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HomeMy WebLinkAboutBy-law 1924/84THE CORPORATION OF THE TOWN OF PICKERING BY-LAW NO. 1924/84 Being a by-law to authorize the execution of a Subdivision Agreement between Pandora Develop- ments Inc. and The Corporation of the Town of Picketing, respecting Lot 93 and part Lot 95, Plan 350 (Draft Plan 18T-76070) and part Lot 94, Plan 350, Picketing (LD 195/82) WHEREAS, Pandora Developments Inc. proposes to subdivide and register a plan of subdivision of Lot 93, and part Lot 95, Plan 350, and Part Lot 94, Plan 350, Picker- lng; and WHEREAS, that proposal has been approved by the Council of The Corporation of the Town of Picketing, the Ministry of Housing and the Durham Land Division Committee (LD 195/82), subject to several conditions, one of which requires the entering into of a satisfactory Subdivision Agreement between Pandora Developments Inc. and The Corporation of the Town of Pickering; NOW THEREFORE, the Council of the Corporation of the Town of Pickering HEREBY ENACTS AS FOLLOWS: The Mayor and Clerk are hereby authorized to execute a Subdivision Agree- ment, in the form attached hereto as Schedule A between Pandora Developments Inc. and The Corporation of the Town of Picketing, respecting Lot 93 and part Lot 95, Plan 350, Picketing (Draft Plan 18T-76070) and part Lot 94, Plan 350, Picketing (LD195182). BY-LAW read a first, second and third time and finally passed this 19th day of November, 1984. -/ Schedule A TO By-Law ~1924~84 THIS AGREEMENT made this lqth day of November, 1984. BETWEEN : PANDORA DEVELOPMENTS INC. hereinafter called the "Owner" OF THE FIRST PART, - and - THE CORPORATION OF THE TOWN OF PICKERING hereinafter called the "Town" OF THE SECOND PART, WESTERN CAPITAL TRUST COMPANY hereinafter called the "Encumbrancer" OF THE THIRD PART. WHEREAS, the Owner proposes to subdivide Lot 93 and part of Lot 95, Plan 350, 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 prepared by Otto Ert], Ontario Land Surveyor and designated as Draft Plan Number 18T-76070; WHEREAS, the Encumbrancer has certain rights or interests in the nature of encum- brances relating to the lands affected hereby; NOW THEREFORE, THIS AGREEMENT WITNESSETH, that in consideration of the Town approving the propose'd plan of subdivision, and the cnve~%ants hereinafter expressed, PART 1 - PROPERTY DESCRIPTION LAND AFFECTED The lands affected by this Agreement are: ALL AND SINGULAR that certain parcel or tract of land and premises situate, lying and being in the Town of Picketing, in the Regional Municipality of Durham and Province of Ontario and being composed of Lots 1 to 18, both inclusive, according to a plan of subdivision registered in the Land Registry Office for the Land Titles Division of Durham (No. 40) as Plan 40M- PART ~ - SERVICES 2. OWNER'S GENERAL UNDERTAKING The Owner shall complete at its own expense and in a good workmanlike man- ner, for the Town, all the municipal services as hereinafter set forth to the satisfaction of the Director of Public Works for the Town of Picketing, and shall complete, perform or make payment for such other matters as may be provided for herein. CONSULTING ENGINEERS (I) The Owner shall retain a Professional Engineer as the Consulting Engineer of the Owner shall carry out all the necessary engineering and to super- vise generally the work required to be done for the development of this subdivision. (2) Such Consulting Engineer, or any successor thereto, shall continue to be retained until the work provided for in this Agreement is completed and formally accepted by the Town. STORM SEWERS (1) The Owner shall construct a complete storm system including storm con- nections to the street line and catch basin leads to service all the lands in the plan of subdivision, in Draft Plan 18T-78019 and*in Parts 1 and 2, Plan 40R-7465, and to provide capacity for lands upstream, according to designs approved by the Director of Public Works and according to the specifications of the Town in effect at the date hereof and shall maintain it, including cldaring any blockages or debris from whatever cause, until it is formally accepted by the Town. (2) Such system shall be constructed to an outlet or outlets according to designs approved by the Director of Public Works and shall be of suffi- cient size and depth and at locations either within or outside the lands affected hereby to service the lands in the plan of subdivision, in Draft Plan 18T-78019 and in Parts 1 and 2, Plan 40R-7465, which in the opinion of the Director of Public Works, wilt require its use as a trunk outlet. (3) Should, in the opinion of the Director of Public Works, an inadequate stream or structure exist in the outlet system outside the lands in the plan of subdivision, in Draft