iv. removal of utility pole and provision of
alternate service to Lot 13, Rlk. 1, D.n.

379, Grp. 1, Plan 1213, N.W.D.

Cap off and remove existing gas main on the

lot to be purchased,

The works shall be constructed to the standards

required by the subdivision bylaw of the city.

‘AS Security for the due and proper construction
of all the works in this Contract contained and
the Development contemplated, the purchaser
Shall deposit with the city an irrevocable
Letter of Credit in the amount of $21,1%N.aAN in
the form attached as Appendix "gr",

The Purchaser agrees that if the Works are not.
completed pursuant to paragraph 6.5 (a) hereof, | a
the. City may complete the Works, at the cost of ©

the purchaser, and for that purpose may draw

down upon the Letter of Credit the full amount

Of such Letter of credit and should there be
insufficient monies contained in the Letter oF
Credit the Purchaser Shall pay the belance of
‘such insufficiency forthwith upon invoice
therefor or should the Purchaser complete the
Works or should the completion of the Works cost
‘less than the amount of the Letter of Credit the
Letter of Credit or such Part thereof shall be

returned by the City to the Purchaser. The cost

20

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