4 MAR 18 1991 THE CORPORATION OF THE CITY OF PORT COQUITLAM BYLAW NO. 2576 A Bylaw to authorize the Corporation of the City of Port Coquitlam to dispose of a portion of dedicated road in exchange for a portion of land to be dedicated as road, WHEREAS the Corporation of the City of Port Coquitlam is desirous of cancelling a portion of road shown dedicated in the City of Port Coquitlam in the Province of British 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 it may be established as an addition to the roads in the City. AND WHEREAS the "Municipal Act" being Chapter 290 of the Revised Statutes of British Columbia, 1979, prevides 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 highway; NOW THEREFORE the Municipal Council of The Corporation of the City of Port Coquitlam, in open meeting assembled, enacts as follows: 1. The Corporation of the City of Port Coquitlam, is hereby authorized to convey to the Registered Qwner of the lands described in the next Section hereof a portion of dedicated road being a 691.5 mé@ portion of road in District Lot 342 dedicated by Plan 2894 shown hatched on a plan certified by Michael J. Seiuz, British Columbia Land Surveyor, dated the 27th day of February, 1991, at or for the price or sum of $1.00 and in exchange for those certain parcela or tracts 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 Owner thereof a 691.5 m@ portion of ot 177, Plan 24865, District Lot 342 shown included within the heavy outline on a plan certified by Michael J. Seitz, British Columbia Land Surveyor, dated the 27th day of February, 1991, 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 ig. attached to this bylaw and made a part hereof, FIRST THREE READINGS