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HomeMy WebLinkAboutBy-law 1537/82THE CORPORATION OF THE TOWN OF PICKERING BY-LAW NO. 1537 /82 Being a By-Law to authorize the execution of a Subdivision Agreement between Eagle- brook Corporation and the Corporation of the Town of Pickering respecting Part Lot 24, Concession 2, Pickering (Draft Plan 18T-79051) WHEREAS Eaglebrook Corporation proposes to subdivide and register a plan of subdivision of Part Lot 24, Concession 2, Pickering; and WHEREAS that proposal has been approved by the Council of the Corpora- tion of the Town of Pickering and the Minister of Housing, subject to several conditions, one of which requires the entering into of a satis- factory Subdivision Agreement between Eaglebrook Corporation 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 Agreement, in the form attached hereto as Schedule "A", between Eaglebrook Corporation and the Corporation of the Town of Pickering respecting the subdivision of Part Lot 24, Concession 2, Pickering (Draft Plan 18T-79051). BY-LAW read a first, second and 5th day of July third time and finally passed this , 1982. Schedula "A" to B~,-law 1537/82 THIS AGREEMENT made in quadruplicate this day of · 1982. BETWEEN : EAGLEBROOK CO~ORATION hereinafter called the "Owner" OF THE FIRST PART, and - THE CORPORATION OF THE TO~ OF PICKERING hereinafter called the "Town" OF THE SECOND PART· and - hereinafter called the "Encumbrancers" OF THE THIRD PART. WHEREAS, the Owner proposes to subdivide certain parts of Lot 24, Concession 2, in the Town of Pickering in the Regional Municipality of Durham, and with the consent of the Encumbrancers, to register a plan of subdivision of those lands, as shown on a draft plan of subdivision prepared by Fred Schaeffer and Associates, Inc., Ontario Land Survey- ors, dated April 4th, 1978 and revised November, 1979, and designated as Draft Plan Number 18T-79051; and WHEREAS, the Encumbrancers have certain rights or interests in the nature of encumbrances relating to the lands affected hereby; NOW THEREFORE, THIS AGREEMENT WITNESSETH, that in consideration of the Town approving the said proposed plan of subdivision, and the covenants hereinafter expressed, the Parties hereto covenant and agree one with the other as follows: - 2 PART 1 - PROPERTY DESCRIPTION 1. 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 that part of Lot 24, Concession 2, Pickering, designated as Part 1 on a plan of survey of reference deposited in the Land Titles Office for the Registry Division of Durham (No. 40) as Plan 40R- - 3 - PART 2 - SERVICES 2. OWNER'S GENERAL UNDERTAKING The Owner agrees to complete at its own expense and in a good workmanlike manner, 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 to complete, perform or make payment for such other matters as may be provided for herein. 3. CONSULTING ENGINEERS (1) The Owner agrees to retain a Professional Engineer as the Consulting Engineer of the Owner to carry out all the neces- sary engineering and to supervise generally the work required to be done for the development of the 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 agrees to construct a complete storm system includ- ing storm connections to the street line and catch basin leads to service all the lands in the plan of subdivision and adjacent road allowances and to provide capacity for lands upstream of the plan of subdivision, 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 to maintain them, including clearing any blockages or debris from whatever cause, until they are formally accepted by the Town o (2) Such sewers shall be constructed to an outlet or outlets according to designs approved by the Director of Public Works and shall be of sufficient size and depth and at locations either within or outside the lands affected hereby to service the plan of subdivision and the aforementioned lands outside the plan of subdivision, which in the opinion of the Director of Public Works, will require their use as trunk outlets. (3) Should, in the opinion~of the Director of Public Works, an inadequate stream or structure exist in the outlet system outside the plan of subdivision, the Owner may be required carry out such works as are necessary to provide adequate outlets. to (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. (5) Except in an emergency, no connection under subsection 4 shall be undertaken or authorized prior to preliminary accept- ance of the sewer system by the Town. ROADS - ROUGH GRADE (1) Prior to the installation or construction of the relevant municipal services provided for herein, the Owner agrees to rough grade to the Town's specifications to their full width, - 4 - PART 2 SERVICES (Cont'd) 5. ROADS - ROUGH GRADE (2) (Cont'd) the proposed road allowances shown on the plan of subdivi- sion. The Owner further agrees to keep all boulevards clear and free of materials and obstructions which might interfere with the installation of electric, telephone, gas or other util- ities. 