which would have been payable exceeds the Contribution) within thirty days
of adoption of the related development cost charge bylaw, without interest,
or within thirty days of approval of subdivision whichever is the later.

Subject to Sections 3(b) and 5(b), the City shall not be obligated to expend
the Contributions upon a particular project or within a specified period of
time.

The Owner acknowledges that:

a) payment of the Contribution is entirely voluntary and was made
following receipt of advice from the Owner’s solicitor; and

b) payment of the Contribution does not obligate the approving offer of
the City to approve any proposed subdivision.

Payment of Contribution (as adjusted pursuant to Section 6) shall exempt the
Ovmer and the Owner’s successor in the title to the Lands from payment of
development cost charges for the capital projects included in the calculations
for the proposed development cost charge bylaws, upon release of the
Contributions for the use of the City.

Nothing in this agreement obligates the Council of the City to adopt any
bylaw.

THE CORPORATE SEAL of the City
of Port Coquitlam was hereunto
affixed in the presence of:

Mayor

Na Nowe See” See Nee See? See” Nene” Sue” Neer”

Clerk

THE CORPORATE SEAL of
Rafiki Estates Ltd. was hereunto
affixed in the presence of:
\
_ . ; _ Cy aA He
Nafne: Jayantilal Gandesha

a ”

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