sheng THR CORPORATION OF THE CITY OF PORT COOQUTTLAM BYLAW NO. 2694 A Bylaw to authorize the Corporation of the City of Port Coquitlam to dispose of portions of dedicated lane in exchange for portions of land to be dedicated as road, WHEREAS the Corporation of the City of Port Coquitlam is deatrous of cancelling portions of lane shown dedicated in the City of Port Coquitlam in the Province of British Columbia; WHEREAS the Registered Owners of the lands deseribed in Section 2 of this Bylaw have 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, provides 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 ag followa: 1, The Corporation of the City of Port Coquitlam, is hereby authorized to convey to the Registered Owners of the lands described in the next Section hereof: a 731.4 m2 portion of liane in District Lot 174 and 289, Group 1, dedicated by Plan 2080, identified as Parcel "1" and shown hatched on a plan certified by Robert M. Reese, British Columbia Land Surveyor, dated the LOth day of June, 1992, and a 391.8 m2 portion of lame in District Lot 174 and 289, Group 1, dedicated by Plan 2080, identified as Parcel, "3" and shown hatched on a plan certified by Robert M. Reese, British Columbia Land Surveyor, dated the 10th day of June, 1992; all in New Westminster District, at or for the price or sum of $1.00 for each portion and in exchange for those certain parcels or tracts of land described in the next Section hereof.