THE CORPORATION OF THE avancne
CITY OF PORT COQUITLAM A 6 ER Eg

4s a

MAR 12 1990

BoR. Kirk March 8th, 1990
City Administrator

R.A. Freeman
City Clerk
Deputy Administrator

2769 Kitchener Avenue

RESOLUTION:

WHEREAS in respect of that certain parcel of land legally described as:

City of Port Coquitlam
PID 010-538-747

Lot "B", District Lot 4
Township 39

New Westminster District
Plan 19724

Council desires preparation of an appraisal report:

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

1.

the City retains Peuny and Keenleyside Appraisals Led., being a person
designated A.A.C.L. by the Appraisal Institute of Canada and a person
designated as a certified appraiser (R.I.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 the official Comunity 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 arc: 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.

BACKGROUND AND COMMENTS:

Passage of the above noted resolution constitutes the first step in the

expropriation proceedings contemplated with respect to the above noted
address. A map section showing the location of the property follows this

nemorandum.

R.A. Freeman
0 Q City Clerk