THE CORPORATION OF THE CITY OF PORT COQUITLAM MEMORANDUM B.R. Kirk, August 23, 1988 City Administrater FROM: RoA. Freeman, City Clerk/Deputy Administrator SUBJECT: Latecomer Charge Waiver Agreement ~ Filipino Canadian Investors Corporation RESOLUTION: “AT THE REQUEST OF and pursuant to the Agreement with Filipince Canadian Investors Corporation dated the 9th day of August, 1988, BE IT RESOLVED that the works described in the aforesaid Agreement aad installed or to be installed by the said Filipino Canadian Investors Corporation in connection with the development of the land described as: Portion of Let 1, Plan 71092, Lots 89 and 90, Plan 16702, Lots 91 and 92, Plan 19019, all of District Lot 289, Group 1, New Westminster District are hereby conclusively deemed to be for the sole benefit of those lands and that none of the cost of providing the said works and services shallconstitute “excess or extended services” as fefined by Section 990 of the Municipal Act; AND THAT the aforesaid Agreement be and the same is hereby approved and that the Mayor and City Clerk are authorized to sign the same on behalf of the City and to affix the Corporate seal thereto." Background and Comments: The Agreement that would be approved by passage of the above noted resolution follows the City's standard form for such Agreements and is available for perusal in the Clerk's office. MINE R.A. Freeman, City Clerk/Deputy Administrator 24