Plan 18T-78019 or in Parts 1 and 2, Plan 40R-7465, the Owner may be required to carry out such works as are necessary to provide an adequate outlet. (4) The Town may connect or authorize connection into any part of the system but such connection shall not constitute acceptance of the sewer system by the Town. No connection under subsection 4, above, shall be undertaken or au- thorized prior to preliminary acceptance of the sewer sysiem by the Town, except in an emergency. ROADS - ROUGH GRADE (]) }'rio?' to tLe installation or construction of the municipal services provided for here'.n, the Ou'ner shall rough grade to the 7oxx'n~s spec~ficalSons ~r the full widlh, the proposed road allowance sho~n on the plan of subdiv/- s]o~ ar~c thc proposed road allowance shown in [)raft Plan ]87-7801q and the proposed road allowance in ParI 2, Plan 40R-7465. (?) The Owner shall keep all boulevards clear and free of maleriaJs and PART 2 - SERVICES (Cont'd) ROADS - PAVED (1) The Owner shall construct the roads shown on the plan of subdivision, in Draft Plan 18T-78019 and proposed for Part 2, Plan 40R-7465, according to the Town's specifications for psved roads of the Town in effect at the date hereof. The specifications for boulevard grading and sodding shall apply to all existing roads adjacent to the plan of subdivision and to Draft Plan 15T-78019, (3) Until assumption by the Town, the Owner shall maintain and repair roads both within and outside the plan of subdivision, Draft Plan 18T-78019 and in Part 2, Plan 40R-7465, where construction has taken place or that are used by construction traffic entering the plan of subdivision, Draft Plan 18T-78019 or in Part 2, Plan 40R-7465, and keep such roads clear of dust, refuse, rubbish or other litter of all types. (4} The Owner shall erect and maintain adequate signs to warn all persons using the roads in the plan of subdivision and in Draft Plan 18T-78019 or in Part 2, Plan 40R-7465, that the maintenance of them has not been assumed by the Town from the time that they are opened untl] formal assumption by the Town. (5) Such signs and the location thereof are subject to the approval of the Town's Director of Public Works. CURBS & GUTTERS (1) The Owner ghall construct curbs and gutters on the roads to be con- structed pursuant to section 6, above, according to the specifications of the Town in effect at the date hereof and shah maintain them until they are formally accepted by the Town. (2) If any curb depressions are not located correctly with respect to a drive- way, the Owner shall construct a curb depression in the correct location and fill in the original curb depression according to the said specifica- tions. SIDEWALKS The Owner shall construct a sidewalk on each side of Dahlia Crescent in the plan of subdivision, in Draft Plan 18T-78019 and on Part 2, Plan 40R-7465, and on the west side of Rosebank Road adjacent to the plan of subdivision and Draft Plan 18T-78019, according to the specifications of the Town in effect at the date hereof and to maintain them until they are formally accepted by the Town. UNDERGROUND ELECTRIC DISTRIBUTION, CABLE TELEVISION SERVICE & STREET LIGHTING Underground electric distribution shah be provided for all residential lc, ts within thc plan of subdivision, within Drafl Pla~ 18T-780]¢* and in Part l, Plan 40R-7465, according to the standards a:~d specifications of Pickering Hydro-Electric Commission. Cable television, services shall be, provided for all residential lots v,'ithix the plan of subdivision, within Drafl Plat, ]fT-Tf. 019 and wilhin Parl ], Plan 40R-7465, according to the standards of Pickering Cable T.V. Limit- ed, PART 2 - SERVICES (Cont'd) UNDERGROUND ELECTRIC DISTRIBUTION, CABLE TELEVISION SERVICE & STREET LIGHTING (Cont'd) (3) The Owner shall pay ~ll costs of installation of street lighting, including poles and other necessary appurtenances for the lighting of all streets and pedestrian walkways on the plan, within Draft Plan lST-YB01q and within Part 2, Plan 40R-7465, and all boundary roads requiring upgraded lighting. (4) The lighting shall be designed and installed in accordance with standards established by the Town and in conformity with the Association of Munici- pal Electrical Utilities Guide to Municipal Standard Construction, (5) The installation of all works provided for in this section shall be con- structed under the .supervision and inspection of Picketing Hydro-Electric Commission and Picketing Cable T.V. Limited, as the case may be. 10. INSPECTION OF WORK (1) Prior to the registration of the plan, the Owner shall pay' to the Town the sum of $770 as an engineering drawing inspection fee. (2) All works required to be constructed by the Owner, except those re- ferred to in section 9, above, shall be installed