-3-

Lot 4, Block 32, District Lor 464, Group 1, Plan 7080, New Weatuinster
District.

(hereinafter called “the lend"),

2. The Developers heve odtained the consent of all persons holding any
Consents

registered interest in the land as set out in the Consenta to the use and

development set forth herein, which Consenta are attached hereto,

3. The land, including the surfaces of water, and any and all buildings, Security

Stvuctures and improvements erected thereon, thereover or therein shall be used

only for these uses Permitted in kM-1 (Low Denaity Apartment Residential) Zonea

in the City and ‘or no other purposes whatsoever,

4, The mozt easterly fourteen feat of the Proparty shall be dedicated aa

road allowance by a Plan of subdivision to be prepared at the expenve of the

Developera,

5. No building, structure or improvement shall be sited upon the land

except in compliance with the alte plens and Particulars set out on ¢ draving

Prepared by Poul E. Hansen and entitled "Proposed sixteen unit townhouse project"

which said drawing is attached hereto and marked Appendix {.

6. Off-street parking and loading spacea upon the said lands shall ba

Provided, located and constructed in accordance with the Appendix hereto,

7. Except whers otherwise provided herein or in Appendix I hereof all
Construction

butldings and structures shall de conutructed strictly in compliance with all

by-laws, statutes, aud rules and regillations pertaining to building construction,

soning, or other relevant matters, -

8

Landscaping,
ete. constructed, located » Provided and mainteined in compliance vith and according to

All landscaping, surface treatments, fences end screena shall be

tha plans set out on Appendix I hereof.
9.

of which is hereby acknowledged)

being the estimated cost and charges for the following matters:
Appendix
Part of
Agreement

Water connection ~ $3,168.00
Catch basin construction

on Oxford Street - 600.00
Fifteen foot sidewaik crossing - 200,00

Total $3,968.00
10, As security for the due aad proper performance of all the covenants

and agreements in thio contract contained, the Developers covenant and agree to
deposit with the City by letter of credit the sum of Twelve thousand ($12,000.00)
Dollars drawn on the Bank of
98 @ guarantee that it will supply, install and construct the following works in
accordance with the specifications set out in the "City of Port Coquitlem sub-
division of Lend By-law, 1970, No, 992" and in accordance vith Engineering
Drawings approved by the City Engineer and, also, to Suarantee the completion
of varioua miscellaneous matters referred to or required by this Land Use Contract,
City By-laws, and Statute;

Storm sewer construction $ 4,020.00

Underground electrical construction 2,683.00

Sidewalk conatruction 3,045.09

Miscellaneous matters 2,252.00

$12,000.00
1. The Developers agree that if the worke specified or payments called for
herein are not -. mpleted or nade in -1ccordance with the requirenents of this Land
Use Contract, City By-lews, or Statute, tho City may complete the vorks or make
Payments at the cost of the Developersand deduct from the deposit hele by the
municipality tha cost of such completion or Payment and the hstance of the deposit
shall be returned to the Developers leas any administration feea required, Tf there

is insufficient money on deposit with the City,

If all the Developers’ covenants
are carried out as herein provided, thes the deposit, less aduinistration fees,
shall be returned to the Developers,

12. The Appendix hereinbefore teferred to ia hereby incorporated into and

made part of this Agreement,

13, The Developers covenant and agree not to deposit eny material or debris
upon any roads during the Construction of the said work and to continuously carry
on the construction of the said work in a good and Proper workmanlike manner causing

aa little disturbaice to neighbouring Properties as ia reasonable under the cireun

TI ON Rey Bo ctetcaey