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HomeMy WebLinkAboutBy-law 4234/93 TI:IE CORPORATION OF THE TOWN OF PICKERING BY-LAW NO. 4234/93 Being a by-law to authorize the execution of a Subdivision Agreement and related documentation respecting the development of Blocks 109 and 110, Plan 40M-1473 and Part Lot 30, Concession I, Pickering (Buendias Land Company Limited; 18T-89029 (revised)). WHEREAS the proposal to subdivide and register a plan of subdivision of Blocks 109 and 110, Plan 40M-1473 and part of Lot 30, Concession 1, Picketing, has been recommended for approval by the Council of The Corporation of the Town of Picketing and approved by the Ontario Municipal Board [S900065] as Draft Plan 18T-89029 (revised), subject to several conditions, one of which requires the entering into of a satisfactory Subdivision Agreement with The Corporation of the Town of Picketing, pursuant to the provisions of the Planning Act, R.S.O. 1990, chapter P. 13, section 51(6); and WHEREAS, pursuant to the provisions of the Municipal Act, R.S.O. 1990, chapter M.45, section 191(1), the Council of The Corporation of the Town of Picketing may pass by-laws for acquiring any land or interest therein for the purposes of the corporation; NOW THEREFORE the Council of The Corporation of the Town of Pickering HEREBY ENACTS AS FOLLOWS: 1. The Mayor and Clerk are hereby authorized to execute a Subdivision Agreement, in the form attached hereto as Schedule A, between Buendias Land Company Limited and The Corporation of the Town of Pickering, respecting the development of Blocks 109 and 110, Plan 40M-1473 and Pan Lot 30, Concession 1, Pickering (Draft Plan 18T-89029 (revised)). 2. The Corporation of the Town of Pickering shall acquire those lands or interests in lands referred to in section 33 and identified in Schedule A of that Subdivision Agreement subject to the terms and conditions and for the purposes set out therein. 3. The Mayor and Clerk are hereby authorized to execute Transfers/Deeds of Easement, in the form attached hereto as Schedule B, effecting the acquisition by The Corporation of the Town of Picketing of any interests in land in the nature of storm drainage works easements. BY-LAW read a f~rst, second and third time and finally passed this 7th day of June, 1993. Wayne Arthur, Mayor race Taylor, Clerk ~--~Ontarlo°fPr°vmce Transfer/Deed of Land A Form 1 -- Land Regtstmtfen Reform Act, 1~4 (1) Registry [] Lmld Tlflee [] T~2) Page 1 of pages (3) property B~oc~ Prope~ Identifier(a) Additional: Schedule (4) Conslde~aticn Dollars $ (5) Description This is e~ Property Property Division [] Consolidation [] New Property tdentitiers Additional: Executions Additional: See (6) Thfe (a) Redseeription (b) Schedule for: (7) laferast/Estata Transferred Document New Easement Additional Fee Simple Contains Plan/Sketch [] Description [] Parties [] Other [] ~c~sEErIP_~3.t (8) Transferor(s) The transferor hereby transfers the land to the transferee and certifies that the transferor is at least eighteen years old and that Oate of Signature Narrow(s) Signature(s) >(g) Spouse(s) of Transferor(s) I hereby consent to this transaction Date of Signature Name(s) Signature(s) Y M D (10) Transfer'or(s) Address for Sem4ce (11) Transferee(s) Date of Birth Y M D ~ OF PICKER_ING ~a .y~.. Arthurs, Ma..y~.~ ..... Tayl , Bruce or, Clerk (12) Tra~aleree(s) Address forSer~ce Picketing Civic Centre, C~O The Esplanade, Picketing, Ontario LiV 6K7 (13) Transferor(a) The transferor verifies that to the best of the transferor's knowledge and belief, this transfer does not contravene section 49 of the I Planning Act, 1983. Date of Signature Date of Signature Signature ....................................... ~ ' , ' S'gnature ......................................... , .,' I Solicitor for Transferor(s) I have explained the effect of section 49 of the Piecning Act, 1983 to the transferor and I have made i nquirise of the transferor ~ ~ to determine that this transfer does not contravene that section and based on the information supplied by the transferor, to the best of my knowledge ZI and belief, this transfer does not contravene that section. I am an Ontario solicitor in good standing. Date of Signature ~OI Name and ' ~ Y , M ; D a. ~ Address of ~, , O ~ Sohcltor ........ ~; I -~ I (14) Solicitor for Tranefere~(s) I have investigated the title to this land and to abutting land where relevant and I am satisfied that the title records '( ~'~;,.~ reveel no contraventioo se set out in subclause 49 (21a) (c (ii of the Planning Act 1983 and that to the best of my knowledge and belief this ~'~ ~1 transfer does not contravene section 49 of the Planning Act 1983. I ~ct independently of the solicitor for the transferor(s) and l am an Ontado '~ I~ ~ I~! solicito~ in good standing. [x_~'l~ Address of Y , M O ~ Signature .......................... ; ...... ; ....:... (15) Asee~enlof PropertyR°ll Number [:J Cry.,~i Mun'l Map,il Sub. , Par, , I~1111 Registretio~ FeeFees and Tax :~(16) Municipal Address of Property (17) Document Prepared by:. Town Solicitor Town of Pickering - One The Esplanade Pickering, ontario ....... L1V 6K7 Total SCHEDULE A THIS SUBDIVISION AGREEMENT made June 7, 1993, pursuant to the provisions of section 51 of the Planning Act, R.S.O. 1990, chapter P.13, BETWEEN: BUENDIAS LAND COMPANY LIMITED herein called the "Owner", OF THE FIRST PART, THE CORPORATION OF THE TOWN OF PICKERING herein called the "Town" OF THE SECOND PART. WHEREAS the Owner proposes to subdivide Blocks 109 and 110, Plan 40M-1473 and part of Lot 30, Concession 1, in the Town of Picketing, in the Regional Municipality of Durham, and to register a plan of subdivision of those lands, as shown on a draft plan of subdivision designated as Draft Plan Number 18T-89029 (revised), and is required as a condition of approval thereof to enter into a subdivision agreement with the Town pursuant to section 51 of the Planning Act, R.S.O. 1990, chapter P.13; NOW THEREFORE, THIS AGREEMENT WITNESSETH THAT, in consideration of the Town consenting to the registration of the proposed plan of subdivision, and the covenants hereinafter expressed, the Parties hereto covenant and agree one with the other as follows: PART 1 - INi ~,PRETING AND APPLYING THIS AGREEMENT The lands affected by this Agreement (the "Lands") are Lot 1 and Blocks 2 to 39, both inclusive, Plan 40M- , Picketing. 2. STATUS OF THIS AGREEMENT (I) In the event the plan of subdivision is not registered on or before February 7, 1994, this Agreement shall be null and void and of no further effect, and the Town shall not be liable for any expenses, costs or damages suffered by the Owner as a result thereof. (2) This Agreement is entered into and executed by the Owner for the purpose of having the Town act in reliance on the covenants by the Owner contained herein and the Owner hereby waives any right or claim which it now has or may hereinafter acquire which is inconsistent with the terms of this Agreement. (1) Whenever in this Agreement the pronoun "it" is used, it shall be read and construed as "he", "she", "they", "him", "her" or "them", mad the number of the verb agreeing therewith shall be construed accordingly. (2) Schedules A, B, C and D attached hereto shall form part of this Agreement. (3) Time shall be of the essence of this Agreement. This Agreement shall be enforceable by and against the Parties hereto, their heirs, executors, administrators, successors and assigns, and the Agreement and all the covenants by the Owner contained herein shall mn with the Lands for the benefit of the Town and the land or interests in land owned by the Town upon the registration of the plan. 5. NOTICE (1) Any notice required to be given hereunder may be given by personal delivery or registered mail, (a) in the case of the Owner, to David Brand Buendias Land Company Limited 248 Forest Hill Road Toronto, Ontario M5P 2N8 and (b) in the case of the Town, to The Town Clerk The Corporation of the Town of Pickering Picketing Civic Complex One The Esplanade Picketing, Ontario L1V 6K7 (2) Each Party may redesignate the person or the address, or both, to whom or to which such notice may be given by giving written notice to the other. (3) Any notice given in accordance with this section shall be deemed to have been given on the second day following the day of delivery or the day of mailing, as the case may be. 6. J~ICENCE TO ENTER The Owner shall retain a licence from any subsequent purchaser of the Lands, or any part thereof, to enable the Owner and the Town's inspectors to enter upon the Lands in order to comply with the provisions of this Agreement. 