. ‘ THE CORPORATION OF THE city OF FORT COQUITLAM LAND USE CONTRAC THIS AGREEMENT made the day of A.D. 1973 BETWEEN: THE CORPORATION OF THE CITY OF PORT COQUITLAM 2272 McAllister Avenue, Port Coquitlam, B.C, (hereinafter called the Municipality") OP THE FIRST PART: FLORENCE MYLROTE 2156 Prairie Avenue, Port Coquitlam, B.C, FRANK YERIO KIMMEL AND MARY MILDRED: EIMEL 2052 Suffolk Avenue, Port Coquitlam, B.C. (hereinafter called the "Developera") . OF THE SECOND PART: WHEREAS the Municipality, purauant to Section 762A of the "Municipal Act", may, notwithstanding any By-law of the Municipality, or Section 712 or 713 of the “Municipal Act" upon the application of an ower of land within a development area designated as auch by By-law of the Municipality, enter into . @ 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 development of that land shall, be tn sccordance with such Land Use Contract; AND WHEREAS the “Municipal Act" Yequires that the Municipal Council, in exercising the powers given by Section 702A, shall have due regard to the considerations set out in Sectien 702(2) and Section 702A(1) in arriving at the use and development permitted by any lund development contract and the terss, conditions and considerations therecf; AND WHEREAS the Developerea have presented to the Municipality a schema of use and development of the within described lands and Preniees end have made application to the Municipality te enter into this Lend Use Contract under the teras, coaditions and for the consideration hereinafter set forth; AND WHEREAS tha Council of the Municipality, having given dus regord to the considerations set forth in Sections 702(2) and 702A(1) of the "Municipal NODS emmesceeramirnn ae swine Lacie” na seryen actA HE mac A AGI atte mate SAT Soa rt, ~2- Act", and the Port Coquitlam Offtctal Community Plans, hee agreed to the terus, conditions end consideration herein contained; AND WHEREAS « Land Uoe Contract is deemed to be a Zoning By-law for the purpoge of the “Controlled Access Highways Act” end if the lend is so aituated that it is subject to such “Act", the approval of the Minister of Highways to tha use set forth in this agreement must first be obteined before the Municipality can enter into games AND WHEREAS a Land Use Contract may not deal vith any lends designated flood plein on the Official Regional Plan, util the seid contract is epproved by the Minister of Municipal Affairs; AND WHEREAS the Davelopera acknovledge that they are fully avere of the provisions and limitations of Sections 702A of the "Municipal Act" and the Municipality and the Developers mutually acknowledge and agree that the Council of the Municipality cannot enter into this agreement until the Council has hald @ public hearing thereon, in the manner Preecribed by law, has duly considered the representations made and the opinions expressed at such hearing, and uniese a usjority of two-thirds (2/3) of al1 the renbers of tha Council vote in favour of the Municipality entering into this Contract, NOW THEREFORE this agreement witnesseth that in corsiderat‘ on of the Premiseg and the conditiona and covenanta hereinafter set forth, the Municipality and the Developers covenant and agree as follows: 1. In this Agreement unless the Context otherwise requires: Definitions “Building Inspector" Building Inspector fo aosietants or such Co the Municipality, "Complete" or "Completion" used with respect to the wo mean completion to the sati of the Municipality vhen so "Engineer" shall be construed to mean and include the City Engineer for the Municipality and his duly authorized assistants or such Consulting or other Professional Engineers as way be appointed to act for the Municipality, "Work" whall be construed to mean and include ali work required to be done for the setting out, the execution and the coupletion of thia Agreement to the satisfaction of the Municipality, MA The Developere are the registered owners of ac estate in fee sizple of ALL AND SINGULAR that certain parcel or tract of land anc premises situate, dying and being in the City of Port Coquitlam, in the Province of Sritish Coluxbia, and being more particularly known and described ast FRR TEI ERTS RSH ot ete OY OT ate ee ait fee een