CORPORATION OF THE CITY OF PORT COQUITLAM

LAND USE CONTRACT

THIS AGREEMENT made the day of
BETWEEN:
THE CORPORATION OF THE CITY OF PORT COQUTILAM
(hereinafter called the "Municipality"
OF THE FIRST PART:

OCEANSHORES DEVELOPMENTS LID., A Company incorporated
pursuant to the laws of the Province of British
Columbia, and having its registered office at 1313
West Pender Street, Vancouver, Province of British
Columbia

(hereinafter called the “Developer")

OF THE SECOND PART:

WHEREAS the Municipality, pursuaat to Section 702A of the "Zunicipal
ce, may, notwithstanding any by-law of the Municipality, or Section
712 or 713 of the "Municipal Act” upon the application of an owner ef
iand within 2 development area designated as such by By-law of the
Municipality, enter into a Land. Use Contract containing such terms and
conditions for the use and development of the land as may be mutually
agreed upon and thereafter the use and developwent of that land shall be.
in accordance with such Land Use Contract;

AND WHEREAS the "Municipal Act" requires that the Municipal Council,
in exercising. the powers given by Section 702A, shall have due regard to

the considerations set out in Section 702(2) and Section 702A(1) in

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arriving at the use and development permitted by any land development

contract and the terms, conditions and considerations thereof;

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AND WHEREAS the Develuper has presented to the Municipality a

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scheme of use and development of the within described lands and premises-

{ and has made application to the Municipaiity to enter into this Land Use

Contract under the terms, conditions and for the consideration hereinafter

set forth;

AND WHEREAS the Council of the Municipality, having given due

regard to the considerations set forth in Sectioas’ 702(2) and 702A(i) of

the “Municipal Act", and the Port Coquitlam Official Coumunity, Plans,

has agreed to the terms, conditions and consideration herein contained;

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