taw to authorize the Corporation of the City of Pc —- oquitlam to dispose of a portion of dedicated road in exchange for portions of land to be dedicated as road. Whereas the Corporation of the City of Port Coquitlam is desirous of cancelling a portion of road shown dedicated in the City of Port Coquitlam in the Province of British Columbia; Whereas the Registered Owner of the lands described in Section 3 of this Bylaw have agreed to convey land to the City in exchange 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 Re sed Statutes of British Columbia, 1979, provides that the Council may by Bylaw dispose of 1 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 of Port Coquitlam, in open meeting assembled, enacts as follows: 1. This Bylaw may be cited for all purposes as the "2400 Block Ottawa Street No. 2 Road Exchange Bylaw, 1993, No. 2838”. The Corporation of the City of Port Coquitlam is hereby authorized to convey to the Registered Owner of Parcel 1, Explanatory Plan 16015: a 5264 m2 portion of road dedicated by Plan 1850, identified as Parcel "2" and shown hatched on a plan certified by DJ. Dyck, British Columbia Land Surveyor, dated the 13th day of September, 1993; in New Westminster District, at or for tne price or sum of $144,670.00 and in exchange for those certain parcels or tracts of land described in the next Section hereof. The Corporation of the City of Port Coquitlam is hereby authorized to dedicate: a 1621.2 m* portion of Parcel 1, Explanatory Plan 16015 identified as Pavcel "1" and shown within the bold outline on a plan certified by DJ. Dyck, British Columbia Land Surveyor, dated the 13th day of September, 1993; in New Westminster District, at or for the price or sum of $1.00 and in exchange for that certain parcel or tract of land described in the preceding Section hereof. Zo!