BY~LAW NO. 1386 ~- SCHEDULE "4"

THIS AGREEMENT made the "day of
in the year of our Lord one thousand nine hundred and seventy-four.

RETWEEN: ; .

. THE CORPORATION OF THE CITY OF PORT C UITLAM,
a municipal corporation incorporated under the
“Municipal Act", R.S.B.C., 1957, and amendments
thereto.

(hereinafter called the City).
OF THE FIRST PART

BOARD OF SCHOOL TRUSTEES,

School District No. 43 (Coquitlam),

(hereinafter called the Board).
OF THE SECOND PART

WHEREAS the City is the Owner in fee eimple of land situate, lying
and being in the City of Port Coquitlam, Province of British Columbia, and
more particularly known and described as:

That Part of Lot C, NwW4 Section 6, Township 40,
Plan 5098, lying South and East of Parcel 23, Plan 19248

AND WHEREAS the City has agreed to construct upon the said lands e
Recreation Complex consisting of a covered swimming pool, gymnasium, activity
““yoom and related facilities as a community recreation facility;

-AND WHEREAS the Board has agreed to pay one-half of the construction cost
of that portion of the aforemontioned Recreation Complex which houses the swimming
pool building and fixtures and equipment therein contained; hereinafter referred

. to as the facility;

AND WHEREAS the Board has agreed with the City to pay to the City a
‘portion of the costs for the maintenance, administration and operation of the
said swimming pool building and fixtures and equipnent therein contained;

AND WHEREAS the City may, pursuant to Section 624 of the Municipal Act;
and the Board may pursuant to Section 171 of the Public Schools Act, enter into
an agreement for the purpose of contributing to the cost of construction, mainten-
ance and operation of facilities for community uses

NOW THIS AGREEMENT WITNESSETH THAT in consideration of the mutual covenants
and agreements herein contained and subject to the terms and conditions hereinafter

set out, the parties agree as follows:

Le The Board shall pay to the City a share of the costs of maintenance,
administration and operation of the said facility in the following manner:

; (a) In the year 1974 any expenses for maintenance, administration, and
‘operation shall be specifically approved by the parties heretc, and the Board shall
pay fifty percentum (50%) of the costs thereof as they occur.

(b) In each and every year the City shall cause to be prepared a budget
for operction, maintenance and administration which shall be submitted to the
parties on or before the 15th day of October, which on approval ‘shall be the budget
for the ensuing year.

(c) If the "budget" is not approved by the 15th day of November in any
year for the ensuing year, the "budget"! shall be referred to arbitration pursuant
to the "Arbitration Act", R.S.B.C., 1960, Chapter 14, which shall render its
decision on or before the 15th day of December, and such decision shall be binding

upon both partiea hereto.