‘THE CORPORATION OF “THE CITY OF PORT COQUITLAM

nt 0 UNC

Se , - OCT 17 1977

A By-law to provide for determination of assessed value of land and

improvements within: the municipality. for general municipal purposes.
WHEREAS subsections (17) and (18) of the Assessment Act provides:

"(17) The Council of a municipality shall, by by-law adopted on or
before November 10 in each calendar year, a zopy of which shall be deposited
with the Commissioner and the inspector of Municipalities, provide that the
assessed values of tana and improvements. within the municipality for general
municipal purposes in the following calendar year be detérmined in accordancé
with one of the following, options: | .

(a) assessment of land and improvements, as defined in this Act for
general municipal purposes, at the same percentage of actual values and with
the same limitations on assessment increases as those fixed or provided for
in subsections (6) to (16); or

(b) assessment of land and improvements, as defined in this Act for

general municipal purposes, at the same percentages of actual value as fixed

under subsection (7); or

(c) assessment of land and improvements, as defined in this Act for

general municipal purposes, at the same average percentages of actual values

as those that are determined by the Commissioner to have existed within . the

municipality on April 1 of the calendar year preceding the calendar year for

which the assessment roll is being prepared, for each class of property defined
in subsection (8); or

(d) assessment of land and improvements, as defined in this Act for
‘general municipal purposes, at actual value or at some uniform percentage of

actual value specified in the by-law for all classes of property.

Metis ene

(18) A’ by-law adopted under subsection (17) remains in effect from

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year to year until a new by-law is adopted, and during that period, subsection

(17) does not apply."

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

1. Pursuant to subsection (17) of Section 24 of the. Assessment ‘Act the
assessed value of jand and improvements for general municipal’ purposes’ in 1978

and subsequent years until a new by-law comes into force and effect, shall be

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