7. OWNER'S GENERAL UNDERTAKING The Owner shall complete in a good workmanlike manner for the Town, all the municipal services as hereinafter set forth to the satisfaction of the Town, and shall complete, perform or make payment for such other matters as may be provided for herein. 8. OWNER'S EXPENSE Every provision of this Agreement by which the Owner is obligated in any way shall be deemed to include the words "at the expense of the Owner and at no expense to the Town" unless the context requires otherwise. PART 2 - CONSTRUCTING THE TOWN'S SERVICF_J 9. CONSULTING ENGINEERS (1) The Owner shall retain a Professional Engineer as the Consulting Engineer of the Owner to carry out all the necessary engineering and to supervise the work required to be done for the development and construction of the project. (2) Such Consulting Engineer, or any successor thereto, shall continue to be retained until the work required to be done for the development and construction of the project is completed and formally accepted by the Town. -2- (3) The Owner may change from one Consulting Engineer to another at any time or times during the development and construction of the project, so long as the Owner has a Consulting Engineer retained at all times. I0. CONSTRUCTION / INSTALI.ATION OF TOWN WORKS AND SERVICES (1) The Owner shall obtain all required approvals and shall construct or install to Town standards and shall provide to the Town, complete in every detail, the following Town works and services (the "Works") as shown on plans submitted by the Owner's Consulting Engineer to the Town and approved by the Town's Director of Public Works in accordance with the Town's specifications for such Works: (a) Town roads within the plan, complete with all signs and other appurtenances; (b) Town roads adjacent to the plan and not separated from the plan by a reserve or reserves, complete with all appurtenances; (c) removal and replacement of any temporary turning circle located immediately adjacent to the plan on a Town road to be extended into the plan; (d) street storm sewers on roads referred to in (a) and (b), complete with curbs, gutters, catchbasins and manholes; (e) storm water drainage and management system serving the lands in the plan and lands outside the plan but draining through the plan, complete with detention or retention facilities, quality control devices and outlets; (f) boulevards and sidewalks on Town roads within the plan, on Town roads adjacent to the plan but not separated from the plan by a reserve or reserves, and on Town roads to be extended into the plan where the Owner is required to remove and replace a temporary turning circle; (g) street lighting on Town roads within the plan, on Town roads adjacent to the plan but not separated from the plan by a reserve or reserves, and on Town roads to be extended into the plan where the Owner is required to remove and replace a temporary turuing circle; (h) street tree planting on Town roads within the plan, on Town roads adjacent to the plan but not separated from the plan by a reserve or reserves, and on Town roads to be extended into the plan where the Owner is required to remove and replace a temporary turuing circle; (i) walkways on walkway blocks and park entrances, complete with walkqvay fencing and lighting; and 0) other fencing, including, (i) fencing adjacent to commercial sites, school sites, parks, open space, storm water management facilities and roads adjacent to the plan and separated from the plan by a reserve or reserves, and (ii) noise attenuation fencing. (2) If at any time prior to the acceptance of the Works, the Town's Director of Public Works is of the opinion that additional works are necessary to provide adequately any of the public services required by the project, the Owner shall construct, install or perform such additional works at the request of the Director. (3) All Works shall be constructed and installed in accordance with the Town's specifications and in a good and workmanlike manner under the supervision of the Owner's Consulting Engineer and under the observation of the Town's inspectors or, in the case of street lighting, Picketing Hydro's inspectors. (4) The Owner shall conduct video inspections of all underground services required to be constructed or installed hereby and shall provide a VHS-fomaat videotape record of those inspections to the Town. (5) The Owner shall pay to the Town the Town's costs of inspection, including but not necessarily limited to, salaries and wages of inspectors, testing fees and administration fees, within 30 days of invoices being rendered. -3- 11. GENERAL REGULATIONS RESPECTING SERVICING (1) The construction of Town roads shall include the construction of paved driveway approaches between the curb and sidewalk or, where no sidewalk is to be provided, between the curb and the lot line. (2) Where the construction or installation of services involves a continuation or extension of existing services, the Owner shall join into the existing services, including adjustment of grades where necessary, in a good and workmanlike manner. (3) The Owner shall not dump nor permit to be dumped any fill or debris on, nor remove or permit to be removed any fill from, any public lands, other than in the actual construction of roads in the project without the written consent of the authority responsible for such lands. (4) The Owner shall not burn nor permit to be burned any refuse or debris within the project or adjacent to it. (5) The Town's Director of Public Works may have qualitative or quantitative tests made of any materials which have been or are proposed to be used in the construction or installation of any services required by this Agreement, and the cost of such tests shall be paid by the Owner within 30 days of invoices being rendered. (6) The Owner shall pay, within 30 days of invoices being rendered, the costs of, (a) relocating any existing services or utilities required to be relocated by the construction or installation of Works, services, or utilities in the project, and (b) moving any Works, services or utilities installed in driveways or so close thereto, in the opinion of the Town's Director of Public Works, as to interfere with the use of the driveway. (7) Unless otherwise provided herein, the Owner shall perform any work required to be done under this Agreement to the specifications of the Town in effect at the date hereof. (8) The Owner shall provide and erect temporary signs of such nature and at such locations as designated by the Town's Director of Public Works. 12. ELECTRICAL SERVICES Where electricity, cable television service or telephone service is to be provided to any lot or block in the project, it shall be provided underground and in accordance with the standards and specifications of Picketing Hydro-Electric Commission, Trillium Cable T.V. Limited or Bell Canada, as the case may be. 13. TREE INVENTORY / TREE PRESERVATION PROGRAM (I) The Owner shall submit a Tree Inventory and a Tree Preservation Program prepared by a qualified expert, and based upon the Town-approved Grading Control Plan, indicating which existing trees in the project may be preserved to the Town's Director of Public Works for the review and approval of the Town's Director of Planning and Director of Community Services and Facilities, and shall ilnplement"-the PrograJn as approved only. (2) Until the Tree Preservation Program is approved the Owner shall not comanence, nor allow to be commenced, any aspect of the development of the lands in the project, including the removal of any tree. (3) In the event that any tree required to be preserved by the approved Tree Preservation Program is removed or is, in the opinion of the Town's Director of Community Services and Facilities, dmnaged to such an extent that its value or longevity is decreased or is likely to be decreased, then the Owner shall replace that tree with a tree of a height, diameter and species determined by the Director; such replacement shall be at no cost to the Town. (4) The Owner's liability under subsection (3) shall continue until, (a) where the lands upon which the tree is located comprise a residential building lot or block, twelve months after the completion of the sodding on the lot or block, or -4- (b) where the lands upon which the tree is located comprise lands other than a residential building lot, the issuance by the Town of the Final Acceptance Certificate. 