BYLAW NO.

A Bylaw for the levying of rates for Municipal, Hospital, and Regional District purposes for the MAY 4- 1087

year 1987. MAY 14

The Municipal Council of The Corporation of the City of Port Coquitlam in open meeting assembled, enacts as follows:

The following rates are hereby imposed and levied for the year 1987:

(a) For all lawful general purposes of the municipality on the assessed value of land and improvements taxable for general municipal purposes, rates appearing in column "Al" of the Schedule attached hereto and forming 4 part hereof,

For debt purposes on the assessed value of land and improvements taxable for general municipal purposes, rates appearing in column "B" of the Schedule attached hereto and forming a4 part hereof.

For hospital purposes on the assessed value of land and improvements taxable for regional hospital district purposes, rates appearing in column "C" of the Schedule attached hereto and forming a part hereof.

For purposes of Greater Vancouver Regional District on the assessed value of land and improvements taxable for regional hospital district purposes, rates appearing in column "Di" of the Schedule attached hereto and forming a

part hereof.

The minimum amount of taxation upon a parcel of real property shall be the amount provided by statute.

(a) At the close of business on the 3rd day. of July, 1987 the Collector of The Corporation of the City of Port Coquitlam shall add to the unpaid taxes of the current year, in respect of each parcel of land and the improvements thereon upon the real property tax roll, five percentum (5%) of the amount

then remaining unpaid.

At the close of business on the 4th day of September, 1987 the Collector of The Corporation of the City of Port Coquitlam shall add to the unpaid taxes of the current year (exclusive of the five percentum addition authorized by subsection (a) of this section), in respect of each parcel of land and the improvements thereon upon the real property tax roli, a further five percentum (5%) of the amount then remaining unpaid.

The said unpaid taxes, together with the amounts added under this section, are deemed to be taxes of the current year due on such land and improvements thereon, and the amounts added under this section when collected shall form part of the general revenue of The Corporation of the City of Port

Coquitiam.

This bylaw may be cited as the "Tax Rates Bylaw, 1987, No. 2269".

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