eae BYLAW NO. 2317 A Bylaw to authorize The Corporation of the City of Port Coquitlam to dispose of portions of dedicated read in exchange for portions of land to be dedicated as road. WHEREAS The Corporation of the City of Port Coquitlam is desirous of cance! ling portions of road shown dedicated in the City of Port Coquitiam in the Province of British Columbia; WHEREAS the Registered Owner of the ftand described in Section 2 of this Bylaw has agreed to convey the said land to the City so that it may be established as an addition to the roads in the City. AND WHEREAS the "Municipal Act" being Chapter 290 of the Revised Statutes of British Columbia, 1979, provides that the Counci! may by Bylaw dispose of any portion of a highway in exchange for such lands as may be necessary for the purpose of improving, widening, straightening, relocating or diverting the highway; NOW THEREFORE the Municipal Council of The Corporation of the City ct Port Coquittam, in open meeting assembled, enacts as follows: The Corporation of the City of Port Coquitlam is hereby authorized to convey to the Registered Owner of the lands described in the next Section hereof ai! those portions of dedicated road shown hatched on a plan certified by Robert M. Reese, British Columbia Land Surveyor, dated the 23rd day of October, 1987, at or for the price or sum of $1.00 and in exchange for those certain parce!s or tracts of land described in The next Section hereof. The Corporation of the City of Port Coquitlam is hereby authorized to purchase of and from the Registered Owner thereof those portions of !and included within the heavy outline on a plan certified by Robert M. Reese, British Columbia Land Surveyor, dated the 23rd day of October, 1987, at or for the price or sum of $1.00 and in exchange for those certain parcels or tracts of land described in the preceding Section hereof. A copy of the plan referred to in Section 1 and Section 2 hereot is attached to this bylaw and made a part hereof. Those portions of road described in Section 1 hereof, are hereby closed and stopped up to traffic of all kinds. Those portions of land described in Section 2 hereof, when conveyed to the City, shal! be established as additions to the roads in the City. FIRST THREE READINGS