THE CORPORATION OF THE C 0 UJ N ( | [ -
CITY OF PORT COQUITLAM |
MEMORANDUM APR 16 1984

TO: B.R. Kirk, April lith, 1984.
City Administrator

FROM: R.A. Freeman,
City Clerk.

SUBJECT: Property Exchange - Dyke Right-of-Way ~ Canadian
Forest Products Limited

RECOMMENDATION:

That the City Clerk be authorized to publish and post the
"Notice of Disposition of Real Property" referring to a
proposed land exchange between the City and Canadian Forest

Products Limited.

BACKGROUND AND. COMMENTS

As most Council Members are aware the City has engaged for some
time now in a series of complicated transactions designed to
ensure that the Dyke along the Pitt River is located on tand
entirely owned or controlled by the City. [tn dealing. with a
smat! section of Dyke adjacent to Canadian Forest Products
Limited property at the foot of Coast Meridian Road we have’ now
reached the stage where a property exchange can take place.
This is being done on a "no cost" basts to either party; the
cost of the necessary Subdivision Plan having been part of the
Dyke Reconstruction Program. ‘There wild, however, be some
Incidental expenses to the City In connection with legal fees
and Land Title Office filing fees, etc,

One of the unusua! complications in this particular transaction
is that Canadian Forest Products Limited want to retain a right
of access across the dyke and that firm Is not exactly sure
where it would want the access to be located. Accordingly, if
the Council are agreeable to proceeding with this transaction;
when the final documents are presented to the Council! for
approval one of the documents for which the Council's approval
will be requested is an agreement stating the terms under which
the City would agree to grant a right-of-way at a jiocation to
be determined in the future. This has been checked out by our
Solicitor and by our Engineering Department and neither can see

any problems arising.