dated torr. peice tae Ee Sa ALY CECTL CECE 539 Laurier Avenue Port Coyude lam, British Columsia (the "Owner" ] AND: FUE CORPORATION Gr a CIY OF Port coourr.ay MeAdh ister Avenue etnies Port Coguitlam, British Columbia VIC 2ASs (the "City ") WHEREAS the Owner desires to construct a naw dwelling unit on the Lands herein defined; AND WHEREAS during the Period of construction of the new dwelling Wodt the Owner desires to continue to reside in the existing dwell ing unit on the Lands; AND WHEREAS it is a viclation of the Zoning. Bylaw herein defined to have two dwelling units on the same lot in a One-family rcopi~ vential zone unless ‘this Agreament 48 entered into NOW THEREFORE in consideration of the foregoing, the sum of one Collar, receipt of which from each party is hereby acknowindged the other and Other good and valuable consideration THE PARTIES AGREE AS FOLLOWS; 1. The Owner, being the registored owner in fee simple of the Lands municipality described as 519 Laurier Avenue in Pore Coquitlam, British Columbia on which 4 dwelling unit Presently exists, shall: (a) demolish ana vemove at his own expense the exist- ing dwelling unit including the building in which it is located forthwit:, upon: fa) issuance by the City of an eccupanny permit on completion of construction of the new dwelling undt te be censtrucced unuee the auchority of building permit 3; or (b) receiving a request for any reason by the City to do so; whichever is earlier AND IF FOR ANY REASON the Owner re- fuses, negleets or otherwise fails to honour this pro- Vision within thirty days of the earlier of the two above mentioned dates the Owner hereby grants to the City the éuthority to enter the Lands, @emolish ana remove the existing dwelling unit and the building in which it is Incated and hereby covenants that 211 costs, up to $20,000.00, incurred by the City in so doing shall be Paid to the City by the Owner and the Owner warrants that demolition and removal herein hy the City ts a work and service provided by the City under an enactment Presently in foree because the existing dwelling unit wili be in contravention of the Zurning Bylaw. 2. This agreement shall enure to the benefit of and be dinding on the successors and assigns of cach party; each reference to each party includes the heirs, successors, bermitced assigns, emplovees, officers and agents of that parcy where che context so allows; and this agrvemont is binding on each Party hereto notwiths any rule of law or equity to the contrary, IN WITNESS WHEREOP the Owner signnd these bYesents under seal in the presence of: SIGNED, SEALED AND DELIVERED by the Owner in. the Presence oft: i | MANE ADDRESS CSCUPAPION PaAvoR beditl! of the city TON eR mg By we