under the observation of Inspectors employed by the Town and the Owner shall pay the costs incurred therefor within 30 days of invoices being rendered. (3) The costs referred to in necessarily be limited to, and administration f~es. subsection (l), above, may include, but not salaries and wages of Inspectors, testing fees ll. LIABILITY INSURANCE (1) Before commencing any of the work provided for herein, the Owner shall supply the Town with a Liability Insurance Policy in form satisfactory to the Town, indemnifying the Town from any loss arising from claims for damages, injury or otherwise in connection with the work done by or on behalf of the Owner in the plan of subdivision, in Draft Plan 18T-78019, in Parts 1 and 2, Plan 40R-7465 and elsewhere. (2) The amount of the Policy shall be $5,000,000. (3) In the event any renewal premium is not paid, the Town, in order to prevent the lapse of such Liability Insurance Policy, may pay the renewal premium or premiums and the Owner shah pay the cost of such renewal or renewals within 30 days of the account therefor being rendered by the Town. (4) It shall be the responsibility of the Owner to notify the Town of the dates for the renewal of the premium of the said policy and to supply proof that the premium of the said policy has been paid in order that the protection provided by the Liability Insurance Policy shah not lapse. ]2. PEEFORUANCE g t, IAINTENANCE GUARANTEE Before covlmencing the construction, installation or perforr<ance of any of the' vorks provided for herein, the Owner sha]] supply the 7ov, n with ~ ]00°~ perfor~ance and maintenance security ir; a farm .=atisfactory to the Town and in an amount established by the Director of Public Works for the purpose of, PART 2 - SERVICES (Cont'd) 12. PERFORMANCE & MAINTENANCE GUARANTEE (Cont'd) (b) guaranteeing the payment of any amounts payable to the Town under section 11 of this Agreement; (c) guaranteeing the payment of any amount that the Town may be required to pay under the provisions of the Construction Lien Act, 1982, and (d) guaranteeing all works, workmanship and materials for a period of two years from the date that the works are completed and such completion acknowledged, in writing, by the Director of Public Works. (2) The Owner may, from time to time, 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 satis{actorily completed and paid for, the Town Manager may reduce the amount of the security to an amount not less than, (a) thirty-five per cent (35%) of the original value where no certifi- cate or declaration of substantial performance has been made; (b) twenty per cent (20%) 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 he claimed against any holdback required to be retained by the Town have expired or have been satisfied, discharged or provided for by pay- ment into court; and (c) ten per cent (10%) 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; and (iii) all liens that may be claimed against any ho]dback required to be retained by the Town have expired or have been satisfied, discharged or provided for by pay- ment into court; which ten per cent (30%) portion shall secure the guarantee of works, workmanship and materials, until the obligation to guarantee has expired, when the balance of the security shall be returned to the Owner subject to any deductions for rectification of deficiencies. (4) Upon thc approval, if any, of a rcductiorn in the. amounl of lee securi~',' required to be provided in subsection ], the Towr r,~ana?er or the Tov.':'~ Treasurer shall provide to the Owner az~¥ ~ece~ar5' assurance to effec: thc, reduction. PART 2 - SERVICES (ConPd) 13. DRAINAGE - SODDING (1) The Owner shall provide the Town, before commencing any of the work provided for herein and prior to the commencement of the development of the plan of subdivision, Draft Plan 18T-78019 or Parts 1 and 2, Plan 40R-7465, with a Grading Control Plan prepared by the Owner's Consult- ing Engineer, establishing the proposed grading of the lands in the plan, in Draft Plan 18T-78019 and in Parts 1 and 2, Plan 40R-7465 to provide for the proper drainage thereof and the drainage of all adjacent lands which drain through those lands. (2) The Grading Control Plan shall be prepared in accordance with the Town's Lot Drainage Specifications in effect at the date of this Agreement and is subject to the approval of the Director of Public Works, (3) The grading of all lands shall be carried out by the Owner in accordance with the Grading Control Plan, under the supervision of the Owner's Consulting Engineer. (4) If, in the opinion of the Director of Public Works, drainage problems occur prior to formal acceptance by the Town of the works in the plan of subdivision, in Draft Plan 18T-78019, or in Parts 1 and 2, Plan 40R-7465, the Owner shall correct them by re-gra.cling or by the construction of catch basins, swales or Other structures as may be necessary to correct such problems. (5) The Owner shall sod the front, side and rear yards of each of the res- idential lots and blocks except for paved, planted or Steed areas, upon the completion of the construction of buildings thereon. 