January 11, 1 12

The City Clerk is hereby instructed and authorized to publish and post the "Real Property
for Sale By Tender" notice appearing in the Agenda documents of this Council Meeting;

The terms and conditions contained therein are hereby approved;
The City Clerk carry out the procedures set out therein;

Council reserves the right to accept any bid or to reject all of the bids if Council in its
absolute discretion determines that rejection is appropriate.

Carried.

NEW BUSINESS:

Councillor Gordon referred to the Federation of Canadian Municipalities message
regarding the Government’s Economic and Fiscal Statement showing that it expects to cut $80
million from projected increases in GIL payments during 1993-94 and 1994-95. The loss of
revenue to municipalities would go on indefinitely due to the proposed change in the way GILs
are calculated.

This is a classic case of downloading. Unavoidable mill rate increases based on the
provision of services to federal properties would yield no increase in federal GIL payments for
an indeterminate period. .

The new formula for calculating GILs will permanently reduce the revenue which
municipalities would otherwise have received.

Moved by Councillor Gordon:

From Councillor Wright regarding the Fraser Valley Regional Library Budget, referred to
the City concerns with the present cost sharing formula inequities.

Moved by Councillor Wright:

That the Fraser Valley Regional Library Board reassess the cost sharing formula iniquities
which have resulted in our capita cost increasing by $1.09 in 1993 while other areas appear to be
substantially lower.

Carried.