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HomeMy WebLinkAbout92-121 THE CORPORATION OF THE TOWN OF NEWCASTLE BY-LAW 92-121 being a by-law to authorize the entering into of a Servicing Agreement between Veltri and Sons Corporation and the Corporation of the Town of Newcastle, pursuant to Land Division Applications LD 91/137 to LD 91/140 NOW THEREFORE THE COUNCIL OF THE CORPORATION OF THE TOWN OF NEWCASTLE HEREBY ENACTS AS FOLLOWS: 1. THAT the Mayor and Clerk are hereby authorized to execute on behalf of the Corporation of the Town of Newcastle, and seal with the Corporation's Seal, a Servicing Agreement between Veltri and Sons Corporation and the said Corporation, pursuant to Land Division Applications LD 91/137 to LD 91/140. 2. THAT the Mayor and Clerk are hereby authorized to accept, on behalf of the Town, the said conveyances of lands required pursuant to the aforesaid Agreement. By-law read a first and second time this 27th day of April 1991 By-law read a third time and finally passed this 27th day of April 1992 P~J, 0 (J-~ ACTING MAYOR TO: THE CORPORATION OF THE TOWN OF NEWCASTLE AND TO: SHIBLEY RIGHTON, their Solicitors herein RE: Veltri and Sons Corporation (the "Company") and Mario Veltri Servicing Agreement with the The Corporation of the Town of Newcastle (the "Agreement") CERTIFICATE OF TITLE I, SAM L. CUREA lZ, a Solicitor of the Ontario Court, do certify that: a) The Company and Mario Veltri are the sole owners in fee simple of all land described as being in the Town of Newcastle and the Regional Municipality of Durham and being comprised of part of Lots 23 and 24, Block ~ C.G. Hannings Plan designated as Parts 4 to 12 on plan of survey of record deposited in the Land Registry Office for the Land Registry Division of Whitby (No. 40) (the "Land Registry Office") as Plan 40R-13850 and Parts 1, 2,3 and 4 on Plan 40R-14116 also deposited in the Land Registry Office (the "Lands"); and b) there are no mortgages or other encumbrances on the Lands except as have postponed their interest to the Agreement. This certificate is given by me to The Corporation of the Town of Newcastle for the purpose of having the said Town rely upon it and to act on it in approving and executing the Agreement. DATED at Newcastle this / P day of August, 1992. ~~/ cert.agree "~ A 0.,.,. Province 01 Ontario Transfer/Deed of Land Form 1 - Land Registration Reform Act, 1984 A -'~ (1) Registry 0 (3) Property Identifier(s) Land Titles ag 1(2) Page 1 of Block Property 2 pages Additional: See 0 Schedule ~ Z o uJ en '::c:o ::) ..:, " w (..) ...;:> ~ to- .:a: Q LI- t- O New Propetty IdentifierU a: W o <.) LI- Ln ...... :z- en 0") U") 4-01 0- W (.;) u..t- a:;: 0 ~. u... .........' ,05 i,;.'i ~:: 0) 'Zr lIC::l )~ (4) Consideration (5) Description This is a: Property Division 0 Dollars $ Property Consolidation 0 I c- ..... CO c::;:) i ..""l'~ \1~ ")..J" It', ' J ~ {-, \'{ NIL C'l;JAdditional: C'1)See .. Schedule Part of Parcel Plan 1, Section 40M-1691, in the Town of Newcastle, in the Regional Municipality of Durham, being Par~of Block 18, Plan 40M-1691, designated as Part 3, Plan 40R-14116, and Part 1, Plan 40R-14116. o Executions (6) This Document Contains (a) Redescription New Easement Plan/Sketch Additional: See 0 Schedule ! (b) Schedule for: o ! Description 0 ! Additional Parties 0 Other 0 (7) Interest/Estate Transferred Fee Simple (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 . . . . .. ... ........................... . . . . . . . . . . . . . . . . . . Date of Signature Name(s) . . . . . . . . . . . Si'g~~t~~eis) ;-1;,1 ~ ~. ':" /. .! 1 Y i MiD .Y~~~~~ AND ?9~$ GQ~q~J~9~ ........... ...... .~.~....... .~.. 992. .:OP. L3r. I"\/t,,-,o IJE'J.-TA.', -~Slbe-I\T i i i , " , " , " , " . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .J. . . . . 'I' . . t . . . , " , " , " , " , " , ., . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . J . . . . . .:. . . ; . . . , " , " : I I , " , " I :: ( (9) Spouse(s) of Transferor(s) I hereby consent to this transaction Name(s) Signature(s) Date of Signature Y M D . . . . . . . . . . . ~ l i , : I . . . . . . . . . . . . . . . . . . . . . . . . . .:. . . . . .:. . . 1 . . . . : :: . " , " : :: (10) Transferor(s) Address for Service 68 King Street E., Bowmanville, Ontario L1C 3X2 (11) Transferee(s) D , THE CORPORATION OF THE TOWN OF NEWCASTLE ! I . .. .......... .......... .. ............................ ............... . . ol. . J. . . , ' , ' , ' , , , ' , ' , ' . ~ . ~ . . . . , : , ' , ' , . , ' . . . . .. ..... .......... . . . . . . . . . . . . . . I' . . . J. . . . , ' , . , ' , ' , : Date of Birth Y M (12) Transferee(s) Address for Service 40 Temperance St., Bowmanville, Ontario LIC 3A6 (13) Transferor:(s) The transferor verifies that to the best of the transferor's knowledge and belief. this transfer does not contravene section 49 of the Planning Act. 1983. Date of Signature Date of Signature i Y i MiDi ' i Y i M ! D Signature. . . . . . . . . . . . . . . . . . . . . . . . .:. . . . . .:. . . J . . ., Slgnature...........................1 . . . . . .:. . . .: . . . . 'Sollcltor for Transferor(s) I have explained the effect of section 49 of the Planning Act, 1983 to the transferor and I have made inquiries of the transferor ;i 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 Z and belief, this transfer does not contravene that section. I am an Ontario solicitor in good standing. Date of Signature Q Name and !, Y 1 M, D li: Address of : !! o Solicitor Signature. . . . . . .. ... ...... ., .. . . . . . .., . . ., . . . . I (14) Solicitor for Transferee(s) I have investigated the title to this land and to abutting land where relevant and I am satisfied that the title records reveal no contravention as set out in subclause 49 (21a) (c) (ii) of the Planning Act. 1983 and that to the best of my knowledge and belief this transfer does root contravene section 49 of the Planning Act 1983, I act independently of the solicitor for the transferor(s) and I am an Ontario solicitor in good standing. - .. (J ~ c( ~~~ g'dm .- CD c: Xl 2 El!! a: .!! ~~ c a. Ci5.E'" .!Sls~ ~:~.c: "0 l/) Name and Address of Solicitor Date of Signature Y M D Signature, . . . . . .. . . . . . .. ... (15) Assessment Roll Number of Property (16) Municipal Address of Property n/a : Cty. : Mun.: , , ' , , ' . , ' , , ' , , ' Map : Sub,: Par, , ' I : , ' nla ';' ...J ~ Registration Fee w U) ::) w () LI- LI- o a: o ~ Fees and Tax (17) Document Prepared by: Land Transfer Tax SAM L CUREATZ BARRISTER & SOLIOITOR 21 KING ST. E., SUITE 101 NEWCASTI r: "NT. L1S 1H3 Total Newsome and Gilbert April, 1985 'ro', ~..., r 1";"1 ..,~... (1 '~r:' Amenaea 1""1 rUlt"',,","'" v. . 'G";"U~' n,,,,,,,, "",. IU "I Y u.n."," V' L"v VVII.;)I\.ACI aL~1 . Form 1 - Land Transfer Tax Ac \ Refer 10 all instructions on reverse side. Part of Parcel Plan 1, Section 40M-1691 . IN THE MAITE-R OF THE CONlIEY ~NCE .oF. Jinsert b~'PosrrIPn oflanf/) . '1bN.n O:t I"leWcastie, ReglOnaJ.. M.UIUCl r:..y or Durtlarn bemg Parts o:t .I:llOcK .Ltl, .p.Lan 4UM.-.Lb ~.L designated as Part 3, Plan 40R-14116 and Part 1, Plan 40R-14116 BY (print names of a/ltransferors In full) Veltri and Sons Corporation TO {see Instruction t and print names of all transfe_ln fulQ '!he Corporation of the Town of Newcastle I, (see Instruction 2 and print nam/J(s) in full) Nicholas T. Maces MAKE OATH AND SAY THAT: 1. I am (p'- a clear tnlItIc within the square oppomr. that ana of tlls following paragraphs that deBcrlbes tha capacity of the dBponen/{s)): (see Instruction 2) o (a) A person in trust for whom the land conveyed in the above-described conveyance is being conveyed; o (b) A trustee named in the above-described conveyance to whom the land is being conveyed; o (c) A transferee named in the above-described conveyance; o (d) The authorized ~licitor acting in this transaction for (insert narne(s) of prIncIpaJ(s)) 'Ihe Corror.::ltion Of t'hl'> '.L'cJ!..U'" of Newcastle described in paragraph(s) (a), (b), (c) above; (strike out refel'flllCeS to Inapplicable paragrl(Jhs) o (e) The President, Vice-President, Manager, Secretary, Director, or Treasurer authorized to act for (Insert narne(s) ofcorporatlon(s)) described in paragraph(s) (a). (b). (c) above; (strike out refel'flllCeS to IMPP/icable paragraphs) o (f) A transferee described in paragraph( ) (Insert only ana of paragraph (a), (b) or (c) above, as applicable) and am mak ing this affidavit on my own behalf and 01 behalf of (Insert """"' of spouse) who is my spouse describet in paragraph ( ) (ltIS8rt only ana of paragraph (a), (b) or (c) above, as applicable) and as such, I have personal knowledge of the facts herein deposed to. 2. (To be completed where the value of the consideration for the conveyance exceeds $400,000). I have read and considered the definition of "single family residence" set out in clause 1 (1) (ja) of the Act. The land conveyed in the above-described conveyance o contains at least one and not more than two single family residences. NDfII: Clause 2(1)(dllmposes an additional tax at the rate of one-half of one pe o does not contain a single family residence. cent upon the value of consideration in ex~ of $400,000 where the convey- o contains more than two single family residences. (see instruction 3) ance contains at least one and not more than two single family residences. 3. I have read and considered the definitions of "non-resident corporation" and "non-resident person" set out respectively in clauses 1 (1) (f) and (g) of the Act and each of the following persons to whom or in trust for whom the land is being conveyed in the above-described conveyance is a "non-resident corporation or a "non-resident person" as set out in the Act. (_Instructions of and 5) none 4, THE TOTAL CONSIDERATION FOR THIS TRANSACTION IS ALLOCATED AS FOLLOWS: (a) Monies paid or to be paid in cash . . . . . . , . . . . . . . . . , . . . . . . . . . (b) Mortgages (i) Assumed (shaw principal and Interest to ~ credited against purchas6 price) (ii) Given back to vendor . . . . . . . (c) Property transferred in exchange (etetall ~Iow) ........ . . . . . . , . . . . (d) Secu rities transferred to the value of (cfetall below) . . . . . . . . . . . . . . . . . (e) Liens, legacies, annuities and maintenance charges to which transfer is subject (f) Other valuable consideration subject to land transfer tax (etetall ~Iow) (g) VALUE OF LAND, BUilDING, FIXTURES AND GOODWILL SUBJECT TO LAND TRANSFER TAX (Total offa) to (f)) .................... (h) V ALUE OF ALL CHATTELS - items of tangible personal property (Retail Sales Tax is payable on the vlllue of all challe" unless exempt under $ nil (j) ~;:~;~:~:i~~~~t;:;t~~~~~:n:~~~ ~:~~~~~:ct~ ~)a:;~~~o~~ . $ nil (j) TOTAL CONSIDERATION ...'................... $ 2.00 5. If consideration is nominal, describe relationship between transferor and transferee and state purpose of conveyance. (see instruction 6) %; ~ ; ~ <'l '1'r<'ln~fp-r t11 the Municipality pursuant to a f SeJ:Vi.cinq Aqreenent 6. If the consideration is nominal, is the land subject to any encumbrance? 7. Other remarks and explanations, if necessary. $ 2.00 $ nil $ nil $ nil All Blank $ nil Must Sf $ nil Filltld In, $ nil Insert .Ni $ 2.00 $ 2.00 WlIsre Appllc8b1. Sworn before me at the Ci ty of 'Toronto in the Municipality of M:tropolitan 'Iorcntc this / d- day of ....L tA../1'LL 19 7>-- tf1,~ ~ A Commissioner for tak ing Affidavits, etc, ~. -? ---- Property Information Record A. Describe nature of instrument: Transfer of land B. (j) Address of property being conveyed (ffavaiJable) unkr1aNn signature(s) NiCQo1as T. Maces For Land Registry Office Use Only Registration No. C. (iil Assessment Roll No. (ifavaJ/abIe) not: t=l~~; gned Mailing address(es) for future Notices of Assessment under the Assessment Act for property being conveyed (see instruction 7) 40 'T'PnpPr<'lncp- Street, Bowmanvil1e. Ontc:rio LJC 3r.6 Registration Date I Land Registry Office No D. (j) Registration number for last conveyance of property being conveyed (ff available) (ii) Legal description of property conveyed: Same as in D.(i) above. Yes D E, Name(s) and address(es) of each transferee's solicitor Shibley Righton #1800 - 401 Bav Street 'T'n~rlt"(). Ont1'lrio MSH 2Z1 School Tax Support (Voluntary Election) See reverse for explanation (a) Are all indiVidual transferees Roman Catholic? Yes D No D (b) If Yes, do all individual transferees wish to be Roman Catholic Separate School Supporters? (c) Do all individual transferees have French Language Education Rights? Yes D No D (d) If Yes. do all individual transferees wish to support the French Language School Boatd (where established)? Yes D No D NOTE: As to (c) and (d) the land being transferred wiD be assigned to the French Public School Board or Sector unless otherwise directed in (a) and (b). unknown No D Not known [2g YesD NoD 04490 (90-09 11 ~. ~ ~ Province of Ontario Transfer/Deed of Land Fonn 1 - Land Registration Refonn Act, 1984 A ~ :) I.() M ~ <( ! t ,,,,,. I""" . \\,1/"';':' ,\LU I!;L;::: \ : I, 'f ',.1 (1) Registry [Xl (3) Property Identifier(s) Land Titles 0 T (2) Page 1 of 2 Block Property pages 1 Additional: See D Schedule >- ...J Z o w en ::> w () ii: u.. o New Property Identifiers a: o u.. Lf"') a 0--.. a--. ro rv"", r- (4) Consideration - a:: ..;.;....> -., NIL Dollars $ NIL J Additional: See Schedule (5) Description This is a: Property D Property D Division Consolidation Part of Lots 23 and 24, Block A, C.G. Hanning's Plan of Part of Lot 8, Concession I (formerly Town of Bowmanville), now in the Town of Newcastle, Regional Municipality of Durham, designated as Part 8, Plan 40R-13850. ~ 2: c:::) D Executions Additional: See Schedule D (6) This Document Contains (a) Redescription New Easement Plan/Sketch D (b) Schedule for: Description D Additional Parties D Other 0 (7) Interast/Estate Transferred Fee Simple (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 Name(s) VELTRI AND SONS CORPORATION . . . . . . . . . . . . . . . . . . . . . .~.. ..........~"I / .A' /, D~te of s~natur~ Signature(s) .. ~ :: .. .. .. .. ... ........ ~. ........ ~ . ~ ~?? .J. 9? 13. mllt-AIO \Je-J-"'p'~- :P-.S-s \l>~""T"". i i: < !! i . . . . . . . . . . . . . . . . . . . . . . . ~ . . . . . . . . .. . . . . . ... . . 1 . . . , " , " : :: o " o " , " . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ~ . . . . . 0:' . . I . . . . " : :: : :: o " (9) Spouse(s) of Transferor(s) I hereby consent to this transaction Name(s) Signature(s) Date of Signature Y M D ~ ! . , . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .:. . . . . .:. . . . , o , . , , , , , : ' , . . o r.... (10) Transferor(s) Address for Service 68 King Street E., Bowmanville, Ontario LIC 3X2 (11) Transferee(s) Date of Birth Y M D , I. THE CORPORATION OF THE TOWN OF NEWCASTLE ! i i . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . J . . . . . .:. . . J . . . : :: , " , ,0 , " , " . