August 27, 1990/240

From the City Clerk, August 21st, regarding Sale of City Property —
3253 Sefton Street.

Moved by Alderman Laking:
Seconded by Alderman Gates:

WHEREAS the lands hereinafter described are not required for municipal
purposes nor are they reserved or dedicated;

NOW THEREFORE be it resolved that:

1. Lot 38 and Lot 39, Block 4, District Lot 47%, Group One, Plan 2145, New
Westminster District, Port Coquitlam, B.C., be sold to B.C. Telephone
Company, 3777 Kingsway, Burnaby, B.C. V5H 327, at or for the price or sum
of $160,000.00, in accord with the conditions stated in the tender call
and the offer received;

The adjustment date be not later than 15 days after the date the property
is zoned P-4;

The possession date be not later than 15 days after the date the property
is zoned P-4;

The Mayor and Clerk are authorized to execute the documents necessary for
the purpose aforesaid and to affix the Corporate Seal of the City thereto;

SUBJECT to the proviso that if the property is not rezoned P-4 prior
to January 31st, 1991 the proposed sale will be cancelled and the
$4,000.00 deposit paid will be refunded without interest.

Carried.

LATE ITEM:

From the City Engineer, August 23rd, 1990 regarding Northeast Sector
Drainage Study.

Moved by Alderman Laking:
Seconded by Alderman Gates:

That Council approve the award of the Northeast Sector Drainage Study to
Dayton & Knight Ltd. based on the submitted cost of $22,000.00.

And That Council allocate $22,000.00 from the 1990 Capital Works Budget
for this study.

Carried.