THE CORPORATION OF THE CITY OF PORT COQUITLAM BY-LAW NO. 1347 ; A By-law to authorize the City to enter into Land Use Contract No. 8. WHEREAS the "City of Port Coquitlam Zoning By-law, 1969, No. 918" as amended designates certain areas of land within the zones set out therein as “Development Areas"; AND WHEREAS the lands hereinsfter described are situate within an area so designated; AND WHEREAS the Qwner of the said lands has made application for a Land Use Contract to authorize works, development, and use some aspects of which are not in conformity with the relevant City By-laws as the same apply to the zone in which the said lands are situate; AND WHEREAS the Council has given due regard to the following ’ considerations: : 1. (a) the promotion of health, safety, convenienc~ and welfare of the public. .. (b) the prevention of the overcrowding of land, and the preservation of the smenities particular to any zene. 4 . . (c) the securing of adequate light, air and acceas. (d) the value of the land and the nature of its present and prospective ‘use and occupancy. . eo, (e) the character of each zone, the character of the buildings already erected and the peculiar suitability of the zone for particular re Sonate ane aimee use. the conservation of property values. the development of areas to promote greater efficiency and impact of development on present and future public costs. betterment of the environment. . , fulfillment of community goais. provision of necessary public space. and it is deemed desirable to enter into Land Use Contract No. 8 in the form and to the extent hereinafter provided; NOW THEREFORE the Municipal Council of The Corporation of the City of Port Coquitlam, in open meeting assembled, enacts as follows: i. The Council of The Corporation of the City of Port Coquitlam is hereby authorized and empowered to enter into a Land Use Contract with Ellwood Properties Ltd., 92 West 2nd Avenue, Vancouver, B. C.