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THE CORPCRATION OF THE CITY OF PORT COQUITLAM

REAL PROPERTY FOR SALE BY TENDER

The Corporation of the City of Port Coquitiam invites tenders for the purchase of
the undernoted property:

Lots 4,5,6 and 7, Blocks 13 & 14, Plan 2045 -

Lots 11 & 12,.Block G, Plan 2099

Lots 1,2,3,4,9 and 6, Block L, Plan 2099 :

Lots 15,16, 17, 18,19,33,34,35,36 and 37, Block 17, Plan 2132

all in District Lot 255, Group One, New Westminster District.

Tenders must be enclosed in a sealed envelope plainty marked on the outside

"Tender for Langan Avenue Property" and addressed to:

R.A. Freeman,

City Clerk,

City of Port Coquitiam,

2272 McAllister Avenue,

Port Coquittam, B.C.
and be in his hands by 12:00 otclock noon, Thursday, July 19th, 1984. Any tender
received after this time will be returned unopened as will all tenders inadvertently
opened before the closing time as a result of not being adequately marked on the
outside of the sealed envelope as required.

This property is located west of Taylor Street on Langan Avenue and consists of
22 individual lots.

The property is presently zoned RS-1.

Terms of Sale: .

1. The City is encouraging the submittal of atternate residential development
proposals and offers made subject to rezoning to a zone appropriate for the
development proposed will be considered.

The property, has been appraised at $ 420,000. and this is the lowest price that
wild be accepted. If proposals are advanced that call for the Incorporation of
presently existing roads and lane allowances Into +he site, the lowest price that
will be accepted for such road and lane allowances Is $33.90 per square metre

($3.15 per. Sq. ftede

in avaluating which proposal may be accepted consideration will be given: not only
to the price offered but to the number of units proposed to be constructed, the
design proposed, and the method of untt ownership proposed; @.g- rental,
condominium, individual lots, etc. Submissions proposing & density greater than
30 units per hectare (12 units per acre) are untikely te receive favourable

consideration.