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(b) As security for the due and proper performance of all the
covenanta and agreenenta in this Contract contained the Developer
ecvenants and agrees to deposit with the Munietpality by Letter of
Credit the sun of Thirty-three Thousen? Four tundred ($32,400.00) Dollars.

(c) The Developer further covenants and agrees to contribute

forthwith to the Munic{pality the sum of Six Thousand Une Hundred Forty-

efghe ($6,148.90) Dollars being the net total of those amounts set out
in Section 2 of Schedule "D" hereto required to facilitate servicing of
the development proposed herein and which the Municipality covenants and
agrees to apply to the cost of those works and services sect out in the
said Section 2 of Schedule "p" hereto.

(4) The Developer agrees that if the vorks specified Gerein are
not coxpleted pursuant to the provisions of this section and the aforesaid
Schedule “b", the Municipality may complete the works at the coat of the
Developer and deduct from the deposit held by the Municipality the cost
of such conpletion, and the balance of the deposit shall be returned to
the Developer, less any administration fecs required. If there is
insufficient money on deposit with the Municipality, then the Developer
will pay such deficiency to the Municipalsty fenediately upon receipt of
the Muntclpality's bill for completion. It is understood that the
Hunistpalicy may do such work either by itself or by contractors employed
by the Municipality. If the works are ccapleted ag herein provided,
then the deposit, less adninistration fees, shall be returned to the
Developer.

Upgrading of Publ fe Works:

13. (a) “the Developer covenants and agrees to apply for a building
rereie under the peevtetons af che Metey of Sort Gpquitian Building and
Pluabing Code Adpinistration By-law, 1974, No. 1298" snd pay the requisite
bullding perait and plunbing permit fees prescribed therein.

(bo) The Developer further covenants and agrees to pay to the
Municipality the sum of $300.00 for each self-contained housing unit to
be constructed by the development authorized herein which said sum the
City shatl credit to the Waterworks Utility Capital Replacement Fund to
assist in defraying the cxeessive costs incurred by the Municipality for ;
improvements to the watervorks system made necessary by the increased
population and service requirements erented by the development authorized

herein.

~be

Deponit of Debris on Roads and_Nutsances:

14. . The Developer covenants and agrees not to deposit any waterial
or debris upon any roads during the construction of the safd work and to
continuously carry on the construction of the said work in a goed and
proper workmanlike manner causing a8 little disturbance to neighbouring
Properties as is reasonable under the circumstances. In ‘the event 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 neighbouring properties of the work the Developer - .

covenants and agrees that the Municipality may forthuith resove such
material or debris or put right such nufsance at the expense of the
Developer, the cost thereof to be detersined by the Engineer. In the
event that construction uf the work ceases for any period of tice in
excess of thirty days the Developer covenants and agrees that the
Municipality may forthwith enter upon the Property and construct: thereon
a solid board fence not greater than eight feet in height nor tess thas
six feet in height surrounding the entire perimeter of the project ané
that in so doing the Municipality accepts no responsibility for the
suitability or adequacy of the said fence erected for the benefit of the
paid Developer and for which the Developer covenants and egrecs to
accept full responsibility and to save hareless the Munfctpality fron
each and every action and claim which may be brought or arise a3 a
result thereof, In the event that any invoice of the Nunicipalicy for
the removal of such material or debris or construction of the fence
shail gemnin unpaid after thicty days of recefpt of the sane by the
Developer tha Municipality is authorized to deduct the anount 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 vorks to be buile pursuant to this
Contract in complete repair for a period of one (1) yeer fron the.

completion thercof as certified by the Municipal Engineer.