Neaanshores Developmenta Lted., 1313 Wort Ponder Street, Vancouver, Province of Srltish Columbia, in the form and to the excene set forth In “Land Use Contract No. 7" which is the Schedule hereto annexed and nade part of this By-lav. 2. The said Land Use Contract No. 7 shall extend to and shall regulate the developzent and use of that portion of: Lot 1, Block 4, Plan 1213; S. 128" Lot 2, Block 4, Plan Lot 86, Block 4, Plan 45482; Lot C, Block 4, Plan 20063; Lot D, Block 4, Plan 20063; all of District Lot 379, Croup One, New Westminster District, included in Loc of a consolidating Subdivision Plan (which said Subéivision Plan is attached to Land Use Contract No. 7 as Appendix 1), 3. Land Use Contrast No. 7 shall have the-force and effect of a vestrictive covenant running with the land described in Section 2 hereof ané shall be registered in the New Westminster Land Registry Office by the Cicy, 4, This Zy-law may be cited for all purposea as "Land Use Contract No. 7 Authorization by-law, 1974, No. 1346". Read a first tine by the Municipal Council this Eighteenth day November, 1974. Read a second tine by the Municipal Council this Eighteenth day Noveaber, 1974. Public Hearing held this Ninth day of December, 1974. Read a third tire by the Municipal Council this Twenty-eighth day July, 1975. Received the approval of the Minister of dighways this Reconsidered, finally passed and adopted by a vote in favour thereof of at least tvo-thirds (2/3) of all the nenbers of the Municipal Council of The Corporation of the City of Port Coquitlam this , City Clerk TUE CORPORATION OF THE CIty oF PORT COOUITLAY LAND USE, CONTRACT THIS AGREEMENT made the day of BETWEEN: THE CORPORATION OF THE CITY oF PORT COQUITLAM (hereinafter called the "Municipality") OF THE FIXST PART: OCEANSHORES DEVELOPMENTS LTD. » A Conpany incorporated pursuant to the laws of the Province of British Columbia, and having its registered office at 1313 West Pender Street, Vancouver, Province of British Columbia (hereinafter called the “Developer") OF THE SECOND PART: WHEREAS the Municipality, pursuant to Section 7024 of the "Municipal Act", my, 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 such by By-law of the Municipality, onter into a Lard Use Contract containing such terns and conditions for the use and developrent of the land as tay be cutually agreed upon and thereafter the use and developzent of that land shall te in accordance with such Land Use Contract; AND WHEREAS the "Municipal Act” requires that the Municipal Council, in exercising the powers given by Section 702A, shall have due regard to the considerations set out in Section 702(2) and Section 7O2A(1) arriving at the use and developmant permitted by any land seveloprent contract and the terms, conditions and considerations thereof; AND WHEREAS the Developer has presented to the Municipality a scheme of use and development of the within described lands and prenises and has made application to the Municipality to enter into this Land Use Centract under the teras, conditions and for the consideration hereinafter set forth; AND WHEREAS the Council of the Municipality, having given due regard to the considerations set forch in Seetions 702(2) and 702A(1) of the "Municipal Ace", and the Porr Coquitlam Officis! Community Plans, has agreed co the terms, conditions and consideration herein contained;