THE CORPORATION OF THE CITY OF PORT co rt) J

BYLAW NO. 2078

A Bylaw to author!ze the expend] ture of ihonlas
in the "Development Cost Charge Reserve Funds",

WHEREAS pursuant To Seatlon 719(7) of the

"Muntcl pas Act", belng Chapter 290,
ReS8.Ce, 1979, the Counal| estabilshed thyy

gslopment Cost Charge Reserve Funds;

AND WHEREAS [+ IS deemed Geslrabia to Oxpen & portion of The monies set aside In
The Development Cos+ Charge Heserve Funds;

AND WHEREAS Counels Ts Permitted unger Sectian 679(1) of

acquire Property In the muntclpar try for
of the Publles

The Muntelpal Aet to y
pleasure, recreation or conmunl ty use- . os -

NOW THEREFORE the Municipal Councli of The Corporation of the City of Port
Coqultiam In OREN meat lng SSSembied, enacts as follows:

Te The sum of 553,000 Is hereby appropriated fram the Public Opan Space Deva lopment
Cost Chdrge Resarve Fund to be Used for a capital Payment, Including Planning,
engineering ane lagat COSTS, for Providing publle Open space bv acquiring title

te that certain parcel of land situate In Por Coquitiam, British Columbla, which
Is more Particularly deserlbed as:

Lot 91 of Lots 56 8nd 37, Black une o¢ District lor 289, Group },
Plan 19019, New Westminster Distrier,

scquisition of whleh parcel of land Is heresy authorized,

Bo Shoutd any of tne 400ve amounts remaln unexpended after the oxpend! tures hereby
authorized has been Made, any UN@xpended balances shal! be returned to the cread!+
of The spec! ¢lag Reserve Fund,

3e =o THIS bylaw may be cited for at PUrPasSeS as rhe "Development Cost Charge Reserve
Fund Expand! ture Auther I zatlon Bytaw, 1985, Mo, 2078",

FIRST THREE READINGS

. See rap follauive

AL ety arte een ar eretacn nee eerie neta arenes: