-5-

(b) As security for the due aad proper performance of all the
covenants and agreements in this Contract contained the Developer
covenants and agrees to deposit with the Municipality by Letter of
credit the sum of One Hundred Forty Thousand Seven Hundred Twenty ($140,720,00)

Dollars.

-6- .
self-contained hoveing unite herein authorized to be constructed {is Nineteen
Thousand Two Hundred ($19,200.00) Dollars.

Bepozit of Debris on Roads and Nuisances:

wv, The Developer covenants and agrees not to deposit any material

. or debris upon any roads during the construction of 22e said work ind to
(c) The Developer further covenants and agrees to contribute

continuously -carry on the construction of the said work in a good and
forthwith to the Municipality the sum of One Hundred Thirty Seven Thousand proper workmanlike manner causing as little disturbance to neighbouring
Thirty ($137,030.00) Dollars, being the net total of those amounts set properties as is reasonable under the circumstances. In the event that
out in Section 2 of Schedule "D" hereto required to facilitate servicing of any material or debris should be deposited upon any road during the
the development proposed herein and which the Municipality covenants and

ets

construction of the work or should the coastruction by the Developer
agrees to 3 : t of e@ ks and ices set out iu the ,
sgrees to apply to the cost of thase works and services set o , constitute a nuisance to neighbouring properties of the work the Developer
said Section 2 of Schedule "D" hereto.

settee set

covenants and agrees that the Municipality may forthwith renuve such
ad) The Developer agrees that if the works specified herein are
a evener id ? material or debris or put right such nuisance at the expense of the
é d the af
not completed pursuant to the provisions of this section and the aforesaid Developer, the cost thereof to be determine! by the Engineer. In the
Schedule » the Municipslicy may complete the works at the cost of the

hs

event that construction of the work ceases for any period of tine in
Developer and deduct from the deposit held by the Municipality the cost

ras
ek beled

excess of thirty days the Developer covenants and agrees that the
of such completion, and the balance of che deposit shall be returned to Municipality may forthwith enter upon che property and construct thereon
the Developer, less any administration fees required. If there is a solid board fence not greater than eight feet in height noc less than
insufficient money on deposit with the Municipality, then the Developer six feet in height surrounding the entire perimeter of the project and
will pay such deficiency to che Municipality immediately upon receipt of that in so doing the Municipality accepts no responsibility for the

si o vt .
the Municipality's bill for completion. It is understood that the suitability or adequacy of che said fence erected for the benefit of the
unicipalicy may do such work either by itself or by contractors employed said Developer and for which the Developer covenants and agrees to

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by the Municipality. if the vorks are completed as herein provided, accept Full responsibility and to save harmless the Municlpality fron
then the deposit, less administration fees, shall be returned to the each and every action an claim which ray be brought or art

: ° se as &
Developer. result thereof. In the event that any invoice of the Municipality for
Uperad of Pi Works:
Upsrading of Public, Works the removal of such material or debris or construction of the fence
13. (a) The Developer covenants and agrees to apply for = building shall remain unpaid after thirty daya of receipt of the same by the
red "
permit under the provisions of the "City of Port Coquitlam Building and Developer the Municipality is authorized to deduct the aneunt of such
Plumbing Code Administration By-law, 1974, No. 1298" and pay the requisite invoice from the depoatt referred to in Section 12 hereof
¢ pe id 2 7
building permit and plumbing permit fees prescribed thereia Maintenance of Works by Developer:
(b) The Developer further covenants and agrees to pay to the The Developer covenants and agrees to:

Municipality the sum of $300.60 for each self-contained housing unit to (a) Maintain, all of the said works to be built purauant to thi

: . S : } &
be constructed by the development authorized herein which said sum the - Contract in complete repair for a period of one (1) year fron the
City shall credit t Waterwork: t 3 :

¥ shalt credit to the Waterworks Utility Capitai Replacement Fund to completion thereof as certified by the Municipal Engineer.
assist in defraying the excessive costs incurred by the Municipality for : “

improvements to the waterworks system made necessary by the increased

Population and service requirements created by the development authorized

herein, The total sum payable by the Developer to the City for the sixty-four

’.

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fare