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(b) As security for the due and proper performance of all the
covenants and agreeanents in this Contract contained the Developer
covenants and agrees to deposit with the Hunicipality by Letter of
Credit the sum of Nine Thousand Three Hundred and Fifty ($9,350.00)
Dollars.

(ce) The Developer further covenants and agrees to contribute
forthvith to the Munieipslity the sum of Two Thousand Nine flundred and
Twenty-six ($2,926.00) Dollars being the net total of those amounts set
out in Section 2 of Schedule "D" hereto required to facilitate servicing
of the development proposed herein and vhich the Municipality covenants
and agrees to apply to the cost of those works and services set out in
the said Section 2 of Schedule "D" hereto.

(ad) The Developer agrees that if the vorks specified herein are
hot completed pursuant to the provisions of this section and the aforesaid
Schedule “D", the Munictpality nay complete the works at the cost of the
Developer and deduct from the deposit held by the Municipality the cost
of such completion, and the balance of the deposit shall be returned to
the Developer, less any administration fees required. If there is
fusufficient noney on deposit with the Municipality, then the Developer
will pay such deficiency to the Municipality immediately upon receipt of
the Municipality's bill for completion, It is understood that the
Municipality may do such vork efther by itself or by contractors employed
by the Municipality. If the works are completed as herein provided,
then the deposit, less adninistration fees, shall be returned to the
Developer.

Unpradine of Public Works:

13. (2) The Developer covenants and agrees to apply for a building
permit under the provisions of the "City of Port Coquitien Building and
Plunbing Code Aduinistration By-law, 1974, No. 1298” and pay the requisite
building pernit and plumbing permit fees prescribed therein.

(b) The Developer further covenants and agrees to pay to the
Yanicipali{ty the sum of $300.00 for each self-contained housing unit to
be constructed by the developnent authorized herein which sald sum the
City shall credit co che Watervorks Utility Capital Replacement Fund to
easist in defraying the excessive costs incurred by the Municipality for
inproverents to the watervorks system mide necessary by the increased
population and service requirements created by the development authorized

herein.

Deposit of Debris on Roadn and Nufsances:

4, The Developer covenants and agrees not to depostt any eatertal

or debria upon ary roads during the construction of the said work and to

continuously carry on the construction of the said vork in 2 good and

Proper workmanlike manner causing as Little disturbance to neighbouring
Properties 25 is reasonable under the circumstances. In the event that
any material or debris should be deposited upon any road during the
construction of the work or should the construction by the Developer
constitute a nuisance to neighbouring properties of the work the Developer
covenants and agrees that the Municipality may forthwith tenove such
material or debris or put right such nuisance at che expense of the
Developer, the cost thereof to be determined by the Engineer. In the
event that construction of the work ceases for eny perfod of tise In
excess of thirty days the Developer covenants and egrees that the
Municipality may forthwith enter upon the property and construct thereon
a aolid board fence not greater than efght feet in hefghe nor less than
aix feet in height surrounding the entire perimeter of the project and
that in so doing the Municipality accepts no responsibility for the
suitability or adequacy of the aaid fence erected for the benefit of the
eaid Developer and for which the Developer covenants and agrees to
accept full responsibility and to save harnless the Municipality fron
each and every action and claim which may be brought or arise as a
result thereof. In the event that any invoice of the Munfeipality for
the removal of such material or debris or construction of the fence
shall remain unpaid after thirty days of receipt of the sane by the
Developer the Municipality is authorized to deduct the amount of such
invoice from the deposit referred to in Section 12 hercof.

Maintunance of Worke by Nevelopert

15. The Developer covenants and agrees to:
(a) Maintain all of the said vorks te be built pursuart to this
Contract in complete repair for a period of one (1) year fron the

completion thereof as certified by the Municipal Engineer,