TANTO na SAE SOWA Ne Med eatin Fours

AO ome ne pteatns eA

1986 in the Tax Sale Lands Reserve F

THE CORPORATION OF THE CiTY OF PORT CoQuU

BYLAW NO. 2210

A Bylaw to authorize the expenditure cf monies
in the Tax Sale Lands Reserve Fund.

iS an unappropriated balance of $3, 012,531.29 as at August 30th,
und consisting of monies received trom the
Interest earned thereon and set aside in
tion 380 of the "Municipal Act"; which

WHEREAS there

sale of tax sale properties inctuding
accordance with the provisions of Sec
amount has been calculated as fol lows:

Balance in Reserve Fund at December 30th, 1985 $ 1,982,756.75

Add: Additions to fund since December 30th, 1985 $1,029,774.54

Balance in Reserve Fund at August 30th, 1986. $ 3,012,531.29 |

ANO WHEREAS no sinking funds have been cr were required to be established;

AND WHEREAS it is deemed desirable to expend from the amount so set aside the sum
of $78,500.00 to purchase property at 2390 Mary Hit] Road.

AND WHEREAS the approval of the Minister of Municipal Affairs has been obtained; *

NOW THEREFORE the Municipal Council! of The Corporation of the city of Port
in open meeting assembled, enacts as fo! lows: 2

Coquitiam,

1. The sum of $78,500.00 is hereby appropriated from the Tax Sale
Lands Reserve Fund for the following purchase of real property:

Lot 1, Block "C", District Lot 289, Group One, Plan 1954, New

Westminster District. : oO

Should any of the amount expropriated remain unexpended after the

expenditures hereby authorized have been made, the unexpended balance
hall be returned to the credit of the said Tax Sale Lands Reserve Fund.

This Bylaw may be cited for all purposes as the "Tax Sale Land Reserve
Fund 2396 Mary HII! Road Purchase Expenditure Bylaw, 1986, No, 2210",

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