All that. portion of Road (Toronto Street) in the South West Quarter of Section 7, Township 40, New Westminster District shown dedicated on registered Plan 2797 included within the hatched area on reference plan certified by Robert M. Reese, British Columbia Land Surveyor and dated the 4th day of May, 1982, a copy of which is attached and containing an area of 202.9 meters square. All that portion of Road (Stratford Street) in the South West Quarter, of Section 7, Township 40, New Westminster District shown dedicated on registered Plan 2797 included within the hatched area on reference plan certified by Robert M. Reese, British Columbia Land Surveyor and dated the 4th day of May, 1982, a copy of which is attached and containing an area of 0.3639 ha, at or for the price or sum of $95,275.00 and in exchange for those certain parcels or tracts of land described in the next Section hereof. 2. The Corporation of the City of Port Coquitlam is hereby authorized to purchase of and from the Registered Owner thereof ALL AND SINGULAR that certain parcel or tract of land and Premises which may be more particularly described as follows: All that portion of Lot 47 in the South West Quarter, of Section 7, Township 40, New Westminster District as shown on registered plan 26192 included within the heavy outline on reference plan certified by Robert M. Reese, British Columbia Land Surveyor and dated the 4th day of May, 1982, a copy of which is attached and containing an area of 0.1745 ha.