AND WHEREAS the “Municipal Act" requires that the
Municipal Council, in axercising the powers given by Section
702A, shall have due regard to the considerations set out in
Section 702(2) ana Section 702A(1) in arriving at the use and
development permitted by any land development contract and the

terms, conditions and considerations thereof;

AND WHEREAS the Developer has presented to the Munici-
pality a scheme of use and development of the within described
lands and premises and has made application to the Municipality
to enter into this Land use Contract under the terms, conditions

and for the consideration hereinafter set forth;

AND WHEREAS the Council cf the Municipality, having
given due regard to the considerations set forth in Section
702(2) and 702A(1) of the "Municipal Act", and the Official
Community Plans of the Municipality, has agreed to the terms,

conditions and consideration herein contained;

AND WHEREAS a Land Use Contract is deemed to be a
Zoning By-law for the purposes of the “Controlled Access
Highways Act" and it the land is so situated that it is
subject to such "Act", the approval of the Minister of Highways
to the use set forth in this contract must first be obtained

before the Municipality can enter into same;

AND WHEREAS a Land Use Contract may not deal with
any lands designated flood plain on the Official Regional
Plan, until the said contract is approved by the Minister of

Municipal Affairs;

AND WHEREAS the Developer acknowledges that he is

fully aware of the provisions and limitations of Sections 702A

of the "Municipal Act" and the Municipality and the Developer
mutually acknowledge and agree that the Council of tha Munici-
pality cannot enter into this contract until the Council has

held a public hearing thereon, in tha manner prescribed by