bone THE CORPORATION OF THE FEB 2 § 199 BYLAW No. 2488 A Bylaw to authorize the expenditure of monies in the Tax Sale Lands Reserve Fund. WHEF.EAS there is an unappropriated balance of $11,330,728.12 as at December 3ist, 1989 in the Tax Sale Lands Reserve Fund consisting of monies received from the sale of tax sale properties including interest earned thereon and set aside in accordance 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 it is deemed desirable to expend from the amount so set aside the sum of $295,028.37 te purchase real property; NOW THEREFORE the Municipal Council of The Corporation of the City of Port coquitlam, in open meeting assembled, enacts as follows: 1. ‘The sum of $295,928.37 is hereby appropriated from the Tax Sale Lands Reserve Fund for the following purchases of real property; (a) Lot ll and Let 12, District Lots 174 and 289, Group One, Plan 2080, New Westminster District (2368 Rindall Avenue) $150, 035.48 (a) Lot B, District Lot 289, Group One, Plan 15124, New Westminster District . (2257 Atkins Avenue) $144,992.89 Total $295,028.37 eerste eareet er a The detailed purchase arrangements with respect to the expendituzes authorized by this bylaw shall be more particularly specified by resolution of the Council. Should any of the amount expropriated remain unexpended after the expenditures hereby authorized have been made, the unexpended balance shall 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 Property Purchase Expenditure Bylaw, 1990, No. 2488". FIRST THREE READINGS 24088 Qs