Security

Appendix
Part of
Agreerent

(a) Water connection $3,168.00
(b) Catch basin construction

on Oxford Street 600.00
(c) Fifteen foot sidewalk crossing 200.00

Total $3,968.00

10. As security for the due and proper perfermance of all the covenants
and agreements in this contract contained, the Developers covenant and agree to
deposit with the City by letter of credit the sum of Twelve thousand ($12,000.00)
Dollars drawn on the Bank of
as @ guarantee that it will supply, install and construct the following works jn
accordance with the specifications set out in the "City of Port Coquitlam Sub-
division of Land By-law, 1970, No. 992" and in accordance with Engineering
Drawings approved by the City Engineer and, also, to guarantee the completion
of various miscellaneous matters referred to or required by this Land Use Contract,
City By-laws, and Statute:

(a) Storm sewer construction $ 4,020.00

(b) Underground electrical construction 2,683.00

{c) Sidewalk construction 3,045.00

(d) Miscellaneous matters 2,252.00

$12,000.00
ll. The Developers agree that if the works specified or paymenta called for
Lcrein are not completed or made in accordance with the requirements of this Land
Use Contract, City By-laws, or Statute, the City may complete the works or make
Paywents at the cost of the Developersand deduct from the deposit held by the
municipality the cost of such completion or paymect and the balance cf the deposit
shall be returned to the Developers less any administration fees required. If there
is insufficient money on deposit with the City, then the Developers will pay such
deficiency to the City immediately upon receipt of the City's bill for completion.
It is understood that the City may do such vork as required to complete either by
itself or by Contractors employed by the City. If all the Developers’ covenants
are carried out as herein provided, then the deposit, less administration fees,
shall be returned to the Developers,
12. The Appendix hereinbefore referred to is hereby incorporated into and
made part of this Agreement.

13. The Developers covenant and agree not to deposit any material or debris

upon any roads during the construction of the said work and to continuously carry

on the construction of the said vork in a good and preper workmanlike manner causing

as little disturbance to neighbouring properties as is reasonable under the circun-

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stances. In the event that any material or debris should be deposited upon any
road during the construction of the work or should the construction by the Developers
constitute a nuisance to neighbouring properties of the work the Develcpers
covenant and agree that the City may forthwith remove such material or debris cr
put right euch nuisance at the expense of the Developer, the cost theresf to be
determined by the Engineer. In the event that construction of the wore ceases for
any period of time in excess of thirty days the Developers covenant and agree that
the City may forthwith enter upon the property and construct thereen a solid beard
fence not greater than eight feet in height nor less than six feet in height
surrounding the entize perimeter of the project in such a manner that the public
is protected from all hazards associated with an unfinishes or incomplete build!
In the event that any invoice of the City for the removal of such material cr
debris or construction of the fence shall remain unpaid after thirty days of
receipt of the same by the Developers the City is authorized to deduct the ancunt
of such tnvoice from the deposit referred to in paragraph 10 heresf.

M4. Subject to this Land Use Contract, the within works and the developnent
heretn shall comply with all City By-laws and with the provisions cf

Statutes,

15. Notwithstanding any of the provisions of this Land Use Contract and
notwithstanding the provisions of any City By-law or Statute applicable therets,
the Developerscovenant and agree that the City may withhold the granting cf en
occupancy permit for the occupancy and/or use of any building or part thereof,
constructed upon the said lands untit all of the works herein have been conpleted
to the satisfaction of the City Engineer,

16. (a) The Developers agree to pay all arrears of taxes outstanding against
the property herein described.

(>) The Developers further undertake to pay aJl current taxes levied or to
be levied on the said lands on the basis and in accordance with the assessnent
and collector's roll entries.

17. The Developers covenant to save harmless and effectually indemnify
the City against:

(a) All actions and proceedings, costs, damages, expenses, claims and

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ver and by wh ver brought by reason of the construction of

the said works.

(b) All expenses and coste which may be incurred by reason of the execution

of the said works resulting in damage to any property cwned in whole or in part