AND WHEREAS the Owner desires to provide the required

off-street parking for the said lands within the Parking Facility

in substitution for the off-street parking upon the said lands, and
has made application to the City for permission to use such Parking
Facilities and the City has agreed to grant such use in the form

and to the extent hereinafter provided;

NOW THEREFORE THIS AGREEMENT WITNESSETH that in
consideration of the payment of the sum of $2,100 by the Owner to
the City, and other good and valuable consideration, the parties

hereto covenant and agree each with the other as follows:

1. (a) The City agrees, subject to payment of the fees set
out in Section 3 hereof, to grant and does hereby grant to the
Owner the use of 6 parking spaces within the aforesaid Parking
Facility, in substitution for the same number of off-street
parking spaces which the said Owner is required to provide by the
"City of Port Coquitlam Development Management Bylaw 1987, No.
2242" for the building or structure situate on the said lands of
the Owner and hereinbefore defined, and such parking spaces shali
be for the free use by the public.

(6b) This right to vark shall be valid notwithstanding
any change in the ownership of the said lands, and shall remain
attached to the said lands and provide substantial compliance with
the requirements of the "City of Port Coquitlam Development
Management Bylaw 1987, No. 2242" for the building or structure
thereon, to the same extent and subject to the same limitations as
though the said off-street parking facilities had been provided on
the said lands; and shall be subject to the provisions of clauses

(a) and (c) of this section, provided that the said fees are paid.

(c) The permission to park hereby granted shall be
subject to automatic cancellation without refund by the City, if at

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