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 . . . . . .!. . . i . . . . ! !! ! !! . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ... . . . . ... . . j. . . . , " o " , " , " , 0' : :: (12) Transferee(s) Address for Service 40 Temperance Street, Bowmanville, Ontario LIC 3A6 (13) TransferorJs) The transferor verifies that to the best of the transferor's knowledge and belief, this transfer does not contravene section 49 of the Planning Act, 1983. Date of Signature Date of Signature o Y ,M, D; , YoM i D : :::. : :: Signature. . . . . . . . . . . . . . . . . . . . . . . . .:. . . . . .:. . . J . . .: Slgnature...........................I......:... J . . . . Solicitor for Transferor(s) I have explained the effect of section 49 of the Planning Act, 1983 to the transferor and I have made inquiries 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 and belief, this transfer does not contravene that section, I am an Ontario solicitor in good standing. Date of Signature Name and ! Y i M, D Address of S. : i i Solicitor Ignature. . . . . . . . . . . . . . . . . . . . . . . . . . .! . . . . . .:. . . ., . . . . ...J oe( Z o ~ o I _ Ui' (,) ~ oe( >>3l >- a .oiL: c 'Eli I .- G>crJ 2 ee!lJl .!l ~t: c: Q,. u;.E~ .!!5~ ~:~.c (5 (/) (14) Solicitor for Transferee(s) I have investigated the title to this land and to abutting land where relevant and I am satisfied that the title records reveal no contravention as set out in subclause 49 (21a) (c) (ii) of the Planning Act, 1983 and that to the best of my knowledge and belief this transfer does not contravene section 49 of the Planning Act 1983. I act independently of the solicitor for the transferor(s) and I am an Ontario solicitor in good standing. Name and Address of Solicitor Date of Signature Y M D , , , Signature.. . . . . . . . . . . . . . . . . . . . . . . . . . I nla lIT >- ...J Z Registration Fee o w en => w () ii: u. o a: o I~ Fees and Tax (15) Assessment Roll Number of Property (16) Municipal AddreBB of Property Cty, i Mun, Map : Sub, : , ' o 0 , ' , ' , , Par, (17) Document Prepared by: Land Transfer Tax nla lAM L CUREATZ BARRISTER & SOLICITOR 21 KING ST. E., SUITE 101 NEWCASTLE,ONT. L1B 1H3 Total Newsome and Gilbert Form LF1327 0/85) April, 1985 J-\111UdVll UI ne::>IUelll;e eHlU 01 value OJ lne L;onSlaerano Form 1 - Land Transfer Tax A( Ref~ to,p/l instructions on reverse side. Part lots 23 & 24 Block A C G Hanning I S ,IN THE MATTER OF THE CONVEYANCE OF (ms,ertbr/el..fJescrWlionof/and) fiai Muni . ld't . [D 1 ; ,Plan of Part of lot 8, Concess~on .L , 'l'aVIl of Newcastle, .Heg~o c~p ~ y U UL lcUll desiqnated as Part 8, Plan 40R-13850 Veltri and Sons Corporation Amended 1991 BY (print names 01 all translerars in lull) 'Ihe Corporation of the TcMn of Newcastle TO (S8f1 instruction 1 and print nalllfls 01 all transler68S in lull) I. (S8f1 instruction 2 and print nam6(s) in lutt) Nicholas T. Maces MAKE OATH AND SAY THAT: 1, I am (place a clear marl< within the square opposite that one of the following paragraphs that describes the capaCity of the deponent(s)): (S8f1 instruction 2) o (a) A person in trust for whom the land conveyed in the above.described conveyance is being conveyed; o (b) A trustee named in the above.described conveyance to whom the land is being conveyed. o Ic) A transferee named in the above.described conveyance; o (d) The authorized ~olicitor acting in this transaction for (insert name(s) of prineipal(s)) '!he Corror.::ltion nf thP 'Th.vn of Newcastle described in paragraph(s) (a). (b). (c) above; (strike out references to inapplicable paragraphs) o Ie) The Pr~;dent, V ice"President, Manager. Secretary. Director, or Treasurer author ized to act for (inSBrt name(s) 01 corporation(s)) described in paragraph(s) (a). (b), (c) above; (strike out references to in3PP/icable paragraphs) o (f) A transferee described in paragraph( ) (insert only one of paragraph (a), (b) or (c) above, asapp/icable) and am making this affidavit on my own behalf and or behalf of (insert nalllfl of spouse) who is my spouse describec in paragraph ( ) (inSflrt only one of paragraph (a), (b) or (c) above. as applicable) and as such. I have personal knowledge of the facts herein deposed to. 2, (To be completBd where the value of the consideration for the conveyance exceeds $4()(),ooo). I have read and considered the definition of "single fam ily residence" set out in clause 1 (,) (ja) of the Act, The land conveyed in the above-described conveyance o contains at least one and not more than:two single family residences, Note: Clause 2( 1)(dl imposes an additional tax at the rate of one-half of one per o does not contain a single family residence. cent upon the value of consideration in excess of $400,000 where the convey- o contains more than two single family residences, (S8f1 instruction 3) ance contains at least one and not more than two single family residences. 3, I have read and considered the definitions of "non.resident corporation" and "non-resident person" set out respectively in clauses 1 (1) (f) and (g) of the Act and each of the following persons to whom or in trust for whom the land is being conveyed in the above-described conveyance is a "non.resident corporation' or a "non-resident person" as set out in the Act, (S68 instructions 4 and 5) none 4, THE TOTAL CONSIDERATION FOR THIS TRANSACTION IS ALLOCATED AS FOLLOWS: (a) Monies paid or to be paid in cash (b) Mortgages (il Assumed (shc;w principal and interest to be credited against purchase price) (ii) Given back to vendor . (c) Property transferred in exchange (detail below) ,. (d) Securities transferred to the value of (detail below) Ie) Liens, legacies, annuities and maintenance charges to wi1ich transfer is subject (f) Other valuable consideration subject to land transfer tax (detail below) $ 2.00 $ nil $ nil $ nil $ nil $ nil $ nil All Blank5 Must Be Filled In. (g) VALUE OF LAND, BUILDING, FIXTURES AND GOODWILL SUBJECT TO LAND TRANSFER TAX (Tota/of(a) to (f)) . . , . . , . . , . , , , . . , $ 2.00 $ 2.00 (h!VALUE OF ALL CHATTELS. items of tangible personal property (Retail Sales Tax is payable on the value of all chattels unless exempt under nil the provisions of the "Retail Sales Tax Act", R.S,O, 1980, c,454, as amended) . , . $ (i) Other consideration for transaction not included in (g) or (h) above $ nil (j) TOTAL CONSIDERATION $ 2. 00 5. If consideration is nominal, describe relationship between transferor and transferee and state purpos~ of .conve';.a~ce. (S8f1 instruction 6) "f1h;!=: ;!=: a 'T'ram:;fp-r to th€'o Municipality pursuant to a ServJ..CJ.ng Bg~nt 6, If the consideration is nominal. is the land subject to any encumbrance7 7, Other remarks and explanations, if necessary, Insert "Ni/" Where Applicable, Sworn before me at the City of 'Toronto in the Municipali ty of Metropolitan 'Torcntc. '";~~~: A Commissioner for tak ing Affidavits, etc, #7 .-/ /--; ~.F ' ~ Prop erty Information Record For Land Registry Office Use Only Describe nature of instrument: Transfer of land Registration No. W Address of property being conveyed (if available) unknavn (ii) Assessment Roll No, (if available) not- i"1!=:!=:ignfrl Mailing address(es) for future Notices of Assessment under the Assessment Act for property being conveyed (see instruction 7) 40 'T'P~ran~p. Street, BaNmanvi11e, Registration Date Land Registry OHice No, Ontc:rio T.le 3~6 (i) Registration number for last conve ance of ro ert bein co nve ed if available unknavn signatura(s) Nicl:}olas T. Macos A, B. C. D. y p p y g (ii) Legal description of property conveyed Same as in D,(i) above, E, Name(s) and address(es) of each transferee's solicitor Shibley Righton #1800 - 401 Bay Street 'T'nrr.r1tnr Ont-.ario MSH 2z1 School Tax Support (Voluntary Election) See reverse for explanation (a) Are all IndiVidual transferees Roman Catholic? Yes D No D (b) II Yes. do all IndiVidual transferees w,sh to be Roman Catholic Separate School Supporters? Ie) Do an IndiVidual transferees have French Language Education Rights? YesD No D (d) If Yes, do all Individual Iransferees wish 10 support the French Language School Board (where established)? Yes D No D NOTE: As to (c) and (d) the land being transferred will be assigned to the French Public School Board or Sector unless otherwise directed in (a) and (b). y ( ~ YesD NoD Not known 29 YesD NoD 04490 (90'()9) 1 ~ Province of Ontario Transfer/Deed of Land "t,.", Fonn 1 - Land Registration Refonn Act, 1984 A ,,'..... #' (1) Registry [KI (3) Property Identifier(s) Land Titles 0 T(2) Page 1 of 2 Block Property pages ) q- c:::::> 0' a-.. CO 1""', ton fW"\ Q <( Additional: See 0 Schedule f 0~:; \0 i;~ :;: I 1 ;;,,: 1 , .~.:; 1 ":, \ (4) Consideration NIL (5) Description This is a: Property 0 Division Dollars $ NIL Property Consolidation 0 Additional: See Schedule Part of Lots 23 and 24, Block A, C.G. Hanning's Plan of Part of Lot 8, Concesseion 1, (formerly Town of Bowmanville) now in the Town of Newcastle, Regional Municipality of Durham, designated as Part 3, Plan 40R-14228. o Executions (6) This (a) Redescription Document New Easement Contains Plan/Sketch Additional: See 0 Schedule i (b) Schedule for: o 1 Description 0 Additional Parties 0 Other 0 (7) InterasVEstate Transferred Fee Simple (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 Name(s) VELTRI AND SONS CORPORATION Date of Signature . . . . . . . . . Sig~~t~r~i~~L' . .~ . ~/ A' ~ . . . "1 Y : M 0 ........... ....~~~...i.199~..!Op. 3. M~IlID U~L,lli- ~JllC-S fb~Ti i , ' , ' , : . . . . . . . . . . . . . . . . . . . . . . . " . . . . . . . . oJ. . . . . "I' . . , , , , , , , , , , , , , , . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1. . . . . '" .. .,. , , , , , , , , , , , , , , (9) Spouse(s) of Transferor(s) I hereby consent to this transaction Name(s) Signature(s) Date of Signature Y M 0 , , , , , , , , . . . . . ':' . . 1 . . . . : : : : (10) Transferor(s) Address for Service (11) Transferee(s) 68 King Street E., Bowmanville, Ontario LIC 3X2 Date of Birth Y M 0 THE CORPORATION OF THE TOWN OF NEWCASTLE . . . . . . . . . . . . . . . . . . . . . . . .. ........... ........ 1 : : : . . . . . "I" . . J. . . , ' , ' , ' , ' , ' , ' , ' .. ... :. . " ~ . . . . , ' , ' , ' , ' , ' , ' . . . . .:. ~ . . . . , ' , . , ' . ' , ' , ' (12) Transferee(s) Address for Service 40 Temperance Street, Bowmanville, Ontario LIC 3A6 (13) Transfero~(s) The transferor verifies that to the best of the transferor's knowledge and belief, this transfer does not contravene section 49 of the Planning Act, 1983. Date of Signature Date of Signature Y M D ,Y M 0 ! !! j " t !! Signature. . . . . . . . . . . . . . . . . . . . . . . . .:. . . . . .:. . . ~ . . .: Signature...........................! . . . . . .:. . . J . . . Solicitor for Transferor(s) I have explained the effect of section 49 of the Planning Act, 1983 to the transferor and I have made inquiries of the transferor ...J 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 ~ and belief, this transfer does not contravene that section. I am an Ontario solicitor in good standing. Date of Signature o Name and i Y i M, 0 ~ Address of S' : : i o Solicitor Ignature.. ... . . . . . .! . . . .:. ., . . . . I - .. u - < ~~~ g' d~ .- C1>C81 2 E~&l .!V !': c: Q.. U5.2"= .~o~ ~ai.c: '5 en (14) Solicitor for Transferee(s) I have i~vestigated the title to this..land and to a~utting land where relevant and I am satisfied that the title r~or~s reveal no contravention as set out In subclause 49 (21a) (c) (II) of the Planning Act, 1983 and that to the best of my knowledge and belief thiS transfer does not contravene section 49 of the Planning Act 1983. I act independently of the solicitor for the transferor(s) and I am an Ontario solicitor in good standing. Name and Address of Solicitor Date of Signature Y M D , Signature. . . . . " ., .. "..... I (15) Assessment Roll Number ::,: Cty, of Property (16) Municipal Address of Property Mun, Map : Sub, : , , , , , ' , , , ' Par, nla ,~ Fees and Tax ...J ~ Registration Fee ~ land Transfer Tax ::l w () u: u. o a: ::2 Total [II (17) Document Prepared by: nla SAM L. CUREATZ BARRISTER & SOLICITOR 21 KING ST. E., SUITE 101 NEWCASTLE,ONT. L1B 1H3 Newsome and Gilbert April, 1985 C"............ T T."1 .,"'.., ! 1 lOr"' I Villi I - LCUIU Ildll::;It::1 I ~L Refer to all instructions on reverse side. f 23 24 lock A G ., IN THE MATTER OF THE CONVEYANCE OF (insertbriefdescriptionolland) Part 0 lots & , B , C. . Hanning :: _t.J~J.an of Part of lot 8. Concession 1. 'I'cMn of :N=wcastie. Regional Municipali tv of Durham . - designated as Part 3 on Plan 40R-14228 BY (print names of aff transferors in fuff) Veltri and Sons Corporation , ,.. '!he Corporation of the 'I'cMn of Newcastle TO (SH instruction t and print names of BlltransferaBs in full) I. (SH instruction 2 and print naml1(s) in fuff) Nicholas T. Maces MAKE OATH AND SAY THAT: 1, I a m (place a clear mati< witllin t/79 square opposite tllat one of tile following paragraphs tllat describes tile cspscity of /tie deponent(s)),' (see instruction 2) o (a) A person in trust for whom the land conveyed in the above-described conveyance is being conveyed; o (b) A trustee named in the above-described conveyance to whom the land is being conveyed, o (Cl A transferee named in the above-described conveyance; o (d) The authorized ~olicitor acting in this transaction for (inSBrt naml1(s) of principal(s)) '!he Corroration of t-hl'> ~ of Newcastle described in paragraph(s) (a). (b). (c) above; (strike out references to inapplicable paragraplls) o (e) The President. V ice-President. Manager. Secretary. Director. or Treasurer authorized to act for (insert naml1(s) of corporalion(s)) described in paragraph(s) (al. (b). (c) above; (strike out references to imlpplicable paragraphs) o If) A transferee described in paragraph( ) (insert only one of paragrapll (a), (b) or (c) above. BS applicable) and am mak ing this affidavit on my own behalf and on behalf of (insert name of spouse) who is my spouse described in paragraph ( ) (inSBrt only one of paragraph (a). (b) or (c) above. as applicable) and as such. I have personal knowledge of the facts herein deposed to, 2, (To be completBd where the value of the consideration for the conveyance exceeds $400,000). I have read and considered the definition of "single fam ily residence" set out in clause 1 (1) (ja) of the Act. The land conveyed in the above-described conveyance o contains at least one and not more than two single family residences_ No&!: Clause 2( 1 lid) imposes an additional tax at the rate of one-half of one per o does not contain a single family residence, cent upon the value of consideration in excess of $400,000 where the convey- o contains more than two single family residences, (see instruction 3) ance contains at least one and not more than two single family residences. 