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12. The Developer covenante 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 pay the requisite building
permit and plumbing permit fees prescribed therein plus the sum of ,
$300.00 for each self-contained housing unit which said sum the City
shall credit. to the Waterworks Utility Capital Replacement Fund.
13. The Developer further covenants and agrees to pay to the Municipality
the entire 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 this Agreement (the receipt of which is hereby acknowledged)

the sum of

being the estimated cost to the Municipality of connecting such services
to the said. building and constructing such works as are detailed in.

Schedule hereof.
**NOTE: 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 hecessary or
: Fequired to service the development in order that all costs
thereof are borne by the developer. ; :
14. As 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 Credit 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 nade in accordance with the items of
this agreement, the Municipality may complete the works or make the
payments at the cost cf the Developer and deduct from the deposit held
by the Municipality the cost of such completion or payment, and the
balance of the deposit shall be returned to the Neveloper, less any
administration fees required. If there is insufficient money on deposit
with the Municipality, then the Developer will pay such deficiency to
the Municipality immediately upon receipt of the Municipality's bill for

completion. It 4s understood that the Municipality may do such work as