BYLAW NO. 2287

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

WHEREAS there /s an unappropriated balance of $6,399,385.56 as at June {ith, 1987
in the Tax Sale Lands Reserve Fund consisting of monies received from the sale of
+ax sale properties Including Interest sarned +hereon 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 31st, 1986 $ 3,285,686.38
Add:  Addittons to fund since December 3ist, 1986 § 4,133,699.18
Less: Previously authorized expenditure under $ 700,000.00
Bylaw No. 2246 ‘ ‘
Bylaw No. 2252 $ 320,000.00

Balance in Reserve Fund at June iith, 1987 $ 6,399,385.56

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

AND WHEREAS it is deemed destrable to expend from the amount so set aside the sum
of $120,000.00 to provide communication equipment for +he Fire Department of the

City;

AND WHEREAS the apprové: 37 +he Minister of Municipal Affairs has been obtained;

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

(a) The sum of $120,000.00 is hereby appropriated from the Tax Sale
‘ands Reserve Fund to provide communtcation equipment for the Fire

Department of the City;

The Municipal Council is hereby empowered and authorized to more
particularly specify and authorize by resolution all things necessary in

connection therewl The

FIRST THREE READINGS