3. I have read and considered the definitions of "non-resident corporation" and "non-resident person" set out respectively in clauses 1 (1) If) and (g) of the Act and each of the following persons to whom or in trust for whom the land is being conveyed in the above-described conveyance is a "non-resident corporation" or a "non-resident person" as set out in the Act, (SH Instructions 4 and 5) none 4, THE TOTAL CONSIDERATION FOR THIS TRANSACTION IS ALLOCATED AS FOLLOWS: $ 2.00 $ nil $ nil $ nil $ nil $ nil $ nil (a) Monies paid or to be paid in cash (b) Mortgages (i) Assumed (sllaw principal and interest to be credited against purcllase price) (ii) Given back to vendor .... _.. Ic) Property transferred in exchange (detail below) .. (d) Securities transferred to the value of (detail below) (e) liens, legacies. annuities and maintenance charges to wtlich transfer is subject (f) Other valuable consideration subject to land transfer tax (detail below) All Blanks Must Be Filled In, Insert "Nil" (g) VALUE OF LAND, BUilDING, FIXTURES AND GOODWilL SUBJECT TO LAND TRANSFE R TAX (Totaloffa) to (f)) , . . . . . . (h) VALUE OF All CHATTELS - items of tangible personal property (Retail Sales Tax is payable on IlIe vBlue of all chattels unless exempt under tile provisions of tlls "Retail Sales Tax Act", R.S,O. 1980. c,454. as amended) . . . (i) Other consideration for transaction not included in (g) or (h) above $ 2.00 $ 2.00 $ nil $ nil $ 2.00 W/79re Applicable, (j) TOTAL CONSIDERATION 5. If consideration is nominal. describe relationship between transferor and transferee and state purpose of conveyance. ISH instruction 6) '"!'hi!': i!': ri 'T'rrin!':fer to thE- Mlmicipali1;y pursuant to a Servicinq ~t 6. If the consideration is nominal. is the land subject to any encumbrance? 7. Other remarks and explanations, if necessary, Sworn before me at the City of 'Toronto in the Municipality of lvEtropolitan 'Torcntc. ,,;, d ~ d,,,f / -=- un" 19 'Y;;J- AC~f k' Af'fj~'~ ommlSSloner or ta mg Idavlts. etc, /0.'7-~ signaturB(s) Nicholas T. Macos For Land Registry Office Use Only ! Registration No. Registration Date I Land Registry Office No Property Information Record A. Describe nature of instrument: Transfer of Land B. (i) Address of property being conveyed (if available) unknown (ii) Assessment Roll No, (if available) not cI!':signP-d C, Mailing address(es) for future Notices of Assessment under the Assessment Act for property being conveyed (see instruction 7) 40 'T'E=>T"pPrancp- Street, I3cMrnanvi11e, Ontfrio L'C 3Z\6 D, (i) Registration number for last conveyance of property being conveyed (if available) (iillegal description of property conveyed Same as in D.li) above, Yes 0 E. Name(s) and address(es) of each transferee's solicitor Shibley Righton #1800 - 401 Bay Street 'Thrr.rd-:(), Ont-Brio MSH 2Z1 School Tax Support (Voluntary Election) See reverse for explanation (a) Are all IndiVidual transferees Roman Catholic? Yes 0 No 0 Ib) If Yes do al! Individual transferees Wish to be Roman CatholiC Separate School Supporters? (cl Do al: :nd'vldual transferees have French Language Education Rights? YesO No 0 (d) If Yes, do all individual transferees Wish to support the French Language School Board (where established)? Yes D No 0 NOTE: As to (c) and (d) the land being transferred will be assigned to the French Public School Board or Sector unless otherwise directed in (a) and (b). unknown No 0 Not known Q9 YesO NoD 04490 (90-09) - p- ~ ~:,::' . Transfer/Deed of Land Fonn 1 - Land Registration Refonn Act. 1984 A (1) Registry lX1 (3) Property Identifier(s) Land Titles 0 1(2) Page 1 of 3 Block Property pages } f'r) c::> 0'"' 0'"' cD r-r, '~ i ~- llI'I 1;; t\.J e~ II) M ~ <t Additional: See 0 Schedule - I ~l~~::,'i r.;; L',',: '. .' ,."" ~~;~~~ ::~:: I" (r' ,,' t' ... \ \ , , t '.\ \ .... i (4) Consideration Dollars $ r- (5) Description This is a: Property Division 0 Property Consolidation 0 z ~ Additional: See Schedule Parts of Lots 23 and 24, Block A, C. G. Hanning's Plan of Part of Lot 8, Concession 1 (formerly Town of Bowmanville), now in the Town of Newcastle, Regional Municipality of Durham, designated as Parts 1 and 2, Plan 40R-14228. ~ - o Executions Additional: See 0 Schedule (6) This (a) Redescription (b) Schedule for: Document New Easement Contains Plan/Sketch 0 Description 0 Additional Parties 0 Other 00 (7) Interest/Estate Transferred Fee Simple EASEMENT (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 . . . . .. ................................. ........ .......... Name(s) y~~~~~ AND SONS 99~q~~~~~ Date of Signature ............. Sign.'"~~ ~.L~~<iq: j; rw\ tr A., 0 U &;' .... 'T""1l. , - -:r A.. e-s ,be:-n r- i :: , : , " , " . .. ........... . . . , . . . . . . . . oJ. . . . . "I' . . f . . . , " , " , , , " , " , " . . . . . .. .......................:.... .:. : . . . , " , " : :: , " , " , " . . . . . . . . . . . . . . . (9) Spouse{s) of Transferor(s) I hereby consent to this transaction Name(s) Signature(s) Date of Signature Y M 0 ! :: , ,. . . .!. . . .:. . . ~ , " I :: , " , " (10) Transferor(s) Address for Service 68 King Street E., Bowmanville, Ontario L1C 3X2 (11) Transferee(s) Date of Birth Y M 0 THE CORPORATION OF THE TOWN OF NEWCASTLE : 1: : I: . . . . . . . . . . . . . . . . . . . . . . . . . .. ................. .. ~ . . . . . .!. . . 1 . . . ! ! 1 : !! . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ~ . . . . . .:. . . { . . . . : 1: , " : !! . . . . . . . . . . . . . . . . . . . . . .. ................... 1 . . . . . '!' . . : . . . . : :: I :: (12) Transferee(s) Address for Service 40 Temperance Street, Bowmanville, Ontario L1C 3A6 (13) TransferorJs) The transferor verifies that to the best of the transferor's knowledge and belief, this transfer does not contravene section 49 of the Planning Act, 1983. Date of Signature Date of Signature Y MO, Y M 0 : ::: : :!, I :: I Signature I : Signature. . . . . . . . . . . . . . . . . . . . . . . . .:. . . . . .!. . . , . . . : . . . . . . . . . . . . . . . . . . . . . . . . . . .: . . . . . .'. . . . . . . . 'Sollcltor for Transferor(s) I have explained the effect of section 49 of the Planning Act. 1983 to the transferor and I have made inquiries of the transferor ..J 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 ~ and belief, this transfer does not contravene that section. I am an Ontario solicitor in good standing. Date of Signature Q Name and ! Y i M, 0 to- f I I I & ~~~~~ 0 Signature. . . . . . .. .. . . . . . . .. ...:. .!. . . .i . . . . I (j ~ c( ~e~ .~ ~~i 2 El!~ J! ~t c D. Ci5.E= .~g~ :i:y-'= "0 (/) (14) Solicitor for Transferee(s) I have investigated the title to this land and to abutting land where relevant and I am satisfied that the title records reveal no contravention as set out in subclause 49 (21a) (c) (ii) of the Planning Act. 1983 and that to the best of my knowledge and belief this transfer does not contravene section 49 of the Planning Act 1983. I act independently of the solicitor for the transferor(s) and I am an Ontario solicitor in good standing. Name and Address of Solicitor Date of Signature Y M 0 Signature. . . . . . . . . . . . . . . .. .... nla SAM L CUREATZ BARRISTER & SOLICITOR 21 KING ST. E., SUITE 101 NEWCASTLE. ONT. L1B 1" m >- ..J Z Registration Fee o w (/) ::> w () u: u. o EX: o ~ Fees and Tax (15) Assessment Roll Number Cty, Mun. Map i Sub,: Par, : of Property i i : nl a , ' , (16) Municipal Address of Property (17) Document Prepared by: Land Transfer Tax Total Newsome and Gilbert April, 1985 t<'........... T T;'" "l"'"' ,. 'O~' I' ~ Province of ""'0. Ontario Schedule s Fonn 5 - Land Registration Refonn Act, 1984 Page 2 AddttlOnal Property ldentlfler(s) and/or Other Information ADDITIONAL COVENANTS The Transferor hereby transfers to the Transferee, its successors and assigns, the free, uninterrupted and unobstructed right and easement to construct, operate and maintain such tempp~ar~ turning circle together with any and all appurtenances, facilities and works (the "Works") as may be required from time to time in, across, under and through the lands more particularly described in Box 5 hereof (the "Lands"). TOGETHER with the right of the"Transferee, it successors and assigns and its and their servants, agents, contractors and workmen with all necessary materials, equipment, machinery and vehicles to enter upon the Lands and any adjoining lands of the Transferor as may be reasonab1w necessary, at all times and to pass and repass thereon for the purposes of: a) installing, constructing, reconstructing, examining, altering, repairing, renewing or replacing and maintaining the Works or any part thereof whether or not any part to be so sonstructed, ~lled, repaired, renewed, altered, replaced or maintained is situate on the Lands; and b) the temporary storage of snow. TO HAVE AND TO HOLD the said easement or right in the namure of an easement on, in, across, under and through the Lands unto the Transferee, it successors and assigns and the general public for its and their solp. and only use in accordance with an Agreement made between the Transferor and the Transferee registered as Instrument No. ])-~9u~ . AND the Transferor: a) covenants that it will not erect any buildings or structure, place or remove any fill on any part of the Lands or cause or permit any person to interfere in any way directly or indirectly with the Works or in any way derogate from the easement hereby tr~erred; b) hereby releases the Transferee from any and every claim which may or might arise out of the exercise by the Transferee of any of the rights hereby granted or which may arise out of the existence, operation, construction, reconstruction examination, repair, renewal, replacement and maintenance of the Works; c) covenants with the Transferee that it has the right to convey the said rights and easements to the Transferee, notwithstanding any act of the Transferor; d) covenants with the Transferee that it will execute such further assurances of the said rights and easements as may be required by the Transferree; and e) releases to the Transferee all claims upon the interest hereby transferred. AND the Transferee shall have quiet possession of the said easement or right in the nature of an easement. free from all encumbrances and restrictions, save as mentioned herein. ~ ~ w Q~ LLZ LLO Ow a:CJ) f2=> Newsome and Gilbert, Limited Ami\. 1985 Affidavit of Residence and of Value of the Considerarfl, Form 1 - Land Transfer Tax AI Refer to all instructions on reverse side. Part f Lots 23 24 Bl ck A C G Hanni' , IN THE MATTER OF THE CONVEYANCE OF (inS8rtbrlefdescriptionofland) 0 . & , 0 ,.. ng s ,Plan of Part. of Lot 8, Concession 1, Town of Newcastle, Reqional Municipality of Durham . aesiqnated as Parts I and 2 on Plan 40R-14228 BY (prinr names of all rransferors in full) Veltri and Sons Corporation Amended 1991 '!he Corporation of the Town of Newcastle TO {see instruction 1 and print names of all transferees in fulQ I. (see Instruction 2 and print name(s) In full) Nicholas T. Maces MAKE OATH AND SAY THAT: 1. I am (plaCfl a Clear marl< within the aquare opposite thet one at the following paragraphs that describes the capacity of the deponent(s)): (see Instruction 2) o (a) A person in trust for whom the land conveyed in the above-described conveyance is being conveyed; o Ib) A trustee named in the above-described conveyance to whom the land is being conveyed; o Ic) A transferee named in the above-described conveyance; o (d) The authorized ~Iicitor acting in this transaction for (Insert name{s) of principal(s)) '!he Co:q-orati on Of thE' 'J"o\,.lJ'l of Newcastle described in paragraph(s) (a), Ib), (c) above; (strike out IfIferences to Inapplicable paragraphs) o Ie) The President, Vice-President, Manager, Secretary, Director, or Treasurer authorized to act for (Insert name{s) of COIprX8flon(s)) described in paragraph(s) (a), Ib), (c) above; (strike out references to In:Jpp/lcable paragraphs) o (f) A transferee described in paragraph( ) (InS8rt only one of paragraph (a), (b) or (c) above, as apptlcabltl) and am mak ing this affidavit on my own behalf and 0 behalf of (Insert name of spouse) who is my spouse describe in paragraph I ) (Insert only one of paragraph (a), (b) or (c) above, as appJlcable) and as such, I have personal knowledge of the facts herein deposed to. 2. (To be completed where the value of the consideration for the conveyance exceeds $400,000). I have read and considered the definition of "single family residence" set out in clause 1(1) (ja) of the Act. The land conveyed in the above-described conveyance I o contains at least one and not more than two single family residences. ND": Clause 2(1)(d) imposes an additional tax at the rate of one-half of one pe o does not contain a single family residence. cent upon the value of consideration in excess of $400,000 where the convey- o contains more than two single family residences. (see instruction 3) ance contains at least one and not more than two single family residences, 3. I have read and considered the definitions of "non.resident corporation" and "non-resident person" set out respectively in clauses 1 (1) (f) and (g) of the Act and each of the following persons to whom or in trust for whom the land is being conveyed in the above-described conveyance is a "non-resident corporation or a "non-resident person" as set out in the Act. (see Instructions 4 and 5) none 4. THE TOTAL CONSIDERATION FOR THIS TRANSACTION IS ALLOCATED AS FOLLOWS: (a) Monies paid or to be paid in cash . . . . '. .........,'..,'.... (b) Mortgages (i) Assumed (shaw principal and Interest to be credited against purchase price) (ii) Given back to vendor . . . . . . . (c) Property transferred in exchange (detail below) ......., . . . . . . . . . . . (d) Securities transferred to the value of (detail below) , , . . . . . . . . . . . . . , . (e) Liens, legacies. annuities and maintenance charges to which transfer is subject (f) Other valuable consideration subject to land transfer tax (detail below) $ 2.00 $ nil $ nil $ nil $ nil $ nil $ nil AIIBlanA Must BE Filled In Insert "Ni (g) VALUE OF LAND, BUILDING, FIXTURES AND GOODWILL SUBJECT TO LAND TRANSFER TAX (Totalof(a)to(f)) .................... (h) VALUE OF ALL CHATTELS - items of tangible personal property (Retail Sales Tax Is payable on the value of all chattels unless exempt under the provisions of the "Retail Sales Tax Act", R.S.O. 1980, c,454, as amended) . . . . $ (i) Other consideration for transaction not included in (g) or (h) above $ (j) TOTAL CONSIDERATION ....................... $ 5. If consideration is nominal, describe relationship between transferor and transferee and state purpose of conveyance. (SHlnstruction 6) %;!=: ;!=: a 'l'ran!=:fF!r Tn thE' Mlmicipali ty pursuant to a Servicing AgreeIrent $ 2.00 $ 2.00 Where Applicabl. nil nil 2.00 6. If the consideration is nominal, is the land subject to any encumbrance? 