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

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 (ax sale
properties including interest eamed thereon and set aside in accordance with the provisions of

Section 380 of the "Municipal Act";
AND WHEREAS no sinking funds have been or 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 - Coquitlam River Drainage

Bylaw No. 2552 - Trenton Avenue Sanitary Sewers & Waterworks
Bylaw No. 2642 - Reeve St. Park Construction

Bylaw Ne, 2644 - Property Improvement (Leigh Square)

Bylaw No. 2707 - Works Yd./Fire Hall Design

Bylaw No. 2708 - Hyde Creek Design

TOTAL

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:

t. 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 1931

New Westminster District

(1700 Block Menzies Street)

2. Should any of the amount sppropristed remain unexpended after the expenditures hereby

authorized have been made, the unexpended balarice shall be retumed to the credit of the
said Tax Sale Lands Reserve Fund.

FINAL READING