14. INCOMPLETED OR FAULTY WORK (il If, in the opinion of the Director of Public Works, the Owner is not prosecuting or causing to be prosecuted the work in connection with this Agreement within the specified time, or in order that it may be completed within the specified time, or is improperly performing the work, or shall the Owner neglect or abandon it before the completion, or unreasonably delay the same so that the conditions of this Agreement are being violated or carelessly executed, or in bad faith, or shall the Owner neglect or refuse to renew or again perform such work as may be rejected by the Director of Public Works as defective or unsuitable, or shall the Owner in any other manner, in the opinion of the Director of Public Works, make default in performance of the terms of this Agreement, then in any such case, the said Director of Public Works shall promptly notify the Owner and his surety in writing of such default or neglect and if such notifica- tion be without effect within ten clear days after such notice, then in that case, the Director of Public Works shah thereupon have full authori- ty to purchase such materials, tools and machinery and to employ such workmen as in his opinion shall be required for the proper completion of the said work at the cost and expense of the Owner or his surety, or both. (z) In cases of emergency, in the opinion of the Director of Public Works, such work may be done without prior notice but the Owner shah be forthwith notified. (3) The cosl of such v, ork shall be calcu]aled by the Director of Public l¥orks who>s( decis4on shall be final. (4) ]t is understood and agreed that such costs shall include a management fee of twenty per cent (20~,) of the' labour ar, d material vMue, and ther, a fee of thirty per cent (30t) of t}-,e value for the dislocMion and inconvenience caused to the Town as a result of such default on the part of the Owner, it bein~ hereby declared and a~reed that ihe aFsumin~ PART 2 - SERVICES (Cont'd) 15. DEDICATIONS The Owner shall dedicate Dahlia Crescent as pub]lc highway, upon the registra- tion of the plan. 16. TRANSFERS - LANDS (1) The Owner shall convey to the Town, free and clear of all encumbrances and at no cost to the Town, upon the registration of the plan or within the 30 days immediately following the registration of the plan, the follow- ing lands: (a) Blocks ]9 and 20 (Dahlia Crescent reserves); and (b) Part 2, Plan 40R-7465 (Dahlia Crescent connector). (2) Notwithstanding the provisions of subsection (1), above, a transfer required therein shall not be deemed to be subject to an encumbrance if that encumbrance relates in any way to the existence or maintenance of a public utility in operation as of the date of this Agreement, 17. TRANSFERS - EASEMENTS (1) The Owner shall arrange at no cost to the Town for granting to the Town such easements as the Director of Public Works or his designate shall deem necessary for the provision of storm sewer services both within the boundaries of the plan of subdivision, in Draft Plan 18T-78019, Parts 1 and 2, Plan 40R-7465 and across lands adjacent thereto but outside their boundaries. (2) Such easements shall be subject to the approval of the Director of Public Works or his designate as to their location and width. (3) The construction of any services in such easement or easements referred to in subsection (I) above, shah not commence until the easement has been acquired, unless permission to do so has been obtained by the Owner, in writing, from the Town and from the registered owner of the lands across which the easement shah lie. 18. STREET NAMING The Owner shall name the street "Dahlia Crescent" on the plan. 19. SERVICE CAPACITY This Agreement shall be subject to the Owner entering into satisfactory ar- rangements with the Town and the Regional Municipality of Durham with respect to the allocation of sewage treatment plant capacity and water capacity for the development. 20. GENERAL PROVISIONS - SERVICES The Owner agrees with the Town: (a) Paving of Driveway Approaches To pave all driveway approaches on the plan, on Draft Plan 18T-78019 and on Part 2, Plan 40R-7465, between the curb and sidewalk, or, where r,o sidewalk is to be provided, betv.'