7. Other remarks and explanations, if necessary. Sworn before me at the City of 'Toronto in the Municipality of r-Etropolitan 'Iorcntc thi'~~ A Commissioner for tak ing Affidavits, etc, ~, Z- ~~ s1gnature(s) Nicbolas T' Macos . Property Information Record For Land Registry Office Use Only A. Describe nature of instrument: Transfer of land Registration No. B. (i) Address of property being conveyed (If available) unkna.m (ii) Assessment Roll No. (If available) not: oE'!=:!=:; gned C. Mailing address{es) for future Notices of Assessment under the Assessment Act for property being conveyed (see instruction 7) 40 'T'Pn1p=>rance Street, BaNrnanvi11e, Registration Date Land Registry Office No Ont~rio r.Je 3r.6 D, (i) Re istration number for last conve ance of ro erty bein co nveyed If available unkna.m ( ~ YesD NoD Not known gg gyp p g (ii) Legal description of property conveyed: Same as in D.(i) above, E. Name(s) and address(es) of each transferee's solicitor Shibley Righton #1800 - 40l Bay Street 'T'nr0.r,t-n r Ont-Flr; 0 MSH 2z1 School Tax Support (Voluntary Election) See reverse for explanation (a) Are all Individual transferees Roman Catholic? YesD No D (b) If Yes, do all individual transferees wish to be Roman Catholic Separate School Supporters? (c) Do all Individual transferees have French Language Education Rights? YesD No D (d) If Yes. do all individual transferees wish to support the French Language School Board (where established)? YesD No D NOTE: As to (c) and (d) the land being transferred will be assigned to the French Public School Board or Sector unless otherwise directed in (a) and (b). YesD NoD 04490 (90'()9 ,. ~ Province ~V~of ~ Ontario Document General Form 4 - Land Registration Reform Act, 1984 Form No. 985 o (1) Registry ~ (3) Property I dentlfier( s) Land TItles 0 I (2) Page 1 of '-11 pages Block Property Additional: See 0 Schedule (4) Nature of Document >-N ~e O~ ~~ ~OS:) () I~~ u:: LL o a: o LL % ~;,~ f'. ,..~ t;.; I" t!:~l, M 9 <J: I I \ ,("",,' , ,., '\;i '\ ';., '\ 1'" I \ " ~ '., I h",..l \" Dollars $ ,.".~ Servicing Agreement (5) Consideration \i q r- 1'-1:;:: __ [';; ::;::0:: ('t, ;;;...~ ':';: (6) Description .:::; Part of Lots 23 and 24, Block A, ca. Hanning's Plan in the Town of Newcastle, in the Regional Municipality of Durham, designated as Parts 4 to 12 inclusive on Plan 40R- 13850 Gi;i t) C:-;' ! t...! 62: New Property Identifiers Additional: See 0 Schedule Executions Additional: See Schedule o (7) This Document Contains: (a) Redescription New Easement Plan/Sketch o (b) Schedule for: Description 0 Additional Parties 0 Other ~ (8) This Document provides as follows: Continued on Schedule D I (9) This Document relates to Instrument number(s) (10) Party(ies) (Set out Status or Interest) Name(s) . .~l:I~ ~Q~OMr~ON .of. TH~ .TOWN . . . . . . . . OF NEWCASTLE by it solicitors '. SHIBLEY.RIGHTON.per. Nicholas. ., ... .... T. Macos Signature(s) Date of Signature Y M 0 "'0. 7~ ~ 11992 lOG i 16 . . . . . " . . . . . . . . . . . . . . . . . . . . . . . . . . . I. . . . . I . . .,. . . Nicholas T. Macos i: i , , : .: . . . . . " . . . . . . . . . . . . . . . . . . . . . . . . . . . ! . . . . . ; . . 0:' . . . , , : , I :: . . . . . . . . . . . 0 . . . . 0 . 0 0 . 0 . . . 0 0 . : . . . . . : . 0 oj' 0 . , " , " , " , " , " (11) Address for Service 40 Temperance Street, Bowmanville, Ontario LIe 3A6 (12) Party(ies) (Set out Status or Interest) Name(s) Signature(s) Date of Signature Y M 0 " .. 0.0. .. . . 0.0..... . . . . . . , , , , , . . 0 . . . . . . . . . . 0 . . 0 . 0 . . . . . . 0 . 0 . . . . ." . . . . . , , , , , , , . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . r . . . ., .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . r . . . .. .. . . . .VELTRI AND SONS CORPORATION. . . . VELTRI, Mario . . . .. .... '" .. .... . . .. .. .,. " .. \. (14) Municipal Address of Property (13) Address for Service (15) Document Prepared by: not assigned Shibley Righton Barristers & Solicitors Suite 1800 401 Bay Street Toronto, Ontario M5H 2Z1 Attn: Nicholas T. Macos ~ Fees and Tax ...J ~ Registration Fee w en ::l w () u:: LL o a: ~ Total UI 10174 (12/84) , y ~ THIS AGREEMENT made as of this 21st day of April, 1992. BE1WEEN: THE CORPORATION OF THE TOWN OF NEWCASTLE - and - VELTRI AND SONS CORPORATION and MARIO VELTRI SERVICING AGREEMENT Page 2 ,c- " ARTICLE 1.1 1.2 ARTICLE 2.1 2.2 2.3 2.4 2.5 2.6 2.7 2.8 2.9 2.10 2.11 2.12 2.13 2.14 2.15 ARTICLE 3.1 3.2 3.3 3.4 3.5 3.6 3.7 3.8 3.9 3.10 3.11 3.12 3.13 3.14 3.15 3.16 INDEX 1 - INTERPRETATION AND SCHEDULES Definitions Schedules . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ........... ........ ... ........ .... ........ 2 - GENERAL ..... . Recitals in Operative Part of Agreement Certification of Ownership Not Used ............................................ ........ ............. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Transfer of Easements Transfer of Lands . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Registration of Transfers Not Used ............................................ Charge on Lands ...................................... Registration of Agreement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Not Used ............................................ ................ ....... ........... . ............. ............ ..... Town to Act Promptly Assignment of Agreement Not Used ............................................ Notification of Owner Successors ... ............ ....... ..... ...... ............ ........ .... ..... ... ..... ........ ..... ...... ........... .. .......... ............ ....... ..... ....... 3 - FINANCIAL. . . ..... ........... ...... ...... ..... ..... Payment of Taxes ................ Payment of Local Improvement Charges Payment of Drainage Charges ........ .... ......... ............. ..... ........... Development Charge . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Not Used .......... .... ........ .... ........ ... ....... Performance Guarantee Required Use of Performance Guarantee Indemnification of Town Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Maintenance Guarantee Required Use of Maintenance Guarantee ............................ Requirements for Release of Performance Guarantee ............ Requirements for Release of Maintenance Guarantee ............ Payment of Town's Costs ............. .... ...... ... ........... ...... ........... ....... ...... ....... .... ...... ... ... ........ ........ .... ..... .... Unpaid Monies . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . Not Used ............................................ . Page 3 7 7 9 10 10 10 10 10 11 11 12 12 12 12 12 12 12 12 13 13 13 13 13 13 14 14 14 14 15 15 16 16 17 17 17 18 ARTICLE 4.1 4.2 4.3 4.4 4.5 4.6 4.7 4.8 4.9 4.10 4.11 4.12 ARTICLE 5.1 5.2 5.3 5.4 5.5 5.6 5.7 5.8 5.9 5.10 5.11 5.12 5.13 5.14 5.15 5.16 5.17 5.18 5.19 5.20 5.21 5.22 5.23 5.24 5.25 5.26 5.27 4 - PLANNING ........ Not Used ... Not Used Not Used Not Used ... Not Used Not Used .............. Not Used ...... Not Used ... Not Used Not Used Not Used ............... Not Used ......... . . . . . . . . . . . . . . . . . . . . . . . . ..... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ....... ........ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ...... . . . . . . . . . . . . . . . . . . . . . . . . . . . ...... . . . . . . . 5 - PUBLIC WORKS Town Works Required Utilities and Services Required ... Owner's Engineer Design of Works . . Approval of Engineering Drawings . . . . Approval of Grading and Drainage Plan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Not Used ................ . . . . . . . Approval of Schedule of Works ....... Approval of Works Cost Estimates. Requirements for Authorization to Commence Works . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............ Not Used ............... . . . . . . . . . . . . . . . . . . . . . . . Inspection and Stop Work Construction in Accordance with Engineering Drawings Sequence of Construction of Works ......... Completion Time for Construction of Works .. Minor Additional Work. . . . . . . . . . . . . . . . . . . . . ..... ..... . . . . . . . . . . . . . . . . . . . . . . . . Incomplete or Faulty Works and Liens Entry for Emergency Repairs Damage to Existing Services Damage to Neighbouring Wells Use of Works by Town ...... Maintenance of Roads after Completion Requirements for Certificate of Completion Requirements for Certificate of Acceptance Ownership of Works by Town ....... Requirements for Certificate of Release Not Used . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Page 4 18 18 18 18 18 18 18 18 18 18 18 18 18 . . 18 18 19 19 19 20 20 20 20 21 21 22 22 23 23 23 23 24 25 25 26 27 28 28 29 29 29 30 . . . . . Page 5 5.28 Not Used ............................................ 30 5.29 Cost of Works Referred to in Schedule "G" . . . . . . . . . . . . . . . . . . .. 30 ARTICLE 6 - COMPLIANCE WITH REGULATIONS ................... 31 ARTICLE 7 - RESPONSIBILITY OF SUBSEQUENT OWNERS.......... 31 ARTICLE 8 - TIME OF ESSENCE ................................ 31 ARTICLE 9 - AUTHORITY TO MAKE AGREEMENT ................ 32 SCHEDULES TO AGREEMENT Schedule "G" Schedule "H" Schedule "I" Schedule "J" Schedule "K" Schedule "L" Schedule "M" Schedule "N" Schedule "0" Schedule "P" Schedule "P-l" Schedule "Q" Schedule "R" Schedule "S" Schedule "T" Schedule "U" Schedule "V" Schedule "W" Schedule "Y" "Legal Description of the Lands" Not Used Not Used "Charges Against the Lands" Not Used "Transfers of Easements" "Lands to be Transferred to Town and/or Cash to be Paid in Lieu Thereof" "Works Required" "Utilities and Services Required" "Duties of Owner's Engineer" "Works Cost Estimates" "Insurance Required" "Regulations for Construction" Not Used Not Used Not Used Not Used Not Used Not Used "Engineering and Inspection Fees" Not Used Not Used Not Used Not Used Not Used Not Used Schedule "A" Schedule "A-I" Schedule "B" Schedule "C" Schedule "D" Schedule "E" Schedule "F" Page 6 THIS AGREEMENT made as of this 21st day of April, 1992. BETWEEN: THE CORPORATION OF THE TOWN OF NEWCASTLE (hereinafter called the "Town") OF THE FIRST PART - and - VELTRI AND SONS CORPORATION and MARIO VELTRI (hereinafter called the "Owner") OF THE SECOND PART WHEREAS A The lands owned by the Owner which are affected by this Agreement are described in Schedule "A" hereto (the "Lands"). By Decisions LD137/91 to LD140/91, inclusive, and LD345/91, pursuant to section 53 of the Planning Act, R.S.O. 1990 c.P.13 the Region of Durham Land Division Committee consented to the severance of the Lands conditional among other things on the Owner satisfying the Town financially and otherwise. The Town has required the Owner to make this Agreement in partial satisfaction of the aforesaid condition. B The Owner represents and warrants that it is the registered Owner of the Lands in fee simple absolute. C The Owner represents and warrants that it has or will enter into an Agreement with the appropriate Public Utilities Commission or other authority or company having jurisdiction in the area of the said Lands for the design and installation of the utilities and services referred to in Schedule "R" and hereinafter called the "Utilities and Services". D The Town and the Owner hereby recognize and agree that the purpose of this Agreement is to state the covenants of both parties with respect to the design and subsequent construction of a roadway, storm sewer and associated works within the said Lands. E This Agreement is made pursuant to section 53 of the Planning Act. It is authorized by By-law 92-121 passed on 21st day of April, 1992. NOW THEREFORE WITNESSETH THAT in consideration of the premises and the covenants hereinafter expressed, and the sum of two ($2.00) dollars of lawful money of Canada, now paid by each Party to the others (the receipt whereof by each Party is hereby acknowledged), the Parties hereto covenant and agree to and with each other as follows: Page 7 ARTICLE 1- INTERPRETATION AND SCHEDULES ............. 1.1 Definitions (1) In this Agreement the term: (a) "Applicant" means an individual, an association, a partnership or corporation who applies for the necessary building permits for the lots or blocks covered by this Agreement. (b) "Authorization to Commence Works" has the meaning assigned to it in paragraph 5.10 of this Agreement. (c) "Certificate of Acceptance" has the meaning assigned to it in paragraph 5.24 of this Agreement. (d) "Certificate of Completion" has the meaning assigned to it in paragraph 5.23 of this Agreement. (e) "Certificate of Release" has the meaning assigned to it in paragraph 5.26 of this Agreement. (f) "Cost of Works" referred to in Schedule "G" has the meaning assigned to it in paragraph 5.29 of this Agreement. (g) "Council" means the Council of The Corporation of the Town of Newcastle. (h) "Damaged Services" has the meaning assigned to it in paragraph 5.19 of this Agreement. (i) "Director" or "Director of Public Works" means the Director of Public Works of the Town or his designated representative. G) "Engineering Drawings" has the meaning assigned to it in paragraph 5.5. of this Agreement. (k) "Grading and Drainage Plan" has the meaning assigned to it in paragraph 5.6 of this Agreement. (1) "Hydrogeologist" has the meaning assigned to it in paragraph 5.20(1) of this Agreement. Page 8 (m) "Land Registry Office" has the meaning assigned to it in Schedule "A" of this Agreement. '~ (n) "Lands" has the meaning assigned to it in Recital A of this Agreement. (0) "Maintenance Guarantee" has the meaning assigned to it in paragraph 3.10(1) of this Agreement. (P) "Monitoring Program" has the meaning assigned to it in paragraph 5.20(1) of this Agreement. (q) , "Owner" means the Party of the Second Part to this Agreement, its successors and assigns and when used to refer to a successor or assignee of such Party, or to another person, an owner includes an individual, an association, a partnership or a corporation, (r) "Owner's Engineer" means a professional Civil Engineer, registered by the Association of Professional Engineers of Ontario. (s) "Performance Guarantee" has the meaning assigned to it in paragraph 3.6 of this Agreement. (t) "Reapproved Engineering Drawings" has the meaning assigned to it in paragraph 5.5 of this Agreement. (u) "Reapproved Grading and Drainage Plan" has the meaning assigned to it in paragraph 5.6 of this Agreement. (v) "Schedule of Works" has the meaning assigned to it in paragraph 5.8 of this Agreement. (w) "Security for the Maintenance Guarantee" has the meaning assigned to it in paragraph 3.10(2) of this Agreement. (x) "Solicitor" means the Solicitor for the Town. (y) "Storm Sewer Work" has the meaning assigned to it in Schedule "G" of this Agreement. (z) "Town" means The Corporation of The Town of Newcastle or any official, designated by Council to administer the terms of this Agreement. Page 9 (aa) ''Treasurer'' means the Treasurer of the Town of Newcastle or his designated representative. (ab) ''Utilities and Services" means the utilities and services referred to in Schedule "H" of this Agreement. (ac) "Works" has the meaning assigned to it in paragraph 5.1 of this Agreement. (ad) "Works Cost Estimates" has the meaning assigned to it in paragraph 5.9 of this Agreement. (ae) "Works to be Relocated" has the meaning assigned to it in paragraph 5.28 of this Agreement. (2) Whether or not it so provides explicitly, every provision of this Agreement by which the Owner is required to undertake any action shall be deemed to include the words "at the cost of the Owner". (3) Unless the context otherwise requires when used in this Agreement, the singular includes the plural and the masculine includes the feminine. 