The total frontage of the three lots in question is
198 feet. Basing the cost per foot to develope the thirteen
undeveloped lots, the total cost for developing the street
would be: $319.00 per foot x 66 = $21,054.00 per lot x 13
= $273,702.00. This cost seems to be extremely high and we
feel that we are being charged with more than our share of
developement costs,

For our developement of 198 feet we are being asked to
install approximately 538 feet of 24 inch storm drain which
will benefit both sides of the street for the complete block.

We are also being asked to provide approximately 357
feet of 8 inch water main plus valvds and reducers, We are
under the impression that this water main begins at a much
smaller main but that we would be paying for future water
developements. We are also being asked to pay $16,000.00
towards underground wiring and we understand we wiil not
benefit from this until some future date.

We feel that we are being unjustly charged for our
share of developement costs on Marpole Avenue and it is
greatly jeopardizing the economics of developing a two
Storey building on three lots.

Therefore, we are requesting that some of these costs

be deferred and charged to other properties on the street
at the time of developement.

Yours truly,

AZ. (aay

Prank” Findlay

Ul, arb fle

age Giesbrecht

J.K. COOPER LTD,