The land described herein shall be developed strictly in accordance with the terms and conditiuns and provisions of this permit and any plans and specifications attached to this permit which shall form a part hereof. This permit shall lapse if the Permittee does not substantially commence the construction, or the first phase of a phased development, permitted by this permit within two (2) years of the date of this permit. This permit is not a building permit. AUTHORIZING RESOLUTION PASSED BY THE COUNCIL THE 14TH DAY OF DECEMBER, 1992. APPROVED BY THE MINISTER OF TRANSPORTATION AND HIGHWAYS ON THE DAY OF , 19 . (If applicable.) ISSUED THIS ยป 19. I ACKNOWLEDGE THAT I HAVE: READ AND UNDERSTAND THE TERMS AND CONDITIONS UPON WHICH THIS PERMIT IS ISSUED. Applicant (or Authorized Agent or Representative of Applicant) 1D392-301/302