6. ROADS- PAVED (1) The Owner agrees to construct the roads shown on the plan of subdivision according to the specifications for paved roads of the Town in effect at the date hereof including such boundary or approach roads, except Finch Avenue, as may be necessary to provide an adequate access. (2) The specifications for boulevard grading, sidewalks and sod- ding shall apply to existing roads adjacent to the plan of subdivision. (3) The Owner covenants and agrees that, until assumption by the Town, it will maintain and repair roads both within and out- side the plan of subdivision where construction has taken place or that are used by construction traffic entering the plan of subdivision and keep such roads clear of dust, refuse, rubbish or other litter of all types. (4) The Owner will erect and maintain adequate signs to warn all persons using the roads in the plan of subdivision that the maintenance of them has not been assumed by the Town from the time that they are opened until 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. 7. CURBS & GUTTERS (1) The Owner agrees to construct curbs and gutters, (a) on the roads shown on the plan of subdivision, and (b) on the east side of Dixie Road adjacent to the plan of subdivision, according to the specifications of the Town date hereof and to maintain them until they accepted by the Town, in effect at the are formally (2) If any curb depressions are not located correctly with respect to a driveway, the Owner shall construct a curb depression in the correct location and fill in the original curb depression according to the said specifications. SIDEWALKS & BICYCLE PATHS The Owner agrees to construct a sidewalk, (a) on both sides of Maple Ridge Drive; - 5 PART 2 - SERVICES (Cont'd) 8. SIDEWALKS (b) & BICYCLE PATHS (Cont'd) on Cedarcroft Crescent Lots 46-54, inclusive; 62 and 63; and (c) and further agrees path, (d) on the east side of division; and (e) adjacent to Lots Blocks 56 to 60, on the east side of Windgrove Square, all according date hereof by the Town. 13-22, inclusive, inclusive; and Blocks on the north side of Finch Avenue adjacent to subdivision, to the specifications of the Town in and to maintain to construct a combined sidewalk and bicycle Dixie Road adjacent to the plan of sub- the plan of effect at the them until they are formally accepted 9. UNDERGROUND ELECTRIC DISTRIBUTION, CABLE TELEVISION SERVICE & STREET LIGHTING (1) (2) (3) (4) (5) Underground electric distribution shall be provided for all residential lots and blocks within the plan of subdivision according to the standards and specifications of Pickering Hydro-Electric Commission. Cable television services shall be provided for all residen- tial lots and blocks within the plan of subdivision according to the standards of Pickering Cable T.V. Limited. The Owner agrees to pay all costs of installation of street l~ghting, including poles and other necessary appurtenances for the lighting of all streets including boundary roads and pedestrian walkways on the pian. The lighting shall be designed and installed in accordance with standards established by the Town and in conformity with the Association of Municipal Electrical Utilities Guide to Municipal Standard Construction. The installation of all works provided for in this section shall be constructed under the supervision and inspection of Pickering Hydro-Electric Commission and Pickering Cable T.V. Limited, as the case may be. 10. INSPECTION OF WORK (1) Except where otherwise provided in this Agreement, all works required to be constructed by the Owner shall be installed under the observation of Inspectors employed by the Town and the Owner agrees to pay the costs incurred therefor within thirty (30) days of invoices being rendered. (2) The costs referred to in subsection (1) may include, but not necessarily be limited to, salaries and wages of Inspectors, testing fees and administration fees. - 6 PART 2 - SERVICES (Cont'd) 11. 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. (2 The amount of the said Policy shall be $1,000,000. 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 agrees to pay the cost of such renewal or renewals within thirty (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 shall not lapse. 