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DRAFT

1974 Agreement
17. The 1974 Agreement is amended as follows:

a) The Board's share of the cost of maintenance, administration and
operation of the Hyde Creek facility shall be $59,000.00 beginning in the
1994 calendar year. In subsequent years from 1995 through 2005 the
Board’s contribution shall be adjusted annually by the rate of change in
the Statistics Canada Consumer Price Index for Vancouver (all items) for
the preceding calendar year. Annual contributions shall be paid by the
Board on or before June 30 in each calendar year.

The Board shall transfer the School District’s title to its portion of the
Hyde Creek facility to the City for $1.00 on December 31, 2005.

The City shall provide a pool program for the Board with 2,100 hours
annually of instructor time for students. lustructional costs shall be paid
by the City but the Board shall pay the costs of providing life jackets and
canoes as required by the Board, and the fees charged by third parties for
studerit exams. Instructor time shall include all the time that an instructor
spends in planning, preparing, evaluating or instructing the Board’s swim
program.

The City and the Board shall consult annually on the content of the
swimming school program and shall use their best efforts to reach
agreement on the program for the following school year by June 15 of
each year. Failing agreement, the City shall determine the content of the
annual program.

The Board agrees ‘hat the City may expand the Hyde Creek Centre, at the
City’s sole discretion.

The Board agrees that all revenues generated at the Hyde Creek facility,
beginning on January 1, 1994, shall be entirely the City’s.