BYLAW BO. 2643

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

WHEREAS there is an wnappropriated balance of $7,556,846.03 as at Dacember
3iet, 1991 in the Tax Sale Lands Reserva Fund congisting of monies received
from the sale of tax sale properties imeluding tuterest earned thereon and set
aside in accordance with the provisions of Section 380 of the "Municipal Act”:

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

AND WHEREAS the following bylaws have been passed to authorize the expewiiture
of funds in the following amounts from the said amount in the Tax Sale Lands
Reserve Funds

Bylaw No. 2539 —- Coquitlam River Drainage $175,000.00
Bylaw No. 2552 — Trenton Avenue Sanitary

Sewers & Waterworks $450,000.00
Bylaw No. 2642 ~ Reeve St. Park

Construction $2,000 ,000.00

TOTAL

AND WHEREAS it is deemed desirable te expend from the amount so set aside the
sum o£ $200,000.00 to purchase real property and cover related costs.

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

lL. The sum of $200,000.00 is hereby appropriated from the Tax Sale Lands
Reserve Fund for the following purchase of real property and to cover
related costs?

Tha northerly 66 feet of Lot 20, Diatriet Lot 231, Group One, Plan
11613, New Westminster District.

2. Should eny of the amount appropriated remain unexpended after the

expenditures hereby authorized havea been made, the unexpended balance
shall be returned to the credit of the said Tax Sale Landa Reserve Fund.

piast THREE READINGS

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