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THE CORPORATION OF THE CITY OF PONT COQUITLAM

DEC " o 7990

BYLAW No. 2561

A Bylaw to authorize the expenditure of monies
in the Tax Sale Lands Reserve Fund.

WHEREAS there is an unappropriated balance of $11,123,583.00 as at December
3lst, 1989 in the Tax Sale Lands Reserve Fund consisting of monies received
from the sale of tax sale properties including interest earned thereon and set

aside in accordance with the provisions of Section 380 of the "Municipal Act”;

AND WHEREAS no sinking funds have been or were required to be established;

AND WHEREAS the following bylaws have been passed to authorize the expenditure
of funds in the following amounts from the said amount in the Tax Sale Lands
Reserve Fund:

Bylaw No. 2375 $610,000.00
Bylaw No. 2460 $350,000.00
Bylaw No. 2465 $154,000.00
Bylaw No. 2489 $300,000.00
Bylaw No. 2496 $390,000.00
Bylaw No. 2497 $2 000,000.00
Bylaw No. 2514 $400,000.00
Bylaw No. 2538 $290,000.00
Bylaw No. 2539 $175,000.00
Bylaw No. 2543 $181,000.00
Bylaw No. 2551 $180,000.00
Bylaw No. 2552 $450,000.00

TOTAL $5, 480,000.00

AND WHEREAS it is deemed desirable to expend from the amount so set aside the
sum of $82,500.00 retain the firms of J. Reeve Consultants Ltd., Toby Russell
Buckwell and Partners and Intercad Services Ltd. to design and complete the
working drawings for the active area of Reeve Street Park.

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

1. The sum of $82,500.00 is hereby appropriated from the Tax Sale Lands
Reserve Fund to be expended for the purpose of retaining the firms of J.
Reeve Consultants Ltd., Toby Russell Buckwell and Partners and Intercad
Services Ltd. to design and complete the working drawings for the active
area of Reeve Street Park.

Should any of the amount expropriated remain unexpended after the

expenditures hereby authorized have been made, the unexpended balance
shall be returned to the credit of the said Tax Sale Lands Reserve Fund.

FIRST THREE READINGS