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TIS AGRETHENT wade the day of e ADL Sy

ROTHER:
THE CORPORATION OP TiTE CITY OF PoRT
Coquitiam, a cde
incorporated und.
Province of B.
ite offices a
City of Port
British co};
(hereinafter called the "City*)

OF THE PIRST PART,

(hereinafter called the “Daveloper"}
: OF THE SSCOND PART:

WHEREAS the Developer desires to develop certain
lands and premisos within the City of Port Coquitlea, in
the Provinca of Seitieh Columbia, and more pacticularly known.
and cascribed as:

which lends shall hereinafter be refarred to as "the lands;

AND WITEREAS the Developer desires to subdivide the
lends and has subaitted a Plan of subdivision to the Appreving
Officer of tha City for approval, before completing the construction
and inatallation of all works and services required by such

: subdivision:

AND WHEREAS the Developer Proposes to constrict
and inatall « complete eyatom of worka and services required

fs connection with the said subdi to the
jet forth in the "City of Port Coquitlam Subdivision of Land

-By~law, 2970, No, 9$2,* an amended, upon # portion of the

said lands to be dedicated as public highway and @laevhere;

acts, caeda, rig ays a and for
the more effectual carrying out of thie Agreement.

2} The Developer shall complete the construction and
installation of the works herein specified to the satiofaction
of the City Engineer by the Gay of - RD, 2D .

4. ‘The Developer covenants and agrees to;

and co do 421 the work not in

ance with plans and specifications (hereinafter referred to)

Se approved by the City Engineer, prior to tho qxanting of .
formad subdivision and other necessary approvals by the appropriate
officer of the City, and te make all Paymenta to the City provided
for in this agreement. If, in the opinion of the City Engineer,
the work te not being carciad out with due diligence, tha City
Engineer asy. in writing, order the Devaloper tr enploy additional
workmen, machinery, tools, plant, equigment, materiale, articles
and things deamed necessary by the City Engiueer, for the
Giligent advancement of the work, and the workmen so provided
whall be subject to discharge by the Developer only with

the consent of the City fngineer,

5. Aa security for thes due and Proper performance

of all of ths covenanta and dn this
@ontalned, the Developar has forthwith deposited with the
City by the sum of
Dollars drawn on the
Branch, British Columbia,
The Developer agreaa that Sf the works are not

AND WHERZAS the Devoloper has agracd to aerign and
transfer unto the City all of its right, title and ineeroat in
the works, an they are constructed, free and clear of
any encusbrencas, for the City's ovn and unfettered use
absolutely;

wow RE this agre wd that fa con-

sideration of the Premises and in 4 t of the A
by the City to permit the construction of the works, the

Developer covenante and Sgrees as follows:

i. In this unless the
xvequire

“Complete* or *Completion*
these vords wh:

“Contract® or “Agreement” shail be construed to
Bean thie Azreunent.

“City Engineer* shall be construed to mean ang
dnclude the City Engineer for the City snd his
duly authorized assistants or such Consulting or
other Profassional Engineers as may be appointed
to act for the City. .

2 The Developer covenants and agrees with the City

to aseign, transfor and convay to the City all of ica right,
title and interest in the works and any and all of tie lands,
wave and except the on-site landscaping and thosa lands dedicated
for reads vhich shali bocone Crown lands, upon or tn which

the works are rituate, Upon the campletion of the works,

and the Developer will fron time to time and at alt tines

@o long as it exercises ny righta of ownership in the lances

upon the request of the City, make, do and execute or cause

of procure to be made, done ond executed, ala such further

~4-

corpieted pursuant ep Parayraph 3 hereto, the City may enter
Upon the lands end complete the works at the cost of the

Oov iloper and deduct fzom the deposit held by the City the

cost of such completion, and the balance of the deposit shall

de returned to the Osveloper, lesa any additional acminiatration
fees or costs required. If there ia ineuffictent monay on
deposit with the City, then the Oaveloper will pay such daficiency
to the City dmediately upon receipt of the City's bill for
Completion, It is understood that the City may do auch work
@ither by iteale or by Contractors anployed by the City,

Xf the vorks are compinted as herain Provided, than the Geposit
shall be raturned to the Developer,

‘. It is understood and creed that the intant of
this Agreement ie that the Davelopar shall construct fully
completed works, and grant all necessary easementa as shown
in the plane and specifications Prepared by

and as approved
by the Engineering Department of the City on the day
of A.D. 19°) which are to City standards and are
“ppraved by the City Engineer and which in the discretion
of the City Engineer may be varied because of conditions
at the site, oo that the works function and operate in a
manner eatiofantory ta the City Engineer and should the works
Provided to be constructed herein prove to be in any way
Selective or should they not operate to the satisfaction
of the City Enginear prior to complation, then the Developer
shail, at its on expense modify and reconstruct the works
@o thet the works shall be fully opecative and function te
the satiafaction of the City Engineer, such satialaction
to bs indicated by a Certificate of Completion, signed by ,
the City Enginser,