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THE CORPORATION OF THE
CITY OF PORT COQUITLAM FEB 10 1992

B.R. Kirk DATE: February 6, 1992
City Administrator

LR. Zahynacz, P. Eng.
City Engineer

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That Council authorize His Worship the Mayor and the City Clerk to execute the: attached
agreement for the Dominion Pump Station and Associated Drainage Works provided that
Fremont Holdings Ltd. is dually incorporated and \akes tide to the parcels of land described in

Schedule 'B’ to the agreement.

At the October 25, 1991 Council meeting, Council adopted the following resolutions: -

| “That Council authorize Fremont Holdings Lid. to construct the Dominion Pump
Station and associated ditch improvements to the City’s requirements at an
estimated cost of $7,000."

"That the City agree in principle to waive the Drainage DCC’s that would normally
apply to property owned by Fremont Holdings Ltd. by the amount of the costs of
the pump station and associated ditch improvements."

The key points in the attached draft agreement which was prepared by Grant Anderson are:

1) Fremont Holdings Ltd. will design and construct the Fremont Pump Station and
associated works to the City’s requirements. Fremont Holdings Ltd. will
provide an irrevocable letter of credit to the City as security for this work.

The City of Port Coquitlam would waive the Drainage DCC’s for land owned
by Fremont Holdings Ltd. up to the amount of the, costs for the Dominion

Pump Station and associated works.

The contract for the construction of the works shall not be awarded by Fremont
Holdings until the contract is approved by a resolution the Council of the City.

.