12. PERFORMANCE & MAINTENANCE GUARANTEE (1) Before commencing any of the work provided for herein, the Owner shall supply the Town with a 100% performance and main- tenance security in a form satisfactory to the Town and in an amount established by the Director of Public Works to guaran- tee the satisfactory completion of the works and to guarantee the workmanship and materials for a period of two (2) years from the date that the works are completed and such comple- tion acknowledged, in writing, by the Director of Public Works. (2) Such performance and maintenance security may, of the Owner, be made up of cash, irrevocable credit, bond, or a combination thereof. at the option letter of (3) The Owner may, from time to time, apply for a reduction in the security and such application shall be made to the Town Treasurer. (4) Upon written verification from the Director of Public Works that the services 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 amount not less than ten per cent (10%) of the original value, which ten per cent portion shall apply as the security for maintenance until the obligation to maintain has expired, when the balance of the security shall be returned to the Owner subject to any deductions for maintenance purposes. (5) Upon the approval, if any, of a reduction in the amount of the security required to be provided in subsection (1), the Towm Manager or the Town Treasurer shall provide to the Owmer any necessary assurance to effect the reduction. q PART 2 - SERVICES (Cont'd) 13. DRAINAGE - SODDING The Owner agrees to 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, with a Grading Control Plan prepared by the Owner's Consulting Engineer, establishing the proposed grading of the lands to provide for the proper drainage thereof and the drainage of all adjacent lands which drain through the plan of subdivision. (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 and the Metropolitan Toronto and Region Conservation Authority. (3) The grading of all lands shall be carried out by the Owner in accordance with the Grading Control Plan, under the super- vision of the Owner's Consulting Engineer. (4) If, in the opinion of the Director of Public Works, drainage problems occur prior to formal acceptance of the works in the plan of subdivision by the Town, the O~]er agrees to correct them by re-grading or by the construction of catch basins, swales or other structures as may be necessary to correct such problems. (5) The Owner agrees to sod the front, side and rear yards of each of the lots except for paved, planted or treed areas, upon the completion of the construction of buildings thereon. 14. INCOMPLETED OR FAULTY WORK (1) 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 notification be without effect within ten (10) clear days after such notice, then in that case, the Director of Public Works shall thereupon have full authority 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. (2) In cases of emergency, in the opinion of the Director of Public Works, such work may be done without prior notice but the Owner shall be forthwith notified. (3) The cost of such work shall be calculated by the Director of Public Works whose decision shall be final. PART 2 - SERV1CES (Cont'd) 14. INCOMPLETED OR FAULTY WORK (Cont'd) (4) It is understood and agreed that such costs shall include a management fee of twenty per cent (20%) of the labour and material value, and further, a fee of thirty per cent (30%) of the value for the dislocation and inconvenience caused to the Town as a result of such default on the part of the Owner, it being hereby declared and agreed that the assuming by the Owner of the obligations imposed by this paragraph is one of the considerations, without which the Town would not have executed this Agreement. 15. DEDICATIONS The Owner shall dedicate as public highway, upon the registration of the final plan, or convey, free and clear of all encumbrances, within the thirty (30) days immediately following the registration of the final plan, the lands indicated in Column I of the follow- named in Column II of the ing Table to the respective authority Table: Column I Cedarcroft Crescent Maple Ridge Drive Windgrove Square Table Column II The Corporation of the Town of Pickering The Corporation of the Town of Pickering The Corporation of the Town of Picketing 16. TRANSFERS CONVEYANCES (i) The Owner shall convey no cost to the Grantee, within the thirty (30) istration of the plan, following Table to the II of the Table: Column Blocks (Walkways) I 62 & 63 Block 64 (Widening; Block 65 (Widening; Blocks 66 (Reserves; Block 68 (Reserve; Block 69 (Reserve; free and clear of all encumbrances, at upon the registration of the plan or days immediately following the reg- the lands indicated in Column I of the respective authority named in Column Table Finch Avenue) Dixie Road) & 67 Dixie Road) Windgrove Square) Maple Ridge Drive) Column II The Corporation of the Town of PJckering The Regional Municipality of Durham The Corporation of the Town of Pickering The Corporation of the Town of Pickering The Corporation of the Town of Pickering The Corporation of the Town of Pickering - 9 - PART 2 - SERVICES (Cont'd) 16. TRANSFERS - CONVEYANCES (Cont'd) Table Cont'd) Column I Column II Block 70 (Reserve; Finch Avenue) The Regional Municipality of of Durham (2) Notwithstanding the provisions of subsection (1), 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 and across lands adjacent thereto