NOW THEREFORE the Municipal Council of The Corporation of the City
of Port Coquitlam, in open meeting assembled, enacts as follows:
1. For the purpose of meeting the owners! portion of the cost of the
work authorized by the "Fraser Avenue Storm Sewer Local Improvement
Construction By~law, 1976, No. 1448" there shall be appropriated from
the "Local Improvement Fund" of the Corporation the total sum of Nine
Thousand, One Hundred Sixty-five and 51/100 Dollars ($9,165.51).
2. The said sum appropriated pursuant to Section 1 hereof shall be
transferred from the "Local Improvement Fund" on the date of the final
adoption of this By-law and from that date shall bear interest at the
rate of Ten and one-half (19.5%) percentum per annum on the amount
outstanding and such interest shall be paid into the "Local Improvement
Fund" as the same becomes due and payable.
3. The said sum appropriated pursuant to Section 1 hereof shall be.
repaid into the "Local Improvement Fund" in ten (10) annual installments
payable on the first day of July in each of the years 1977 to 1986
inclusive, and the respective amounts of the principal and interest

Payable in each year during the currency of the appropriation and the

total thereof is as follows:
Year Principal Interest Total
$977 $565.21 $962.38 $1,527.59
1978 624.56 903.03 1,527.59
1979 690.14 837.45 1,527.59
1980 762.60 764.99 1,527.59
1981 862.47 684.92 1,527.59

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1982 931.16 596.43 1,527.59

1983 1028.93 , 498.66 1,527.59

1984 1136.96 390.63 1,527.59
1985 1256.35 271.24 1,527.59

1986 1336.93 200.66 1,527.59

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TOTALS $9155.51 $6110.39 $15,275.90

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4. During the currency of the appropriation pursuant to Section 1

hereof, or any portion thereof, the sums set forth in Sections 2 and 3
hereof shall be provided for the repayment of the principal. and for the

payment of interest thereon as follows: