Offers may be made subject to the rezoning of the property to an RS-2 Small Lot
Residential zoning designation. Offers should clearly state whether or not they are
subject to rezoning. If subject to rezoning the time for payment of the balance of the
purchase price, as specified in paragraph 1(c), shall be extended until 15 days after a
zoning amendment bylaw for the property has been adopted. This time limit may be
extended by mutual consent. If the property is not rezoned before August 13th, 1993,
(extendable by mutual consent) the sale agreement shall be terminated and all money
paid shall be refunded without interest. Zoning amendments are entirely within the
discretion of Council and the City does not warrant or represent that any rezoning will
be advanced or adopted. ,

No tender will be considered that contains any “subject” or conditional clansez
whatsoever; except as provided in Section 5 regarding the zoning of the property.

Further information may be obtained from the undersigned.

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 obsolute discretion may
determine.

The City does not warrant or represent that the property may be used in any particular
manner and tenderers who are intending to make any particular use of the property
should satisfy themselves, by independent inquiry, that the use is possible having
regard to all factors, including but not limited to the bylaws of the City, other
regulations, and the natural features of the land. Enquiry as to the use of the land in its
existing zone or by use of a Development Variance Permit may be made to the
Director of Planning. The City accepts no responsibility should any proposed use not
comply with all relevant regulations or prove otherwise infeasible.

Information regarding the servicing of the property may be obtained from the City’s
Engineering Department.

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

The lowest price (not including GST, servicing costs, Rezoning Application Fees,
Development Cost Charges, connection fees, or other costs and charges) that will be
accepted for the property is $100,000.00.

Port Coquitlam, B.C. Susan Rauh,
January 14th, 1993 City Clerk

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