but outside its boundaries. (2) Such easements shall be subject to the approval of the Direc- tor of Public Works or his designate as to their location and width. (3) The construction of any services in such easement or easements shall 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 shall lie. 18. STREET NAMING The Owner shall name, on the final plan, the streets indicated in Column I of the following Table, with the respective names set out in Column II of the Table: Column I Street A (Draft Plan) Crescent B (Draft Plan) Street upon which Lots & 12 & Block 55 front 11 Table Column II Maple Ridge Drive Cedarcroft Crescent Windgrove Square 19. SERVICE CAPACITY This Agreement shall be subject to the Owner entering into satis- factory arrangements 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. 10 PART 2 - SERVICES (Cont'd) 20. GENERAL PROVISIONS - SERVICES The Owner agrees with the Town: (a) Paving of Driveway__Approaches To pave the driveway approaches between the curb and sidewalk, or, where no sidewalk is to be provided, between the curb and the lot line. (b) Continuation of Existing Services Where the construction of services herein involves a contin- uation to existing services, to join into the same, including adjustment of grades where necessary, in a good and workman- like 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, other than the actual construction of roads in the plan of subdivision with- out the written consent of the authority responsible for such lands. (ii) On request, to supply the Town with an acknowledgement from such authority of the Owner's compliance with the terms of subclause (i). (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 serv- ing the development of this plan 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 quanti- tative 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 thirty (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 subdivision work within thirty (30) days of the account for same being ren- dered by the Town. (ii) Similarly to pay the cost of 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 to be done under this Agreement to the specifications of the Town in effect at the date hereof. - 11 - PART 2 - SERVICES (Cont'd) 20. GENERAL PROVISIONS - SERVICES (Cont'd) (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 designated 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 designated by the Director of Public Works. (j) Engineering Drawing~ Prior to the final acceptance of the subdivision, to supply the Town with the original drawings of the engineering works for the plan of subdivision, with amendments, if any, noted thereon. (k) Snow Plowing & Sanding of Roads 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 existing 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 condi- tions 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 subdivision by the Town, to supply a statement by an Ontario Land Surveyor that, after the completion of the subdivision work, 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. - 12- PART 3 - CONSTRUCTION & OCCUPANCY OF BUILDINGS CONSTRUCTION & OCCUPANCY OF BUILDINGS l) 21. The Owner agrees that no building permit shall be issued for any building or part of a building in the subdivision until sewer and water facilities are available, and in the opinion of the Director of Public Works, capable of providing adequate service. 2) The Owner further agrees that no building or part of a build- ing in the subdivision shall be occupied except upon the issuance of a municipal occupancy permit. 3) It is agreed that no application for a municipal occupancy permit for a building or part of a building shall be made except upon the following conditions: Sewer and water facilities are installed and in opera- tion 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 maintained 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 constructed on the said road and extend to an existing maintained public road. (4) The Owner agrees with the Tovrn that 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 $1,500 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 subdivision shall be deemed to be a release from the provisions of this subsection with respect to that lot or block. (5) The Owner further covenants and agrees to maintain vehicular access to all occupied buildings in the plan of subdivision, until the roads are formally assumed by the Town, and further agrees to obtain similar covenants from any subsequent owner of any of the lands in the said plan. 22. TIME LIMIT FOR CONSTRUCTION The Owner agrees to construct or cause to be constructed, in the plan, one hundred and thirty-two (132) housing units, all of which shall be completed within two (2) years of the date of regis- tration of the plan. 23. DESIGN PLANNING (1) The Owner agrees that, prior to the issuance of any building permit for the construction of any residential unit on the lands, it shall submit to the Town's Director of Planning, for approval, a report outlining siting and architectural design objectives for the subdivision. - 13 - PART 3 - CONSTRUCTION & OCCUPANCY OF BUILDINGS (Cont'd) 23. DESIGN PLANNING (Cont'd) (2) The 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 required. (3) The Owner further agrees that, prior to the issuance of any building permit for the construction of a residential unit to be erected on the lands, it shall submit to the Director, for approval, site plans and architectural drawings for that unit. (4) The 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 and rear elevation 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 required. 