‘THE CORPORATION OF THE CITY OF PORT COQUITLAM _ LAND USE CONTRACT XO, 29 THIS ACREEMENT made the day of A.D, 197 BETWEEN: THE CORPORATION OF THE CITY OF PORT COQUITLAN, a City “unicipality under the “Municipal Act" of the frovince of British Columbia, and haying its Municipal Offices at 2272 McAllister Avenue, in the City of Port Coquitlam, in the Province of British Columbia. (hereinafter called the “Municipality") OF TRE FIRST PART: SJOSROTJE HEERES, 1141 Pitt River Read, Port Coguitlaz, B. C. . (hereinafter called the "Developer") OF THE SECOND FART: WHEREAS the Municipality, pursuant to Section 702A of the "Municipal Act", say, notwithstanding any By-law of the Municipality or Section 712 or 713 of the "Munici{pal Act” upon the application of an owner of land within a developnent area designated as such by By-law of the Municipality, enter into a Land Use Contract containing such terns and conditions for the use and development of the land as may be mutually agreed upon and thereafter the use and development of that lond shall, notwithstanding any By-law of the Municipality or of Section 712 or 713 of the "Municipal Act", be in accordance with such Land Use Contract; , AND WHEREAS the "Municipal Act" requires that the Municipal Council, in exercising the powers given by Section 702A, shall have due regard to the considerations set out in Section 702(2) and Section 7O2AC1) in arriving at the use and develcpnent pernitted by any land developsent contract and the terms, conditions and considerations thereof; AND WHEREAS the Developer has presented to the Munic{pality a scheme *f use and develupment of the within deseribed lands and prenlses which would be in contravention of a By-law of the Municipality or of Sention 712 or 713 of the “Municipal Act", or both, and has eode application to the Municipality to enter into this Land Use Contract undér the terms, conditions and for the considerations hereinafter set forth; AND WHEREAS the Council of the Municipality, having given due regard to the considerations set forth in Sections 702(2) and 702A(1) of the "Muntedpal Act", has agreed to the terns, conditions and considerations herein contained; AND WIIEREAS a Land Use Contract is deemed to be a Zoning By- law for the purposes of the "Controlled Access Highways Act” and if the land is so situated that it is subject to such "pet the approval of _the Minister of Highways to this Contract must first te obtained before the Municipality can enter into sane} AND WHEREAS a Land Use Contract dealing with any lands designated flood plain on the Official Regional Plan of the Greater Vancouver Regional District may not be entered into until the said Contract ia ‘approved by the Minister of Municipal Affairs; AND WHEREAS the Developer acknowlecges that he is fully aware of the provisions and Limitations of Section 702A of the "Municipal Act", and the Municipality and the Developer mutually acknowledge and agree that the Council of the Municipality cannot enter into this Contract until the Council has held a Public Hearing thereon, in the panner prescribed by law, has duly considered the representations made and the opinions expressed at such Hearing; -NOW THEREFORE this Contract witnesseth that in consideration of the premises and the conditiona and covenants hereinafter set forth, the Mualcipality and the Developer covenant and agree as follows: “Land: . le Tne Developer ta the holder of a registered interest in ALL AND SINGULAR that certain parcel or tract of lend and premises situate, lying and being in the City of Port Coquitlam, in the Province of British Columbia, which said land is deseribed in Schedule "A" hereof and is hereinafter called "the land".