| Resolutions:
re Sale of
City froperty.

February 22nd, 1982.

RESOLUTIONS:

Moved by Alderman Vater:

Seconded by Alderman Laking:

That the Agreement of Purchase and Sale submitted by Shaughnessy
Housing Co-Operative c/o 1954 West 6th Avenue, Vancouver, B.C. submitted
in response to a "Public Notice - Real Property for Sale by Tender"
dated January 29th, 1982 and referring to the undernoted lands and

premises:

Lots 9 and 10

Block 2

District Lot 289

Group 1

Plan 2396

New Westminster District

Lots 12 and 1.3

Block 5

District Lot 289

Group 1

Plan 2396

New Westminster District

Parcel A (Bylaw Plan 62823)
District Lot 289

Group 1

Plan 2396

New Westminster District

wherein the said Shaughnessy Housing Co-Operative offers to purchase the
said lands and premises from the City for the price of $237,768.00 be

accepted;

AND THAT His Worship the Mayor and City Clerk be authorized to

execute the "Venders Acceptance of Offer" required as well as all other
deeds, documents, or plans required to complete the transaction subject
to compliance with the terms of the said offer.

Prior to the question being called on the foregoing resolution
Alderman Laking suggested that the compietion date of the sale be amended
to read the tenth day of March, 1982, and that the agreement include the
requirement for right-of-ways if necessary, and that the development be
restricted to Co-Operative Housing.

Moved by Alderman Laking:

Seconded by Alderman Vater:

That Item 2 on Page 2 of the Agreement of Purchase and Sale be

amended to read: “on or before the tenth day of March, 1982";