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 a 2643 J