THE CORPORATION OF THE CITY OF PORT COQUITLAM MAY 14 1984

BYLAW NO. 2042 JUN 15 1984

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

WHEREAS there is an unappropriated balance of $1,232,957.55 as at May Ist, 1984
in the Tax Sale Lands Reserve Fund 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 "Munfcipal Act"; which amount has been

calculated as follows:
Balance in Reserve Fund at January Ist, 1984  § 1,116,943.38
Add: Additions to fund since January Ist, 1984 § 116,014.17
Balance in Reserve Fund at May Ist, 1984 $ 1,232,957.55
AND WHEREAS no sinking funds have been or were required to be established;

AND WHEREAS it is deemed desirable to expend from the amount so set aside the sum
of $505,000.00 to reconstruct certain roads within the City;

AND WHEREAS the approval of the Minister of Municipal Affairs has been obtained;

’

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

The sum of $505,000.00 is hereby appropriated from the Tax Sale

1. (a)
Lands Reserve Fund to reconstruct the following roads:

i Oxford Street from Westminster Avenue to Prairie Avenue.
ii Lincoln Avenue from Oxford Street to Wallington Street.

The Municipal Council is hereby empowered and authorized to undertake,
carry out, or cause to be carried out, the reconstruction of the said
roads generally in accord with the plans and specifications that have
been placed on file In the office of the City Clerk and to more
particularly specify and authorize by resolution all things necessary in

connection therewith.

SOROT FEE RENN Geo
FINAL READING”