~er~ th(' curb a~d thc lot PART 2 - SERVICES (Cont'd) 20. GENERAL PROVISIONS ° SERVICES (Cont'd) (b) Continuation of Existing Services Where the construction of services herein involves a continuation to existing services, to join into the same, including adjustment of grades where necessary, in a good and workmanlike manner. (c) Public Lands - Fill & Debris (i) Neither to dump nor to permit to be dumped, any fill or debris on, nor to remove or permit to be removed, any fill from any public lands, including Ontario Hydro ]ands, other than in the actual construction of roads in the plan of subdivision, in Draft Plan 18T-78019 or in Part 2, Plan 40R-7465, without the written consent of the authority responsible for such ]ands. (ii) On request, to supply the Town with an acknowledgement from such authority of the Owner's compliance with the terms of sub- clause (i), above. (iii) That there shall be no burning of refuse or debris upon its lands or any public lands. (d) Construction Traffic Wherever possible, to ensure that construction traffic serving the devel- opment of the plan, Draft Plan 18T-78019 and Parts 1 and 2, Plan 40R-7465, does not use roads, in this plan or adjacent plans, having occupied residential units fronting thereon. (e)' Qualitative or Quantitative Tests The 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 of any services required by this Agreement, and the cost of such tests shall be paid by the Owner within 30 days of the account being rendered by the Town. (f) Relocation of Services (i) To pay the cost of relocating any existing services and utilities caused by the works within 30 days of the account for same being rendered by the Town. (ii) Similarly to pay the cost o£ moving any services or utilities installed under this Agreement in driveways or so close thereto, in the opinion of the Director of Public Works, as to interfere with the use of the driveway. (g) Specifications Unless otherwise provided, to perform any work required under this Agreement to the specifications of the Town in date hereof. to be done effect at the (h) Temporary Signs To provide and erect at its own cost, to the specifications of the Town, temporary signs of such nature and at such locations as may be designa- ted By the Director of Public Works. (i) Permanent Signs To provide and erect at its own cost, to the specifications of the Town, permanent signs of such nature and at such locations as may be designa- ted by the Director of Public Works. PART 2 - SERVICES (Cont'd) 20. GENERAL PROVISIONS - SERVICES (Cont'd) Engineering Drawings Prior to the final acceptance of the works, to supply the Town with the original drawings of the engineering works, with amendments, if any, noted thereon. (k) Snow Plowing & Sanding of Roads (i) If, in the opinion of the Director of Public Works, the condition of the road surface is not acceptable for winter control, to snow plow and sand such roads from such occupied buildings to exist- ing Town roads or to subdivision roads that receive the Town's winter control service, including alternate means of access where available. (ii) Such snow plowing and sanding shall be done from time to time when the Director of Public Works deems conditions warrant and until such time as the roads are acceptable to the Director of Public Works for winter control. (1) Survey Monuments & Markers Prior to the acceptance of the works by the Town, to supply a statement by an Ontario Land Surveyor that, after the completion of the works, he has found all standard iron bars as shown on the registered plan, and survey monuments at all block corners, the ends of all curves, other than corner roundings and all points of change in direction of streets on the registered plan. J(, PART 3 - CONSTRUCTION - OCCUPANCY OF BUILDINGS CONSTRUCTION & OCCUPANCY OF BUILDINGS (1) 21. No building permit shall be issued for any building or part of a building in the subdivisions until sewer and water facilities are available, and in the opinion of the Director of Public Works, capable of providing adequate service, No building or part of a building in the subdivisions 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: (i) Storm sewer, sanitary sewer and water facilities are installed and in operation to adequately serve such building or part thereof; (ii) Electric service is completed and in operation; (iii) An asphalt base has been laid on the road immediately in front of the building or part thereof and extended to an existing main- tained public road; and (iv) Such curbs, as in the opinion of the Director of Public Works, are required to be completed prior to occupancy have been con- structed on the said road and extend to an existing maintained public road. (4) (a) Should any building or part thereof in the plan of subdivision be occupied without the prior issuance of a municipal occupancy permit, then in that event, the Owner shall pay to the Town the sum of $1,750 for