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Act", and the Port Coquitlam Official Community Plans, has agreed to the terns,

conditions and consideration herein contained;

AND WHEREAS a Land Use Contract is deemed to be a Zoning By~law for
the purpose of the "Controlled Access Highways Act" and if the land is so
Situated that it is subject to such "act", the spproval of the Minister of
Highways to the use set forth in this agreement must first be obtained before
the Municipality can unter into same;

AND WHEREAS a Land Use Contract may not deal with any lands designated
flood plain on the Offictal Regional Plan, until the said contract is approved
by the Minister of Municipal Affairs;

AND WHEREAS the Developers acknowledge that they are fully aware of the
Provisions and limitations of Sections 702A of the "Municipal Act" and the
Municipality and che Developers mutually acknowledge and agree that the Council
of the Municipalicy cannot enter into this agreement until the Council has held
a public hearing thereon, in the manner prescribed by law, has duly considered
the representations made and the opinions expressed at such hearing, and unless
a majority of two-thirds (2/3) of all the menbers of the Council vote in favour
of the Municipality entering into this Contract.

NOW THEREFORE this agreement witnesseth that in consideration of the
Prenises and the conditions and covenants hereinafter set forth, the Municipality
and the Developers covenant and agree as follows:

1, In this Agreement unless the context otherwise requires:

Def tnitions “Building Inspector" shall be construed to mean and include the
Building Inspector for the tunicipality and his duly authorized
assistants or such Consultents as way be appointed to act for
the Municipality.

"Complete" or "Completion"

used with respect to the wo

tTean completion to the sat:

of the Municipality when so

“Engineer” shall be construed to ne.
Engineer fo

“Work" shall be construed to mean and include all work required
lone for the setting out, the execution and the completion
of this Agreement to the satisfaction of the Municipality,

tA. The Developers are the registezed owners of an estate in fee simple of

ALL AND SINGULAR that certain parcel or tract of land and Premises situate,

lying and being in the City of Port Coquitlam, in the Province of British

Colurbia, and being more Particularly known and described as:

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Lot 4, Block 32, District Lot 464, Group 1, Plan 7080, New Westainster
District.

(hereinatter called "the land").

2. The Developers have obtained the consent of all Persons holding any
Consents

registered interest in the land os set out in the Consents to the use and

development set forth herein, which Coneznts are attached hereto.

3. The land, including the surfaces of water, and any and all buildings,

Structures and tmprovenents erected thereon, thereover or therein shall ke used

oniy for those uses permitted in RM-1 (Low Density Apartment Residencial) Zcnes

in the City and for no other purposes whatsoever.

4. The most easterly fourteen feet of the property shall be dedicated as

toad allowance by a plan of subdivision to be prepared at the expense of the

Developers.

5. No building, structure or improvement shall be sited upon the land

except in compliance with the site plans and particulars set out cn a Growing

prepared by Poul E. Hansen and entitled “Proposed sixteen unit towthouse protect”

which said drawing is attached hereto and marked Appendix 1.

6. Off-street parking and leading spaces upon the said lands shall be

Provided, located and constructed in accordance with the Appendix hereto.

7. Except where otherwise Provided herein or {n appendix J hereof all
Construction

buildinga and structures shall be constructed strictly in corpliance with ell

by-laws, statutes, and rules and regulations Pertaining to building constructicn,

zoning, or other relevant mattera,

8.
Landscaping,
ete, corstructed, located, provided and Haintained in compliance with and according to

All landscaping, surface treatments, fences snd sereens shall be

the plans set cut on Appendix I hereof.

9. The Nevelopers covenant and agree to pay to the City the entire ces of
connecting ail required water and sanitary sever services to the said building
and without in any way limiting the generality of the foregoing to pay to the
City upon the execution of this Agreement the sum of Three thousand Nine hundred
Sixty-etght ($3,968.00) Dollars (the receipt of which is hereby acknowledzed)

being the estimated cost and charges for the following matters:

ete,

opeeee heed