14 PART 4 - FINANCIAL MATTERS 24. FINANCIAL PAYMENTS (i) The Owner agrees to pay to the Town a unit levy in the amount of $1,500 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 be 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 (18) 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 lands referred to in the said letter. 25. LETTER OF CREDIT 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 $198,000 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 said plan of subdivision, as required by law from time to time. (b) Local Improvements Prior to the release of the plan for registration, to prepay any outstanding local improvement charges which are levied against any of the lands in the said plan of subdivision. (c) Interest To pay interest at the rate of eighteen per cent (18% 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 pay all registration costs incurred by the Town relating in any way to the registration of the plan of subdivision or any other related documentation, including transfers, in the Land Titles Office. - 15- PART 4 FINAMCIAL MATTERS (Cont'd) 26. GENERAL PROVISIONS - FINANCIAL MATTERS (Cont'd) (e) Lien or Other Claims Upon applying for final acceptance of the subdivision, to supply the Town with a Statutory Declaration that all accounts for work and materials have been paid, except normal guaran- tee holdbacks, and there are no claims for liens or otherwise in connection with such work done or material supplied for or on behalf of the Owner in connection with the subdivision, or if such claims do exist, the Owner agrees to indemnify the Town against all claims, actions or demands for mechanics' liens or otherwise and all costs in connection therewith. 27. EXPIRY OF SECURITIES (1) The Owner further agrees that should any security required to be given under the terms of this Agreement expire during the currency of the Agreement, the Owner shall provide to the Town at least thirty (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 secur- ity 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 termin- ated or cancelled by the Owner after the Municipal Occupancy Permit for the last residential building or part thereof to be constructed on these lands has been issued by the To%~. (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 subsec- tion 1, as Municipal Occupancy Permits are issued. - 16 - PART 5 PARKS & TREES 29. PROVISION OF PARKLAND Prior to the registration of the plan herein, the Owner shall pay to the Town the sum of $80,850, and the Town agrees to accept such payment in lieu of a conveyance of lands for park purposes. 30. FENCING The Owner shall erect, upon the completion of final lot grading and seeding or sodding the lands in the subdivision, (a) a permanent fence of nine (9) gauge, galvanized steel link fencing, having 0.05 metre mesh, 1.8 metres high, (i) along the entire westerly and southerly bound- aries of the subdivision; (ii) along that part of the easterly boundary adjacent to Lots 18, 19, 20, 21, 22 and Blocks 56 and 57, except the northerly 15.5 metres of Lot 18; and (iii) along the northerly and southerly boundaries of each of Blocks 62 and 63; (b> a permanent fence of nine and three quarter (9-3/4) gauge, nine (9) strand, galvanized steel farm fence, 1.22 metres high, having maximum 0.10 x 0.40 metre mesh, (i) along the entire northerly boundary of the sub- division, and (ii along that part of the easterly boundary of the subdivision adjacent to Lots 11, 12, 13, 14, 15, 16 and 17, and Blocks 55 and 69. The fencing required to be constructed pursuant to clause (a) of subsection (1) shall be constructed so as to meet or exceed the requirements for swimming pool enclosures as set out in Part II of the Town's By-Law 425/76, as amended from time to time, or any successor thereto. (3) The Owner shall further erect, at the time the fencing referred to in subsection (1) is erected, vehicle barriers on Blocks 62 and 63; such barriers to be constructed in accordance with specifications therefor and to the satisfaction of the Direc- tor of Public Works. 