THE CORPORATION OF THE CITY OF PORT COQUITLAM LAND USE CONTRACT SCHEDULE ''3" Schedule of permitted land use: ary Sixty-four (64) Townhouse Strata Title Units constructed in accord with the plans.annexed hereto which said plans form part of this Schedule. Subject to the provisions of this Land Use Contract and to the "Strata Titles Act" of. the Province of British Columbia, the development, use and subdivision of the land and the buildings thereon as a strata subdivision pursuant to the provisions of the said "Strata Titles Act" may be permitted. Except as otherwise provided in this Land Use Contract the above-noted use shall be permitted to the limit and extent provided in Part V of the "City of Port Coquitlam Zoning By-law, 1969, No. 918" as in force on the date ef registration of this Agreement in the New Westminster Land Registry Office as if the said use was occurring on property zoned RM-3 (intermediate Density Apartment Residential) under the said Zoning By-law. A copy of the said Part V is annexed hereto and forms part of this Schedule. It is understood and agreed between the Developer and the Municipality that construction of 32 of the townhouse strata title units may commence immediately upon registration of this Land Use Contract in the New Westminster Land Registry Office and issuance of the necessary building permit therefore and that construction of the next 32 units shall not commence until a per‘od of 8 months has elapsed from date of issuance of the building permit for the first 32 units. “aR