bad

Letter of Credit in an amount estimated! by the design

engineer retained by Genstar or by Westview to be
sufficient to complete the particular Section of the
Works required by the City! ana accepted by the City,

Sandcastles (on behalf of Westview), as applicable,
(hereinafter called the "second party") which is
required by the City to complete that particular Section
of the Works in order to obtain the approval of
Subdivision plans or issuance of building permits with
respect to Genstar’s lands or Westview’s lands, as
applicable, to Provide to the City a cash deposit in an

In the event Genstar is the first to Proceed with any
Section of the Works, either as a result of the City
requiring that Section of the Works as a condition of
issuance of a building permit or the approval of a
subdivision plan or as a voluntary act by Genstar,
Westview agrees to pay to the City for the benefit of
Genstar for Westview’s use of that Section of the Works,

municipal by~laws to the sewage System maintained by the

ii) for the use of the Pump Station (as outlined in
in

recital E.2) and the Force Line (as outlined

Cost Two x A (or Cost Two x 605)
A+ B+te ( 927)