MAR - 1 1993

THE CORPORATION OF THE CITY OF PORT COQUITLAM

BYLAW NO. 2764

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

there is an unappropriated balance of $8,488,901.29 as at December 31st, 1992 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;

WHER it is deemed desirable to expend from the amount so set aside the sum of
$190,000.90 to purchase real property,

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 $190,000.00 is hereby appropriated from the Tax Sale Lands Reserve Fund for
the following purchase of real property,

Lat 3, District Lot 379, Group One,
Plen 17609, New Westminster District
(2523 Wilsen Avenue)

The detailed purchase arrangements with respect to the expenditures authorized by this
bylaw have been more particularly specified by resolution of the Council.

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.

This Bylaw may be cited for all purposes as the "Tax Sale Land Reserve Fund Property
Purchase Expenditure Bylaw, 1993, No. 2764".

FIRST THREE READINGS