March 12. 1990/064

NOW THEREFORE the City Council of the Corporation of ibe City of Port Coquitlam resolves as follows:

1. the City retains Penny and Keenleyside Appraisals Ltd., being a person designated A.A.C.I. by the Appraisal Iastitute of Canada and a person designated as a certified appraiser (ReI.B.C.) by the Real Estate Institute of British Columbia, to provide to the City the professional service of preparing an appraisal report in respect of the Lands; the appraisal report shall include a description of the Lands; date of the valuation, factual data necessary for the value estimate and the reasoning on which the estimate is based; the zoning, the highest and best use of the Lands in any provisions of che official Community Plan that are relevant to a determination of the highest and best use; and the final estimate of the value of the land;

the Mayor and Clerk are authorized on behalf of the City to execute and affix the Corporate Seal to a written agreement evidencing the retaining of Penny and Keenleyside to provide the said professional services.

Carried.

BUDGET DISCUSSIONS >

Council discussed the 1990 Civic Budget.

Moved by Alderman Keryluk: faconded by Alderman Gates:

That Budget requests be referred to the Administration Committee for investigation and report.

Carried.

ADJOURNMENT:

Moved by Alderman Keryluk: Seconded by Alderman Stewarts

That this meeting do now adjourn.

Carried.

At 8:20 p.m. the meeting adi-“rned.

Certified Correct,

he WTR neon)

City Clerk