14. GRADING CONTROL PLAN / LOT DRAINAGE AND SODDING (1) The Owner shall submit to the Town, for the approval of the Town's Director of Public Works, a Grading Control Plan prepared by the Owner's Consulting Engineer, establishing the proposed grading of the lands in the project to provide for the proper drainage thereof and the drainage of all adjacent lands which drain through the lands in the project. (2) The Grading Control Plan shall be prepared in accordance with the Town's Lot Drainage Specifications and shall not provide for the drainage of surface mn-off water onto Town-owned parkland, open space or walkways unless provision is made for the installation by the Owner, at no cost to the Town, of suitable swales and catch basins to manage adequately, in the opinion of the Town's Director of Community Services and Facilities, that surface mn-off water. (3) The Owner shall grade all the lands in the project in accordance with the approved Grading Control Plan, ensuring that sufficient topsoil remains as cover on all areas of the project intended for sodding, seeding, or other planting. (4) If the Town determines that, (a) grading has not been done in accordance with the Grading Control Plan, (b) grading has been done in accordance with the Grading Control Plan but drainage problems remain, or (c) sufficient topsoil has not been left in the appropriate areas, the Owner shall re-grade the project, or part thereof affected, adding a sufficient amount of topsoil if necessary, or construct catch basins, swales or other structures as may be necessary to correct such problems, as directed by the Town's Director of Public Works. (5) The Owner shall sod the front, side and rear yards of each of the residential lots and blocks in the project except for paved, planted or treed areas prior to the occupancy of the dwelling unit located thereon or within the six months irmnediately thereafter except, where the occupancy of the dwelling unit occurs in November or December of any year, the thne limit for sodding may be extended to June 30 in the following year. 15. AUTHORIZATION TO COMMENCE WORK The Owner shall not commence the construction or installation of any of the Works without the written Authorization to Commence Work of the Town's Director of Public Works, which Authorization shall not be issued until all approvals required by this Agreement have been obtained and, (a) four red-lined copies of this Agreement executed by the Owner and all Encumbrancers have been provided to the Towu to the satisfaction of the Town Solicitor; (b) all monies, securities and insurance policies, as noted in this Agreement, have been delivered to the Town to the satisfaction of the Town Treasurer and the Town Solicitor; (c) all approvals and permits have been obtained by the Owner from the Ministry of the Environment, the Ministry of Natural Resources and the Metropolitan Toronto and Region Conservation Authority, or a certificate has been provided by the Owner's Consulting Engineer that no such approvals or permits are required; and (d) three executed copies, in a form suitable for registration, of any Transfers/Deeds required by section 33 respecting the conveyances identified in Schedule A have been provided to the Town in registrable form to the satisfaction of the Town Solicitor. -5- 16. USE OF WORKS PENDING COMPLETION / EMERGENCY REPAIRS (1) Any of the Works may be used by the Town, or by such other person or agency as may be authorized by the Town's Director of Public Works, for the purposes for which the Works are designed, and such use shall not be deemed an acceptance of any of the Works by the Town, nor an assumption by the Town of any liability in connection therewith, nor a release of the Owner from any of its obligations under this Agreement. (2) The Town may make emergency repairs at any time to any of the Works and may for this purpose enter the Lands at any time; such repair or entry shall not be deemed an acceptance of any of the Works by the Town, nor an assumption by the Town of any liability in connection therewith, nor a release of the Owner from any of its obligations under this Agreement. 17. INTERNAL / EXTERNAL ROAD MAINTENANCE AND REPAIR / SNOW PLOWING (I) Throughout the term of this Agreement, the Owner shall, (a) maintain all Town roads within the project in a mud and dust free condition and free of obstructions, regardless of the source or cause of any mud, dust or obstruction; (b) maintain all Town roads outside the project, including boulevards, in a mud and dust free condition and free of obstructions, where the source or cause of the mud, dust or obstruction is an operation or operations related in any way to the development of the project; (c) repair all Town roads outside the project, including boulevards, where damage has occurred as a result of an operation or operations related in any way to the development of the project; and (d) plow snow from and salt all Town roads within the project that are not subject to the Town's winter control program. (2) The Owner, within 24 hours of verbal notification by the Town to it or its representatives, shall undertake such works as are necessary to clean, clear, repair, plow or salt any Town road requiting such work in the opinion of the Town's Director of Public Works or his designate. 18. COMPLETION DATES - TOWN WORKS AND SERVICES (1) The Owner shall complete the Works in accordance with the following time limits: (a) Town roads within the plan - two years from date of Authorization to Commence Work; (b) Town roads adjacent to the plan - two years from date of Authorization to Commence Work; (c) removal and replacement of any temporary turning circle - two years from date of Authorization to Cmmnence Work; (d) street storm sewers - one year from date of Authorization to Commence Work; (e) storm water drainage and management system (including grading and top-soiling of non-residential lots and blocks) - one year from date of Authorization to Commence Work; (f)(i) boulevards and sidewalks on Town roads within the plan, on Town roads adjacent to the plan but not separated from the plan by a reserve or reserves - six months after occupancy of first dwelling to be occupied adjacent to segment as identified by the Town's Director of Public Works, but no later than two years from date of Authorization to Commence Work; (f)(ii) boulevards and sidewalks on Town roads to be extended into the plan where the Owner is required to remove and replace a temporary turning circle - two years from date of Authorization to Commence Work; (g) street lighting - one year from date of Authorization to Commence Work; -6- (h) street tree planting - two years from date of Authorization to Commence Work; (i) walkways, walkway fencing and walkway lighting - prior to the occupancy of any dwelling adjacent thereto; (j)(i) other fencing adjacent to, A parks, open space and storm water management facilities - prior to the occupancy of any dwelling adjacent thereto; B commercial sites and school sites one year from date of Authorization to Commence Work; and C roads adjacent to the plan and separated from the plan by a reserve or reserves - six months after occupancy of f~rst dwelling to be occupied adjacent to segment as identified by the Town's Director of Public Works, but no later than two years from date of Authorization to Commence Work; and (j)(ii) noise attenuation fencing - prior to the occupancy of any dwelling adjacent thereto, following