COUNC

THE CORPORATION OF THE CITY oF PorT coguittam FEB 17 {986
BYLAW NO. 2165 MAR 3~- 1986.

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

WHEREAS the Council! of the Corporation of the City of Port Coquitlam is empowered by
the Municipal Act to impose and levy taxes for all lawful genera! and debt purposes on
the value of land 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 Coquitlam
in open meeting assembled enacts as follows:

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

(a) within the industrial ctass 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 Provinciai-Municipal

Partnership Act, and

entered on or eligibie to be entered on an assessment roll for the first
time after September 29th, 1986 as specified In the 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 Provinciai-Municipal Partnership

Act, the taxes levied under Section 273(a) and 273(b) of the Municipal Act on
eligible improvements shal! be reduced in the years and by the percentages

indicated below
1987 50 percent
1988 50 percent

1989 50 percent
1990 50 percent

FINAL REAOING