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THE CORPORATION OF THE CITY. OF PORT COQUITLAM

PUBLIC NOTICE

REAL PRCPERTY FOR SALE BY TENDER

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Notige is hereby given that The Corporation of the City of Port Coquitlam intends to sell the parcel of land hereinafter described to Gavel Development Ltd., Suite 516 ~ 355 Burrard Street, Vancouver,

B. C. SUBJECT to the said Gavel Development Ltd. conveying Lot 6 and Lot

8 of the South-east Quarter of the South-west Quarter of Section 7, Township 40, Plan 1329 to the City cf Port Coquitlam for the sum of One ($1.00) Doliar: :

~Lot 115, District Lots 255 and 384, Group One,

Plan 47284, New Westminster District. Location: North-east corner of Taylor Street and Pooley Avenue.

Size: - 7.85 acres with a frontage on Pooley Avenue of 462.06 feet and a frontage on Taylor Street of 1,084.24 feet.

Zoning RS-2 (One-Family Suburban Residential).

Special That portion of the said Property shown outlined red on

Condition: Right-of-Way Plan No. 47285 is subject to a Right-of-Way Agreement filed in the New Westminster Land Registry Office on November 13th, 1974 under No. K116741.

TYerms: In addition to conveying Lot 6 and Lot 8 of the South- east Quarter of the South-west Quarter of Section 7, Township 40, Plan 1329 to The Corporation: of the City of Port Coquitlam, Gavel Development Ltd. will be required to pay the sum cf $14,000.00 to the City and it is expected that this sum will be paid by way of an Agreement for Sale extending over a maximum period of five years with interest payable at the current rate charged by Central Mortgage and Housing Corporation for first mortgages.

INVITATION: Any person wishing to bid on this property or submit any alternate

proposal whatsoever is advised to submit the same in a sealed envelope

addressed to:

R. A. Freeman,

City Clerk,

City of Port Coquitlam, 2272 McAllister Avenue, Port Coquitlam, B. C.

‘fer receipt before 12:00 o'clock noon on Thursday, December 5th, 1974.

The lowest price that will be accepted for the property is One

($1.00) Dollar.

City Hall, City Clerk

‘Port Coquitlam, B.C.

November 27th, 1974,