Offers may be made subject to the rezoning of the property to single
family, two family and/or apartment zoning designation. Offers should
clearly state whether or not they are subject to rezoning, and if
Subject to rezoning, should include a plan indicating which areas of
the property are proposed for which zoning designation. If an offer
is made subject to rezoning, the time for payment of the full balance
of the purchase price and completion of the sale shall be extended
until 15 days after a zoning amendment bylaw for the property has been
adopted. If an offer subject to rezoning is accepted, and the
property is not rezoned before December 29th, 1989 the sale agreement
shail be terminated and all money paid shall be refunded without
interest. Zoning amendments are entirely within the discretion of
Council and the City does not warrant or represent that any rezoning
will be advanced or adopted.

No real estate commission of any kind whatsoever will be paid by the
City. .

Tenderers should conduct their own investigations into the fitness of
the property for any particular use as the City gives no Warranty
thereon. This investigation should include, but not necessarily be
limited to, matters such as the state of the City's title to the
property, soil stability on the property and in the area, topography,
drainage courses, and other matters that may affect the tenderer's use
of the land.

Information on services to the property may be obtained from the
City's Engineering Department. Payment of Development Cost Charges
and connection fees will be required.

Information on Zoning or other land use matters may be obtained from
the City's Planning Department.

Further information may be obtained from the undersigned.

The highest or any tender will not necessarily be accepted and the
City reserves the right to waive minor deficiencies in a bonafide
tender received by the closing time.

The lowest price that will be accepted for the property is
$3,600,000.00

Port Coquitlam, B.C. R.A. Freeman,
July 20ch, 1989 City Clerk/

17/3

Deputy City Administrator