-5e

12. The Developer covenanta and agrees to apply for a building permit

under the provisions of the “City of Port Coquitlam Building and Plumbing

Code Administration Bylaw, 1974, No. 1298" and a the requisite building
permit and plumbing permit fees prescribed therein plus the eum of
$300.00 for each self-contained housing undt which said sum che City
Shall credit to the Waterworks Utility Capital Replacement Fund.
13. The Developer further covenants and agrees to pay to the Municipality
the entize cost of connecting all required water, storm and sanitary
sewer services to the said building and to construct such roadwork,
curbing, and paving as is required and to pay to the Municipality upon
the execution of thin Agreement (the receipt of which ig hereby acknowledged)
the oun of
being the estimated cost to the Municipality of connecting such services
to the said building and constructing such works ae are detailed in

Schedule hereof.
“WANOTE: The final Land Use Contract document will contain a Schedule
detailing the works proposed and the costs thereof, This
Schedule will include all services and works necessary or
required to service the development in order that ali costs
thereof are borne by the developer.
14. Aa security for the due and proper performance of all the covenants

and agreements in this contract contained, the Developer conenants and

agrees to deposit with the Municipality by Letter of Credie the sum of

Dollars, drawn on the Bank of .

The Developer agrees that if the works specified on payments called

for herein are not completed or made in accordance with the items of

this agreement, the Municipality may complete the works or make the
payments at the cost of the Developer and deduct from the deposit held
hy the Municipality the cost of auch completion or payment, and tho

balance of the deposit shall be returned to the Developer, less any

Sdministration feea required. If there is insufficiene money on deposit

with the Municipality, then the Developer will pay such deficiency to

the Municipality dumediately upon receipe of the Municipality's b£11 for

completion. It is understood that the Municipality may do such work as

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