each building or part thereof so occupied, as liquidated damages therefor. (b) The issuance by the Town of municipal occupancy permits for each and every building on any lot or block in the plan of subdi- vision shall be deemed to be a release from the provisions of this subsection with respect to that lot or block. (5) The Owner shall maintain vehicular access to all occupied buildings in the plan of subdivision, in Draft Plan 18T-78019 and in Part 1, Plan 40R~7465, until the roads are formally assumed by the Town. 22. TIME LIMIT FOR CONSTRUCTION (i) The Owner shall construct or cause to be constructed twenty-two housing units, which shall be completed within two years of the date of registra- tion of the plan, In the event that more or less than twenty-two housing units are to be constructed, an amendment to this Agreement shall be required. 23. DESIGN PLANNING (1) (a) The Owner shall, prior to the issuance of any building permit for the construction of any residentia] unit, submit to the Town's Director of Planning, for approval, a report outlining siting and architectural design objectives for the development which approval shall not be unreasonably withheld. (b) This report may be required, at the Director's option, to provide the following information: PART B - CONSTRUCTION & OCCUPANCY OF BUILDINGS (Cont'd) 23. DESIGN PLANNING (Cont'd) house massing; streetscape; exterior materials and co]ours; architectural style; visual variety; (z) (a) (i) (ii) (iii) (iv) (v) (vi) (vii) (b) energy conservation measures; and any other data or information required. The Owner shall, prior to the issuance of any building permit for the construction of a residential unit, submit to the Director, for approval, site plans and architectural drawings which approval shall not be unreasonably withheld. These option, (i) the location of all buildings and structures to be erected and the location of all facilities and works associated therewith; for that unit, plans and drawings may be required, at the Director's to provide the following information: (ii) (iii) (iv) (v) (vi) the location of landscaping features, including trees to be preserved; streetscape for front and rear elevation at a scale accept- able to the Director; streetscape to show all street furniture and vegetation; the relationship of buildings by blocks; and any other data or information required. PART 4 - FINANCIAL MATTERS 24. FINANCIAL PAYMENTS (1) The Owner shall pay to the Town a unit levy in the amount of $1,750 per unit, for each dwelling unit for which a building permit is received. (2) No building permit shall be issued for any dwelling unit unless payment of the unit levy shall have been made in advance of the issuance of such permit with respect to such dwelling unit. (3) Payments of such levies shall he made to the Town from time to time as building permits are required. (4) In any event, the Owner shall pay all levies due under the provisions of this section in full, no later than eighteen months from the date of registration of the plan. (5) A letter from the Clerk of the Town advising that the unit levy has been paid shall be deemed to be a release of this section for the ]ands referred to in the said letter. 25. FINANCIAL SECURITY The Owner shall, immediately prior to the registration of the plan, deposit with the Town, a security payable to the Town, in a form satisfactory to the Town, for the sum of $38,500 as security for: (a) the payments referred to in section 24 hereof; and (b) the payment of liquidated damages referred to in subsection (4) of section 21 hereof. 26. GENERAL PROVISIONS - FINANCIAL MATTERS The Owner agrees with the Town: (a) Taxes To pay the taxes in full on all the lands included in the plan of subdivi- sion and in Parts ] and 2, Plan 40R-7465, as required by ]aw from time to time. (b) Local Improvements Prior to the release of the plan for registration, to prepay any outstand- ing local improvement charges which are levied against any of the lands in the plan of subdivision and in Parts 1 and 2, Plan 40R-7405. (c) Interest To pay interest at the rate of eighteen per cent (184) per annum to the Town on all sums of money payable herein which are not paid on the due dates calculated from such due dates. (d) Registration Fees To pa5, all registration costs incurred by the Town relating in any way to the registration of the plan of subdivision or any other related documen- tation, including transfers, in the Land Titles Office. PART 4 - FINANCIAL MATTERS (Cont'd) 26. GENERAL PROVISIONS - FINANCIAL MATTERS (Cont'd) (e) Lien or Other Claims Upon applying for final acceptance of the works, to supply the Town with a Statutory Declaration that all accounts for work and materials have been paid, except normal guarantee holdbacks, and there are no claims for liens or otherwise in connection with work done or material supplied for or on behalf of the Owner in connection herewith, or if such claims do exist, the Owner shall indemnify the Town against all claims, actions or demands for construction liens or otherwise and all costs in connection therewith. 