THIS AGREEMENT made the 30th day of March, 1987 BETWEEN: THE CORPORATION OF THE CITY OF PORT COQUITLAM, a body corporate and politic, with offices at 2272 McAllister Avenue, Port Coquitlam, British Columbia. (hereinafter cal! the "Cornoration") OF THE FIRST PART, ELKS CLUB OF PORT COQUITLAM 2552 McAllister Avenue Port Coquitlam, British Columbia. (hereinafter call the "Appiicant') OF THE SECOND PART: WHEREAS the Applicant is the owner in fee simple of that certain parcel or tract of land and premises, situate lying and being in the City of Port Coquititam, Province of British Columbia, and more particularly known and described as: Lots 3 and 4, Block NE, District Lot 379, Group 1, Plan 16910, New Westminster District. (hereinafter referred to as the "said lands"); AND WHEREAS the said lands are not of sufficient area to permit the applicant to provide the off-street parking -|-