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THE CORPORATION OF THE CITY OF PORT COQUITLAM

BYLAW NO. 2708

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

WHEREAS there is an unappropriated balance of $7,556,846.03 as at December
3lst, 1991 in the Tax Sale Lands Reserve Fund consisting of monies receivad
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 funds in the following amounts from the said amount in the Tax Sale Lands

Reserve Fund:

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
Bylaw No. 2644 - Leigh Square Improvement 300,000.00
Bylaw No. 2707 - Works Yd./Fire Hall Design 750,000.00

TOTAL $3,675,000.00

AND WHEREAS it is deemed desirable to expend from the amount so set aside the
sum of $180,000.00 to pay the cost of planning and designing an expansion to
the City's Hyde Creek Recreation Centre located at 1379 Laurier Avenue.

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

lL. The sum of $180,000.00 is hereby appropriated from the Tax Sale Lands
Reserve Fund to pay the cost of planning and designing an expansion to the
City's Hyde Creek Recreation Centre located at 1379 Laurier Avenue.

Should any of the amount appropriated remain unexpended after the
expenditures hereby authorized have been made, the unexpended balance
shall be returned to the credit of the sald Tax Sale Lands Reserve Fund.