THE CORPORATION OF THE CITY OF PORT COU N C

MAY 2 1983

BYLAW NO. 1974

A Bylaw to provide for the Appropriating from the "Local Improvement
Fund" of the sum of $17,713.30 required to meet the owners! portion
of the cost of the work authorized by Bylaw No. 1689.

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

For the purpose of meeting the owners’ portion of the cest of the work authorized
by the "Newberry Street Paving, Extruded Concrete Curb and Storm Sewer Local
Improvement Construction Bylaw, 1979, No. 1689" there shall be appropriated from
the "Local Improvement Fund" of the Corporation the total sum of $17,713.30.

The said sum appropriated pursuant to Section 1 hereof shall be transferred from
the "Local Improvement Fund" on the date of the final adoption of this bylaw and
from that date shall bear interest at the rate of 10.5% per annum on.the amount
outstanding and such interest shall be oaid. into the "Local Improvement Fund" as
the same becomes due and payable.

The said sum appropriated pursuant to Section 1 hereof shall be repaid into. the
“Local Improvement Fund" in ten (10) annual installments payable on the first day
of July in each of the years 1980 to 1989 inclusive, and.the respective amounts
of the principal and interest payable in each year during the currency. of. the
appropriation and the total thereof is as follows:

Principal Interest Total

$1,090.18 $1,859.90 $2,950.08

1,204.65 1,745.43 2,950.08
1,331.14 1,619.94 2,950.08
1,470.91 1,479.17 2;950.08
1,625.36 1,324.72 _ 2,950.08
1,796.02 1,154.06 2,950.08.
1,984.60 965.48 2,950.08
2,192.98 757.10 2,950.08
2,423.25 526.83 2,950.08
2,594.21 355.87 2,950.08
$17,713.30 $113; 787.50 $29,500.80
FIRST THREE READINGS

16

TTT meme ae ede IAL aon Atel opting Ye Aa ACHR Re gp tasers Bite een