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12. The Developer covenants and agrees to apply for a building permit

under the provisions of the “City of Port Coquitlam Building and Plumbing
Code Administration Bylaw, 1974, No. 1299" and pay the requisite building
Permit and plumbing permit fees prescribed therein plus the sum of

$300.00 for each self-contained housing unit which said sum the City

shall eredit to the Waterworks Utility Capital Replacemer:t Fund.

13. The Beveloper further covenants and agrees to pay to the Municipality
the entire cost of connecting all required water, storm and sanitary
. sewer services to the said building and to construct such roadwork,

‘curbing, and paving as is required and to pay to the Municipality upon

the execution of this Agveement (the receipt of which is hereby acknowledged)

the gum of

being the estimated cost to the Municipality of connecting such services
to the said building and constructing such works as are detailed in.

Schedule _—hhexeog.

**NOTE: The final. Land Use Contract document will contain a Schedule
detailing the works proposed and the costs thereof. This
Schedule will include all services and works necessary or
required to service the development in order that all costs”
thereof are borne by the developer.

14. As security for the due and Proper performance of all the covenants

and agreements in this contract contained, the Developer conenantgs énd

agrees to deposit with the Municipality by Letter of Credit the sum of

Dollars, drawn on the Bank of
The Developer agrees that if the works specified on payments called

for herein are not completed or made in accordance with the items of
this agreement, the Municipality may complete the works or make the
paywents at the cost of the Developer and deduct from the deposit held
by the Municipality the cost of such comrletion or Payment, and the
balance of the deposit shall be returned to the Developer, less any
administration fees required. If there is insufficient money on deposit
“with the Municipality, then the Developer will pay such deficiency to
the Municipality inmediately upon receipt of the Municipality's bill for
completion. It 1s understood that the Municipality may do such work ag
required to complete the works either by itself or by Contractors employed
by the Municipality. If all the Developer's convenants are carried out

as herein provided, then the deposit, less administration fees, shall be

returned to the Developer.