the satisfactory completion and testing of all of which, and the approval thereof by the Town, the Town shall issue to the Owner a Completion Acceptance Certificate. (2) Despite the provisions of subsections (l)(f)(i) and (l)(j)(i)C, where the occupancy of the first dwelling unit occurs in November or December of any year, the time limit for construction of the adjacent boulevard, sidewalk or fencing segment shall be extended to June 30 in the following year. 19. FAILURE TO COMPLETE / IMPROPER PERFORMANCE (1) If, in the opinion of the Town's Director of Public Works, the Owner is not constructing or installing the Works, or causing them to be constructed or installed, within the specified time or so that they may be completed within the specified time, or is improperly performing the Works, or has neglected or abandoned them before completion, or has unreasonably delayed them so that the terms and conditions of this Agreement are being violated or executed carelessly or in bad faith, or has neglected or refused to renew or agah> perform Works rejected by the Director of Public Works as defective or unsuitable, or has iii any other manner, in the opinion of the Director of Public Works, defaulted in the performance of the terms and conditions of this Agreement, then the Director may notify the Owner and his surety in writing of the default or neglect and if the notification be without effect for seven days, then the Director shall have full authority to make any payment or do any thing, including but not limited to obtaining materials, tools and machinery and employing persons required for the proper completion of the Works or rectification of the default, at the cost and expense of the Owner or his surety, or both. (2) In cases of emergency, in the opinion of the Director of Public Works, such Director may act without prior notice but the Owner and its surety shall be notified forthwith. (3) The cost of rectifying the default shall be calculated by the Director of Public Works, whose decision shall be final, and may be charged to the Owner, together with a 25 per cent engineering and administration fee, by drawing upon the letter of credit fred with the Town under section 21. 20. GUARANTEE OF WORKS. WORKMANSHIP AND MATERIALS (1) The Owner shall guarantee all Works, workmanship and materials employed or used in the construction, installation or completion of Works, services and other requirements under this Agreement for a minimum period of two years (the "maintenance period") following the issuance of the Completion Acceptance Certificate by the Town. (2) Despite any other provisions of this Agreement, the responsibilities of the Owner during the maintenance period shall include the maintenance of the Works, including the rectification of any unsatisfactorily installed Works. -7- (3) Prior to the end of the maintenance period, the Owner's Consulting Engineer shall submit to the Town, (a) "as built" construction drawings for the Works complete as per Town standards, together with that Consulting Engineer's certificate that those drawings accurately depict the Works as constructed; and (b) a statement by an Ontario Land Surveyor that all standard iron bars as shown on the registered plan, and survey monuments at all block comers, at the ends of all curves (other than comer roundings) and at all points of change in direction of streets in the plan have been found or re-established. (4) Prior to the end of the maintenance period, the Town will re-inspect the Works and if, (a) the Works are acceptable; and (b) the Owner has performed al/ of its obligations under the terms of this Agreement to the satisfaction of the Town, the Town will issue to the Owner a Final Acceptance Certificate at which thne the Town will assume ownership of the Works and the operation and maintenance thereof, and the maintenance period will then end. (5) If upon the re-inspection conducted prior to the end of the maintenance period, (a) the Works are not acceptable, or (b) the Owner has not performed all of its obligations under the terms of this Agreement to the satisfaction of the Town, the Town will advise the Owner of the deficiencies, the expected rectifications, and the time limited for implementing the rectifications (the "rectification period") and the maintenance period shall be extended to the end of the rectification period. (6) At the end of the rectification period, the Town will re-inspect the Works and if, (a) the Works are acceptable; and (b) the Owner has performed all of its obligations under the terms of this Agreement to the satisfaction of the Town, the Town will issue to the Owner a Final Acceptance Certificate at which time the Town will assume ownership of the Works and the operation and maintenance thereof, and the maintenance period will then end. (7) If upon the re-inspection conducted at the end of the rectification period, (a) the Works are still not acceptable, or (b) the Owner has not performed all of its obligations under the temps of this Agreement to the satisfaction of the Town, the Town's Director of Public Works shall determine, in his sole discretion, whether a further rectification period will be granted, and, if so, upon what terms and conditions, or whether the Town shall proceed under the provisions of section 19, or both. 21. PERFORMANCE AND MAINTENANCE SECURITY (1) Before this Agreement will be executed by the Town, the Owner shall file with the Town an irrevocable letter of credit, issued by a chartered bank in Canada in the form set out in Schedule B and in an amount established by the Director of Public Works (the "original value"), as a performance and maintenance security for the purpose of, (a) guaranteeing the satisfactory construction, installation or performance of the Works; -8- (b) guaranteeing the payment of any amounts payable to the Town under this Agreement; (c) guaranteeing the payment of any amount that the Town may be required to pay under the provisions of the Construction Lie, Act, or may successor thereto, and (d) guaranteeing all Works, workmanship and materials during the maintenance period and any rectification period or periods and until a Final Acceptance Certificate has been issued by the Town's Director of Public Works. (2) The Owner may, at any time after the first 50 per cent, in value, of Works have been constructed, installed or performed, and paid for, apply for a reduction in the security and such application shall be made to the Town Treasurer. (3) Upon written verification from the Director of Public Works that the construction, installation or performance of the Works for which reduction is being sought have been satisfactorily completed and paid for, the Town Manager may reduce the amount of the security to an mnount not less than, (a) 60 per cent of the original value where no certificate or declaration of substantial performance has been made; (b) 35 per cent of the original value where, (i) a certificate or declaration of substantial performance has been published; (ii) 45 days following such publication have expired; and (iii) all liens that may be claimed against any holdback required to be retained by the Town have expired or have been satisfied, discharged or provided for by payment into court; and (c) 17 per cent of the original value where, (i) a certificate of final completion has been made by the Owner's Consulting Engineer; (ii) 45 days following the making of such certificate have expired; (iii) all liens that may be claimed against any holdback required to be retained by the Town have expired or have been satisfied, discharged or provided for by payment into court; and (iv) a Completion Acceptance Certificate has been issued by the Town's Director of Public Works, which 17 per cent portion shall secure the guarantee of Works, workmanship and materials, until a Final Acceptance Certificate has been issued by the Town's Director of Public Works, when the balance of the security shall be returned to the Owner subject to any deductions for rectification of deficiencies. (4) Upon the approval, if any, of a reduction in the amount of the security required to be provided in subsection (1), the Town Manager or the Town Treasurer shall provide to the Owner any necessary assurance to effect the reduction. 