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TAR CORPORATION OF THR CITY OF PORT COQUTILAM

DEC - 9 1991
RYLAW NO. 2631 JAN 6 ~ 1992

A Bylaw te authorize the expenditure of monies
in the Tax Sale Lauds Reserve Fund.

WHEREAS there is an unappropiiated balance of $8,743,809.74 as at Decenber
Slat, 1990 in the Tax Sale Lands Reserve Fuad consisting of monies received
from the sale of tax sale properties including interest 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 expenditure
of funda in the fcllowing amounts from the said amount in the Tax Sale Landes
Regerve Fund:

Bylaw No. 2465 ~ Dyke Construction $154,000.00
Bylaw No. 2514 ~ Recycling Equipment $400,000.00
Bylaw No. 2539 ~ Coquitlam River Drainage $175,000.00
Bylaw No. 2543 ~ Lobb Avenue Construction $181,000.00
Bylaw No. 2552 ~ Trenton Avenue Sanitary
Sewers & Waterworks $456,000.00
Bylaw No. 2560 ~ Purchase 2568 Pitt River $305,000.00
Bylaw No. 2584 ~ Langan Ave. Construction $190,130.00
Bylaw No. 2599 ~ Purchase 1675 Broadway $699,000.00
Bylaw No. 2613 ~ Purchase 2505 & 2517
Wilson Avenue $418,000.00
Bylaw No. 2617 ~ Purchase 2535 Wilson Avenue $242,000.00
Bylaw No. 2618 ~ Building Maintenance Reserve $250,000.00

TOTAL $3 464,130.00

; AND WHEREAS it is deemed desirable to expand from the amount so set aside the

te aum of $189,000.00 ag the City's share of the construction costs of 398 lineal
metres of roadway including storm sewera, curbs, boulevard, and pavement oa a
road proceeding east from the south foot of Coast Meridian Road across
Remainder of Lot 1, Sketch 6040, as detailed on City of Port Coquitlam Drawing
No. $20/91 dated 91-09~26;

NOW THEREFORE the Municipal Council of The Corporation of the City of Port
Coquitlam, im open meeting assembled, enacts as fullows:

1. (a) The Municipal Council ia hereby empowered and authorized to expend
the sum of $189,000.00 from the amount so set aside as the City's
share of the construction costa of 398 lineal metres of roadway
including storm sewers, curbs, boulevard, and pavement on a road
proceeding east from a point just north of the south foot of Coast
Meridian Road across Remainder of Lot 1, Sketch 6040, as detailed on
City of Port Coquitlam Drawing Pere Q1dated 91-09-26;