Novemder 3, 1989

LOBB AVENUE TOWNHOUSE PROJECT-SCHEDULE A TO REPORT FOR COUNCIL IN-COMMITTEE

MEETiAG (Nov 6, 1999)

Prooosed contents of Cost-Sharing Agreement:

l.

City will pay for one-half the cost of Lobb Avenue Construction. Such cost
to be limited to curbs, boulevard and pavement construction only. Previous
Consultant estimate was $142,000. Current estimate is $232,000 due to poor
soil conditions. This cost shall be funded from the Land Sale Reserve.

City to re-imburse developer (upon satisfactory comoletion of watermain
construction) the cost of a section of watermain on Pitt River Road which
is a DCC item. This section is from the Rowland road allowance to
approximately 100 meters east. Estimated cost is $10,000 for this section.

Security deposits will pe required of the developer to cover the amount
which he will have to front-end.

Develover will be required to complete all the works within 6 months of
Signing of the agreement.

Developer will be oroviding a temporary access road from Pitt River Road to
the site and not use Lobb Avenue until all off-site works and all major
on-site construction nave been completed.

Payment to the develooer for the City's portion of the works shall be based
on the lowest tender acceptable to both the City and Developer. Also, the
ceveloper will be re-imoursed for the City's portion of Consulting Fees

for the detailed design and adminstration of the tender contract. Such
Consultants fees shall not exceed the recommended scale of fees set by the
Association of Professioral Engineers of BC .

The financing formulae for the sanitary pump station and associated works
shall be as follows:

Sewer Capital Reserve.......$22,097
Sewer DCC Area 3 Reserve..... 1,561
Developer's Share of DCC.....12,488 (based on 56 units)
Provincial Sewer Grant.......37,500
Sub-total: 73,646
Developer to front-end*......(£ minus at+b+c+d)
Total cost of works..........(dependent on option selected)

*This amount to be reimbursed to developer over 5 years after
completion of works WITHOUT interest. On each anniversary of
completion of works developer will receive the amount collected
by the City from developments in DCC Sewer Area 3.

Developer will be rewired to construct a drainage swale along the north
property line of the develooment to effectively remove surface runoff
which may accumulate Gue to the filling_of the property. A R/W will be
preserved until this swale is no longeffEMedeRABE bhich time the City will

consent to the discharge of this R/WI

AS