February 16th, 1976 the necessary procedures leading to the construction of a storm sewer on. Fraser Avenue from Vincent Street to Wellington Street on the advanced construction schedule specified in the "Local Improvement Charge By-law, 1969, No. 912", Carried. Prior to passage of the foregoing resolution, Alderman Keryluk inquired as to what portion of the total cost would be borne by the City and how the project would be financed. The City Engineer advised that no estimate of the total cost of the job has been prepared as yet, but it will not be reflected in this year's budget. The City Engineer further advised that two schemes were presented to the residents whereby the storm sewer could be installed - firstly, under the normal set-up of waiting their turn in priority or, secondly, under the advanced (which TPIT 8 tg menace ee mere Regen coe ae eran a they have chosen); however, under the normal set-up the residents (whose properties vary between 60' and 70') would pay slightly less than $50.00 Re ere anata a, per year for 10 years, whereas under the advanced, the residents would be paying approximately $95.00 per year for 10 years. RESOLUTIONS: ‘Re: Appnts.by Moved by Alderman Traboulay: iDist.Coq. & ‘Port Moody~ Seconded by Alderman Mabbett: to Coq.Hospital ‘Board for '76 That the appointment of: 1. Mr. Gordon Wrightman by the District of Coquitlam, and; 2. Mr. A.G. Sinclair by the City of Port Moody to the Coquitlam Hospital Board for 1976 be ratified and confirmed. Carried. BY~LAWS: From the City Clerk, February llth, 1976, advising that on January 26th, 1976, Rezoning Amendment By-law No. 1413 (covering Rezoning Application R#14-75), which would rezone property located at the intersection of Victoria Drive and Ulster Street from RS-2 (One-Family Suburban Residential) to RS~1 (One-Family Residential), received third reading, and that as the Developer has now deposited the necessary Letter of Credit and other funds along with a Subdivision Plan that is satisfactory to the City's Approving Officer, the By~law may now be given further £ consideration. ; i. *gon.Amend.B/ Moved by Alderman Thompson: slaw #1413-fin. :pass.& adopt. Seconded by Alderman Traboulay: ‘ That By-law No. 1413 be reconsidered, finally passed and adopted. E Carried. The City Clerk advised that prior to submission at a Public Hearing