Sheena ac,

me COUNC

SEP 27 1976

TO: - Mayor and Council September 24th, 1976

FROM: L.D. Pollock City Administrator

Re: Reserve Fund Expenditure By-law - Library Furnishings

I have been advised by the Fraser Valley Regional Library that further funds have been received from the Library Development Commission to provide Grants for furnishings. Council will recall that from a grant received by .the Board earlier this year, the sum of $13,700. was allocated to Port Coquitlam. From the current Grant, our portion is $39,324., therefore we will have allocated to date, a total sum of $53,024. This final Grant allocation is subject to .'Yatification of the Fraser Valley Regional Library Board at their meeting

Wednesday, September 29th.

Our Tax Sale Lands Reserve Fund Expenditure By-law No. 1457 has now been received from Victoria with departmental approval, however, with the new allocation ef funds it will not be necessary to adopt this By-law and I

would suggest that final adoption be withheld.

L.D. Pollock

me