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COUNCI

THE CORPORATION OF THE CITY OF PORT COQUITLAM FEB 17 1986

BYLAW NO. 2165

A Bylaw to provide tax reductions for new industrial
improvements under the provision of Section 3 of the
Provincial-Municipal Partnership Act.

WHEREAS the Counci! of the Corporation of the City of Port Coquitiam is empowered by
the Municipal Act to impose and levy taxes for all lawful general and debt purposes on
the value of ftand and improvements: ,

AND WHEREAS the Council has entered into an agreement with the Minister of Municipal
Atfairs pursuant to Section 2 of the Provincial-Municipal Partnership Act:

NOW THEREFORE the Municipal Council of the Corporation of the City of Port Coquitiam
in open meeting assembled enacts as follows:

1. tn this bylaw "eligible improvements" mean improvements within the meaning of the
Assessment Act that are

(a) within the industrial class of improvements prescribed under Section 26 of
the Assessment Act or within the industrial..class of improvements prescribed
by the Lieutenant Governor in Council under the Provincial-Municipal

Partnership Act, and -

entered on or eligible to be entered on an assessment rol! for the first
+ime after September 29th, 1986 as specified in fhe Provincial-Municipal

Partnership Agreement.
in this Bylaw "Tax" means a tax payable under Section 273(a) and (b) of the
Municipal Act.

In accordance with Section 3(2) and 3(3) of the Provincial-Municipal Partnership
Act, the taxes levied under Section 273(a) and 273(b) of the Municipal Act on
eligible improvements shall be reduced in the years and by the percentages

indicated below

1987 50 percent
1988 50 percent
1989 50 percent
1990 50 percent