THE CORPORATION OF THE CITY OF PORT COQUITLAM

REAL PROPERTY FOR SALE BY TENDER

INSTRUCTIONS TO TENDERERS

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

Lot 200, Southeast 1/4 Section 7, Township 40, Plan 36681.

The property is located at 1065 Lynwood Avenue and has a total area of
approximately 0.7972 ha (1.97 acres).

Tenders must be enclosed in a sealed envelope plainly marked on the outside
“Tender for Lynwoed Avenue Property” and addressed to:

Susan Rauh

Acting City Clerk

City of Port Coquitlam

City Hall, 2580 Shaughnessy Street
Port Coquitlam, B.C.

and be in his hands by 12:00 o'clock noon, Thursday, November 22nd, 1990. Any
tencer received after this time will be returned unopened as will ali tenders
inadvertently 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 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.

Upon a tender being accepted by the Council a further
installment of $20,000.00 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.

The certified cheques of the unguccessful tenderers will be returned
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 Hall ordinary
mail will be used for return.

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