AND WHIZREAS tha “Municipal Act" requires that the

Municipal Council, in exercising the powers given by Section

702A, shall have due regard to the considerations set out in
Section 702(2) and Section 702A(1) in arriving at the use and
development permitted hy any land development contract and the

terms, conditions and considerations there 5

AND WHEREAS the Developer hes 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
te enter into this Land Use Contract under the terms, conditions

and for the consideration hereinafter set: forth;

AND WHEREAS the Council of the Municipality, having
given due ragard to the coneiderations 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,

conditiong 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 if the land is so situated that it is
subject to such "Act", the epproval of the Minister of Highways
to the use set forth in this contract must firat be obtained
before the Municipality can enter into Bame;

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
‘Monicipal Affairs;

AND WHEREAS the Developer acknowledges that he ia
fully aware of the provisions and limitations of Sections 702A
of the "Municipal Act" and tha Municipality and the Developer
mutually acknowledge and agree that the Council of the Munici-
pality cannot enter inte this contract until the Council has
held a public hearing thereon, in the manner prescribed by