THE CORPORATION OF THE CITY oF PORT COQUITLAM

LOU
BYLAW NO. 1880 |
ae

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

“ APR 26 1982

Reserve Fund.

WHEREAS there is an unappropriated balance of $2,360,645.23 as at

January 21st, 1982 in the Tax Sale Lands Reserve Fund consisting of monies

received from the sale of tdx sale properties including interest earned
thereon and set aside in accordance with the provisiong of Section 380 of

the "Municipal Act", which amount has been acleulated as follows:

Balance. in Reserve Fund at July 10th, 1980 $ 1,062,019.54

Add: Additions to fund since July 10th, 1980
including interest earned to January

21st, 1982 $ 1,298,625.69

Balance in Reserve Fund at January 21st, 1982 $ 2,360,645.23

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 $1,750,000.00 to construct a library on Property owned by the City

and situated at the southeast corner of Mary Hill Road and Wilson Avenue;
AND_ WHEREAS the assent of the electors has been obtained;

AND WHEREAS the approval of the Minister of Municipal Affairs has been

obtained;

,

NOW THEREFORE the Municipal Council of The Corporation of the City of

Fort Coquitlam, in open meeting assembled, enacts as follows:

l. The sum of $1,750,000.00 is hereby appropriated from the Tax Sale Lands

Reserve Fund to construct a Library on property owned by the City and situated
at the southeast corner of Mary Hill Road and Wilson Avenue.

2. The Municipal Council is hereby empowered and authorize to undertake,

carry out, or cause to be carried out, the construction of the said Library

generally in accord with the plans and specifications that have been placed

more particularly specify and

FINAL READING

on file in the office of the City Clerk and to

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