-3-

Lot 4, Block 32, District Lot 464, Group 1, Plan 7080, New Westminster
District,

(hereinafter called "the iand"),
2. The Developers have obtained the consent of all persons holding any
registered interest in the land as set out in the Consents to the use and
development set forth herein, which Consents are attached -hereto,
3. The land, including the surfaces of water, and any and all buildings,
structures and inprovenents erected thereon, thereover or therein shall be used
only for those uses permitted in RM-1 (Low Density Apartment Residential) Zones
in the City and for no other purposes whatsoever,
4. The most easterly fourteen feet of the Property shall be dedicated as
road allowance by a plan of subdivision to be Prepared at the expense of tha
Developers,
5. No butlding, etructure or improverent shall be sited upon the land
except in compliance with the site Plans and particulara set out on a drawing
prepared by Poul E. Hansen and entitled "Proposed sixteen unit townhouse project"
which said drawing ig attached hereto and marked Appendix I,
8. Off-street parking and loading spaces upon the said lands shall be
provided, located and constructed in accordance with the Appendix hereto,

7. “Except where otherwise provided herein or in Appendix I hereof ali -

Construction

butldings and structures shall be constructed strictly in compliance with all
by~lavs, statutes, and rules and regulations perteining to building conatruction,
zoning, cr other relevant matters.

3. All landscaping, surface treatments, fencee and screens shall be

Landscaping,

etc.

constructed, located, provided and maintained in compliance with and according to
the plans set out on Appendix I hereof,

3. The Developers covenant and agree to pay to, the City the entire cost of
connecting all required water and sanitary sewer services to the said building
and w.thout in any way limiting the generality of the foregoing to pay to the

City upon the don of this A;

the sum of Three thousand Nine hundred
Sixty-eight ($3,968.00) Dollars (the receipt of which ia hereby acknowledged}

being the estimated cost and chargee for tha following matters:

Security

Appendix
Part of
Agreement

(a) Water connection
(b) Catch basin construction
on Oxford Street
(c) Fifteen foot sidewalk crossing

$3,168.00

600.00
200.00

Total $3,968.00

10. 4s security for the due and proper performance of all the covenants
and agreements in this contract contained, the Developers covenant end agree to

ceposit with the City by letter of credit the aun of Twelve thousand ($12,000.00)

Dollars drawn on the Bank of

ne a guarantes that it will supply, install and construct the folloving works in
sccordance with the specifications set out in the "City of Port Coquitlan Sub-
division of Land By-law, 1970, No. 992" and in accordance with Engineering
Drawinge appzoved by the City Engineer snd, also, to guarantee the completion
of various miscellaneous mattera referred to or required by this Land Use Contract,
City By-laws, and Statute:
Storm sewer construction
Underground electrical constructioa

Sidewalk ‘construction
Miscellaneous matters

$ 4,020.00
2,683.00
3,045.00

2,252.00
. $12,000.00

li. The Developers agree that if the works specified or payzents celled for
herein are not completed or made in accordance with the requirements of thie Lend
Use Contract, City By-laws, or Statute, the City may complete the works or make
Payments at the cost of the Developemand deduct from the deposit held by the
municipality the cost of such conupletion or payment end the balance of the deporit
shall be returned to the Developera leos any adnuinistration fees required. If there
ie insufficient money on deposit with the City, then the Developers wili pay such
deficiency to the City immediately upon raceipt of the City's bill for coupletica.

It is understood that the City may do such work as required to complete either by

itself or by Contractors employed by the City. If all the Developers’ covenants

are carried out aa herein provided, then tha deposit, lesa adainistration fees,
shall be returned to the Developers.

2. The Appendix hereinbefore referred to ie hereby incorporated into and
made part of this Agreement.

13. The Developers covenant and agree not to deposit eny waterial or debris

Upon any roads during the construction of the sald work and to continuously carry

on the construction of the said vork in a good and prop knan like x

2s little disturbance to asighbouring properties ag ie reasonable under the circa