(a)
THIS AGREEMEIT made the day of tion,

in the year of our Lord one thousand nine hundred and seventy-three, hereto,

In the year 1974 any expensea for maintenafice,

adainistra-

and operation shall be specifically approved by the parties

and the Board shall pay fifty percentun (502) of the coses

thereof as they occur,

BETWEEN (b)
THE CORPORATION OF THE CITY OF PORT COQUITLAM,
a municipal corporation incorporated under the
“Municipal Act", R.S.B.C » 1957, and amendments
thereto,

(hereinafter called the City).

OF THE FIRST PART (c)

In each and every year the City shall cause to be prepared

a budget for operation,

sukmitted to the Patties on or before the ISth day of Octeber,

If the “budget”

maintenance and administration which shall be

which

on approval shall be the budget for the ensuing year.

1s not approved by the 15th day of Novenber

in any year for the ensuing year, the “budget" shall be referred to

BOARD OF SCHOOL TRUSTEES,
School District No. 43 (Coquitlam),

Chapter 14,

(hereinafter called the Board).

OF THE SECOND PART hereto,

WHEREAS the City ie the Ovner in fee simple of land situate, lying

and being in the City of Port Coquitlam, Province of British Columbia, and

Sore particularly known and described asi

of the arbitration, which

That Part of Lot C, NWk Section 6, Township 40,
Plan 5098, lying South and East of Parcel 23, Plan 19248

of December,

aforesaid,

arbitration pursuant to the “Arbitration Act",

after the acceptance of the approved

of the actual cost of maiatenance,

and such decision shall be binding upon both

R.S.E.C., 1900,

which shall render its decision on or before the 15th day

Parties

(d) The goard shall pay to the City a share of the costs, as

‘budget’ or the repore
shall be computed to be Fifty percentun (552)

adninistration and Operation for

the year as follows:

AND WHEREAS the

City has agreed ta construct upon the said lands a
Recreation Complex consisting of a covered swimming pool, gymasium, activity

room and related facilities as a community recreation facility;
AND WHEREAS the Board has agreed to pay one half of the construction coat °

of that portion of the aforementioned Recyeation Complex which houses the swimming
pool building and fixtures and equipment therein contained; hereinafter referred

fo as the facility;

AND WHEREAS the Board hae agreed with the City to pay to the City a

portion ef the costs for the maintenance, administration and operation of the
ssid swimming pool building and fixtures and equipment therein contained;

report of

AND WHEREAS the City may, pursuant to Section 624 of the Municipal Act;

costs and

and the Board may pursuant to Section 171 of the Public Schools Act, enter into
an agreement for the purpose of contributing to the cost of construction,

maintenance and operation of facilities for commmity use;

NOW THIS AGREEMENT WITNESSETH ‘HAT in consideration of the mutual covenants

and agreements herein contained and subject tu the terms and conditicas hereinafter

set out, the parties agree as follows:
1, The Board shall pay to the City a share of the costs of maintenance,

adoinistration and operation of the aaid facility in the following manner:

i.

The City shall pay in accordance with
the Arbitrator, ail operating,

Capital expenditure of the facility,

i

helf of the amount so determined on the first day of
Hay in the year to which the budpes applies,

the remaining half of the amount so determined on the
lst day of November in the year to which the budger
epplies,

an adjustment shall cake place on or before May Ist

of the year next so as to reflect the board's share

of actual expenditure Incurred for the pase year,

the approved budget or

administrative and nalatenance

and of cesta of:

wages of pool staff;

wages of maintenance staff applicable to pool
malotenance,

costes of fringe benefits of above;

supplies,

electricity, telephone and fuel;

insurance;

water and saver utility charges,