THE CORPORATION OF THR CITY OF PORT COQUITLAM AUG 2 4 92 BYLAW NO. 2704 A Bylaw to authorize the Corporation of the City of Port Coquitlam to dispose of a portion of dedicated road in exchange for portions of land to be dedicated as road. WHEREAS the Corporation of the City of Port Coquitlam is desirous of cancelling a portion of road shown dedicated in the City of Port Coquitlam in the Province of British Columbia; WHEREAS the Registered Owner of the lands described in Section 2 of this Bylaw have agreed to convey land to the City in exchange so that it may be established as an addition to the roads in the City; AND WHEREAS the “Municipal Act” being Chapter 290 of the Revised Statutes of British Columbia, 1979, provides that the Council may by Bylaw dispose of any portion of a highway in exchange for such lands as may be necessary for the purpose of improving, widening, straightening, relocating or diverting the highway; NOW THEREFORE the Municipal Council of The Corporation of the City of Port Coquitlam, in open meeting assembled, enacts as follows: 1. The Corporation of the City of Port Coquitlam is hereby authorized to convey to the Registered Cwner of Rem. of Parcel A, Plan 71034: a 159.0 m@ portion of road in District Lot 480, Group 1, dedicated by Plan 20844, identified as Parcel "1" and shown hatched on a plan certified by Robert M. Reese, a British Columbia Land Surveyor, dated the 14th day of July, 1992; in New Westminster District, at or for the price or sum of $41,890.00 and in exchange for those certain parcels or tracts of land described in the next Section hereof. The Corporation of the City of Port Coquitlam is hereby authorized to dedicate: a 10.3 m@ portion of Parcel. A, Plan 71034, identified as Parcel “2" and shown within the heavy outline on a plan certified by Robert M. Reese, British Columbia Land Surveyor, dated the 14th day of July, 1992; in New Westminster District, at or for the price or sum of $1.00 and in exchange for that certain parcel or tract of land described in the preceding Section hereof. A copy of the plan referred to in Section 1 and Section 2 hereof is attached to this bylaw and made a part hereof. ITEM