THE CORPORATION OF THE CITY OF PORT COQUITLAM

MEMORANDUM

B.R. Kirk December 14th, 1989 City Administrator

R.A. Freeman

City Clerk Deputy Administrator

SUBJECT: City property at Reeve Street North of Pitt River Road.

RESOLUTION:

Whereas the lands hereinafter described not required for municipal nurposes nor are they reserved or dedicated;

NOW THEREFORE be it resolved that:

1. Lot 19, Block 16, Plan 2089; Lots 1, 2, 3, 4, and a 303 square meter portion of Lot 5, Block 3, Plan 1879; and a 1049 square meter portion of Block 4, Plan 9841; all in District Lots 174 and 289, Group One, New Westminster District, be sold to Adera Equities Inc., Suite 61) - 1111 Melville Street, Vancouver, B.C. V6E 3V6, or their nominee, if terms satisfactory to Council can be agreed upon and no preferable alternative proposal is received from any other person;

The City Clerk is hereby iostructed and authorized to publish and post the "Notice of Intention to Sell Real Property” Notice appearing in the Agenda document 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.

BACKGROUND AND COMMENTS:

The exact location of the property is shown on the map section following.

anal R.A. Freeman City Clerk Deputy Administrator