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JUN

Mayor & Gouncil.

Finance Committee .

Report of the Finance Committee meeting held Tuesday, June 2,.1981, ; In attendance: Mayor G.R. Laking

Alderman L.M. Traboulay

Alderman M.R: Wright J. Maitland, City. Treasurer.

Item I:

RE: Insurance Appraisal

ends that Council approve of the Ppraisal as outlined in the Treasurer's

report.

Item II RE: City Hall Telephone System

The Committee recommends the purchase of a new switchboard from B.C. Tel at the cost of $20,500 with the funds to come from the Future Capital Reserve. This will result in th saving of $542 per month from our present Phone billing. :