12 hereof as the estimated current cost of each such Phase res-

pectively, and each said deposit shall be a condition precedent

to the approval of the subdivision of that portion of the land

included in that particular Phase of the subdivision and develop~

ment thereof,

The Developer agrees that if the works Specified
nerein are not completed pursuant to Section 12 hereof, the
Municipality may complete the works at the cost of the Devel-
oper and deduct from the deposit held by the Municipality the
cost of such completion, and the balance of the deposit shall
te returned to the Developer, less any administration fees
required. If there is insufficient money on deposit with the
Municipality, then the Developer will pay such deficiency to
the Municipality immediately upon receipt of the Municipality's
Bill for completion. Ir is understood that the Municipality
may do such work either by itself or by contractors employed
by the Municipality. If the works are completed as herein
provided, then each said @eposit, less administration fees,

shall be returned to the Developer.

Uporading of Public Works:

14. To facilitace the use and development of the land,
the Deveioper covenants and agrees to contribute to the Munic-
ipality prior to registration of this Land Use Contract in the
Land Registry Office the following sum of money, being the
amount required to defray the excessive costs incurred by the
Municipality for the following purpose:
{a) $50,000.00 for the provision, installation and
construction of storm sewers, curbs, boulevards
and pavement on Pinley Street; and
$100,000.00 for the provision, installation and
construction of a watermain on Prairie Avenue

from Newbury Street to Freemont Street,

all made necessary by the increased population, traffic density
and service reguirements created by subdivision and development
works, and it is understood and agreed that the Municipality
will carry out and complete the said works at such time or tines

as shall be within the sole discretion of the Municipality,

Maintenance of Works by Developer:

15. The Developer covenants and agrees tc:

(a) Maintain all of the said works to be built pursuant
to this Contract in complete repair for a period of one (1)
year from the completion thereof as certified by the Municipal
Engineer.

(b) Remedy any defects appearing within the period of
one (1} year from the date of such completion of the said works
and pay for any damage to other work or Property resulting there-
from save and except for defects caused by reasonable wear and
tear, neglicence of the Municipality, its servants or agents, or
act of God, and

(c} Deposit with the Municipality, prior to the release
of each security pursuant to Section 13 hereof, for a period
of one (1) year from the completion of that portion of the said
works included in that particular Phase and Development Agreement
and as certified by the Municipal Engineer, a sun equal to ten
percent (10%) of the total estimated cost thereof, and should
the Developer fail to maintain the said works, remedy any de-
fect or pay for any damage resulting thereZron, the Municipality
may deduct the cost of completing the said works; remedying the

defect or paying the damage from the said deposit.

Ownership:

16. All works and services (save and except gas, tele-
Phone and electricity), buildings, structures, Pipes, fixtures
and things, and development constructed, placed or carried out

upon property that now is vested in the Municipality or located

upon highways presently dedicated or by this Contract recuired