THE CORPORATION OF THE CITY OF PORT COQUITLAM C 0 U N ( | [

NOV 22 1982

MEMORANDUM

B.R. Kirk, November 16th, 1982.
City Administrator. ;

R.A. Freeman,
City Clerk.

SUBJECT: © Purchase of Parkland - Apel Drive at Lynwood

RECOMMENDATION:

THAT Council give consideration to passage of the following resolution:

“THAT Lot 449, South West 1/4, Section 7, Township 40, Plan 62790, New
Westminster District be purchased from Cressey Development Corporation for the
sum of $1.00;

THAT the possession and adjustment date be January lst, 1982;

AND THAT His Worship the Mayor and City Clerk be authorized to execute
the necessary documents therefore and to affix the Corporate seal thereto."

BACKGROUND AND COMMENTS:

The location of the above noted property is shown on the map attached to
this memorandum and it is a fairly large area of parkland that should have been
transferred to the City by Cressey Development Corporation when their subdivision
plan of the property on the northside of Lynwood was deposited in the Land Title office
last year. Unfortunately, this was. overlooked and it resulted in the parkland lot
remaining in the name of Cressey Development Corporation with the result that taxes
were assessed against the property last year. Insofar as the City taxes are concerned
this has no practical effect but because of this error by Cressey the amount of /
$866.18 is actually payable to other taxing agencies, such as the School Board. This
matter has been under discussion with the principals of Cressey Development Corporation
since June of this year and that firm is quite unwilling to accept any responsibility
for the payment of any amount whatsoever, although they are prepared to convey the
property to the City for the nominal $1.00.

We are recommending that January lst be set as the adjustment date for
this purchase as that then makes the City responsible for payment of taxes and
although we do not really think the $866.18 amount should really be for the account
of the City we nevertheless feel that it is worthwhile to pay this amount to insure
that the property does come under City ownership. It is regrettable that this transfer

did not take place last year.

Wow

City Clerk.