The said Irrevocable Letter of Credit, plus any interest

thereon earned by the City, shall be released by the City in

favour of the Permittee, in its entirety, less any amount of

these funds expended by the City to maintain the services,
after a period of one year has expired from the date of acceptance;
“As constructed” drawings prepared by the Permittee's Engineer to
the City's standards;
Certification by the Permittee's Engineer that the completed services
are in accordance with the "as contracted" drawings mentioned in
(2) above.
In the event that the Permittee has not commenced the development authorized

by this Permit by 19__, the Permittee may request

refund of the securities described in paragraphs D and F, and the City
shall make such refund provided that Council approves such refund by
resolution.

All plans and specifications referred to above are subject to any changes
required by the Building Inspector or'other officials of the City where
such plans and specifications do not comply with any duly enacted law or
bylaw, and such non-compliance is not specifically permitted by this
Development Permit; minor variations which do not substantially alter the
work referred to in Schedule "A" may be permitted if approved in writing

by the Director of Community Planning.