-5-

the "Development Agreement No. 1") to provide, con-
struct, and install such off-site works and land-
scaping as shall be deemed necessary by the Municipal
Engineer and the Municipal Planner respectively, to
serve the said land and the development of that por-
tion thereof, and to pay the entire costs of the
completion of such work; and it is understood and
agreed that this Phase shall be carried out in con-
formity with the following Schedule:~

APPROVAL OF Upen execution of this Land Use Contract and

SUBDIVISION: entry by the parties into “Development Agree-

ment No. 1",

ISSUANCE OF Upon registration of Plan of Subdivision.
BUILDING PERMITS:

ISSUANCE OF Pursuant to building by-law and as building
OCCUPANCY PERMITS: and development is completed. ,

PEASE II -shall include the subdivision of that portion of the
land shown marked "Phase Two" on the plan of proposed
subdivision hereinbefore referred to, and the develop-
ment of the Sixty (60) residential lots created thereby
and composed of Fifty-seven (57) one-family residential
tots, and Three (3) two-family residential lots, pur-

suant to Schedule "B" hereto, and to facilitate the

use and development of that portion of the land, the

Developer covenants and agrees, as a condition prece-

dent to the approval of the plan of subdivision thereof,

to enter into an agreement with the Municipality sub-
sequent hereto (hereinafter called the "Development

Agreement No. 2") to provide, construct and install

such off-site works and landscaping as shall be deemed

necessary by the Municipal Engineer and the Municipal

Planner respectively, to serve the said land and the

development of that portion thereof, and to pay the

entire costs of the completion of such work; and it

is understood and agreed that this Phase shall be

carried out in conformity with the following Schedule:-

1 ene eee Renew eet pee ee ASRS Il fees tt wnt tat eaeceemerebnne ene te

APPROVAL OF Upon entry into "Bevelopment Agreement
SUBDIVISION: 2" and not prior to July 1, A.D. 1977.

ISSUANCE OF November 1, A.D. 1977
BUILDING PERMITS:

ISSUANCE OF March 1, A.D. 1978
OCCUPANCY PERMITS:

PHASE III - shall include the subdivision of that portion of the
land shown marked "Phase Three" on the plan of pro-
posed subdivision hereinbefore referred to, and the
development of the Forty-three (43)-residential lots
created thereby, and composed of Forty-two (42) one-
family residential lots, and One (1) two-family
residential let, pursuant to Schedule °B" hereto,
and to facilitate the use and development of that
portion cf the land, the Developer covenants and
agrees, as a condition precedent to the approval of
the plan of subdivision thereof, to enter into an
agreement with the Municipality subsequent hereto
(hereinafter called the "Development Agreement No.
3") to provide, construct and install such cff-site
works and landscaping as shall be deemed necessary
by the Municipal Engineer and the Municipal Planner
respectively, to serve the said land and the develop-
ment of that portion thereof, and to pay the entire
costs of the completion of such work; and it is
understood and agreed that this Phase shall be carried
out in conformity with the following Schedule:-

APPROVAL OF Upon entry into "Development Agreement No.
SUBDIVISION: 3" and not prior to April 1, A.D. 1978.

ISSUANCE OF August Ist, A.D. 1978
BUILDING PERMITS:

ISSUANCE OF Pursuant to building by-law and as building
OCCUPANCY PERMITS: and development is completed.

PHASE I¥ - shall include the subdivision of that portion of the
land shown marked "Phase Four” on the plan of proposed
subdivision hereinbefore referred to, and the develop-
ment of the Forty (40) residential. lots created there-

by, and composed of Thirty-nine (39) one-family