THE CORPORATION OF THE CITY OF PORT COQUITLAM -~3- ITEM I - Continued 3. Fraser Avenue Local Improvement At the Council Meeting of March 15th, 1976 the following resolution was passed "That the proposed storm sewer project to be undertaken as a work of Local Improve~ ment on Fraser Avenue from Wellington Street to Vincent Street be deferred until the present rate schedule in the Local. Improvement Charge By-law has been updated". The Committee would respectfully request Council reconsider this particular project on the following basis: (a) Once again, reference is made to the June 20th, 1974 Report where it is noted that it was the in~ tention of the Advanced Rates to apply the cost of the project along the frontage being charged and that because of flankages, intersections, etc. the City would be res~ ponsible for paying approximately 40% of the cost of the work. Even though in the past two years inflation has .increased construction costs by approximately 35%, on this project it was estimated that the City would contribute 50%. (b). A copy of a memorandum dated March 23rd, 1976 from the City Engineer to the Public Works Committee is attached. Because of the recent decision to locate the 12-inch diameter watermain on Fraser Avenue and because the work can be arranged so that Fraser between Wellington and Vincent will not have to be rejuvenated and resurfaced twice, it is suggested that the rejuvenation and resurfacing costs be charged to the watermain project. This should reduce the estimated cost of the Local Improvement project from $21,000 to $19,000. The Committee, therefore, recommends that this project proceed under the terms of the present Local Improve- ment By-law.