1.2 Schedules The following Schedules which are attached hereto, together with all provisions therein, are hereby made a part of this Agreement as fully and for all purposes as would be the case if they were set out in the text of this Agreement as covenants and agreements: Schedule "G" Schedule "H" Schedule "I" "Legal Description of the Lands" Not Used Not Used "Charges Against the Lands" Not Used ''Transfers of Easements" "Lands to be Transferred to Town and/or Cash to be Paid in Ueu Thereof' "Works Required" "Utilities and Services Required" "Duties of Owner's Engineer" "Works Cost Estimates" "Insurance Required" "Regulations for Construction" Not Used Schedule "A" Schedule "A-l" Schedule "B" Schedule "e' Schedule "0" Schedule "E" Schedule "F' Schedule ")" Schedule "K" Schedule "L" Schedule "M" . , Page 10 Schedule "N" Schedule "0" Schedule "P" Schedule "P.1" Schedule "Q" Schedule "R" Schedule "S" Schedule 'T' Schedule "u" Schedule "V' Schedule "W' Schedule "Y" Not Used Not Used Not Used Not Used Not Used "Engineering and Inspection Fees" Not Used Not Used Not Used Not Used Not Used Not Used ARTICLE 2. GENERAL 2.1 Recitals in Operative Part of A~ment The Owner represents and warrants to the Town that each of Recitals A to C of this Agreement is correct. 2.2 Certification of Ownership (1) On the date of execution of this Agreement, the Owner shall provide the Town with a letter signed by an Ontario Solicitor and addressed to the Town certifying as to the title of the Lands and setting out the names of all persons having interests in the Lands and the nature of their interests. (2) On the date of execution of this Agreement, the Owner shall provide the Town with a letter signed by an Ontario Solicitor and addressed to the Town certifying as to the title of any land outside the limits of the Lands which is to be conveyed to the Town or in which easements are to be transferred to the Town pursuant to the terms of this Agreement. 2.3 Not Used 2.4 Transfer of Easements (1) On the execution of this Agreement, the Owner, at its cost, shall deliver to the Town the executed transfers of easements which are set out in Schedule "E" and shall pay to the Town in cash or by certified cheque the amount which is equal to any tax, fee or cost payable at the time of or in respect of the registration of such transfers against the title to the lands to which they apply. Such transfers shall be free and , - Page 11 clear of all encumbrances and restrictions shall be made for a nominal consideration, snall contain provisions satisfactory to the Town's Solicitor, and shall be in registerable form. (2) Subsequent to the date as of which this Agreement is made, if in the opinion of the Director further easement(s) in any portion of the Lands or other lands owned by the Owner are required to be transferred to the Town, the Region of Durham, the Newcastle Hydro-Electric Commission or other appropriate authority or company for Town purposes, Region of Durham purposes or for Utilities and Services, as the case may be, or for drainage purposes, the Owner agrees to transfer to the Town, the Region of Durham, the Newcastle Hydro-Electric Commission or other appropriate authority or company, as the case may be, such further easement(s) forthwith after a written request to do so is given to it by the Director. Notwithstanding the foregoing, the Director shall not request such further easement(s), if its creation would prevent the erection of a building on the Lands, the plans and drawings for which have been approved by the Town pursuant to Section 40 of the Planning Act, 1983. If further easements are requested to be transferred to the Town, the Region of Durham, the Newcastle Hydro-Electric Commission, or other appropriate authority or company, as the case may be, the provisions of paragraph 2.4(1) shall apply with all necessary changes to it being considered to have been made to give effect to the intent of this paragraph 2.4(2). 2.5 Transfer of Lands On the execution of this Agreement, the Owner shall deliver to the Town executed transfers, sufficient to vest in the Town title in fee simple absolute free and clear of all encumbrances and restrictions, of the lands set out in paragraph 1 of Schedule "Ft hereto and shall pay to the Town in cash or by certified cheque an amount of money which is equal to any tax, fee, or cost payable at the time of or in respect of the registration of such transfers against the title to the lands to which they apply. All transfers referred to in this paragraph 2.5 shall contain provisions to the satisfaction of the Town's Solicitor, shall be made for a nominal consideration, and shall be in a registerable form. 2.6 Relistration of Transfers The transfers of easements and lands referred to in paragraphs 2.4 and 2.5 shall be prepared by the Owner and shall be registered at the Owner's expense, at the same time as the Plan is registered. If such transfers are of or in respect of lot(s) or block(s) which are to be defined on the final Plan of Subdivision of the Lands when the Plan is approved and registered against title, the registered number of the Plan shall be left blank and the Owner hereby authorizes the Town to insert such Plan number after registration of the Plan. Page 12 2.7 Not Used 2.8 Chal'le on Lands The Owner hereby charges all its interest in the Lands with the obligations set out in this Agreement. 2.9 Re~stration of A&reement The Owner hereby consents to the registration of this Agreement or a notice thereof against the title to the Lands. The Owner will not register, permit or suffer any person to register any instrument after the date as of which this Agreement is made against the title to the Lands unless this Agreement and any transfers or other documents required to be furnished hereunder have first been registered against the title to the Lands. 2.10 Not Used 2.11 Town to Act Promptly Wherever the Town, the Town's Solicitor, the Town's Treasurer or any Town Director is required to take action pursuant to this Agreement, or is required to make a decision or render an opinion, or give confirmation or give authorization, permission or approval, then such action, decision, confirmation, authorization, permission or approval shall be made promptly in all respects and the Town and its officials shall act reasonably. 2.12 Assipment of A&reement The Owner shall not assign this Agreement without prior written consent of the Town. For greater certainty, any assignment which is made contrary to this paragraph 2.12 does not relieve a subsequent Owner of the Lands of any of his obligations under this Agreement. 2.13 Not Used 2.14 Notification of Owner H any notice or other document is required to be or may be given by the Town or by any official of the Town to the Owner under this Agreement, such notice shall be transmitted by telefax or mailed by first class prepaid post or delivered to: The Owner: Veltri and Sons Corporation 68 King Street East Bowmanville, Ontario Lie.;A2, Page 13 or such other telefax number or address of which the Owner has notified the Town in writing. Any such notice so telefaxed or delivered shall be deemed good and sufficient notice under the terms of this Agreement and shall be effective from the date which it is so telefaxed or delivered. Any such notice so mailed shall be deemed good and official notice under the terms of the Agreement and shall be effective five (5) days from the date on which it is so mailed. 2.15 Successors This Agreement shall enure to the benefit of and be binding on the Parties hereto, and their respective successors and assigns. ARTICLE 3. FINANCIAL 3.1 Payment of Taxes Prior to the date of execution of this Agreement, the Owner shall pay all municipal taxes outstanding against the Lands, as set out in Schedule "e' hereto. In addition, the Owner shall pay any municipal taxes which may become due in respect of the whole or any one or more portions of the Lands after the date of execution of this Agreement in accordance with the law. 3.2 Payment of Local Improvement Charees Prior to the execution of this Agreement, the Owner shall pay all charges with respect to local improvements assessed against the said Lands as set out in Schedule "C" hereto. Such charges shall include the Town's share of any local improvements which serve the said Lands and shall include the commuted value of such charges including charges falling due after the date of the execution of this Agreement. 3.3 Payment of Drainaee Charees Prior to the execution of this Agreement, the Owner shall pay all drainage charges assessed under the Drainage Act, R.S.O. 190, c.D.I?, and the Tile Drainage Act, R.S.O. 1990, c.T.8 against the Lands, as set out in Schedule "C" hereto, including the commuted value of such charges falling due after the date of execution of this Agreement. 3.4 Development Charee The Owner represents and warrants to the Town that the Works referred to in this Agreement comprise local services installed at the expense of the Owner as a condition of approval under section 53 of the Planning Act, R.S.O. 1990 c.P.13. Page 14 3.5 Not Used 3.6 Performance Guarantee Required Prior to the date of issuance of any Authorization to Commence Work, the Owner shall deposit with the Town, cash or an irrevocable and unconditional letter of credit issued by a bank listed in Schedule "A" or "B" of the Bank Act, acceptable to the Town's Treasurer, and containing terms satisfactory to the Town's Treasurer. The deposit shall be in the amount which is required to secure to the Town the performance by the Owner of its covenants contained in this Agreement to construct and install the Works. Such cash deposit or letter of credit shall be in an amount equal to the "Works Cost Estimates" (as hereafter defined) for the construction and installation of the Works which either are the subject of an Authorization to Commence Work or with respect to which an Authorization Application has been made by the Owner. (The cash deposit(s) or letter(s) of credit which is (are) to be deposited by the Owner pursuant to this paragraph 3.6 is called the "Performance Guarantee".) 3.7 Use of Performance Guarantee From time to time the Town may appropriate the whole or anyone or more portions of the Performance Guarantee up to an amount(s) determined by the Director, which in aggregate shall not exceed the amount(s) required to remedy the Owner's default at the date of the appropriation. Forthwith after making each such appropriation, the Director shall give the Owner written notice thereof and the Owner shall forthwith reinstate the Performance Guarantee to the full amount(s) required by this Agreement. 3.8 Indemnification of Town (1) The Owner shall defend, indemnify and save the Town harmless from and against all actions, claims, liabilities, losses, damages and expenses including reasonable legal fees which arise by reason of or are caused in whole or in part by the making and/or the implementation of this Agreement, the design, construction, installation and/or " use of the Works provided for in this Agreement. (2) Except with respect to the use of the Works the Owner shall continue to indemnify and save harmless the Town as provided in paragraph 3.8(1) notwithstanding the issuance of a Certificate of Release to the Owner and notwithstanding any arrangements that may be made by the Town with any person respecting any of the matters indemnified against under this Agreement. (3) For greater certainty, the making of this Agreement is not intended to and shall not Page 15 have the effect of requiring the Town to do or refrain from doing any act or making any recommendation necessary for the Owner to satisfy the conditions of approval of the severances of the Lands pursuant to Decisions ID137/91 to ID140/91 of the Region of Durham Land Division Committee, with the exception of the conditions requiring the making of this Agreement. 3.9 Insurance The Owner shall obtain and maintain the insurance and deposit the proof thereof as required by Schedule "K" of this Agreement on or prior to the execution of this Agreement and thereafter in accordance with Schedule "K". 3.10 Maintenance Guarantee Required (1) From the date of issuance of a Certificate of Completion of the Works or any of them, until the date of issuance of a Certificate of Acceptance of such Works, the Owner agrees with the Town to promptly correct, remedy, repair or replace any portion or component of such Works that the Director determines to be defective or deficient having regard to the provisions of this Agreement at the Owner's cost (the "Maintenance Guarantee"). The Owner shall be given written notice of any such deficiency or defect by the Director forthwith after he identifies the same. (2) Prior to the date of issuance of a Certificate of Completion of the Works or any of them, the Owner will deposit with the Town cash or an irrevocable and unconditional letter of credit issued by a bank listed in Schedule "A" or "B" of the Bank Act acceptable to the Town's Treasurer which contains terms satisfactory to the Town's Treasurer (the "Security for the Maintenance Guarantee"). The Security for the Maintenance Guarantee shall be in an amount not less than fifteen (15%) percent of the cost of the Works in question referred to in Schedule "]" hereto. In the event that the Owner fails to perform the Maintenance Guarantee, the Town may correct, remedy, repair or replace the defective or deficient Works, portion of Works or component thereof and appropriate the whole or any part of the Security for the Maintenance Guarantee as is necessary to indemnify the Town in respect of ~ the cost of doing so. (3) The Maintenance Guarantee expires on the date of issuance of the Certificate of Acceptance of the Works covered by the Certificate of Completion referred to in paragraph 3.10(1) which shall not be earlier than the date of expiry of the relevant period of the Maintenance Guarantee for the following Works as set out below: (1) "Road": a minimum of two (2) years commencing on the date of issuance of the Certificate of Completion for the Road and terminating on the date of Page 16 issuance of the Certificate of Acceptance for the Road. (2) "Storm Sewer Work" (as hereafter defined): a minimum of two (2) years commencing on the date of issuance of the Certificate of Completion for the Storm Sewer Work and terminating on the date of issuance of the Certificate of Acceptance for the Storm Sewer Work. 3.11 Use of Maintenance Guarantee From time to time, the Town may appropriate the whole or any part of the Security for the Maintenance Guarantee if the Owner fails to pay any cost(s) payable by the Owner to the Town under this Agreement. The amount(s) of such appropriation shall not exceed the cost as determined by the Director of correcting the deficiency(s) or defect(s) in the Works or a portion or component thereof, which is covered by the Maintenance Guarantee and is in question. Forthwith, after the Town makes any such appropriation, the Director shall give the Owner written notice thereof. Forthwith, after the giving of such notice, the Owner shall restore the Security for the Maintenance Guarantee to the full amount required by this Agreement. 