DRAFT RESOLUTION

That with respect to the Urban Renewal Scheme in the City of Port

Coquitlam:

1. All that property in the Scheme located West of Maple
Street be purchased from the Federal and Provincial
partners by The Corporation of the City of Port Coquitlam
at the rate of .80¢ per square foot to be used for park

purposes;

All that property in the Scheme located East of Maple
Street be purchased by the Corporation of the City of
Port Coquitlam at the rate of -§0¢ per square foot to be

used for free public parking for a period of eight years;

The total price to be paid for the lands aforesaid, at
the said rate of .80¢ per Square foot, is $60,666.43
resulting in a payment by The Corporation of the City of
Port Coquitlam to the Federal and Provincial partners of

a total amount of $45,511.20;

AND THAT the City's expenditure in this regard be taken from the

reserve established for that purpose.

.

cae

voy