27. EXPIRY OF SECURITIES (1) Should any security required to be given under the terms of t~is Agree- ment expire during the currency of the Agreement, 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 to the satisfaction of 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 any further security. 28. TERMINATION OF LEVY/OCCUPANCY SECURITY (1) The security required to be deposited with the Town pursuant to the provisions of section 25. above, may only be terminated or cancelled by the Owner after the Municipal Occupancy Permit for the last residential building or part thereof to be constructed in the plan has been issued by the Town. (2) Notwithstanding the provisions of subsection 1, the Owner may, from time to time, apply to the Town Treasurer for a reduction in the amount of the security referred to in subsection l, as Municipal Occupancy Permits are issued. PART S - PARKS & TREES 29. PROVISION OF PARKLAND The Owner shall pay to the Town, prior to the registration of the plan, the sum of $18,865, which sum shall constitute cash-in-lieu of the provision of parkland for the plan affected by this Agreement, and for Part l, Plan 40R-7465, and the Town agrees to accept same in full satisfaction of the Own- er's obligation to convey parkland to the Town. 30. DRAINAGE ONTO OPEN SPACE/PARKLAND (1) The Owner shall ensure that the lands within the plan of subdivision, within Draft Plan 18T-78019 or within Parts ] and 2, Plan 40R-7465 do not drain surface run-off water onto Town owned parkland, open space or walkways. (2) Where this is not possible, the Owner shall install within the park]and, open space or walkways, as the case may be, at a distance no greater than six metres from the property line, suitable swales and catch basins to adequately manage, in the opinion of the Director of Parks and Recre~ etlon, all surface run-off water, draining onto the parkland open space or walkways from those lands. 31. LANDSCAPE PLANNING (i) The Owner shall, prior to the issuance of building permits for any of the units to be erected on the lands in the plan, Draft Plan 18T-78019 and Part 1, Plan 40R-7465, submit a landscaping plan for all of the lots therein to the Town for approval. (2) Upon approval by the Town of a landscaping plan, the Owner shall con- struct, install or plant the landscaping works, as the case may be, in conformance with the landscaping plan according to the time limits set out in Schedule A. 32. TREE PLANTING (1) The Owner shall plant on road allowances within or adjacent to the plan, Draft Plan 18T-78019 and Part 2, Plan 40R-7465, trees of a size, number and type acceptable to the Town. (2) A schedule of the Owner's tree planting scheme shall be approved by the Director of Planning prior to the planting of any trees. (3) A list of acceptable tree species and sizes will be provided. (4) The trees approved by the Town shall be planted by the Owner no more than six months after final grading is done in the specified area. (5) (i) The Owner shall plant one tree per residential unit in the plan, Draft Plan 18T-78019 and in Part 1, Plan 40R-7465. (ii) Where the density is too great to enable this quota to be met, the Owner shall provide $70 for every unit for which a tree cannot be planted for tree p]anting in a public ]and area within the commu- nity in which the p]ans are located. 33. TREE PRESERVATION The Owner sha]] retain, at its own expense, a cB~a]ified expert to prepare a Tre,' Pres~,'x;~t~on ProFram indicating ~?fich e>:~st~n~ trees PART 5 - PARKS & TREES 33. TREE PRESERVATION (Cont'd) (2) The Program shall be submitted to the Director of Planning for his review and approval, and, once approved, shall be implemented as approved only. (3) In determining whether or not to approve the Program, the Director shall be governed by the Town Tree Preservation Guidelines in effect at the date hereof. (4) Until such time as the Program is approved, the Owner shall not com- mence, nor allow to be commenced, any aspect of the development of the lands in the plan, in Draft Plan 18T-78019, nor in Parts 1 and 2, Plan 40R-7465, including the removal of any trees therefrom. (2) 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 Parks and Recreation, damaged 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, diametre and spe- cies determined by the Director; such replacement shall be at no cost to the Town. (6) The Owner's liability under subsection (5), above, shall continue until, (a) where the lands upon which the tree is located comprise a res- idential building lot, twelve months after the completion of the sodding on the lot, or (b) where the lands upon which the tree is located comprise lands other than a residential building lot, the expiry of the guarantee period referred to in section 1 of Schedule A of this Agreement. PART 6 - GENERAL PROVISIONS 34. LICENCE TO ENTER The Owner shall retain a licence from any subsequent purchaser of the lands in the plans, or any part thereof, to enter upon such lands in order to comply with the provisions of this Agreement. 