TUE CORPORATION OF THE CITY OF PORT COQUITLAM, BY-LAW NO. 1798 U \ C 1Z 196} A By~law to aseese, levy and collect the Coat of the. work of local JA improvement authorized by By-law No. 1747 of The Corporation of the City JAW 2 § 188 of Port Coquiclam. . WHEREAS pursuant to By-law No. 1747 of The Corporation of the City of Port Coquitlam, being the "Langan Avenue Pavement, Storm Sewer, and Concrete Curb, and Gutter Local Improvement Construction By-law, 1980, Wo. 1747" reconsidered, finally passed and adopted on the Fourteenth day of April, 1980, Pavement - 36" width, storm sever, and concrete curb and gutter all of a "Local Street" construction standard on a normal construction schedule; have been constructed on Langan Avenue from the (east boundar, of Brown Street to the west boundary of Broadway Streer, 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 is twenty (20) years; AND WHEREAS the Treasurer has certified the total cost of the work to be One Hundred Eight Thousand Five fundred Sixty-one Dollars and Fifty-three Cents ($108,561.53) of which Twenty-Five Thousand Two Hundred ‘Five Dollars and Fifty-five Cents ($25,205.55) is the owners’ portion of the cost, and Eighty-five Theusand Eight Hundred Forty-four Dollars and ¥Yorty-five Cents ($85,844.45) is the City's portion of the cost, calculaced “at the rate of $15. 00 per foot of taxable foot frontage as provided in the "Local Improvement Charge By-law, 1969, No. 912", as amended; AND WHEREAS the City's portion of the cost of the work will be borrowed Bbursuant to borrowing authority granted by the Inspector of Municipalities; AND WHEREAS the owners' portion of the-cost has been paid from the Local. Improvement Fund; | SS AND WHEREAS the actual foot-frontage of thesparcels of land benefitcing from or abutting the work ig 1,787.35 feet and the taxable ‘foot ~frontage of the parcels of land benefitting from or abutting the work is 1,680.37 feet; AND WHEREAS it is necessary to impose a frontage~tax upon the parcels benefitting from or aburting the work in arder to recover to the Local Improvement Fund the owners’ “portion of the cost, plus interest; FIRST -FHREE ASA DOS FINAL READING