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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
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work authorized by “Handley Crescent Pavement, Extruded Concrete Curb, and
Storm Sewer Local Improvement Construction By-law, 1974, No. 1352" there
shall be appropriated from the "Local Improvement Fund" of the Corporation
the total sum of Twenty~six Thousand Five Hundred Sixty Dollars and Ten Cents
($26,560.10).
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 percentum (104%) 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 1976 to 1985, 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
1976 $ 1,628.14 2,788.81 4,416.95
1977 1,799.09 2,617.86 4,416.95
1978 1,988.06 2,428.95 4,416.95
1979 2,196.74 2,220.21 4,416.95
1980 2,427.40 1,989.55 4,416.95
1981 2,682.27 1,734.68 4,416.95
1982 2,963.01 1,453.04 4,416.95
1983 3,275.12 1,141.83 4,416.95
1984 3,619.01 797.94 4,416.95

1985 3,980.42 417.94 4,398.36

Total $ 26,560.10 $ 17,590.81 $ 44,150.92
Serene

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: