Salers BYLAW NO. 2621 A Bylaw to Amend the “Port Coquitlam Zoning Bylaw, 1987, No. 2240" The Municipal Council of The Corporation of the City of Port Coquitlam, in open meeting assembled, enacts as follows: L.. Section 508 of the "Port Coquitlam Zoning Bylaw, 1987, No. 2240" is repealed and replaced by Sections 508 and 508A as follows: "S08 PRINCIPAL RESIDENTIAL BUILDINGS Except as otherwise provided in this Bylaw, only one principal building used for residential purposes is permitted on a lot. CONSTRUCTION OF. SUBSTITUTE DWELLING (1) Notwithstanding any other provision in this Bylaw, upon compliance with this section the owner of land in an Ari, RS-1, RS-2, or RS~3 zone may construct a new single-family dwelling on that land while that owner continues to occupy an existing dwelling on the same lot. . Prior to issuance of a building permit for the new dwelling, the owner shall execute and register a covenant in favour of the City pursuant to Section 215 of the Land Title Act, prohibiting residential use of the existing dwelling upon occupancy of the new dwelling and requiring demolition and removal of the existing dwelling within 21 days of occupancy of the new dwelling. The covenant shall: (a) empower the City to enter the land and demolish and remove the existing dwelling upon failure of the owner to comply with the covenant; , (b) require the owner to indemnify the City against any costs incurred by the City in enforcing the covenant; and (ce) be registered in priority to any financial charges on title to the land. Prior to issuance of a building permit for the new dwelling, the owner shall deposit with the City security in the amount of $5000.00 for demolition and removal of the existing dwelling, in the form of cash, a certified cheque or irrevocable letter of credit.” 2. This Bylaw may be cited for all purposes aé "Port Coquitlam Zoning Bylaw, 1987, No. 2240, Amendment Bylaw, 1990, No. 2621”. Read a first time by the Municipal Council this 7th day of October, 1991. Read a second time by the Municipal Council this 7th day of October, 1991. Public Hearing held this 28th