above, the Land Use Contract prohibit the Developer from moving on to the next
phase until building permits for 75% of the houses in the previous phase or
phases have been taken out. This provision should assist in ensuring that the
houses from the project come on the market in an orderly fashion spaced
throughout the time span originally agreed to by Council. The Developer, on the
other hand, has proposed that the single control date used in the Land Use
Contract be the occupancy permit date and that the 75% provision not be included.
It would be appreciated if Council would issue instructions on this particular

point.

5. A provision is contained in the Land Use Contract requiring the entire land
development project ~ but not the actual house construction - to be completed

by December 31st, 1983, and after this date the Land Use Contract will lapse,
the undeveloped land will revert to its original zoning and thus, for ail
practical purposes, a reference to Council will be necessary before further
development can take place.

AL QA bt Bis, 2
City Clerk