31. DRAINAGE ONTO OPEN SPACE/PARKLAND (1) The Owner shall ensure that the lands within the subdivision 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 parkland, open space or walkways, as the case may be, at a distance no greater than six (6) metres from the property line, suitable swales and catch basins to adequately manage, in the opinion of the Director of Parks and Recreation, all surface run-off water, draining onto the parkland open space or walkways from the lands within the subdivision. - 17 PART 5 - PARKS & TREES (Cont~d) 32. LANDSCAPE PLANNING (1) The Owner agrees that prior to the issuance of building per- m/ts for any of the units to be erected on the lands, it shall submit a landscaping plan for all of the lots and blocks on the plan to the Town for approval. (2) The Owner further agrees that upon approval by the Town of a landscaping plan, the landscaping works shown on the plan shall be constructed, installed or planted, as the case may be, in conformance with the landscaping plan according to the time limits set out in Schedule "A". 33. TREE PLANTING (1) The Owner shall plant on the lands, 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 (6) months after final grading is done in the specified area. (5) (i) The Owner shall plant at least one (1) tree per resi- dential unit in the subdivision. (ii) Where the density is too great to enable this quota to be met, the Owner shall provide $50 for every unit for which a tree cannot be planted, for tree planting in a public land area within the community in which the plan is located. 34. TREE PRESERVATION (1) The Owner agrees to retain, at its own expense, a qualified expert in order to determine which of the existing trees shall be preserved. (2) The aforementioned qualified expert shall prepare a Tree Preservation Program, which program shall be submitted to the Director of Planning and shall not be put into effect until it has received the approval of the Director of Planning. (3) In determining whether or not to approve the Tree Preserva- tion Program, the Director shall be governed by the Town Tree Preservation Guidelines in effect as a% the date hereof. 18 - PART 6 - GENERAL PROVISIONS 35. LICENCE TO ENTER The Owner agrees with the Town to retain a licence from any sub- sequent purchaser of the aforesaid lands to enter upon such lands in order to comply with the provisions of this Agreement. 36. CANCELLATION OF AGREEMENT In the event the complete plan of subdivision is not registered on or before December 31st, 1982, the Town may, at its option on one month's notice to the Owner, declare this Agreement to be null and void with respect to any unregistered portion of the plan. 37. NOTICE Any notice required to be given hereunder may be given by regis- tered mail 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. 38. ENCUMBR3tNCERS The Encumbrancers agree with the Town that this Agreement shall have priority over and take precedence over any of their rights or interests affected hereby, whether or not any such right or inter- est 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 affec- ted hereby, or any part of them, prior to the registration of this Agreement. 39. INTERPRETATION (1) Whenever in this Agreement the word "Owner" and the pronoun "it" is used, it shall be read and construed as "Owner or Owners" and "his", "her" or "their", respectively, and the number of the verb agreeing therewith shall be construed accordingly. (2) The provisions in Schedules "A", "B", "C" and "D" attached hereto shall form part of this Agreement. 40. TIME Time shall be of the essence of this Agreement. 41. BINDING PARTIES This Agreement and everything herein contained shall enure to the benefit of and be binding upon the Parties hereto, their succes- sors and assigns. 19 - 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 EAGLEBROOK COP~ORATION Per: Per: THE CORPORATION OF THE TOWN OF PICKERING Mayor Clerk SCHEDULE "A" 1. TIME LIMIT FOR WORK & GUARANTEE FOR WORKMANSHIP & MATERIALS (1) (2) Save as herein otherwise provided, the Owner agrees to com- plete the works required under this Agreement within the time limits specified in the Table set out below and to guarantee the workmanship and materials for a period of two (2) 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 be completed within the time limit provided for therein for aboveground services. Table Works Time Limit For Completion (a) Underground Services One year from the date of the registration of the final plan of subdivision (b) Aboveground Services Two years from the date of the registration of the final plan of subdivision PHASING Neither the registration of this plan development of this subdivision shall amendment to this Agreement. nor the construction and be phased without a prior 3. 