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THE CORPORATION OF THE
CITY OF PORT COQUITLAM

MEMORANDUM

TO: BR. Kirk January 25th, 1985
City Administrator

FROM: RVA, Freeman
City Clerk

SUBJECT: Fraser Valley Regional Llorary Cost Sharing.

RECOMMENDATION;

That Council! enaorse The Fraser Valley Reglona!} Library Boarg

of Managementts recommendation that the uS@ of actual value

assessments In over a three year pertod beginning tn -
apportioning the member requisitions tn

BACKGROUND AND COMMENTS:

On December 17th, 1984 the Council! endorsed the Fraser Valtey
Reglona} Library Board of Management's racommendation that they
Use a "Converted base" as the basis for apportioning the member
requisitions In 1985, The Boardts recommendation concerning
The years after 1985 was not dealt with at that meeting and
Alderman Stewart, the Cityts representative to the Fraser
Valley Regional Liorary Board, has examined the situation ang
feels that the best interests of the l[lbrary system, and of the
City, would be Served by endorsing the Proposai to phase In
éctual value assessments,

Council members wl} | recall that this matter arises due To a
change in Provinclal Assessmant Polilcy whtch affects the baslis
Upon which the Ifbrary costs are Shared.

Alderman Stewart wili be able to offer a further verba}

explanation at the Counc! | meeting.

a Freeman
City Clerk

G-01/28/85