November 26th, 1979. Moved by Alderman Mabbett: Seconded by Alderman Keryluk: That as recommended by the Leisure Activities Committee, November 26th, 1979 the City accept Evergreen Park on December Ist, 1979 as it now exists; _ That the City accept a payment of $7,500.00 from Nu-West Developments Ltd. for the installation of an underground drainage system in the soccer field as per the proposal from Valley Farm Drainage Ltd., Scheie, AND THAT the City release Nu-West Development Ltd.'s Letter of Credit in the amount of $60,000.00. Defeated. Prior to the question being called on the foregoing resolutizn discussion ensued and Alderman Mabbett spoke in favour of approving the recemmendation in the report. Alderman Keryluk asked 1f there would be a tot playground and Alderman Mabbett advised there is space available and money could be budgetted for creating a tot playground in the future. Alderman Traboulay asked if the field will be ready for use in 1980 and Alderman Mabbett and the Assistant City Engineer advised the park would be ready for use in 1980. Alderman Traboulay expressed concern regarding | the drainage problem in the park and stated in his opinion the park is inadequate and Nu-West Developments Ltd. should arrange a contrect with ° Valley Farms Drainage Ltd. to correct the drainage problem, prior to takeover by the City. | Moved by Alderman Traboulay: Seconded by Alderman Lakine: That with reference to the arrangements existing between the City and Nu-West Developments Ltd. relating to Evergreen Park: 1. A reduction in the existing $60,000.00 letter of credit held by the City to $10,000.00 be permitted; 2. Nu-West Developments Ltd. be expected to arrange with Valley Farm Drainage Ltd. to install underground drainage within three months (at an estimated cost of $3,050.16) and pay the costs te teo€ 5 Ao an mene anata na nent Mn ere Sie teers wel, 3. That the difference in the amount offered to the City by Nu-West Developments Ltd. ($7,500.00) and the estimated cost of underground drainage ($3,050.16), being $4,449.84, be paid to the City forthwith;