22. OWNER'S GENERAL INDEiV~YlTY Until the Town's Director of Public Works has issued the Final Acceptance Certificate for the Works, the Owne~ shall indemnify the Town against all actions, causes of actions, suits, claims and demands whatsoever, which may arise either directly or indirectly by reason of the Owner undertaking the project or servicing the Lands as required under this Agreement. -9- 23. LIABILITY INSURANCE POLICY / PROVISION FOR DEDUCTIBLE (1) Before this Agreement will be executed by the Town, the Owner shall file with the Town a Certificate of Insurance verifying that a Liability Insurance Policy is in effect, setting out the essential terms and conditions of the insurance, and naming the Town as additional named insured, all of which shall be subject to the approval of the Town Solicitor. (2) The policy shall comply with the following provisions: (a) the minimum limit per occurrence shall be $5,000,000 all inclusive for property damage and personal liability; (b) it shall not contain a clause for exclusion for blasting; and (c) it may not be cancelled unless prior notice by registered letter has been given to the Town by the insurer thirty days in advance of the expiry date. (3) The policy premium must be paid initially for a period of one year and the policy shall be renewed for further one year periods until the Final Acceptance Certificate has been issued by the Town's Director of Public Works. (4) If the policy coverage is subject to a deductible amount, the Owner shall file with the Town, when filing the Certificate of Insurance, a certified cheque or letter of credit with the Town in the deductible amount, as a deposit, together with a letter from the Owner authorizing the Town to appoint an independent adjuster and to investigate clahns less than the deductible amount and authorizing the Town to pay such claims deemed valid by the adjuster out of the deposit; the Owner shall be responsible for all adjustment service costs and shall maintain the deposit throughout the term of this agreement in the amount of the deductible. (5) The provision of the insurance policy required by this section shall not relieve the Owner from liability for claims not covered by the policy or which exceed its limits, if any, for which the Owner may be held responsible. PART $ - DEVELOPING THE PROJECT 24. CONSTRUCTION AND OCCUPANCY OF BUILDINGS (1) No building permit shall be issued for any building or part of a building on the Lands until, (a) all buildings and structures on the Lands prior to draft plan approval have been demolished by the Owner; (b) sewer and water facilities are available, and in the opinion of the Town's Director of Public Works, capable of providing adequate service; (c) an asphalt base has been laid on the road immediately in front of the building or part thereof and extended to an existing maintained road; and (d) the Owner has paid to the Town the applicable development charge for each dwelling in that building or part thereof in accordance with By-law 3854/91, enacted pursuant to the Development Charges Act. (2) No building or part of a building on the Lands shall be occupied except upon the issuance of a municipal occupancy permit. (3) No application for a municipal occupancy permit for a building or part of a building shall be made except upon the following conditions: (a) storm sewer, sanitary sewer and water facilities are installed and in operation to adequately serve such building or part thereof; (b) electric service is completed and in operation; and -10- (c) such curbs, as in the opinion of the Town's Director of Public Works, are required to be completed prior to occupancy have been constructed on the road immediately in front of the building or pan thereof and extended to an existing maintained public road. (4) 'rhe Owner shall maintain vehicular access to all occupied buildings on the Lands until the roads in the plan are formally assumed by the Town. 25. DESIGN PLANNING - RESIDEN'I~L UNITS AND NOISE ATTENUATION STRUCTURE~; (1) Prior to the issuance of any building permit for the construction of any residential unit on the Lands and the construction of any noise attenuation structure in or adjacent to the project, the Owner shall submit to the Town's Director of Planning, for approval, a report outlining siting and architectural design objectives for the project. (2) That report may be required, at the Director's option, to provide the following information: (a) house massing; (b) streetscape; (c) exterior materials and colours; (d) architectural style; (e) visual variety; (f) energy conservation measures; and (g) any other data or information reasonably required. (3) Prior to the issuance of each building permit for the construction of a residential unit on the Lands, the Owner shall submit to the Town's Director of Platu~ing, for approval, site plans and architectural drawings for that unit. (4) Those plans and drawings may be required, at the Director's option, to provide the following information: (a) the location of all buildings and structures to be erected and the location of all facilities and works associated therewith; (b) the location of landscaping features, including trees to be preserved; (c) streetscape for front, rear and flankage elevations at a scale acceptable to the Director; (d) streetscape to show all street furniture and vegetation; (e) the relationship of buildings by blocks; and (f) any other data or information reasonably required. 26. SPECIFIC PROVISIONS RESPECTING DEVELOPMENT The Owner shall comply with any specific provisions respecting the development of this project set out in Schedule D. PART 4 - FINANCIAL 27. EXPIRY OF SECURITIES (I) Should any letter of credit security required to be provided hereunder expire before the Town releases the Owner from the terms and conditions hereof, the Owner shall provide to the Town at least 30 days in advance of the expiry date of that security, a further security to take effect upon the expiry. (2) Such further security shall be in a form and amount satisfactory to the Town. (3) Should no such further security be provided as required, then the Town shall have the right to convert the expiring security into cash and hold the cash in lieu of and for the same purposes as the expiring security. 28. PAYMENT OF LIENS AND OTHER CLAIMS (1) The Owner shall discharge or vacate any liens or claims fried with the Town or registered on title to any Town-owned lands within thirty days of being requested to do so by the Town. -11- (2) At the end of the maintenance period, as extended during any rectification period, the Owner shall ftle with the Town a Statuto~j Declaration stating that, (a) all materials have been supplied and all services and works have been completed in the project with respect to the construction and installation of Works and other services; (b) all accounts for work or service performed and materials placed or furnished upon or in respect of the construction and installation of Works and other services in the project have been fully paid and satisfied and no person is entitled to claim a lien under the Construction Lien Act against the Town or any Town-owned land; (c) there are no judgments or executions fred against the Owner; (d) nothing is owed by the Owner or claimed against it for unemployment insurance deductions, income tax deductions, or by way of contribution or assessment under the Workers' Compensation Act; (e) the Owner has not made any assignment for the benefit of creditors, nor has any receiving order been made against it under the Bankruptcy Act, nor has any petition for such an order been served upon the Owner; and (f) 45 days have passed since the completion of the construction, installation, and last rectification of the Works and services. 29. pAYMENT OF INTEREST ON OVERDUE AMOUNTS PAYABLE The Owner shall pay interest at the rate of 18 per cent per year to the Town on all sums of money payable hereunder which are not paid on the due dates calculated from such due dates. 