THE CORPORATION OF THE CITY OF PORT COQUITLAM

REAL PROPERTY FOR SALE BY TENDER

The Corporation of the City of Port Coquitlam invites tenders fc: the
purchase of the undernoted properties:

Lots 11 to 20, inclusive, Block 25, District Lot 174 and 289,
Plan 2080, New Westminster District and the lane located between these
properties.

This property is located on the south side of the 2300 Block Rindail
Avenue and the north side of 2300 Block Pitt River Road and consists of 10
individual lots and an intervening lane. The property is presently zoned A-1l
(Agricultural).

Tenders must be enclosed in a_ sealed envelope plainly marked on the
outside “Tender for 2300 Blk Rindall Avenue Property” and addressed to:

B.R. Kirk,

City Administrator,

City of Port Coquitlam,

Third Floor, 2580 Shaughnessy Street,
Port Coquitlam, B.C.

and be in his hands by 12:00 o'clock noon, Thursday, November lst, 1990. 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.

Terms of Sale

1. a.) A certified cheque in the amount of $5,000.00 payable to the City of
Port Coquitlam must accompany each tender as a deposit and each
tender will be open for acceptance by the Council for a period of 30
days.

Upon a tender being accepted by the Council a further installment of
$50,000.00 must be paid to the City by certified cheque by the
successful tenderer within five days of receipt of notice of
acceptance of the tender or the deposit will be forfeited.

The balance of the offered price must be paid by the successful
tenderer within 30 days or as soon thereafter as requested or the
deposit will be forfeited.

The certified cheques of the unsuccessful tenderers will be returned no
jater than 30 days after the closing time specified above. Unless a
tender specifies that in the event the tender is unsuccessful the cheque
is to be held for personal pickup from the City Hall ordinary mail will be
used for return. ITEM | PAGE

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