To

2

Je

ny
i Ae

BYLAW NO. 2078

A Bylaw to authorize the expend! ture of montes
In the. "Development Cost Charge Reserve Funds",

JAN 28 i8a5.
WHEREAS pursuant to Section 719(7) of the "Muntefpal Aer, baing Chapter 290,
R.S.B.Ce, 1979, the Counct | astablished Devetopment Cost Charge Reserve Funds;

AND WHEREAS it Is deemed deslrabie-to expend a portion of the monies sat aside tn
The Development Cost Charge Reserve Funds:

AND WHEREAS GCouneli Ts permitted under Seerlon 67961) of the Munteipal Act ta

acgulre property In the muntectpality tor pleasure, recreation or” community uses
of the public;

NOW THEREFORE the Muntelpal Counell of The Carporation of the City of Port
Coquitiam fn open meeting assembled, snacts as follows:

The sum of $33,000 [3 hereby appropriated from The Publica Open Space Development
Cost Charge Reserve Fund to be used for 2 capital payment, Including planning,
engineering ana legal costs, for proviatng publle open Space by acquiring title

To That certaln parcal of land situate In Porr Coquitiam, British Colunbla, whtch
is more particularly deserlbad as:

Lat 91 of Lots 36 and 57, Block tNn o¢ Olstriet Ler 289, Group 1,
Plan 19019, New Wostmingster Distrier,

acquisition of whleh parcel of fand fs hereby author! zed,

Should any of the above amounts remaln unexpended after the expenditures hereby

auThor{ zed has been made, any unexpended balances shalt be returned to the credit
of the specified Reserve Fund.

This bylaw may be clted tor ail purpeses as the "Development Cost Charge Reserve
Fund Expenditure Author i zation Bylaw, 1985, Now 2078",