BYLAW NO * 2554 AL Bylaw: to. authorize the Corporation ‘of the city” of Port Coull 2 74 0 dispose” of portions of dedicated road in exchange. for.a portion of iand to. be. dedicated as road. . . ‘WHEREAS . the corporation of the ‘city. of ‘Port Coquitlam” ‘is. “desirous. of . cancelling . portions .of road. shown dedicated - in the. City” of: Port Coquitlam : in _ the Province of ‘Britieh Columbia; WHEREAS the Registered | Owner of ‘the land described in Section 2 of this Bylaw has. agreed to convey land to the City in exchange so that. At may” be “established as an addition to the roads in the City. en AND. ‘WHEREAS. the "Municipal Act” being ‘Chapter 290. of the Revised Statutes of ‘British Columbia, 1979, provides that the Council may by Bylaw dispose of any portion of a highway in exchange for ‘such lands as may be necessary for the . purpose of improving, widening, straightening, relocating or diverting the — highways | — NOW. THEREFORE the | Municipal Council of ‘The Corporation of the City of Port 7 Coquitian, in open meeting assembled, enacts as follows: : ol. ‘The Corporation of the City of Port ‘Cogaitlam, - is ‘hereby: authorized to convey to the Registered Owner of the lands described in the next Section .- hereof those - portions of dedicated road and lane shown hatched and identified as Parcel "2" with an area of 89.82 m2 in District Lot 4, Township. 35, New Westminster District on a reference plan certified by Robert. M. Reese, British Columbia Land Surveyor, dated the 21st day of November, 1990, at or for the price or sum of $1.00 and in exchange for that certain parcel or tract of land described in the next Section hereof. The Corporation of the City of Port Coquitlam is hereby authorized to “purchase of and from the Registered Qwner thereof that portion of land shown included within the heavy outline as Parcel “1” (Explanatory Plan 15640) of Lot 8 having an area of 76.80 m* in District Lot 4, Township 39 “New Westminster District on a plan certified by Robert M. Reese, British Columbia Land Surveyor, dated the 2lst day of November, 1990, at or for the price or sum of $1.00 and in exchange for those certain parcels or tracts of land described in the preceding Section hereof. A copy of the plan referred to in Section 1 and Section 2 hereof is attached to this bylaw and made a part hereof. Those portions of road and lane described in Section 1 hereof, are hereby closed and stopped up to traffic of all kinds. Those portions of land described in Section 2 hereof, when conveyed to the City, shall be established as additions to the roads in the City. The Mayor and City Clerk of the City are hereby authorized to execute such conveyances, deeds, maps, receipts and other documents on behalf of the said City as may be necessary for the purposes aforesaid and to affix the Corporate Seal of the City thereto. 2554_ITEM | PAG AST THAEE READINGS TST TI