~ 10-

Provide, construct and install all of the following works and

services within the boundaries of the land and the Highways

abutting thereon:

Water Mains

Sanitary Sewer Mains

Storm Sewer Mains

Culverts - Cedar Ditch Crossings

Driveways ~ Curbs and Boulevards

Sidewalks

Walkway

Road Construction

Underground Electrical and
Telecommunications Wiring

Street Lighting

Sewage Pumping Station

Park Development

CURRENT
ESTIMATED
costs

227,635.00
331,750.00
326,600.00
40,000.00
126,800.00
41,600.00
1,050.00
252,750.00

121,450.00
63,900.00
30,000.00

100,000.00

$1,663,535.00

And it is understood and agreed that the said works and services

shall he provided, constructed and installed progressively with

each phase of the subdivision and development of the land, as set

out in Section 2 hereof and as follows:

PHASE I - Development Agreement No.
Park Development
Sewage Pumping Station
Proportion of all other works and
services hereinbefore set forth:
PHASE II - Development Agreement No.

Proportion of all other works and
services hereinbefore set forth:

PHASE ITI ~ Development Agreement No.

Proportion of all other works and
services hereinbefore set forth:

PHASE iv - Development Agreement No.

Proportion of all other works and
services hereinbefore set forth:

CURRENT
ESTIMATED
costs
L

$100,000.00
30,000.06

$303,980.00
2

$431,980.00
3

$309,585.00

$287,990.00

$ 633,980.00

431,980.00

309,585.00

287,990.60

$1,663,535.00

—

All of the aforesaid works shall be carried out in
conformity with the design and construction standards of the
Municipality and shall be completed as herein provided to the
Satisfaction of the Municipal Engineer on or before the 31st

day of December, A.D. 1983, in accordance with Plans and speci~

fications as approved by the said Municipal Engineer.

The Dollar amounts hereinbefore set out are based
upon the Municipality's Preliminary Engineering Desien and
Preliminary Cost Estimates. As a result of Final Engineering
Design to be carried out by the Developer, quantities, loca-
tions, sizes, etc. might vary from that determined from the
preliminary work and the Municivality does not in any way
ensure that actual increased costs resulting from
Engineering Design and Tender Call will not occur. Any in-
creased costs over and above the stated bonding amounts shall

be the responsibility of the Developer.

Security:

13. As security for the due and prover performance of all
of the covenants and agreements in this Contract contained, in
relation to those works and services required for -Phase I hareof,
and es set out in Development Agreement No. 1, the Developer
covenants and agrees to deposit with the Municipality, by Le

of Credit the sum of Six Hundred Thirty-Three Thousand Nine

dred and Eighty Dollars ($633,980.00) prior to registration

this Land Use Contract in the Land Registry Office.

As security for the due and proper verformance of all
of the covenants and agreements in this Contract contained, in
relation to those works and services required for each of Pheses
II, III and IV hereof, and as set out in Develooment Agreements
Numbered 2, 3 and 4 respectively, the Developer covenants ané
agrees to deposit with the Municipality, by Letters of Credit

as required by the Municipality, those sume set out in varaqras