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FREEMONT HOLDINGS LTD
#10, 9500 ERICKSON DRIVE
BURNABY, B, G, V3 LMB

ARugust 18, 1992

By Fax! 944-5407

City of Port Coquitlam
2580 Shaughnessy St,
Port Coquitlam, 8, «.
V3C 2A8

Attention: Mr. I. R. Zahynacz, F,Eny,
City Enginear

Acer Dear Siri:

ay

vy

RE: DOMINION DITCH UPGRADING

Pursuant to your meeting with our consultant on August Ll, Freemont
Holdings Utd. is prepared to pay $175,000.00 to the city for
upgrading of the ditches and culverts along Dominion Avenue, With
payment of these funds, the city, ak their discretion, can
undertake the necessary work,

This offer is conditional upon the removal of the clause in our
covenant as it pertains to completion of ditch improvements and
issuance of buiiding permits,

Bhould you have any questions ragarding this offer, please contact
the writer,

Yours truly,
FREEMONT HOLDINGS Lttb,

loom dor

Ross Elliott

ME LORS ys

Pay h Oe tds