SQUNCIL
FEB 0

4 125

DRAFT RESOLUTION

WHEREAS John J. Olson, 2991 Surf Crescent, Port Coquitlam, B.C.,
has deposited with the Corporation of the City of Port Coquitlam
the sum of $4,000.00, being a $2,000.00 deposit on each of the
undernoted lots: :

Let 4, Block G, District Lot 255, Group 1, Pian 2099
Lot 5, Block G, District Lot 255, Group 1, Plan 2099

both in New Westminster District

AND WHEREAS the established price of each of the said lots is
$20,000.00;

AND WHEREAS it is deemed desirable to sel the said lots to the said
John J. Olson at the established price;
NOW THEREFORE BE IT RESOLVED THAT:

Lot 4, Block G, District Lot 255, Group 1, Plan 2099
Lot 5, Block G, District Lot 255, Group 1, Plan 2099

both in New Westminster District

Be sold co John J. Olson, 2991 Surf Crescent, Port Coquitlam, B.C.,
at or for the sum of $20,000.00 each in accord with the terms of
the prospectus dated the llth day of April, 1979 and filed with the
Superintendent of Insurance of the Province of British Columbia,
SUBJECT:

to payment of the full purchase price of the lots within
thirty days of the date of passage of this resolucion, and,

to Building plans for the lots being subject to desigs
approval by the City's Senior Building Inspector to insure that a
varicty of housing styles are constructed on the property included
in the scheme;

AND THAT his Worship the Mayor and City Clerk be authorized to execute
the necessary conveyance or other necessary documents on behalf of the
City and to affix the Corporate Seal thereto,