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The Developer is the owner of and proposes to develop certain lands and premises
located with the City of Port Coquitlam, in the Province of British Columbia, and
more particularly known and described as:

Lot A, DL288, GROUP 1, NWD, PLAN 21652

(hereinafter called the "said lands")

for M-3 - Clean Industrial Use;

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Such development is in accordance with the future plans of the City but is presently

premature as a portion of the municipal works and services required to be installed by

the Developer to serve the proposed development may provide access to or serve land

other than the said lands and thus may be eligible for a contribution towards the cost |

of such works and services from the City or from the owners of other lands who may
connect to or use the said works and services, however, the City does not have

sufficient funds, either on hand or anticipated from development cost charges, ta

make a contribution towards the cost of the said works and services, nor does the City _
at this time have a system in place to levy latecomer charges against the owners of |

other lands who may connect or use the said works and services; and