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~~ JHE CORPORATION OF THE CITY OF PORT COQUITLAM

-Q-

to Mary Hill bypass
3. extensive drainage works

In my estimation, the front end cost to provide the above services may
be as high as two miliion dollars. This will have to be financed by the City
and recovered through development cost changes as new developments occur.
However; in my view, the recovery precess will be extremely slow. This
is due to expected low consumption rate of industrial lands in sub-area (3)
as the type of industrial sites produced in sub-area (3) is essentially the
same M-1 sites as available in quantity in sub-area (2). By merely opening
up more industrial land of the same type will not increase significantly the
amount of new industrial developments requiring the same type of land.

Contrary to the situation in sub-area (3), the front end cost to open
up sub-area (4), in my opinion, is only a small fraction of the cost required
in sub-area (3). Firstly, the sanitary sewer cost, although appears to be
$450,000 as indicated by GVSDD, can be reduced to roughly $340,000, equal
to the cost in sub-area (3). This is because that some of the sewer mains
shown in sub~area (4) are there only to provide connection .o sub-area (5).
If sub-area (5) is not to be serviced in the outset, then these extra sewer
mains in sub-area (4) can be eliminated, at least on a temporary basis until’
sub-area (5) is ready to be serviced. Secondly, major water main is already
existing at Trenton whereby the provision of water service is easy and
inexpensive. Kingsway if already existing. Surely, improvement is necessary.

; Drainage is the only outstanding
essential service which is not unresolveable. In my estimation, the overall
front end expenditure is probably in the order of $250,000 and the recovery
process is much quicker as the sites in sub-area (4) are heavy industrial
sites (M-2) the supply of which is now running short.

Pianning Considerations

Apart from the issue of costs, in the planning of the industrial area,
one of the most fundamental considerations is a balanced supply of various
types of industrial sites. This is essential in terms keeping the City in
a position of being capable of accommodating all types of potential industries.

As mentioned carlier, sub-area (3) will generate mainly M-] sites which
are ample in supply in sub-area (2). Sub-area (4) will generate heavy M-2 in-
dustrial sites because of the availability of rail service. As a matter of
fact, CPR has continually expressed interest in extending rail service to the
south side of Kingsway within sub-area (4). These are the most valuable site
in the City as they are capable of accommodating heavy industries which are the
real source of employment and tax base