THEREFORE the Municipal Council of The Corporation of the City of Port Coquitlam, in open meeting assembled, enacts as follows: 1. A frontage tax shall be and is hereby imposed and levied upon the parcels of land set forth in Column I of Schedule "A" of this By-law, which said Schedule is attached hereto and forms a part hereof, 2. The frontage tax shall be levied each year for a period of ten (10) years, as provided by the "Local Improvement Charge By-law, 1969, No. 912", as amended, commencing in the year 1980 and shall be collected annually by the Collector of the City at the same time and in the same manner as other arnual rates and taxes, and shall be subject to the same penalties for non-payment and the amount thereof, except as otherwise provided, will be the product of the taxable foot~frontage and the annual rate. 3, The annual rate shall be $2.29 per front foot of taxable foot- frontage as provided by the "Local Improvement Charge By-law, 1969, No. 912", as amended. 4, The frontage tax imposed herein shall, save as directed by the Court of Revision, be imposed on the respective parcels in the manner set forth in Column II of Schedule "A" opposite the descripticn of the parcel in Column I. 5. The frontage tax collected as aforesaid shall be paid into the General Revenue Fund of the City. 6. The provisions of the "Local Improvement Charge By-law, 1969, No. 912", as amended, shall apply to this By-law with respect to the commutation of the annual frontage tax. 7. The Collector shall forthwith Prepare a Frontage Tax Assessment Roll in respect of the hereinbefore described parcels in accordance with the provisions of the "Municipal Act" and che "Local Improvement Charge By~law, 1969, No, 912", as amended, which said Assessment Roll shall, from time to time, be revised by the Collector in accordance with the provisions of the Municipal Act. 8. This By-law may be cited for all Purposes as the "Hamilton Street (3600 Block) Pavement, Extruded Concrete Curb and Storm Sewer Local Improvement Assessment By-law, 1979, No. 1690",