BSR res tena TEN RPP Pa SHIN

MAIN AGREEMENT
Page 10 September 26, 1988

ARTICLE 3 - PARKS

3.1 The Developer covenants and agrees to sell to the
City and the City covenants and agrees to purchase
from the Developer the two park areas shown in
SCHEDULES MA-LL and MA-L2, for convenience only
referred to as Skyline Park and Future Park
respectively, and shown as Lots 1 and 113
respectively on Schedule MA~-C on the following texms
and conditions.

The Developer agrees to construct and pay for the
improvements ag shown on Schedule MA-LIA Schedule A
and Schedule MA~L2A Schedule A ard shown on
Schedules MA~L1 and MA-L2 to the reasonable
satisfaction of the City and to provide and pay for
inspection services during the construction and
maintenance of the improvements up to the transfer
of the Parks to the City, by the Landscape
Architects responsible for the design.

The City agrees upon substantial completion of the
work for each park as certified by the Landscape
Architect and the City, to review the improvements
for that Park or Parks for conformity to the
requirements outlined in the relevant SCHEDULES MA-~
Ll and MA-L2 and provide a final deficiency list to
the Developer. .

The City agrees that one year after the substantial
completion, as certified by the respective Landscape
Architects and the City, during which year the
Developer shall at its cost maintain the Parks, to
the City's satisfaction the Developer may then
submit a demand to the City in accordance with the
terms of the Option to purchase and this agreement
that the City within 30 days pay to the Developer
the sums outlined below and do all these things
necessary to transfer the title for the Park to the
City.

The Park works outlined in SCHEDULE MA-L1 are to be
completed in conjunction with Phase 1 as shown on

SCHEDULE MA-D and SCHEDULE MA-LI1A to SCHEDULE MA~L1
and the Park works outlined in SCHEDULE MA-L2 are to
be completed in conjunction with Phase 2 as shown on
SCHEDULE MA-D and SCHEDULE MA~L2A to SCHEDULE MA-L2.

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