30. PAYMENT OF REALTY AND BUSINESS TAXES / LOCAL IMPROVEMENT CHARGES (1) The Owner shall pay in full as they come due all realty and business taxes assessed against the Lands or the Owner as required by law from thne to time. (2) Before this Agreement will be executed by the Town, the Owner shall commute and pay to the Town or to the Regional Municipality of Durham all local improvement charges assessed against the lands in the plan. 31. PAYMENT OF DEVELOPMENT CHARGES (I) The Owner shall pay to the Town, in accordance with the Developmem Charges Act and the Town's Development Charges By-law 3854/91, development charges for each dwelling unit within the project respecting the following services: (a) administrative services - town offices; (b) administrative services - capital growth studies; (c) protection - fire facilities; (d) protection - fire vehicles and equipment; (e) storm drainage, roads, sidewalks, storm sewers, lighting and other services; (f) transportation - works yards, vehicles and equipment; (g) transportation - transit; (h) parks - parkland acquisition; (i) parks - parkland development; (j) major recreational facilities - tnajor indoor recreational facilities; (k) library - library facilities; (1) library - library materials; and (m) electrical distribution services and facilities. (2) The amount of the development charge for each dwelling to be erected in the plan shall be the amount set out in Schedule C for that type of dwelling, as adjusted annually in accordance with Schedule C. (3) Where a development charge is payable for a dwelling located on a parcel of land comprised of land in this plan and land not in this plan, the amount of the development charge payable for that dwelling shall be the amount calculated in accordance with the provisions of the subdivision agreement for the most recently registered of the plan or plans within which the parcel is located. -12- 32. PAYMENT OF ENGINEER]~IG. LEGAL AND REGISTRATION FEES (1) Before this Agreement will be executed by the Town, the Owner shall pay by certified cheque to the Town an Engineering Drawing Inspection Fee in the amount set out in Schedule C for the examination and inspection done by the Town's Public Works Department in the processing of the engineering drawings for this project. (2) Before this Agreement will be executed by the Town, the Owner shall pay by certified cheque to the Town a Subdivision Agreement Processing Fee in the amount set out in Schedule C for the preparation and processing of this Agreement by the Town's Legal Services Department. (3) The Owner shall pay all registration costs incurred by the Town relating in any way to the registration of the plan of subdivision, this Agxeement, or any other documentation, including transfers, in the Land Registry Office within 30 days of invoices being rendered. PART 5 - TRAIVSFERS AiVD REGISTRATIONS 33. TRANSFERS OF LANDS OR INTERESTS IN LANDS OR PAYMENTS l~q LIEU THEREOF (1) Upon executing this Agreement, the Owner shall convey or cause to be conveyed to the Town, free and clear of all encumbrances and at no cost to the Town, all of the lands or interests in lands identified in Schedule A for the purposes set out therein. (2) The Owner hereby warrants that, upon such conveyance, neither the title to the lands conveyed nor their physical state and condition shall prevent the Town from lawfully or physically using the lands for the purposes for which they are being conveyed as set out in Schedule A. (3) Where none of the lands identified in Schedule A are to be conveyed for parkland purposes, the Owner shall pay to the Town, before this Agreement will be executed by the Town, an amount calculated in accordance with the provisions of Schedule A in lieu of a parkland conveyance. (4) Any Transfer/Deed given pursuant to this Agreement shall be in a form acceptable to the Town Solicitor and any Transfer/Deed of a stom~ drainage works easement sh',fll contain the Storm Drabtage Works Easement Schedule set out in Schedule A. (5) The Town may complete or alter any description of land in this Agreement or in any Transfer/Deed given pursuant to this Agreement so as to make the description correspond with the description of the land according to the plan which is to be registered pursuant to this Agreement. 34. RELEASE OF THE PLAN FOR REGISTRATION Before the Town will advise the Regional Municipality of Durham that the conditions of Draft Approval affecting the Town have been satisfied, the Owner shall deliver to the Town the following: (a) four red-lined copies of this Agreement executed by the Owner and all Encumbrancers; (b) all monies, securkies and insurance requixed by this Agreement; (c) three executed copies, in a form suitable for registration, of each Transfer/Deed required by section 33 respecting the conveyances identified in Schedule A, and one draft copy of each required reference plan. 35. REGISTRATION OF AGREEMENT (1) This Agreement shall be registered by the Town in the Land Registry Office for the Land Titles Division of Durham (No. 40). (2) The Owner shall give to every purchaser of the Lands or any part of the Lands actual notice of the existence and the terms of this Agreement and shall include an acknowledgement in any offer to purchase or other similar document dealing with the Lands, or any part of them. - 13- (3) The Owner shall indemnify and save harmless the Town from any loss, inconvenience or damage which may result to the Town from the Owner's failure to comply with subsection (2) and against any action or claim made against the Town by any person other than the Owner arising out of the execution by the Town of this Agreement. (4) The Owner shall execute such further assurances of the rights hereby granted as may be deemed necessary by the Town. IN WITNESS WHEREOF the Parties hereto have hereunto affixed their respective Corporate Seals attested to by the hands of their authorized officers. SIGNED, SEALED AND DELIVERED BUENDIAS LAND COMPANY LIMITED David Brand, President THE CORPORATION OF THE TOWN OF PICKERING Wayne Arthurs, Mayor Brace Taylor, Clerk ENCUMBRANCER - ADELAIDE CAPITAL CORPORATION The Encumbrancer hereby postpones aqy ~ights or interests which it has in the Lands with the intent that this Agreement shall take effect as though executed and registered prior to the creation of any such right or interest and prior to the execution and registration of any mortgage, agreement or other document creating or defining any such right or interest; And the Encumbrancer hereby covenants and agrees with the Town that this Agreement and any conveyance, easement or other document given pursuant to this Agreement, shall have priority over the rights of the Encumbrancer in the Lands with the intent that the Encumbrancer or anyone claiming under it shall at no time exercise in relation to the Lands any right, title or claim which could not be exercised by the Owner by reason of the terms of this Agreement. Dated at , this day of ,1993. SIGNED, SEALED AND DELIVERED [ENCUMBRANCER] [person], [position] [person], [position] - 14- TRANSFER~ OF LA31DS OR IIgTERESTS Ilg LANDS OR PAYMENI$131LIEgJ THEREOF (Section 33) 1. CONVEYANCES REOUIRED TO BE MADE TO THE TOWN Interest to be Conveyed Blocks 41, 43 and 44 Reserves (Otonabee Drive) Fee simple Any portion of the Lands Storm drainage works Easement determined by the Town's Director of Public Works Any lands outside the Lands Storm drainage works Easement determined by the Town's Director of Public Works 2. C~,.LCULATION OF AMOUNT PAYABLE IN LIEU OF PARKLAND CONVEYANCE (1) The Owner shall obtain a written appraisal, prepared by a professional land value appraiser acceptable to the Town, of the value of all the land in the plan as of April 26, 1992. (2) The amount payable in lieu of a parkland conveyance shall be a sum equal to five per cent of that value. 