3.12 Requirements for Release of Performance Guarantee (1) Prior to the release of the Performance Guarantee, in the discretion of the Director, the amount of the Performance Guarantee may be reduced, from time to time, to reflect the progress of completion of the Works and other facilities and improvements which are required to be constructed and installed by the Owner after taking into account any outstanding claims the satisfaction of which is provided for in this Agreement. The maximum reduction that may be permitted to be made by the Director is to an amount equal to the value of the uncompleted Works and the other facilities and improvements, as determined by the Director, plus fifteen (15%) percent of the value of the completed Works, facilities and services, also determined by the Director having regard to the Progress Certificate prepared by the Owner's Engineer in respect of the completed Works if such has been submitted to the Town by the Owner. (2) The Owner will not require the Town to release to the Owner any unused portion of the Performance Guarantee until each of the following conditions is satisfied: (a) a Certificate of Completion has been issued for the Works for which such Performance Guarantee is required under this Agreement; (b) the Owner has deposited with the Town, the Maintenance Guarantee applying to the Works for which the Performance Guarantee was required; and . , Page 17 (c) the Town is satisfied that in respect of the construction and installation of the Works for which such Performance Guarantee was required, there are no outstanding claims to such Works. 3.13 Requirements for Release of Maintenance Guarantee The Owner agrees that the Town shall not be required to release to the Owner the Security for the Maintenance Guarantee until the following conditions are satisfied: (a) A Certificate of Acceptance has been issued for the Works for which such Maintenance Guarantee is required under this Agreement. (b) The Town is satisfied that there are no outstanding claims relating to such Works. (c) The Town has received the as-built drawings for such Works from the Owner. 3.14 Payment of Town's Costs (1) On the execution of this Agreement the Owner shall reimburse the Town without duplication for all reasonable, legal, planning, engineering and other technical advice, and administrative expenses actually incurred for the preparation and registration of this Agreement and the reasonable cost of all legal services contemplated by the terms of this Agreement, which include the review of the Performance Guarantee, the review of the Security for the Maintenance Guarantee and the preparation of a Certificate(s) of Release, provided that services have actually been performed for the Town. (2) The Owner shall pay to the Town for all estimated engineering and inspection costs in accordance with the provisions of Schedule "R" forthwith after a written demand therefor is given to the Owner by the Director. (3) .' After giving reasonable notice to the Town, the Owner may inspect, during regular business hours, such accounts, invoices, time records and other documents and calculations of charges for which the Town is requiring reimbursement pursuant to paragraphs 3.14(1) and 3.14(2). 3.15 Unpaid Monies Except as otherwise provided in this Agreement, the due date of any money payable under it, unless a different due date is specified in this Agreement, shall be thirty (30) days " Page 18 after the date of the giving of the written invoice to the Owner. Interest shall be calculated and be paid by the Owner to the Town on all sums of money of which the Owner is in default at the same rate, and in the same manner, and at the same time as is the case with Town taxes which are in arrears at the date on which the default in question commences. There shall be added to the interest so calculated and payable, an amount which is equal to the late payment charge which may be added to Town tax arrears payable by a ratepayer of the Town at the date on which the default in question commences. 3.16 Not Used ARTICLE 4. PLANNING 4.1 Not Used 4.2 Not Used 4.3 Not Used 4.4 Not Used 4.5 Not Used 4.6 Not Used 4.7 Not Used 4.8 Not Used 4.9 Not Used 4.10 Not Used 4.11 Not Used 4.12 Not Used ARTICLE 5. PUBLIC WORKS 5.1 Town Works Required The Owner covenants and agrees with the Town, at the Owner's expense, to construct and install the facilities, services, works, improvements and landscaping more " Page 19 particularly described in Schedule "G" hereto (which in this Agreement collectively are called the "Works"). From the date of the commencement of the construction and installation of the Works until the date of issuance of a Certificate of Acceptance of them the Owner shall be fully responsible for the maintenance of the Works including the cost thereof. After the issuance of a Certificate of Acceptance, the Works referred to in such Certificate shall be the responsibility of the Town. 5.2 Utilities and Services ReQuired Either prior to or forthwith after the date of this Agreement, the Owner shall enter into an Agreement(s) with the Newcastle Hydro-Electric Commission and/or such other authority or company having jurisdiction in respect of the Utilities and Services referred to in Schedule "H" in the area in which the said Lands are located which provides for the matters referred to in Schedule "H". 5.3 Owner's Eneineer The Owner shall retain the Owner's Engineer who shall perform the duties set out in Schedule "I". Forthwith after retaining its Engineer, the Owner shall give the Director written notice of the name and address of the Owner's Engineer. 5.4 Desi~ of Works (1) The Owner covenants and agrees that the design of all the Works shall conform with the Town's Design Criteria and Standard Drawings. In the event of any dispute as to such requirements or their interpretation, the dispute shall be resolved by the Director whose decision shall be final. (2) The Owner shall provide and submit to the Director all necessary Engineering Drawings and obtain all approvals for the construction and installation of the Works, as required by this Agreement. (3) On the execution of this Agreement, the Owner, at its expense, shall transfer to the Town any land or easements considered necessary in the opinion of the Director to accommodate the construction, installation and maintenance of the Works. For greater certainty, the Parties agree that the provisions of paragraphs 2.4 and 2.6 shall apply in respect of any such transfers of easements with all necessary changes to being considered to have been made to give effect to the intent of this paragraph 5.4(3). Each transfer of land shall be in fee simple absolute, and free and clear of all encumbrances and restrictions. It shall be prepared by the Owner in registerable form and contain terms satisfactory to the Town's Solicitor. At the time of delivery of each transfer of land or easement to the Town, the Owner shall pay to the Town .. Page 20 in cash or by certified cheque an amount equal to any tax, fee or charges payable at the time of or in respect of the registration of such transfer against title to the lands to which it applies. 5.5 Approval or En2ineerinl: Drawin~s Prior to the issuance of any Authorization to Commence Works, the Owner shall obtain the written approval of the Director of all necessary drawings of the Works (the "Engineering Drawings"). H construction and i~tallation of the Works has not commenced within two (2) years from the date of approval of the Engineering Drawings, the Engineering Drawings shall be resubmitted to the Director for his reconsideration and approval after any revisions required by the Director have been made to them (the "Reapproved Engineering Drawings"). From and after the approval by the Director of the Reapproved Engineering Drawings, they shall be deemed to be the Engineering Drawings for the purpose of this Agreement, and thereafter all Works shall be constructed and installed in accordance with them. 5.6 Approval or Gradin~ and Drainal:e Plan Prior to the issuance of any Authorization to Commence Works, the Owner shall obtain the written approval of the Director of an appropriate Plan showing thereon the existing drainage pattern on all lands adjacent to the Lands, and all proposed grading and drainage Works for the said Lands, and indicating the direction of all surface drainage, including water from adjacent lands originally flowing through, into or over the said Lands to the municipal storm sewer system or any other outlet approved by the Director (the "Grading and Drainage Plan"). The written approval of the Director of the Grading and Drainage Plan shall be obtained prior to the commencement of construction or installation of any of the Works on the Lands. H construction of such Works is not commenced within two (2) years from the date of approval of the Grading and Drainage Plan, the Grading and Drainage Plan shall be resubmitted to the Director for his reconsideration, and approval by the Director after any revisions required by the Director have been made to it, (the "Reapproved Grading and Drainage Plan"). From and after the approval by the Director of the Reapproved Grading and Drainage Plan, it shall be deemed to be the Grading and Drainage Plan for the purposes of this Agreement, and thereafter all Works shall be constructed and installed in accordance with it. S.7 Not Used 5.8 Approval or Schedule or Works Prior to the issuance of any Authorization to Commence Work, the Owner shall obtain the written approval of the Director of a draft schedule (the "Schedule of Works") . Page 21 which sets out the time at which, and the sequence in which, the Owner proposes to construct and install each of the Works, Utilities and Services which are required to be constructed and installed by it in accordance with this Agreement. 5.9 Approval of Works Cost Estimates Prior to the issuance of any Authorization to Commence Works, the estimated cost of construction and installation of the Works, (the "Works Cost Estimates"), shall be approved by the Director and entered in Schedule "]" hereto. 5.10 Requirements for Authorization to Commence Works (1) The Owner shall not commence the construction or installation of any of the Works without the written permission of the Town, (the "Authorization to Commence Works"). The Owner shall only commence the construction and installation of those Works permitted by the Authorization to Commence Works. In addition to satisfying of the other requirements of this Agreement in respect thereof, an Authorization to Commence Works shall not be issued for any of the Works for which the Authorization is sought until the following conditions have been satisfied: (a) the Owner has delivered the transfers of easement to the Town in accordance with paragraphs 2.4 and 2.6 of this Agreement; (b) Not Used (c) the Owner has delivered to the Town letters signed on behalf of the Newcastle Hydro Electric Commission, and/or other authority or company having jurisdiction with respect to the Utilities and Services that are referred to in Schedule "Htf that satisfactory Agreement(s) have been entered into by the Owner with them for the design, construction, installation and services of the Utilities and Services as is required by paragraph 5.2 of this Agreement; (d) the Owner has retained an Engineer in compliance with paragraph 5.3 of this . ' Agreement and has confirmed the name and address of the Owner's Engineer to the Director in writing; (e) the Owner has been given the written approval of the Director of the Engineering Drawings as required by paragraph 5.5 of this Agreement; (f) the Owner has received the written approval of the Director of the Grading and Drainage Plan required by paragraph 5.6 of this Agreement; Page 22 (g) the Owner has received the written approval of the Director of the Schedule of Works as required by paragraph 5.8 of this Agreement; (h) the Owner has received the written approval of the Director to the Works Cost Estimates as required by paragraph 5.9 of this Agreement; (i) the Owner has deposited with the Town the Performance Guarantee required by paragraph 3.6 and other provisions of this Agreement and has made all cash payments to and deposited all letters of credit with the Town as required by this Agreement; G) the Owner has deposited with the Town all policies of insurance or proof thereof required by paragraph 3.9 and Schedule ilK" of this Agreement; (k) the Owner has paid all costs required to be paid to the Town by paragraph 3.14 of this Agreement on or prior to the date of issuance of the Authorization to Commence Works; and (1) the Owner has deposited with the Director written approval of all relevant approving agencies including the Certificate(s) of Approval issued by the Ministry of the Environment with respect to the watermain, sanitary and storm sewers for which Authorization to Commence Works is sought, the written approval of the Minister of Natural Resources, and the written approval of the Central Lake Ontario Conservation Authority. 