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THE CORPORATION OF THE CITY OF PORT COQUITLAM

BYLAW NO. 2644

A Bylaw co authorize the expenditure of monies
in the Tax Sale Lands Reserve Fund.

WHEREAS there is an unappropriated balance of $7,556,846.03 ag at December
3let, 1991 1n the Tax Sale Landa Reserve Fund conaisting of monies received
from the sale of tax sale properties including interest earned thereon and set
aside in accordince 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 Landa
Regerve Fund:

Bylaw No. 2539 - Coquitlam River Drainage $175,000.00
Bylaw No, 2552 ~ Trenton Avenue Sanitary

Severs & Waterworks $450,000.00
Bylaw No. 2642 ~ Reeve St. Park

Construction $2,000,000.00

TOTAL $2,625 000 0G

AND WHEREAS it is deemed desirable to expend from thea amount so get aaide the
sum of $300,000.00 to make the necessary renovations and associated changes to
the buildings located at 2275 Letgh Square and 2580 Shaughnessy Street to
accommodate City requirements.

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

1. The sum of $300,000.00 is hereby appropriated from the Tax Sale Lands
Reserve fund to make the necessary renovations and associated changes to
the buildings located at 2275 Leigh Square and 2580 Shaughnessy Street to
accommodate City requirements.

Should any of the amount appropriated remain unexpended after the
expenditures hereby authorized have been made, the unexpended balance
shall be returmed to the credit of the said Tax Sale Landa Reserve Fund.

Nigeeedthobytt :
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