, Coquitlam, BC 931-1375 fax 942-5802