TELEPHONE &82-6821

. SOO CANADA TRUST BUILDING.
90S. WEST PENDER STREET

; LANDO 8 COMPANY VANCOUVER, B.C. V6C ILS
BARRISTERS 8 SOLICITORS
HERMAN FRYDENLUND MIR t. HUCULAK
H LLOYD H. AASEN : MURRAY A, BRAATEN .
ESMOND LANDO,O.C. REPLY ATTENTIO!
ASSOCIATE COUNSEL * . . DEC 2 9 1982

December 20, 1982

City of Port Coquitlam
2272 McAllister Street
Port Coquitlam, B.C. .

Attention: City Clerk

Dear Sirs:

Re: City of Port Coquitlam to Carnoustie Recreation
and Development Ltd. on 533 Dominion Avenue, Port
Coquitlam, B.C. and Carnoustie's Mortgage of a
Lease to Crown Life Insurance Company

We wish to advise that we act for Crown Life Insurance Company who are
in the process of granting a second mortgage which will encumber the above
captioned property.

‘ In this regard, we are enclosing herewith a copy of Mortgage of a Lease :
: from Carnoustie Recreation Development Ltd. to Crown Life Insurance Company : al
: together with a copy of the Modification of Mortgage of a Lease for your perusal. 7 ee

po Also enclosed herewith please find a copy of the consent which was

: previously granted in relation to the Ist mortgage granted by Crown Life Insurance

: Company. Could you please endusre that the approval of this Mortgage of a Lease :

po is in Council's Weekly Agenda in order that we may proceed with the granting

: of this mortgage as quickly as possible. It is anticipated that the first advance : ~
will be made pursuant to this mortgage loan on December 24, 1982.

We thank you for your cooperation and request that you contact the
writer should you have any questions as to the granting of the approval by
the City of Port Coquitlam.

Yours very truly,

LANDO & COMPANY

a=
- “>

Per:
. Braat
RECOMMENDATION: Murray A. Braaten
That the Municipal Council approve the mortgage of lease
between Carnoustie Recreation and Development Ltd. and

Crown Life Insurance Co.
| Le Z,
: . aA

B.R. Kirk ‘
City Administrator