The said Irrevocable Letter of Credit, plus any interest

thereon earned by the City, snail be released by the City in

favour of the Permittee, in its entirety, less any .
"amount of these funds expended by the City to maintain the services,
after a period of one year has expired from the date of acceptance:
"As constructed" drawings prepared by the Permittee's Engineer to

the City's standards;

Certification by the Permittee's Engineer that the completed services
are in accordance with the "as contracted" drawings mentioned in

(2) above. . .
In the event that the Permittee has not commenced the development authorized
by this Permit by ; 19__, the Permittee may request
refund of the securities described in paragraphs D and F, and the City

shall make such refund Provided that Council approves such refund by
resolution.

411 plans and specifications referred to above are subject to any changes
required by the Building Inspector or other officials of the City where

such plans and specifications do not comply with any duly enacted law or
by-law, and such non-compliance is not specifically permitted by this
Development Permit; minor variations which do not substantially alter the

work referred to in Schedule "A" may be permitted if approved in writing

by the Director of Planning.

(Aewon Pace 1c)