5.11 Not Used 5.U Inspection and Stop Work The Owner shall ensure that every contract that may be made by the Owner with any contractor to construct or install any of the Works shall provide that employees or representatives of the Town may, at any time, inspect the work of such contractor and shall require the contractor to comply with stop work orders given by the Director pursuant to this paragraph 5.12. The Director, after consultation with the Owner's Engineer, may give the Owner, if it does not retain a contractor, or if it does, the Owner's contractor, a written order to stop any work that is being undertaken if, in the Director's opinion, either the work is not being undertaken such that a completed construction and installation of the Works satisfactory to the Town in accordance with this Agreement will result, or if the Performance Guarantee required to be provided pursuant to this Agreement in respect of the Works is not maintained in good standing. The Owner and the Owner's contractor shall comply with the stop work order forthwith on it being given by the Director. Page 23 5.13 Construction in Accordance with En2ineerine Drawines (1) The Works shall be constructed and installed in accordance with the Engineering Drawings as approved by the Director. No deviation from tbe Engineering Drawings is permitted unless sucb deviation is autborized in writing by the Director before it is undertaken. All construction and installation of the Works, shall be undertaken and carried out by the Owner or by the Owner's contractor, as the case may be, in accordance with tbe regulations for construction set out in Schedule "L". (2) The Owner shall keep the Town road surfaces and ditches clean of dirt, mud and refuse until all Works contemplated by this Agreement including the "Storm Sewer Work" (as hereinafter defined) have been completed. After the expiry of twenty- four (24) bours following the giving of written notice requiring the Owner to do so, if tbe Owner has not performed its obligations under this paragraph 5.13(2), the Town may do so and deduct the reasonable cost thereof from the Performance Guarantee. The Owner shall restore the Performance Guarantee to the amount otherwise required by this Agreement, forthwith after the Director gives the Owner written notice of the amount of the deduction in question. 5.14 Sequence of Construction of Works Following the issuance of an Authorization to Commence Works, the Owner shall proceed in good faith to construct and install all of the Works referred to in the Authorization to Commence Works continuously and in accordance with the timing and sequence therefor set out in the Schedule of Works. 5.15 Completion Time for Construction of Works Within two (2) years of the date of the issuance of an Authorization to Commence Works, the Owner shall complete the construction and installation of all of the Works authorized in such Authorization to Commence Works with the exception of the curbs, sidewalks, final coat of asphalt, final lot grading, driveway approaches, sodding and tree planting which may be completed later if done so in accordance with the provisions of the Schedule of Works. 5.16 Minor Additional Work Until the conclusion of the Maintenance Guarantee Period referable thereto, if in the opinion of the Director, any minor or incidental additional work is required to provide for the adequate operation and functioning of any of the Works, the Owner, at its cost, shall . Page 24 construct and install such additional facilities and perform such additional work as the Director may request from time to time by written notice given to the Owner. 5.17 Incomplete or Faulty Works and Liens (1) li, in the opinion of the Director, the Owner is not constructing and installing or causing to be constructed or installed any of the Works required by this Agreement so that it will be completed within the time specified for such completion in the Schedule of Works, or if the Works are being improperly constructed or installed, or if the Owner neglects or abandons the said Works or any part of them before completion, or unreasonable delay occurs in the execution of the same, or for any other reason the Works are not being constructed or installed properly and promptly and in full compliance with the provisions of this Agreement, or the Owner neglects or refuses to reconstruct or reinstall any of the Works which may be rejected by the Director as defective, deficient or unsuitable, or the Owner in the opinion of the Director otherwise defaults in performance of this Agreement, the Director may give the Owner notice in writing of such default, neglect, act or omission. Following the later to occur of the expiry of ten (10) business days, excluding Saturdays, after the giving of such notice and the expiry of such additional period as may be specified in the notice given to the Owner by the Director, the Town, at the cost and expense of the Owner, may employ a contractor or such workmen and purchase such services, supplies and/or services as in the opinion of the Director are required for the proper completion of the Works in accordance with this Agreement. In cases of an emergency, as determined by the Director in his discretion, any deficiency(s) or defect(s) in the Works, or any failure to complete the Works in accordance with this Agreement, may be corrected or remedied by the Town at the cost and expense of the Owner without prior notice to the Owner, provided that forthwith after the Town so acts, the Director shall give written notice to the Owner describing the emergency, the action taken by the Director, and the cost of correcting the deficiency or default in question. The cost of any work which the Town undertakes under this paragraph 5.17(1) shall be determined by the Director in his discretion and his decision shall be final. It is understood and agreed by the Parties that the cost for which the Owner is responsible under this paragraph 5.17(1) shall include a management fee " to the Town either of thirty (30%) percent of the contractor's charges to the Town (including any charges for overhead and profit) or, if such work is undertaken by the Town, thirty (30%) percent of all costs incurred by the Town to complete the Works in question. The Owner shall reimburse the Town for the cost of all Works, and the cost of correcting or remedying all deficiencies, defects and defaults pursuant to this paragraph 5.17(1) which have been incurred by the Town forthwith after the Director gives the Owner written demand for payment of such cost. Page 25 (2) In the event that any construction liens are filed under the Construction Lien Act, R.S.O. 1990 c. C.30 such filing(s) shall constitute a default in performance by the Owner of this Agreement. In any such case, the Director may notify the Owner in writing of such default. H the Owner fails to discharge the lien claim within ten (to) business days, excluding Saturdays, after the giving of such notice, or within such further period of time as may be specified in the notice, then the Town may pay the full amount of the claim and costs into a Court of competent jurisdiction. The Town is hereby authorized by the Owner to draw on and appropriate the whole or any portion(s) of the Performance Guarantee to indemnify the Town against the costs and expense so incurred by the Town. In the event that the Town draws on and appropriates any portion of the Performance Guarantee to satisfy the claim of any one (1) or more construction lien claimants and costs, forthwith after the Director gives written notice to the Owner requiring it to do so, the Owner shall reinstate the Performance Guarantee and/or the Security for the Maintenance Guarantee, as the case may be, to the full amount(s) required under the provisions of this Agreement. 5.18 Entry for Emer~ency Repairs In addition to the Town's other rights under this Agreement, the Owner acknowledges and agrees that at any time and from time to time, employees or representatives of the Town who are authorized by the Director, or contractors retained by the Town may enter on the said Lands for the purpose of making emergency repairs to any of the Works. Such entry and repairs shall not be deemed to be an acceptance of any of the Works by the Town, nor an assumption by the Town of any responsibility or liability in connection therewith, or a release by the Town of the Owner from any of its obligations under this Agreement. 5.19 Dama~e to Existin~ Services Forthwith after written demand therefor is given by the Director to the Owner, the Owner shall pay to or to the direction of the Town, the cost of repairing any damage to any property or services of the Town, the Region, or any utility authority or company (the "Damaged Services") including without limiting the generality of the foregoing, any road(s), water, electrical, gas, telephone, cable television and sewer systems, and the cost of relocating any Damaged Services, caused by or resulting from the development of anyone (1) or more portions of the Lands, or the construction or installation of any of the Works, provided that all such repairs and or relocation(s) are completed to the satisfaction of the Director, the Region and the relevant utility authority or company which owns or is responsible for the Works, property or services in question. In addition, the Owner agrees with the Town, at the Owner's cost, to relocate any of the Works constructed or installed pursuant to this Agreement which are located in driveways or so close thereto as in the opinion of the Director will interfere with the use of the driveway in question, forthwith Page 26 after being given written notice by the Director requiring the Owner to undertake such relocation. 5.20 Dama~e to Nei~hbourin~ Wells (1) Prior to the commencement of and during the period of construction or installation of the Works, the Owner shall cause to be carried out, at its expense, the ground water monitoring program which has been approved by the Director pursuant to this paragraph 5.20(1), (the "Monitoring Program"). The Monitoring Program shall be prepared in draft form by a qualified hydrogeologist (the "Hydrogeologist") who shall be retained by the Owner, at the Owner's expense, after the Hydrogeologist is first approved by the Director. The draft Monitoring Program shall be submitted to the Director for his consideration and approval. After the Monitoring Program has been approved, it shall be implemented by the Hydrogeologist. The Monitoring Program shall describe the number and location of the piezometric observation wells which are to be installed by the Owner, and the frequency, method of observation, method of collection and recording of data and the timing, form and addressees of the report of the Hydrogeologist's analyses and findings to the Town, as well as such other matters as the Director considers to be appropriate. After the draft Monitoring Program has been approved by the Director with or without such modification(s) as he may consider appropriate, it is the "Monitoring Program" for the purposes of this Agreement. (2) For the duration of the Monitoring Program, the Owner, at its cost, shall cause the Hydrogeologist to provide the Director with a copy of all reports prepared by him in connection with or in implementation of the Monitoring Program forthwith after they are prepared. For the duration of the Monitoring Program, the Owner also shall cause the Hydrogeologist to make available to the Director, at no cost to the Town, forthwith after a written request therefore is given to the Hydrogeologist by the Director, a copy of all data collected and all analyses made in connection with or implementation of the Monitoring Program. Forthwith following the completion of the Monitoring Program, the Owner shall cause the Hydrogeologist to provide to the Director, at no cost to the Town, a copy of all data collected and all analyses and "- reports made by the Hydrogeologist in connection with or in implementation of the Monitoring Program which previously have not been provided to the Director pursuant to this paragraph 5.20(2), together with a certificate of the Hydrogeologist, in a form satisfactory to the Town Solicitor that all the data, analyses and reports required to be provided to the Director by this paragraph 5.20(2), have been provided to him. In addition to the foregoing, the Owner shall cause the Hydrogeologist to prepare separate reports, to the satisfaction of the Director for each and every occurrence of apparent well interference caused by construction activity within the Lands and reported to the Town, and to deliver the same to the " Page 27 Director, at no cost to the Town, forthwith after each of them is completed. (3) If after considering a report thereon from the Director in this regard, Town Council determines that the well or private water supply of any person(s) outside the Lands is interfered with or dewatered as a result of the construction or installation of the Works: (a) where the interference to a well or private water supply is of short term duration (i.e. during the course of dewatering and excavation and within one (1) month of the completion of dewatering), in the opinion of the Town Council, the Owner shall make available to the affected party(s), a temporary supply of water at no cost to the affected party(s); or (b) where in the opinion of the Town Council the interference to a well or private water supply is of a long term duration, at the option of the Owner and at its cost, the Owner shall connect the affected Party's property to the Town water supply system or provide a new well or private water system for such affected party(s) so that water supplied to the affected party's property shall be of a quality and quantity at least equal to the quality and quantity of water enjoyed by the affected party(s) prior to the interference, as may be required by the Town Council by written notice given to the Owner. (4) If the Director gives written notice to the Owner that he has reason to believe that the well or private water supply of any person(s) outside the Lands is interfered with or dewatered as a result of the construction or installation of the Works, forthwith after such notice is given, the Owner shall cause the quantity of potable water considered to be appropriate by the Director to be supplied to the affected person(s) free of charge either until such time as the Town Council, after considering a report thereon from the Director, decides that the well or private water supply in question has not been interfered with or dewatered as a result of the construction or installation of the Works, or until such time as the Owner performs his obligation under paragraph 5.20(3), as the case may be. ... 