ee Be wae THE CORPORATION OF THE CITY OF PoRT COQUITLAM BYLAW NO.2491 WHEREAS pursuant to Section 985 of the "Municipal Act", being Chapter 290, R.S.B.C., 1979, the Council established Development Cost Charge Reserve Funds; AND WHEREAS it is deemed desirable to expend a portion of the monies set aside in the Development Cost Charge Reserve Funda; NOW THEREFORE, the Municipal Council of The Corporation of the City of Port Coquitlam in open meeting assembled, enacts as follows: 1. The sums hereinafter specified are hereby appropriated from the respective Development Cost Charge Reserve Funds to be expended from the following purposes for the year 1989: Public Open Space (interest) $208,705.41 Sewer Area #1 28,116.79 Water Area #5 71,713.00 Water Area #6 102,006.00 Highway Facilities 144,243.02 Should any of the above amounts remain unexpended after the expenditures hereby authorized has been made, any unexpended balances shall be returned to the credit of the specified Reserve Fund. This Bylaw may be cited for all purposes as the "Development Cost Charge Reserve Funds Expenditure Bylaw, 1990, No. 2491”. FIAST THREE READINGS *COUNCIL® MAR 19 1990