Whereas pursuant to Section 985 of the of the "Municipal Act", being Chaprer 290, RSBC, 1979, the Council established Statutory Reserve Funds;

And Whereas it is deemed desirable to expend a portion of the monies set aside in the Reserve Funds;

Now Therefore, the Municipal Council of The Cozporation of the City of Port Coquitlam in open meeting assembled, enacts as fellows: This Bylaw may be cited for all purposes as the "Statutory Reserve Funds Expenditure Bylaw, 1993, No. 2855".

The sum hereinafter specified is hereby appropriated from the Tax Sale Lands Reserve Fund to be expended for the following purposes:

Construction, Architects, Construction Manager,

Fumiture-and other related cost associated with the expansion of Hyde Creek Center. $5,420,000.00

The details of the fund allocation of this Bylaw have been more particularly specified by resolution of Council. Should any of the above amounts remain unexpended after the expenditures hereby authorized has been made, any unexpended balances shall be retumed to the credit of the specified Reserve Fund. Read a first time by the Municipal Council this 1st day of November, 1993. Read a second time by the Municipal Council this Ist day of November, 1993. Read a third time by the Municipal Council this 1st day of November, 1993. Reconsidered, finally passed and adopted by a vote in favour thereof of at least two-thirds of all the

members of the Municipal Council of the Corporation of The City of Port Coquitlam this day of ,19.

City Clerk

FINAL READING