THE CORPORATION OF THE CTTY OF PORT COQUITLAM

BY-LAW NO. 1690

A By-law to assess, levy and collect the cost of the work of local
improvement authorized by By-law No, 1632 of The Corporation of the City
of Port Coquitlam.

WHEREAS pursuant to By-law No. 1632 of The Corporation of the City
of Port Coquitlam, being the "Hamilton Street (3600 Block) Pavement,
Extruded Concrete Curb and Storm Sewer Local Improvement Construction
By-law, 1978, No. 1632" reconsidered, finally passed and adopted on the
Twenty-third day of October, 1978, Pavement ~ 28! width, Storm Sewer,
and Extruded Concrete Curb; all of a "local street" construction standard
on a normal construction schedule have been constructed on Hamilton
Street from the north boundary of Patricia Avenue to the south boundary
of Lincoln Avenue, in the City of Port Coquitlam as a work of local
improvement under the provisions of Part XVI of the "Municipal Act", as

amended;

AND WHEREAS the estimated lifetime of the work 4s twenty (20)
years;

AND WHEREAS the Treasurer has certified the total cost of the work
to be Sixty-four Thousand One Hundred Twenty-three Dollars and Forty-
seven Cents ($64,123.47) of which Forty-seven Thousand Five Hundred Four
Dollars and Twenty-nine Cents ($47,504.29) is the City's portion of the
cost and Sixteen Thousand Six Hundred Nineteen Dollars and Eighteen
Cents ($16,619.18) is the owners' portion of the cost, calculated at the
rate of $13.75 per. foot of taxable foot frontage ag provided in the
"Local Improvement Charge By-law, 1969, No. 912", as amende?:

AND WHEREAS it is Proposed to borrow both the City's portion of the
cost of the work and the owners! portion of the cost of the work pursuant
to borrowing authority granted by the Inspector of Municipalities;

AND WHEREAS the actual foot frontage of the parcels of land benefitting

from or abutting the work is 1208.67" feet and the taxable foot frontage

of the parcels of land benefitting from or abutting the work is 1208.67

feet;

AND WHEREAS it is Recessary to impose a frontage-tax upon the

parcels benefitting from or abutting the work in order to recover the

owners! portion of the cost, plus interest;