The Corporation of the City of Port Coquitlam invites tenders for the purchase of the undernoted property:

Lots 1 - 36, Block 3, Section 6 Plan 1850, New Westminster District

This property is located on the west side of the 2400 Block Ottawa Street being approximately 1.335 ha (3.3 acres). The property is presently zoned A-1 (Agricultural).

Tenders must be enclosed in a sealed envelope plainly marked on the outside "Tender for 2400 Block Ottawa Street Property” and addressed to:

Susan Rauh

City Clerk,

City of Port Coquitlam,

Third Floor, 2580 Shaughnessy Street, Port Coquitlam, BC

V3C 2A8

and be in ner hands by 12. OO day, F 1. 1993. Any tender received after this time will be retumed unopened as will advertently opened before the closing time as a result of not being adequately marked on the outside of the sealed envelope as required.

Terms of Sale

1. a) A certified cheque in the amount of $5,000.00 payable to the City of Port Coquitlam must accompany each tender as a deposit and each tender will be open for acceptance by the Council for a period of 30 days.

b) Upon a tender being accepted by the Council a further installment of $45,000.00 must be paid to the City by certified cheque by the successful tenderer within five days of receipt of notice of acceptance of the tender or the deposit will be forfeited.

The balance of the offered price must be paid by the successful tenderer within 30 days or as soon thereafter as requested or the deposit will be forfeited. This time limit may be extended as provided in Section 5 and/or by mutual consent.

The certified cheques of the unsuccessful tenderers will be retumed no later than 30 days after the closing time specified above. Unless a tender specifies that in the event the tender is unsuccessful the cheque is to be held for personal pickup from the City Hail ordinary mail will be used for return.

Any Goods and Services Tax payable and all Property Purchase Taxes, Land Title Office and conveyancing costs will be the responsibility of the purchaser and will be additional to any amount tendered.

No real estate commission of any kind whatsoever will be paid by the City.

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