THE CORPORATION OF THE
CITY OF PORT COQUITLAM

Igor Zahynacz, P. Eng., DATE: November 8, 1991
City Engineer

FROM: C.F. (Kip) Gaudry, P. Eng.
Deputy City Engineer

SUBJECT: DCC AGREEMENT - SUBDIVISION OF 3610 WESTWOOD STREET

RECOMMENDATION:

That Council authorize his Worship the Mayor and the City Clerk to authorize the attached
agreement made with the developers of the proposed subdivision of 35 10 Westwood Street.

BACKGROUND & COMMENTS:

The lands at 3610 Westwood Street are owned by CP Rail and they are proposing to subdivide
the land and sell a portion of it to Millbrook Investments Ltd. Currently, only Roads DCC
would be applicable to the proposed subdivision however, we are finalizing a proposed Drainage
DCC for the area. We do not anticipate approaching Council with a recommended DCC until
sometime in January 1992 and in order for this subdivision to proceed now the developer has
agreed to secure a $25,000 Letter of Credit and an agreement with the City which would obligate
them to conform to the new DCC Bylaw after its implementation. The agreement was drafted
by the City Solicitor Mr. Grant Anderson and while it is a relatively new concept we feel it does
protect the City. Of special note is clause No. 8 which indicates that the developer, Millbrook
Investments Ltd., will remain liable for the future Drainage DCC’s even if the land title is
transferred to others.

It may also be interesting to note that we have entered discussions with some potential
developers of the Riverwood lands using the same concept as this whereby they would secure
Letters of Credit against future DCC Bylaws and sign agreements binding them to the future

bylaw.

SS},

C.F. (Kip) Gaudry, P. Eng. -_
Deputy City Engineer