(b) As security for the due and Proper performance of all the
covenants and agreements in this Contract contained the Developer
covenants and agrees to deposit with the Huntedpality by Letter of
Credit the sun of Twenty-six Thousand Eight Hundred and Fifty ($26,850.00)
Dollars.

(c) The Developer further covenants and agrees to contribute
forthwith to the Municipality the sum of One Thousand Eight Hundred and

Ten ($1,810.00) Dollars being the amount set out in Section 2 of Schedule

"D" hereto for Municipal Inspection.

(dé) The Developer agrees that if the works specified herein are
not completed pursuant to the provisions of this section and the aforesaid
Schedule "D", the Municipality may conplete the works at the cost of the
Developer and deduct from the deposit held by the Municipality the cost
of such completion, and the balance of the deposit shall be returned to
the Neveloper, less any administration fees required. If there is
insufficient Roney on deposit with the Municipality, then the Developer
will pay sucn deficiency to the Municipality imhediately upon receipt of
the Municipality's bili for completion. It is understood that the
Municipality may do such work either by itself or by contractors employed
by the Municipality, If the works are completed as berein provided,
then the deposit, less administration fees, shall be returned to the
Developer. ,

Upgrading of Public Works: .
13. The Developer covenants and agrees to apply for a building permit
under the provisions of ‘the “City of Port Coquitlam Building and Plumbing

Code Adninistration By-law, 1974, No. 1298" and pay the requisite

building permit and plumbing permit fees prescribed therein.

~6-

Deposit of Debris on Rosds and Nutsances:

14. The Developer covenants and agrees not to deposit any material

or debris upon any roads during the construction of the said work and to

continuously carry on the construction of the said work in 2 gocd and

proper workmanlike manner causing as little disturbance to netghbouring

Properties as is reasonable under the circumstances. In the evenr that
any material or debris should be deposited upon any road during the
construction of the work or should the construction by the Developer
constitute a nuisance to neighbour ing Properties of the work the Developer
covenants and agrees that the Municipality may forthwith renove such
material or debris or put right such nuisance at the expense of the
Developer, the cost thereof to be determined by the Engineer. In the
event that construction ‘of the work ceases for any period of tine in
excess of thirty days the Developer covenants and agrees that the
Municipality may forthwith enter upon the property and construct thereon
8 solid board fence not greater than eight feet in height nor less than
six feet in height surrounding the entire perimeter of the project and
that in so doing the Municipality accepts no responsibility for the
suitability or adequacy of the said fence crected for the benefit cf the
said Developer and for which the Developer covenants and agrecs to
accept full responsibility and to save harmless the Municipality fron
each’ and every action and claim which may be brought or arise as a
result thereof. In the event that any invoice of the Municipality for
the removal of such material or debris or construction of the fence
shall remain unpaid after thirty days of receipt of the sane by the
Developer. the Municipality is authorized to deduct the azount of such
invoice from the deposit. referred to in Section 12 hereof.
Maintenance of Works by Developer:
15, The Developer covenants and agrees to:

(a) Maintain all of the said works to be built pursuant to this

Contract in complete repair for a period of one (1) year from the

‘completion thereof as certified by the Munfcipal Engineer.