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

WHEREAS there is an unappropriated balance of $7,556,846.03 as at December 31st, 1991 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 "Municipal Act";

AND WHEREAS no sinking funds have been ot were required to be established;

AND WHEREAS the following bylaws have been passed to authorize the expenditure of funds
in the following amounts from the said amount in the Tax Sale Lands Reserve Fund:

Bylaw No. 2539 - Coquitlarn River Drainage $ 175,000.00
Bylaw No. 2552 - Trenton Avenue Sanitary Sewers & Waterworks $ 450,000.00
Bylaw No. 2642 - Reeve St. Park Construction $2,000,000.00
Bylaw No. 2644 - Property Improvement (Leigh Square) $ 300,000.00
Bylaw No. 2707 - Works Yd./Fire Hall Design $ 750,000.00
Bylaw No. 2708 - Hyde Creek Design $ 180,000.00

TOTAL $3.855,000.00

AND WHEREAS it is deemed desirable to expend from the amount so set aside the sum of
$150,000.00 to purchase real property.

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

1, The sum of $150,000.00 is hereby appropriated from the Tax Sale Lands Reserve Fund for
the following purchases of real property:

Lots 19, 20, 21, 22, 23, and 24
District Lot 255
Block 26
Group One
Plan i931
- New Westminster District

(1700 Block Menzies Street)

Should any of the amount appropriated remain unexpended after the expenditures hereby
authorized have been made, the unexpended balance shall be returned to the credit of the

said Tax Sale Lands Reserve Fund.

FIRST THREE READINGS