3434 Roxton Avenue, Port Coquitlam, B. C., 29 April 1974 His Worship Mayor J. M. Campbell, The Corporation of the City of Port Coquitlam, City Hall, MA 2272 McAllister Avenue, Port Coquitlam, British Columbia. v 6 1974 - Dear Mr. Campbell: We are writing you with respect to a Bill presently before the Legislative Assembly of the Frovince of British Columbia, Bill No. 75, intituled "Residential Premises Interim Rent Stabilization Act", You and your Council are no doubt aware.that, under the terms of the preposed Bill, Section 3 (2), the Council of a Municipality may make application for exemption from the requirements of Section 2 of the Bill as they may be applicable to residential premises within the Municipality. As well, you are aware that the Municipalities of North Vancouver District, Burnaby, Richmond, and Coquitlam have already indicated their intention to request such exemption. It is understood that Surrey Council has discussed this matter as well. As the owners of a small apartment block in the City of Port Coquitlam, we are witnessing at first hand the problems of a shortage of housing in this area. We also note the complaints by members of Council, reported regularly in the Press, regarding the shortage of rental accommodation. It is obvious that operating costs of apartment property are not going to decrease, and if rents are frozen, even for an interim period, without operating costs and taxes being frozen as well, more and more disheartened apartment owners will attempt to convert their properties under the Strata Titles Act, or will have to take drastic Steps to limit their expenditures. This situation is not going to be to the benefit of those requiring rental accommodation. We respectfully urge you to seek the exemption of residential premises within the City of Port Coquitlam from the requirements of Section 2 of Bill 75. Yours truly, Klante aad) Cbaen Cyylesp) Danilo and Clara Brolese ce: All Aldermen Nore: Excerpt s Lom Actes attoched City Coen