THE CORPORATION OF THE CITY OF PORT COQUITLAM + ¢ 1 N C NOV 10 1975 Mayor and Aldermen . DATE: 10 November, 1975 R.A. Freeman, City Clerk Re: Re~Zoning Application R#15-74 - Land Use Contract #13 - Westgate Enterprises Ltd. In order to implement the recommendations of the City Engineer's memorandum of November 7th, 1975, respecting the above-noted matter it will be necessary for the following resolutions to be passed: 1. -"That the third reading of By-law 1388 as given on the eighth day of September, 1975 be rescinded". ‘2. "That Land Use Contract No. 12, being the schedule next to the "Land Use Contract No. 13 Authorization By~law, 1975, No. 1388", be amended in the following manner: A. That Clause (b) of Section 13 be struck out and the following substituted: "(b) As security for the due and proper performance of all the covenants and agreements in this contract contained, the developer covenants and agrees to deposit with the Municipality by Letter of Credit the suni of $19,000.00 drawn on the Bank of British Columbia". Section 14 be struck out and the following be substituted therefore: The developer further covenants and agrees te contribute forthwith to the Municipality the sum of $36,960.00 being the net total of these amounts set out in Section "B" of Appendix II hereto, required to defray the excessive cost incurred by the Municipality for the purposes set out herein and which the Municipality covenants and agrees to apply to the cost of those works and services. set out in the said Section "B" of Appendix II hereto”, That Appendix II be struck out and the following substituted therefore: " APPENDIX II Section A —- Works to be constructed by Westgate Enterprises Ltd. as provided in Section 11 of Land Use Contract No. 13: Type , Cost Storm Sewer Mains $10,000.00 Landscaping of Road 6,000.00 Lane gravel 1,000.00 Underground Hydro Connection 2,000.00 $19,000.00