3, STORM DRAINAGE WORKS EASEMENT REFERENCE PLANS (1) Before the Town will advise the Regional Municipality of Durham that the conditions of Draft Approval affecting the Town have been satisfied, the Owner shall obtain and deliver to the Town one draft copy of each proposed reference plan required to effect the conveyance of the specific easements referred to in section 1 of this Schedule. (2) Upon the completion of the construction and installation of the storm drainage works within each easemant shown on any proposed reference plan, the Owner's Consulting Engineer shall advise the Town's Director of Public Works of the actual location of the works in relation to the proposed easemem or easements, and if the Director is satisfied with the actual location of the works, the Owner shall register that reference plan and provide four copies of the plan as registered to the Town Solicitor. (3) If the Town's Director of Public Works is not satisfied with the actual location of the works in relation to the proposed easement or easements, the Owner shall obtain and deliver to the Town one draft copy of a revised proposed reference plan, and the provisions of subsection (2) and of this subsection will continue to apply. (4) Where the Town's Director of Public Works determines that the Town requires easements not specifically referred to in section 1 of this Schedule, the Owner shall obtain and deliver to the Town one draft copy of each proposed reference plan required to effect the conveyance of the such easements within 30 days of the Town's request to do so, and the provisions of subsections (2) and (3) will apply. -15- 3. STORM DRAI~TAGE WORKS EASEMENT SCHEDULE Where a conveyance of an easement is for storm drainage works purposes, the following Schedule shall be attached to the Transfer/Deed of Easement: (7) INTEREST/ESTATE TRANSFERRED Subject to the following terms and conditions, the free, uninterrupted and unobstructed right and easement to lay, construct, operate, maintain, inspect, alter, repaJx, replace, reconstruct and remove storm drainage works together with appurtenances thereto (herein called the "works"), in, over, along, across, upon and under the land described in Box 5 (herein called the "lands"), and to drain storm water in, over, along, across, upon and under the lands, together with the right to the Transferee, its servants, agents and contractors with all necessary vehicles, supplies and equipment to enter onto the lands and pass and repass over the lands for the purpose of exercising or enjoying any of the rights granted herein. The terms and conditions which the parties hereto covenant and agree to observe and be bound by are as follows: 1. The Transferee shall, except in case of emergency, before commencing any work authorized hereby, give to the Transferor forty-eight hours previous written notice thereof, and in cases of emergency such previous notice thereof as is reasonably possible. 2. Upon completion of any work, the Transferee shall fill in all excavations, restore fences, and restore the surface of the ground by restoring all topsoil and grass cover disturbed thereby, and do necessary grading to ensure soil and slope stability, and remove all equipment. 3. The Transferor shall not erect any building or structure (except a fence) on the lands, and shall not place or remove any fill on or from any part of the lands without the previous written consent of the Transferee. 4. The right and easement granted herein shall be subject to all leases, licences, and any rights of use or occupation existing at the date hereof, and the Transferor may from time to time renew or extend these or make new ones, so long as they do not interfere unreasonably with the right and easement herein granted. 5. The Transferor hereby releases the Transferee from any claim which may arise out of the exercise by the Transferee of the right and easement granted hereby or which may arise out of the existence of the storm water or the existence, operation or non-operation of the storm drainage works provided the Transferee has complied with all of the terms and conditions herein. 6. The Transferor shall execute such further assurances of the right and easement granted hereby as the Transferee may reasonably request in writing. 7. The burden of this Transfer and of all the terms and conditions contained herein shall run with the lands. 8. This Transfer and all of the terms and conditions contained herein shall enure to the benefit of and be binding upon the Transferor and the Transferee and their respective heirs, executors, administrators, successors and assigns. LAND BENE~D (DOMINANT TENEMENT) 9. The benefit of this Transfer and all of the terms and conditions contained herein shall run with all other lands and interests in lands owned, occupied or used by the Transferee for the purpose of operating and maintaining storm drainage works. -16- REQUIRF. D FORM FOR PERFORMANCE AND MAINtI~IANCE SECURITY LE'KITER OF CREDIT (Section 21) To: The Corporation of the Town of Picketing Picketing Civic Centre One The Esplanade Picketing, Ontario LIV 6K7 We hereby authorize you to draw on [name of bankI, Iaddress of bank], for account of [name of company or companies obtaining security] up to an aggregate amount of [amount of security in figures and in full] available by drafts at sight for 100% of demand as follows: Pursuant to the request of our customers(s), the said [name of company or companies obtaining security], we [name of bank], [address of bank], hereby establish and give to you an irrevocable Letter of Credit in your favour in the total mnount of [amount ofseclaffty in numbers and in words] which may be drawn on by you at any time mid from time to time upon written demand for payment made upon us by you which demand we shall honour without enquJxing whether you have a right as between yourself and our said customer(s or any of them.) to make such demand, and without recognizing any claim of our said customer(s or any of them). Provided, however, that you are to deliver to [name of bank], [address of bank], at such time as a written demand for payment is made upon us a certificate signed by you agreeing or confJ, rming that monies drawn pursuant to this Letter of Credit are payable to you or are to be or have been expended pursuant to obligations incurred or to be incurred by you with reference to your file regarding a Subdivision Agreement dated [date of Agreement], between [name of signatories to Agreement, other than Town and Encumbrancer($)] and The Corporation of the Town of Picketing; this Letter of Credit is given as the Performance and Maintenance Security required by section 21 of that Agreement. Partial drawings are permitted. The mnount of this Letter of Credit shall be reduced from time to time as advised by notice in writing given to us from time to time by you. This Letter of Credit will continue up to and including [date of expiry of Letter of Credit] and will expire on that date and you may call for payment of the full m~aount outstanding under this Letter of Credit at any thne up to the close of business on that date. It is a condition of this Letter of Credit that it shall be deemed to be automatically extended for one year from the present or any future expiration date hereof, unless thirty days prior to any such date, we shall notify you in writing by registered mail that we elect not to consider this Letter of Credit renewed for any such additional period. We hereby covenant with drawers, endorsers, and bona fide holders of drafts drawn under and in accordance with the terms of this credit that such drafts will be duly honoured if drawn and negotiated on or before [date of expiry of Letter of Credit]. The drafts drawn under this credit are to be endorsed hereon and shall state on their face that they are drawn under lname of bank], [address of bank]. DATED this day of ,19 Instructions for completing Letter of Credit: 1, Letter of Credit must be typed on bank letterhead. 2, Information required in square brackets must be provided where indicated, without brackets. 3. Phrases shown in round brackets must be included without brackets where there are two or more companies comprising the customer. 4. The date in the sixth paragraph must be at least one year from the date of the Letter of Credit. 5. The date in the seventh paragraph must be the same as the date in the sixth paragraph. 