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 specifications, a temporary turning circle on Windgrove Square immediately south of Block 68, unless, in the sole discretion of the Town's Director of Public Works, the driveway locations for the residential units to be con- structed on Lots 10, 11 and 12 are such that a temporary turning circle is not required. (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, and shall replace any such circle with permanent services as if the highway were a road in the plan. DEMOLITION OF EXISTING BUILDINGS All structures on the lands comprising the plan of subdivision shall be demolished by the Owner, at its sole expense, prior to the issuance of any building permit. SCHEDULE "A" (Cont'd) WALKWAY TREATMENT The Owner agrees to construct a walkway, (a) along Block 62 extending from the sidewalk on Cedarcroft Crescent to the easterly boundary of the plan; and (b) along Block 63 extending from the sidewalk on Cedarcroft Crescent to the sidewalk on Finch Avenue, according to the specifications of the Town and to maintain such walkway until it is formally accepted by the Town. SCHEDULE "B" 1. INDUSTRIAL/COMMERCIAL COMPONENT (1) The Owner shall construct within the Town of Pickering, (a) industrial buildings having a total floor area of not less than 12,262.8 square metres, (b) commercial buildings having a total floor area of not less than 7,867.2 square metres, or (c) a combination of industrial buildings and commercial buildings having a total floor area such that, for each of the residential units to be constructed pursuant to the provisions of section 22(1) of this Agreement, there shall be 92.9 square metres of industrial building or 59.6 square metres of commercial building constructed, and, based on the Town's 40 (industrial) - 60 (residential) and 30 (commercial) - 70 (residential) ratios, the Owner shall be entitled thereby to sufficient credits upon which the residential building unit permits may be issued. (2) The required industrial or commercial buildings shall be com- pleted on or before December 31st, 1986. (3) If, on the 1st day of January in any year from, after and including 1986, the required industrial or commercial build- ings have not been constructed, then commencing in 1987, the Owner shall pay annually to the Town on the 15th day of January in each year, liquidated damages in the amount of $350 for every existing residential unit, or part thereof, for which a residential building unit credit has not been earned. (4) For the purpose of determining the number of residential building unit credits earned as the result of the construc- tion of industrial buildings, commercial buildings, or a combination thereof, the per unit requirements set out in clause (c) of subsection (1) shall be used. (5) The Owner shall leave deposited with the Town, its perform- ance guarantee in the amount of $231,000 to guarantee the satisfactory completion of the required industrial or commer- cial buildings on or before the date set out in subsection (2) and to secure the payment of any liquidated damages that may become payable under subsection (3). (6) The Parties hereby acknowledge that the requirements set out in subsection (1) relate only to the credits necessary to effect the residential development of Lots 1-54, inclusive, and Blocks 56-61, inclusive; should the ultimate development of other blocks be residential, further credits may, at the Town's option, be required. SCHEDULE "C" 1. SPECIAL PROVISIONS REQUIRED BY THE MINISTER OF HOUSING The sections set out in this Schedule represent provisions not affecting the Town but required to be inserted in this Agreement by the conditions of draft approval, dated March 20th, 1980, of Draft Plan 18T-79051 by the Minister of Housing and these sections are not intended to bind the Owner to the Town nor the Town to the Owner in any manner whatsoever and are not to be construed as relating in any way to any of the other provisions of this Agree- ment. METROPOLITAN TORONTO & REGION CONSERVATION AUTHORITY ("M.T.R.C.A.") - ENGINEERING & DRAINAGE REPORT (1) The Owner shall, <2) prior to the final registration of the plan of sub- division, prepare or have prepared a detailed engin- eering and drainage report, acceptable to the Metro- politan Toronto and Region Conservation Authority, describing, (i) the storm water management techniques which will be employed to minimize the amount of storm water directed into Pine Creek; (ii) the development and construction techniques and safeguards which will be used to control and minimize the effects of erosion and siltation on the site prior to, during and after the construc- tion period; and (iii) the means of handling the existing watercourse affecting the north-east corner of the site. (b) carry out, or cause to be carried out, any works rec- ommended in the report referred to in (a) and approved by M.T.R.C.A., and (c) obtain a permit under Ontario Regulation 735/73 prior to initiating the matters referred to in clause (a) (iii), above. The Town shall not be liable for any costs whatsoever of the preparation or evaulation of the report referred to in (1), nor of the carrying out of works resulting therefrom, and the Owner hereby indemnifies the Town in this respect. 