35. CANCELLATION OF AGREEMENT In the event the plans of subdivision are not registered on or before December 31st, 1985, the Town may, at its option on one month's notice to the Owner, declare this Agreement to be null and void. 36. NOTICE Any notice required to be given hereunder may be given by registered mai] addressed to the other Party at its principal place of business and shall be effective as of the second day immediately following the date of the deposit thereof in the Post Office. 37. ENCUMBRANCER This Agreement shall have priority over and take precedence over all of the Encumbrancer's rights or interest, whether or not any such right or interest was established or arose prior to the date hereof and whether or not such right or interest is set out in or arises by virtue of any instrument or document registered on title to the lands affected hereby, or any part of them, prior to the registration of this Agreement. 38. INTERPRETATION (1) Whenever in this Agreement the word "Owner" or "Encumbrancer" or the pronoun "it" is used, it shall be read and construed as "Owner or Own- ers", "Encumbrancer or Encumbrancers" and "his", "her" or "them", respectively, and the number of the verb agreeing therewith shall be construed accordingly. (2) Schedule A attached hereto shall form part of this Agreement. 39. TIME Time shall be of the essence of this Agreement. 40. BINDING PARTIES This Agreement and everything herein contained shah enure to the benefit of and be binding upon the Parties hereto, their successors and assigns. PART 6 - GENERAL PROVISIONS (Cont'd) IN WITNESS WHEREOF, the said Parties have hereunto affixed their Corporate Seals attested to by the hands of their proper officers in that behalf fully authorized. SIGNED, SEALED & DELIVERED PANDORA DEVELOPMENTS INC. THE CORPORATION OF THE TOWN OF PICKERING Mayor Clerk WESTERN CAPITAL TRUST COMPANY SCHEDULE A 1. TIME LIMIT FOR WORK & GUARANTEE FOR WORKMANSHIP & MATERIALS (1) (2) Save as herein otherwise provide,t, the Owner shall complete the works required under this Agreement within the time limits specified in the Table set out below and shall guarantee the workmanship and materials for a period of two years from the date that the said works are approved in writing by the Director of Public Works, the Director of Parks and Recreation, or the Director of Planning, as the case may be. Any works other than that specifically provided for in the Table shall he completed within the time limit provided for therein for aboveground services. Table Works Time Limit for Construction (a) Aboveground Services Two years from the date of the regis- tration of the plan of subdivision (b) Underground Services Two years from the date of the regis- tration of the plan of subdivision 2. TEMPORARY TURNING CIRCLES (1) Notwithstanding the provisions of sections 6, 7 and 8 of this Agreement, the Owner shall construct, at its sole expense and to the Town's speci- fications, a temporary turning circle on Dahlia Crescent immediately north of Block 20. (2) Further, the Owner shall remove, at its sole expense and to the Town's specifications, any temporary turning circle located immediately adjacent to the plan on a public highway to be extended by the Owner into the plan or into Draft Plan 18T-78019, and shall replace any such circle with permanent services as if the highway were a road in the plan or in Draft Plan 18T-78019. DEMOLITION OF EXISTING BUILDINGS All structures on the lands comprising the plan of subdivision shall be demol- ished by the Owner, at its sole expense, prior to the issuance of any building permit. COMPLETION OF SERVICES - PLAN M-1128 (1) The Owner shall complete the aboveground and belo,~,ground services in Plan M-11Z8 in accordance with the Town's approved plans therefor. (2) Upon completion of the works referred to in subsection (1), the Town shall pay to the Owner the Owner's costs thereof, to a maximum amount of $16,000. (3) For the purposes of sections 12 and 14 of this Agreement, the works referred to in subsection (1) shall be deemed not to be, (a) "works provided for herein" (section 12), or (b) "work in connection with this Agreement" (section 14).