6. Bank signatories must show name, printed or typed, and title, itt addition to signature. -17- SCHEDULEC DEVELOPMENT CHARGES, ENGINEERING AND LEGAL FEES (Sections 31 and 32) 1. DEVELOPMENT CHARGES PAYABLE (1) Until and including October 7, 1993, the development charge payable under the Town's Development Charges By-law 3854,/91 for each single or semi-detached dwelling unit within this project is $4,691. (2) From and after October 8, 1993, the development charges payable for dwelling units within this project will be as set out in subsection (1) as adjusted on October 8, 1993, and annually on every October 8 thereafter until they are paid, in accordance with the Engineering News Record Cost Index (Toronto). (3) The development charges set out in subsection (1) have been derived as follows: administrative services - town offices $355 administrative services - capital growth studies 80 protection - fire facilities 87 protection - fire vehicles and equipment 145 storm drainage, roads, sidewalks, storm sewers, lighting and other services 907 transportation - works yards, vehicles and equipment 193 transportation - transit 49 parks - parkland acquisition 374 parks - parkland development 775 major recreational facilities - major indoor recreational facilities 814 library - library facilities 216 library - library materials 133 electrical distribution services and facilities 563 total $4,691 2. ENGINEERING DRAWING INSPECTION FEE PAYABLE The amount of the Engineering Dr.awing Inspection Fee payable for this project is $1,365. 3. SUBDIVISION AGREEMENT PROCESSING FEE PAYABLE The amoum of the Subdivision Agreement Processing Fee payable for this Agreement is $2,000 plus $140.00 GST. -18- SPECIFIC PROVISIONS RESPEC-I1NG DEVELOPMEt~ (Section 26) 1. EXPECTED NUiVIBER OF DWELLINGS (1) This Agreement has been entered into in the expectation that 39 dwellings are to be constructed on the Lands, as follows: (a) 37 single dwellings - one each on Lot 1, Block 2 and Block 3, and one each on the lands described in Items I to 34 of the Table in subsection 2(1) of this Schedule; and (b) 2 semi-detached dwellings on the lands described in Item 35 of the Table in subsection 2(1) of this Schedule. (2) If more or less than 39 dwellings are to be constructed in this project, the Town at its sole discretion may require the Owner to obtain new approvals and authorizations under this Agreement and may prohibit any development until the new approvals and authorizations are obtained. 2. ~EI .EASED FUTURE DEVELOPMENT BLOCKS - BLOCKS 4 TO 39 (1) The blocks set out in Column I of the following Table shall be developed only in conjunction with the lands described in Column II thereof, to provide the number of dwellings set out in Column III thereof: Item Column I Column II Column III 1. Block 4 Block 4, Draft Plan 18T-92017 1 2. Block 5 Block 5, Draft Plan 18T-92017 1 3. Block 6 Block 6, Draft Plan 18T-92017 1 4. Block 7 Block 50, Draft Plan 18T-89028 (revised) ! 5 Blocks 8 and 39 Binck 49, Draft Plan 18T-89028 (revised) 1 6. Block 9 Block 48, Draft Plan 18T-89028 (revised) 1 7. Block 10 Block 47, Draft Plan 18T-89028 (revised) 1 8. Block 11 Block 46, Draft Plan 18T-89028 (revised) 1 9. Block 12 Block 45, Draft Plan 18T-89028 (revised) 1 10. Block 13 Block 44, Draft Plan 18T-89028 (revised) 1 11. Block 14 Block 43, Draft Plan 18T-89028 (revised) 12. Block 15 Block 42, Draft Plan 18T-89028 (revised) 1 13. Block 16 Block 41, Draft Plan 18T-89028 (revised) 1 14. Block 17 Block 40, Draft Plan 18T-89028 (revised) 1 15. Block 18 Block 39, Draft Plan 18T-89028 (revised) 1 16. Block 19 Block 38, Draft Plan 18T-89028 (revised) 1 17. Block 20 Block 37, Draft Plan 18T-89028 (revised) 1 18. Block 21 Block 36, Draft Plan 18T-89028 (revised) 1 19. Block 23. Block 7, Draft Plan 18T-92017 1 20. Block 24 Block 8, Draft Plan 18T-92017 1 21. Block 25 Block 9, Draft Plan 18T-92017 1 22. Block 26 Block I0, Draft Plan 18T-92017 1 23. Block 27 Block 11, Draft Plan 18T-92017 1 24. Block 28 Block 12, Draft Plan 18T-92017 1 25. Block 29 Block 13, Draft Plan 18T-92017 1 26. Block 30 Block 14, Draft Plan 18T-92017 1 27. Block 31 Block 15, Draft Plan 18T-92017 1 28. Block 32 Block 16, Draft Plan 18T-92017 1 29. Block 33 Block 17, Draft Plan 18T-92017 1 30. Block 34 Block 18, Draft Plan 18T-92017 1 31. Block 35 Block 19, Draft Plan 18T-92017 32. Block 36 Block 20, Draft Plan 18T-92017 1 33. Block 37 Block 21, Draft Plan 18T-92017 I 34. Block 38 Block 22, Draft Plan 18T-92017 1 35. Block 22 Block 35, Draft Plan 18T-89028 (revised) 2 - 19- (2) The development of the lands described in Columns I and H of Items I to 35 of the Table in subsection (I) shall be governed by the provisions of this Agreement. (3) Until such time as Blocks 4 to 39 are developed in accordance herewith, the Owner shall maintain them in a clean and orderly condition to the satisfaction of the Town. 3. RESERVED FUTURE DEVELOPMENT BLOCKS - BLOCKS 2 TO 6 (1) Despite any other provisions of this Agreement, the development of Blocks 2 to 6, both inclusive, shall not commence until Draft Plan 15T-92017 has been registered and that portion of Otonabee Drive located within Draft Plan 18T-92017 has been constructed to base course asphalt. (2) Until such time as Blocks 2 to 6 are developed in accordance herewith, the Owner shall maintain them in a clean and orderly condition to the satisfaction of the Town. 4. pLAN REGISTRATION SEOUENCE Despite any other provisions of this Agreement, the Town shall not advise the Regional Municipality of Durham that the conditions of Draft Approval affecting the Town have been satisfied until one of Draft Plan 18T-89028 (revised) and Draft Plan 18T-92017 has been registered, and the Owner shall take no action to compel the Town to advise the Regional Municipality in advance of such registration. 5. NOISE ATTENUATION MEASURES (1) In the development of this project, the Owner shall implement the noise attenuation measures recommended in the engineering report dated January 8, 1993, prepared by S.S. Wilson & Associates, Professional Engineers. (2) Upon the completion of the implementation of those measures, the Owner shall provide to the Town's Director of Planning a Certificate of Corapliance from a Professional Engineer stating that those noise attenuation measures have been implemented in accordance with that report. (3) Before this Agreement will be executed by the Town, the Owner shall provide to the Town an irrevocable letter of credit issued by a chartered bank in Canada in a form satisfactory to the Town in the amount of $ , pursuant to which the Town may draw any amount up to the full amount thereof in the event that the Owner fails to provide the Certificate of Compliance required under subsection (2) within three years of the registration of the plan. (4) The Owner shall keep the letter of credit in good standing at all times and, should the Town draw upon it at any time, the Owner shall forthwith increase the face value thereof by the amount of the draw. (5) Any draw upon the letter of credit made by the Town pursuant to subsection (3) shall be deemed to be a penalty for the breach by the Owner of its obligations hereunder and shall not absolve the Owner from complying with the provisions of this section. (6) Upon receipt of the Certificate of Compliance required under subsection (2), the Town shall return the letter of credit to the Owner, but under no ckcumstances shall any amount drawn upon it by the Town be returned or refunded to the Owner or to any other person. (7) The Owner shall indemnify and save harmless the Town, (a) from any loss, inconvenience or damage which may result from the Owner failing to comply with any provision of this section; and (b) against any action or claim made against the Town by any person arising out of the implementation or non-implementation of the noise attenuation measures or out of the execution of this Agreement with this section in it. - 20 - 6. CONTRIBUTION TO DOWNSTREAM SERVICE COSTS Before this Agreement will be executed by the Town, the Owner shall pay to, (a) Bramaiea Limited the sum of $12,826.78, and (b) Landford Erin Developments Ltd. and Frank Fisico the sum of $ , being the portion of the costs to those companies of the construction of oversized storm water drainage facilities which benefit the lands in this plan. -21 o