THE CORPORATION OF THE CITY OF PORT COQUITLAM

COUNCIL

CT 20 1980
TO; Mayor and Counct1 October 15th, 1980.

FROM: Land Sales Committee,

: The Land Sales Committe met on Tuesday October 7th and discussed the
following items:-

i. Sale of Residential Lots - 1792 Coquitlam Avenue
~ 1791 Suffolk Street

Council previously agreed to the sale of these two residential lots
and asked the Committee to sat an upset price. Council may recall that these
were recently the subject of a Re«zoning Public Hearing and the residents of the
area request that these be sold only for the construction of single family dwellings.
‘The Committee has had an appraisal prepared and recommends that the lot
on Coquitlam Avenue be offered for sale at an upset price of $40,000 and the lot on
Suffolk Strect be offered at an upset price of $42,000, In addition the notices
advertising the sale should state that the properties are being offered solely for
the construction of single family dwellings and the title will not pass until
@ingle family residences are under construction.

2- Disposal of Road Allowances ~ Killarney Street

In connection with the application from Cressey Development Corporation
for a residential subdivision off Victoria Drive, the Committes was asked to determine
a price for the closed road allowances within this area. The Committee recommends
the price of $2.00 per square foot for any land being conveyed,