Seconded by Alderman Laking:

That By~law No. 1440 be read a first time.

Moved by Alderman Traboulay:

Seconded by Alderman Keryluk:

That By-law No. 1440 be read a second time. Carried.

Moved by Alderman Keryluk:

Seconded by Alderman Thompson:

That By-law No. 1440 be read a third time. Carried.

A brief discussion ensued, and Alderman Thompson pointed out that
the budget had been reduced by approximately three-quarters of a million
dollars; also, he stated he felt that having held the budget meetings
open to the public at all times this year had been a very worthwhile
experience, and that he hoped the Council would continue this practice
in the future. Mayor Campbell stated he felt no other Council in the
Province spends as much time on budgets as Port Coquitlam's Council.
Alderman Traboulay pointed out that the City is operating on the 1971
census for the Provincial per capita grant, and Alderman Laking, in
furtherance to this comment, mentioned that’the method of basing per

capita grants on census figures results in a drastic loss every year to

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municipalities.
Alderman Thompson introduced a By-law for levying a rate or rates
on all taxable lands and improvements assessed on the revised assessment

roll of The Corporation of the City of Port Coquitlam for the year 1976

to provide for all sums which may be required for the lawful purposes of
the said Corporation for the current year.
Moved by Alderman Thompson: Rates B/law

#1447 - ist
Seconded by Alderman Laking: 3 readings

That By-law No. 1441 be read a first time. Carried. ;

Moved by Alderman Mabbett:

Seconded by Alderman Keryluk:

That By-law No. 1441 be read a second time. Carried.

Moved by Alderman Traboulay:

Seconded by Alderman Keryluk:;

That By-law No. 1441 be read a third time. Carried.
Alderman Thompson introduced a By-law to provide for the adoption
of a capital expenditure programme for a period of five years,
Moved by Alderman Thompson: 5-yr.Cap.Exp.

Programme B/

Seconded by Alderman Laking: law #1442-lst
3 readings

That By-law No. 1442 be read a first time.