dD. Section 539 of the Municipal Act, R.S.B.C. 1979, 2906

empowers the Council of the City to grant the easement set out in

this Agreement;

NOW THEREFORE THE CITY AND THE GRANTEE CONVENANT AND

AGREE AS FOLLOWS:

1. In consideration of the sum of $250.00 and other
valuable consideration, the receipt and sufficiency of which is
acknowledged by the City, the City hereby grants unto the Grantee
an easement over the Easement Area defined in Section 2 for a
period of 25 years from the date of this Agreement, subject to

the terms and conditions of this Agreement.

2. The Easement Area is that portion of the Servient
Tenement shown outlined heavily in black on the explanatory plan
prepared by D. Dyck, B.C.L.S., on the 12th day of November, 1987
and deposited in the New Westminster Land Title Office under No.

, annexed to and forming part of this Agreement.

3. The Grantee may use the Easement Area for the sole

purpose of outdoor storage of materials of any kind other than

refuse and scrap metal, and for that purpose may at all times
enter upon, use, maintain, repair, enjoy, occupy, pass and repass

along the easement.