THE CORPORATION OF THE CITY OF PORT COQU!TLAM

REAL PROPERTY FOR SALE BY TENDER

The Corporation of the City of Port Coquitlam invites tenders for the purchase of the undernoted property:

Lot 20, Block 20, SW 1/4 Section 7, Township 40, Plan 2797, New Westminster District.

This property is located at 1437 Lincoln Avenue, Port Coquitlam, 8.C. and is a single lot measuring 33 feet by 122 feet.

The property is presently zoned RS=3 (Estate Residential)

Tenders must be enclosed in sealed envelopes plainly marked on the outside "Tender for 1437 Lincoln Avenue" and addressed to:

R.A. Freeman,

City Clerk,

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

and be in his hands by 12:00 o'clock noon Thursday, October ist, 1987. Any tender received after this time will be returned unopened as will ali tenders inadvertently opened before the closing time as a result of not being adequately marked on the

outside of the sealed envelope as required.

Tendering Conditions and Terms of Sale

1. A certified cheque in the amount of 10% of the amount offered must accompany each Tender as a deposit and each tender wili be open for acceptance by the Counci |} for a period of 30 days. Upon a tender being accepted by the Counci! the balance of the offeredprice must be paid by the successful tenderer within 30 days or as Soon thereafter as requested or the deposit will be forfeited.

The certified cheques of the unsuccessfu! tenderers wil! be returned no later than 30 days after the closing time specified above.

No real estate commission of any kind whatsoever wil! be paid by the City.

Further information may be obtained from the undersigned.

The property Is belng sold on the condition that [+t must be consolidated with adjacent property. Further conditions are not acceptable.

The highest or any tender not necessarily accepted and the City reserves the right to waive minor deficiencies in a bonafide tender received by the closing

time.