be paid over to the Permittee, or should the Permittee carry out the development permitted by this Permit within the time set out in paragraph B hereto, the security and interest thereon accrued by the City shall be returned to the Permittee upon: (1) issuance by the Senior Building Inspector of the City (hereinafter called "The Building Inspector") of an occupancy certificate or certificates, where applicable, and; verification by the Director of Planning of the City (hereinafter called the "Director of Planning"), of his designate, that the development set out in paragraph B hereto, and particularly the landscaping works therein, have been completed in accordance with the terms and conditions of this Permit. E. It is a particular condition of this Permit that: (1) The streets and lanes contiguous to the Lands shall be serviced by the ' construction of the following works: The above works shall be completed by the and The above works shall be constructed in accordance with the Standards and specifications set out in the "City of Port Coquitlam Subdivision of Land Bylaw, 1970, No. 992" and inconformity with those plans and Specifications to be prepared by and approved by the City's City Engineer; and -14-