3. PEREOP~MANCE & MAINTENANCE GUARANTEE For the purposes of sections 12 and 14 of this Agreement, and without otherwise limiting the generality thereof, the term "work provided for herein" shall be deemed to exclude works required to be carried out pursuant to section 1 of this Schedule unless such works are also required under a section in the Agreement other than section 1 of this Schedule. NOTICE TO PURCHASERS RE BUSING The Owner shall include in any Offer to Sell or Agreement of Purchase and Sale respecting residential units in the plan, notice that, SCHEDULE "C" (Cont'd) NOTICE TO PURCHASERS RE BUSING (Cont'd) {a) although there is a proposed school site within the adjacent development, students from the subject development may have to be transported to existing schools; and (b) construction of a school within the adjacent development is not likely for several years and only then if it can be just- ified to the satisfaction of the Minister of Education. SCHEDi~LE "D" 1. FUTURE CONTRIBUTIONS TO SHARED SERVICE COSTS (1) Within sixty (60) days of the acknowledgement, by the Town's Director of Public Works, of the completion of, (a) storm sewers, as provided for in section 4 of this Agreement; (b) roads, as provided for in sections 5 and 6 of this Agreement; (c) curbs and gutters, as provided for in section 7 of this Agreement; (d) sidewalks, as provided for in section 8 of this Agree- ment; and (e) street lighting, as provided for in section 9 of this Agreement; the Owner's consulting engineer shall provide to the Town, in a form satisfactory to the Town, a detailed summary of the actual cost, to the Owner, of the storm sewers, roads, curbs and gutters, sidewalks and street lighting. (2) within thirty (30) days of the receipt by the Town of the summary referred to in subsection (1), in a form satisfactory to the Town, the Town Manager shall determine and notify the Owner, in writing, of the following: (a) the area of the lands, if any, outside the plan of sub- division that the said works shall be deemed to benefit (the "benefitting lands") for the purposes of this section and the conditions, if any, under which such lands shall continue to be benefitting lands; (b) the portion of the Owner's actual cost, referred to in subsection (1), that the Town shall deem to be applic- able to the benefitting lands (the "shared cost") for the purposes of this section; and (c) the method or methods that shall be employed to pro-rate the shared cost to the benefitting lands, and that determination shall be final. (3) In the event that the benefitting lands, or any part thereof, are to be developed by plan of subdivision, plan of condomin- ium or any other method requiring a Development Agreement, then the Tov.m shall endeavour to ensure that the owner thereof pays to the Owner herein, prior to the development of those lands, all or an appropriate portion of the shared cost, (a) calculated according to the method or methods referred to in subsection (2), and (b) adjusted annually, for a maximum of five (5) years from the date of notification referred to in subsection (2), according to the Southam Construction Cost Index for Ontario, composite portion. (4) In consideration of the Town approving the plan of subdivi- sion and entering into this Agreement with this section included, the Owner hereby, (a) remises, releases and forever discharges, and SCHEDULE "D" (Cont'd) 1. FUTURE CONTRIBUTIONS TO SHARED SERVICE COSTS (Cont'd) (b) agrees to indemnify and save harmless, the Town, its officers and employees and their respective heirs, executors, administrators, successors and assigns, of and from all actions, causes of action, accounts, claims, debts, damages, demands, and costs associated therewith, arising, to arise or which may hereafter be brought against them, or any of them, by or on behalf of the Owner, or any other person, because of the provisions of this section or any error, omission, failure or negligence in the application thereof. 2. PRELIMINARY ESTIMATES (1) Notwithstanding the provisions of subsection 1(1) of this Schedule, the summary referred to therein may be provided to the Town in the form of preliminary estimates prior to the completion of the works in question, but, if such preliminary estimates are provided, a detailed summary of actual cost must be provided in accordance with subsection 1(1) or the Town's obligations under this Schedule shall cease. (2) The provisions of subsections 1(2), 1(3) and 1(4) shall apply to all preliminary estimates provided, mutatis mutandis, but all determinations resulting therefrom shall be subject to confirmation or adjustment, at the Town Manager's sole discre- tion, upon the Owner's consulting engineer providing to the Town the detailed summary of actual coat in accordance with section 1(1).