THE CORPORATION OF THE CITY oF PORT COQUITLAM BY-LAW NO. 1427 A By-law to authorize the execution of Landecaping Agreements by The Corporation of the City of Port Coquitlan, The Municipal Council of The Corporation of the City of Port Coquitlam, in open ueeting assembled, enacts as follows: 1. The Mayor and City Clerk are hereby authorized to enter into Landscaping Agreements as may be required from time to time in the processing for approval of rezoning applications, subdivisions, or the issuance of building pernite. 2. Zach Landscaping Agreement aforesaid shall be in the form annexed to this By-law as Schedule "A" tugether with such minor deletions or alterations a3 are necessarily required te accurately reflect the particular circumstances of each individual rezoniag application, subdivision, or issuance of building permit. 3. The Mayor and City Clerk are hereby authorized to sign such Landscaping Agreements on behalf of the City and affix the Corporate Seal thereto, This By-law may be cited for all Purposes as the "Landscaping Agreement Execution Authorization By-law, 1976, No. 1427", THIS AGREEMENT made the BETWEEN: THE CORPORATION OF THE CITY OF PORT COQUITLAM, a City Municipality duly incorporated under the laws of the Province of British Columbia, and having its offices at 2272 McAllister Avenue, City of Port Coquitlam, Province of British Columbia, (heretnafter called the "City") OF THE FIRST PART: (hereinafter called the "Applicant") OF THE SECOND PART: WHEREAS the Applicant desires to construct a building or buildings © on certain lands and premises within the City of Port Coquitlam, in the Province of British Columbia, and more Particularly known and described asi which lands shall hereinafter be veferred to as "the lands"; AND WHEREAS the Applicant has made application for a building permic under the provisions of the "City of Port Coguitlam Building and Plumbiag Code Administration By~law, 1974, No. 1298"; AND WHEREAS the Applicant proposed to landscape such part of the lands not covered by a building and has submitted a plan thereof which said plan is annexed hereto as Appendix 1; NOW THEREFORE this agreement witnesseth tat in consideration of these premises, the Applicant covenants and agrees as follows: 1. The Applicant covenants and agrees to complete the landscaping of the lands in accord with the provisions of the plan annexed hereto as Appendix I and to complete the construction and installation of the plan-of landscaping shown therein to the satisfaction of the Planning Officer by the day of » AD. 19 2. As security for the due and proper performance of all the covenants and agreements in thic contract contained, the Applicant has forthwith deposited with the City by Letter of Credit the sum of