City Adm.re ¢ Civ .Def.By/law _ lord and Tenant Act when it comes into force, June 10th, 1974, criteria set up at the present time, and it was indicated ‘that the. Cabinet. will deal with each application as received. In his report, the City - Administrator advised that the Interim Rent Stabilization Act that places | the 8% limitation on rental increases will be Superseded by the new Land- which will reguiate rental increased by order of the Lieutenant-covernor in Council ~ not limited co 8% as provided in ‘Bill 7 - - but may be any amount recommended by the Provincial Rentalsman and established by the Ideutenant-Governor in Coune that recourse under this Act is to apply to the Lieutenant- ~Governo ority to pass a by-law to either: . 1. exempt ‘residential premises within the municipality from the provisions of Section 28 of the Act, which removes any limitations on rental, controls and removes the responsibility from the Rentalsman in prescribing rental increases; or 2.0 authority to pass a by-law establishing a municipal rent revi which would, subject to conditions prescribed by the Lieutenant-Governor, have the powers of a Rentalsman under Section 28, although he Stated he would not recommend requesting authority to establish a municipal rent review board as the Board would be assuming the powers of a Rentalsman and the responsibilities under the new Act are far greater and mere complex than the duties imposed on the Rental. Review Board under the previous legislation. Moved by Alderman Traboulay: Seconded by Alderman Ranger: That as recommended in a report fron the City Administrator, June @th, 1974, no request be made to the Provincial Government. to exempt residential premises within the City of Port Coquitlam’ from the Tequirements of Section 2 of Bill 75 entitled ' ‘Residential Premises Rent Stabilization Act" under the provisions of Section 3(2) thereof, Carried. Aierman Thompson voted against the resolution, - From the City Administrator, June 7th, | easures has been received from Victoria, and Stating that after reviewing this By-law it is felt that under the City's by-law presently in. force, adequate power is vested in the Mayor or Chairman of the Control Committee, Moved by Alderman Laking: