THE CORPORATION OF THE CITY OF PORT COQ

BYLAW NO. 2114

A Bylaw to authorize the expenditure of monies In the "Development Cost Charge Reserve Funds".

WHEREAS pursuant to Section 719(7) of the tMuntclpal Act", being Chapter 290, R.S.B.C., 1979, the Council! established Development Cost Charge Reserve Funds;

AND WHEREAS !t+ is deemed desirable to expend a portion of the monies set aside fn the Development Cost Charge Reserve Funds;

AND WHEREAS Council is permitted under Section 679(1) of the Municipal Act to acquire property in the municipality for pleasure, recreation or community uses of the public;

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NOW THEREFORE the Municlpal Councl!i of The Corporation of the City of Port | Coquitiam in open meeting assembled, enacts as follows:

The sum of $77,000 Is hereby appropriated from the Public Open Space. Development Cost Charge Reserve Fund to be used for a capital payment, Including planning, engineering and legal costs, for providing public open space by acquiring title

to that certain parcel of land situate In Port Coquitlam, British Columbia, which:

igs more particularly described as:

‘ ’

Lot B, Block 4-6, District Lot 379, Township 36, Group One, Plan 15873, New Westminster District

acquisition of which parcel of jand {fs hereby author! zed,

Should any of the above amounts remaln unexpended after the expenditures hereby authorized has been made, any unexpended balances shall be returned to the ¢ credit

of the specified Reserve Fund.

hi Ree

This bylaw may be cited for all purposes as the "Development Cost Charge Reserve Fund txpenditure Authorization Bylaw, 1985, No. 2114",

Read a first time by the Municipal Councli this 22nd day of July, 1985.

Read a second time ‘by the Municipal Council this 22nd day of July, 1985.

Read a third time by the Municipal Councl! this 22nd day of July, 1985.

FIRST THREE READINGS

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