AND WHEREAS passage. of this By-law would not cause the authorization for borrowing hereinbefore recited to be exceeded; , THEREFORE, the Municipal Council of The Corporanion of the City of Port Coquitiam, in open meeting assembled, enacts as followa:~ 1, That Pavement -~ 28° width; Storm Sewer, and Extruded Concrete Curb; all of a "Local Street" construction standard oh a normal construction schedule; on Newberry Street from the north boundary of Fraser Avenue to the south boundary of Prairie Avenue in the City of Port Coquitlam as a local improvement under the provisions of Part XVI of the "Municipal Acc", as amended. 2, . That the City Engineer of the City do forthwith make such plans, Profiles, and specifications and furnish such information as may be necessary for the making of a contract for the execution of the work. 3. The work shall be carried on and executed under the superintendence and according to the direction and orders of the eaid City Engineer. 4. The Mayor and Clerk of the City are authorized to cause a contract for the construction of the work to be madé and entered into with some person or persons, firm or covporation, subject to the approval of the Couneil to be declared by resolution. . " 5. Upon the completion of the execution aud financing of the work the Treasurer shall submit to the Council a certified statement setting out the cost of the work and the ccst shall be as so certified. 6. (a) The owners share or portion of the cost shall be $13.75 per foot of taxable foot-frontage of the Parcels benefitting from or abutting on the work in accordance with the provisions of the "Local Improvement Charge By-law, 1969, No. 912" and shall be Paid from the proceeds of the sale of debentures issued Pursuant to the borrowing authority granted by the Inspector of Municipalities. . {b) The annual charge for each foot of taxable foot-frontage to be specially charged against parcels benefitting from or abutting the work shall be $2.29 for ten years in accordance with the provisions of the “Local Improvement Charge By-law, 1969, No. 912" and shall be imposed in accordance with the provisions of Division (3) Part IX of the Municipal “Act and shall be paid into the General Revenue Fund of the City and used