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THE CORPORATION OF THE CITY OF PORT C | Te

BYLAW NO. 2094

A Bylaw to authorize the expenditure of monies APR OY i885 in the "Development Cost Charge Reserve Funds",

HEREAS pursuant to Section 719(7) of tne "Municipal Act", being Chapter 290, 6$.8.C0., 1979, the Council established Development Cost Charge Reserve Funds;

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AND WHEREAS it is deamed desirable to expand a portion of the monies set aside 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;

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

The sum of $85,500 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 apen space by acquiring title to that certain parcel of land situate In Port Coquitiam, British Columbla, which ls more particularly described as:

Lor 89, of Lots 58, 59, 60 and 61, Block "Nt of District Lot 289, Group 1, Plan 16702, New Westminster Olstrict.

acquisition of which parcel of land Is hereby authorized.

Should any of the above amounts remain unexpended after the expenditures hereby authorized has been made, any unexpended balances shall be returned to the credit of the specified Reserva Fund.

This bylaw may be clted for all purposes as the "Development Cost Charge Reserve Fund Expenditure Authorization Bylaw, 1985, No. 2094",

FIRST THASE REAQINGS

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