THE CORPORATION OF THE Cray oF PORT COQUITLAM LAND USE CONTRAC?Y NO. 8 THIS AGREEMENT made the day of - A.D. 1974. BETWEEN : THE CORPORATION OF THE CITY OF PORT COQUITLAM (hereinafter called the “Municipality") OF THE FIRST PART: ELLWOOD PROPERTIES LTD., a limited company duly incorporated under the laws of the Province of British Columbia and having offices at 92 West Second Avenue, City of Vancouver, Province of British Columbia (hereinafter called the "“Developer") OF THE SECOND PAR: WHEREAS tha Municipality, pursuant to Section 702A of the "Municipal Act", may, notwithstanding any By-law of the Municipality, or Section 712 or 713 of the "Municipal Act" upon the application of an owner of land within a development area designated as such by By-law of tha Municipality, entar into a Land Use Contract containing such terms and conditions for the use and development of the land ag may be mutually agreed upon and thoreafter the use and development of that land shall ba ain accordance with such Land use Contract;