THE CORPORATION OF THE CITY OF PORT COQUITLAM

BYLAW NO. 2342

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

WHEREAS there is an unappropriated balance of $2,864,416.01 as at February
22nd, 1988 in the Tax Sale Lands Reserve Fund consisting of mnies 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";
which amount has been calculated as follows:

Balance in Reserve Fund at December 3ist, 1987 $2,861,976 .01
Add: Additions to fund since December 3lst, 1987 $ 2440 .00
Balance in Reserve Fund at February 22nd, 1988 $2 ,864,416.01

AND WHEREAS no sinking funds have been or were required to be established;

AND WHEREAS it is deemed desirable to expend from the amount so set aside the
sum of $155,592.06 to purchase real property:

NOW THEREFORE the Municipal Council of The Corporation of the City of Port
Coguitlam, in open meeting assembled, enacts as follows:

1. The sum of $155,592.06 is hereby appropriated form the Tax Sale Lands
Reserve Fund for the following purchases of real property:

{a) Lots 17 and 18; District Lot 255, Group l,
Plan 2538; New Westminster District
(1950 McLean Avenue). $ 78,123.26

(b) Lot 2 (Except parts on plan tith bylaw filed

6287); Block C; District Lot 289; Group One;

Plan 1954; New Westminster District

(2384 Mary Hill Road) $ 77,468.80

$155,592.06

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