MAYOR AND ALDERMEN February 8th, FROM: THE LAND SALES COMMITTEE

_ Report from the Land Sales Committee Meeting held - Monday,

February 7th, 1972, at 11:00 aom.

a

Present: Alderman Mabbett Alderman Laking KJ. Stinson

Respectfully submitted.

Iten Z Re: Trade & Commerce Publication

Comments: We have been asked to participate in their advertising publication. In the past we have not entered an advertisement. Attached is

the pertinent information.

Recommendations The Committee recommends that we not participate in advertising in the Trade and Commerce magazine as the circulation is limited and does not appear to warrant the expenditure

of $325.00. ' Item II ‘FOR INFORMATION ONLY

Re: <A requeet for direction from our Building Inspector in regards to an application for addition to Ramsay Manufacturing on their site

at Coast Meridian and Kingsway.

The Committee unanimously agreed that no extension be permitted as the parcel is zoned A-1 agricultural and will remain in that zone until such time as all services are readily available.

Item IIT

Res Request for Sale of City property on Manning Avenue

Comments: Attached is a letter of request for the opportunity to purchase

city property at 1551 ~ 1561 Manning Avenue. The Committee discussed in depth the merits of offering these lots for swap, sale or maintain ownership. It was agreed that these lots be placed on the market with an upset price of §8,0CO, which ie up from the figure the land was posted at early 1971. The funds are needed for future purchase in the Geological reserve and other required land purchases.