5.21 Use of Works by Town The Owner acknowledges and agrees that any of the Works may be used by the Town and such other person(s) who is (are) authorized by the Town for any of the purposes for which the Works are designed, without interference by the Owner, and without the payment of any fee or compensation to the Owner, and for such purposes the Town and other person(s) authorized by the Town may enter upon the portion(s) of the Lands on which the Works are located. " Page 28 5.22 Maintenance of Roads after Comnletion (1) In addition to any other requirement of this Agreement that the Owner maintain the Works the Owner, at the Owner's cost, shall maintain each road(s), which is required to be constructed, until a Certificate of Acceptance has been issued for such road(s), and without limiting the generality of the foregoing, the Owner shall: (a) maintain the road(s) at all times in a well drained, dust and mud free condition, suitable for ordinary vehicular traffic, to the approval of the Director; (b) during the course of construction and installation of the Works, Utilities and Services pursuant to this Agreement, provide and maintain safe and adequate access to all occupied buildings; and (c) erect a sign to indicate that the road(s) are "unassumed road(s)" which the Town is not required by law to repair and maintain, to the satisfaction of the Director. (2) The Town agrees to snowplough and sand all paved road(s) on the Lands for and on behalf of the Owner until the Certificate of Acceptance of such road(s) has been issued, provided that until the road(s) are assumed by the Town, the Owner shall pay to the Town one hundred (100%) percent of the costs ofsnowploughing and sanding such road(s), as determined by the Director, from time to time, and forthwith after being given written notice of such costs by the Director. (3) The Owner acknowledges and agrees that the undertaking or provision of repairs or maintenance by the Town under paragraphs 5.18, 5.19 or 5.22(2) in respect of road(s), is not intended nor shall it in any way constitute or be taken to constitute the approval or assumption by the Town of the road(s) in question. The road(s) shall not be deemed to have been assumed until both a Certificate of Acceptance has been issued, and a By-law has been passed by Town Council dedicating the road(s) as public highway(s) and assuming it for the purpose of liability to repair and " maintain it as provided by the Municipal Act, and such By-law has been registered in the proper Land Registry Office. 5.23 Requirements for Certificate of Completion The Owner acknowledges and agrees that the construction and installation of any of the Works authorized in an Authorization to Commence Works shall not be deemed to be completed for the purposes of this Agreement until the Director has provided the Owner with written certificate that such is the case (the "Certificate of Completion"). In addition " Page 29 to satisfying the other requirements of this Agreement respecting its issuancet a Certificate of Completion shall not be issued until: (a) such of the Works authorized by the Authorization to Commence Works for which a Certificate of Completion is requiredt have been inspected by the Directort and he is satisfied such Works have been constructed and installed in accordance with the Engineering Drawings; and (b) the Town is satisfied in respect of the construction and installation of all of the Works authorized by such Authorization to Commence Workst that there are no outstanding construction lien claims for payment by contractorst subcontractorst suppliers of services or materials or workmen relating to the construction and installation of such Works. 5.24 Requirements for Certificate of Acceptance The Owner acknowledges and agrees that none of the Works covered by a Certificate of Completion shall be acceptedt nor deemed to be acceptedt for the purpose of this Agreementt until the Director has provided the Owner with written certificate that they have been accepted by the Townt (lithe Certificate of Acceptance"). In addition to satisfying the other requirements of this Agreement respecting its issuancet a Certificate of Acceptance shall not be issued until all of the Works that are proposed to be covered by such Certificate of Acceptance have been inspected by the Director and the Town Council has approved the written report of the Director that all such Works have been maintained to the approval of the Director for the relevant period set out in paragraph 3.10(3) of this Agreementt all deficiencies and defects in the Works have been corrected by the Ownert and the Works should be accepted by the Town. 5.25 Ownership of Works by Town For greater certaintyt the Owner acknowledges and agrees that the Town is the Owner of all of the Works covered by a Certificate of Acceptance. The Owner shall have no right or claim theretot other than as an owner of land abutting a highway in which such Works are installed. 5.26 Requirements for Certificate of Release Forthwith after the Owner complies with subparagraphs (a)t (b) and (c) of this paragraph 5.26, and the Works located thereon have been constructedt installed and accepted by the issuance of a Certificate of Acceptancet the Town shall provide the Owner with a written release (the "Certificate of Release") respecting the Works. The Certificate of Release shall be in a form suitable for registration or deposit in the proper Land Page 30 Registry Office. In addition to the Owner satisfying the other requirements of this Agreement respecting the issuance of a Certificate of Relea3e, the Certificate of Release shall not be issued until: (a) a Certificate(s) of Acceptance has been issued for all the Works; (b) a registered Ontario Land Surveyor, acceptable to the Director and retained by the Owner at the Owner's expense has provided the Town with written confirmation that at a date not earlier than the end of the longest of the maintenance periods set out in paragraph 3.10(3) he has found, placed or replaced all standard iron bars shown on plans of survey of record deposited in the Land Registry Office as Plans 40R-13850 and 40R-14116 and has found, placed or replaced all survey monuments at all block corners, the end of all curves, other than corner roundings, and all points of change in direction or road(s) on such plan; and (c) Town Council has by resolution, acknowledged that the Owner has satisfied all of the provisions of this Agreement From the date of its issuance, a Certificate of Release shall operate as a discharge of the Owner in respect of the Lands or the portion thereof which are described therein of the obligations of the Owner under this Agreement with the exception of (1) the Owner's obligation respecting drainage as provided in this Agreement; and (2) the Owner's covenant to comply with the requirements of this Agreement in respect of applications for building , permits for dwellings on the Lands. 5.27 Not Vs~d 5.28 Not Used 5.29 Cost or Works Referred to in Schedule "G" The Owner acknowledges and agrees that it will pay the total cost of the Works referred to in Schedule 11011 hereto. The Owner will not seek any credit or rebate for or of any part of tbe total cost of the Works by reason of any of them being oversized to accommodate drainage or traffic from lands outside the limits of the Lands, whether from or in respect of a development charge imposed by a Development Charge By-law which Town Council may pass pursuant to the Development Charges Act, R.S.O. 1990 c. D.9 or in any other manner, or for any other reason. " Page 31 ARTICLE 6 . COMPLIANCE WITH REGULATIONS In exercising its rights and in performing its covenants under this Agreement, the Owner shall comply with all Provincial regulations of general applications and all by-laws of the Town and the Region. ARTICLE 7 . RESPONSIBILI1Y OF SUBSEQUENT OWNERS After the issuance of the Certificate of Release, the Owner, its successors and assigns as the owner of the Lands or of anyone (1) or more portions thereof shall have the sole responsibility for the following which shall be performed or undertaken at its cost: (a) it shall be responsible for providing and maintaining adequate drainage of surface waters from the Lands in accordance with the approved Lot Grading and Drainage Plans referred to in paragraph 5.6 herein; (b) it shall be responsible for compliance with the terms of paragraph 4.6 "Requirements for Building Permits" of this Agreement if, at the date of issuance of the Certificate for Release, a building permit has not been issued for the Lands in question; and (c) it shall be responsible for the maintenance of fencing required in Schedule "G" of this Agreement. ARTICLE 8 . TIME OF ESSENCE Time is of the essence of this Agreement. Page 32 ARTICLE 9 - AUTHORIlY TO MAKE AGREEMENT The Owner acknowledge and agree that the Town has authority to enter into this Agreement, that every provision hereof is authorized by law and is fully enforceable by the Parties, and that this Agreement is made by the Town in reliance on the acknowledgement and agreement of the Parties other than the Town as aforesaid. IN WITNESS WHEREOF the Parties hereto have hereunto set their hands and seals the day and year first above written and the corporate Parties hereto have hereunto affixed their corporate seals by the hands of their proper officers duly authorized in that behalf. SIGNED, SEALED AND DELIVERED In the presence of: ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) THE CORPORATION OF THE TOWN OF NEWCASTLE VELTRI AND SONS CORPORATION dI~ fIdL ~. Name: . (... .Title: ' M ..,t" u~ ...,,", Name: Title: 4:f~ML MARIO VELTRI 33 SCHEDULE "A" THIS SCHEDULE IS SCHEDULE "A" to the Agreement which has been authorized and approved by By-law No. 92-121 of the Corporation of the Town of Newcastle, enacted and passed on the 21st day of April, 1992. LEGAL DESCRIPTION OF LANDS All and Singular that certain parcel of land and premises situated, lying and being in the Town of Newcastle, in the Regional Municipality of Durham being comprised of part of Lots 23 and 24, Block A, C.G. Hannings Plan designated as Parts 4 to 12 on plan of survey of record deposited in the Land Registry Office for the Land Registry Division of Whitby (No. 40) (the "Land Registry Office") as Plan 40R-13850 and Parts 1, 2, 3 and 4 on Plan 40R-14116 also deposited in the Land Registry Office. 3~ . ' SCHEDULE "C" THIS SCHEDULE IS SCHEDULE "C" to the Agreement which has been authorized and approved by By-law No. 92-121 of the Corporation of the Town of Newcastle, enacted and passed on the 21st day of April, 1992. CHARGES AGAINST LANDS (1) Municipal Taxes (2) Local Improvement Charges (3) Drainage Charges Nil Nil Nil / , , Z5 " \. SCHEDULE "E" THIS SCHEDULE IS SCHEDULE "E" to the Agreement which has been authorized and approved by By-law No. 92-121 of the Corporation of the Town of Newcastle, enacted and passed the 21st day of April, 1992. TRANSFERS OF EAsEMJNTS (1) On the execution of this Agreemen~ the Owner shall deliver to the Town a transfer of easements as follows: (a) Temporary Turn Around Parts 1 and 2 on Plan 40R-14228 (2) The Director shall determine the duration and tenns of any such easements. The transfers shall be prepared by the Owner at its cost, shall be free and clear of all encumbrances and restrictions, shall contain other provisions satisfactory to the Town's Solicitor, shall be made for a nominal consideration, and shall be in registrable form. Prior to the registration of the transfers of such easements against the title to the relevant lands, the Owner agrees with the Town that it will not require the issuance of building permits for the construction of building or structures on the Lands. 3~ SCHEDULE "F' THIS SCHEDULE IS SCHEDULE "F' to the Agreement which has been authorized and approved by By-law No. 92-121 of the Corporation of the Town of Newcastle, enacted and passed the 21st day of April, 1992. LANDS TO BE TRANSFERRED TO TOWN AND/OR CASH TO BE PAID IN LIEU THEREOF Dedication of Lands The Owner shall deliver to the Town in a form satisfactory to the Town, transfers in fee simple absolute of the following lands: (a) Part 3 on Reference Plan 40R-14228 (b) Part 8 on Reference Plan 40R-13850 (c) Part 3 on Reference Plan 40R-14116 0.3 m Reserve Road Road ';1 SCHEDULE "G" THIS SCHEDULE IS SCHEDULE "G" to the Agreement which has been authorized and approved by By-law No. 92-121 of the Corporation of the Town of Newcastle, enacted and passed on the 21st day of April, 1992. WORKS REOUIRED 1. STORM SEWER SYSTEM The Owner shall construct, install and supervise the construction and installation of and maintain a storm drainage system, satisfactory to the Town, for the removal and disposal of upstream storm water and storm water originating within the Lands, including storm sewer mains, manholes, service connections, catchbasins and leads, open channels, storm outfalls and any other appurtenances as may be required in accordance with the Town's Design Criteria and Standard Drawings, (the "Storm Sewer Work"). The Owner agrees to produce Engineering Drawings for storm drainage system, to the satisfaction of the Director. The Owner agrees to obtain any easements required by the Director which are external to said Lands, at no expense to the Town for the disposal of storm water from the Lands and transfer the same to the Town in accordance with paragraphs 2.3 and 2.5 of this Agreement. 2. ROADS The Owner shall construct and install the following roads and services on the streets shown on the Engineering Drawings at its cost as follows: (a) Pavement widths to be applied to the following streets: - as shown on the Engineering Drawings. (b) The grading and paving of all streets, including the installation of Granular "A" and Granular "B" material to provide a proper base for paving, shall be in accordance with the Town's Design Criteria and Standard Drawings. (c) The Owner shall construct curbs and gutters on both sides of all streets, in accordance with the Town's Design Criteria and Standard Drawings. (d) The Owner shall construct, install and maintain complete sidewalks in accordance with the Town's Design Criteria and Standard Drawings, as shown on the Engineering Drawings. 3g (e) The Owner agrees to grade and pave all driveways between the curbs and sidewalks, in accordance with the Town's Design Criteria and Standard Drawings. The Owner also agrees to grade and pave all driveways between the curbs and sidewalks, where sidewalks are installed, and in all other cases, to grade and gravel the driveway between the curbs and the lots lines. (f) The Owner agrees to construct, install, energize and maintain street lighting, in accordance with the Town's specifications, on all streets and walkways and this Agreement, to the satisfaction of the Director of Public Works. (g) The Owner agrees to install topsoil and sod the boulevards between the curbs and the property line, in accordance with the Town's Design Criteria and Standard Drawings and the approved Landscaping Plan, to the satisfaction of the Director of Public Works. (h) The Owner agrees to supply and install traffic signs and permanent street-name signs, in accordance with the Town's Design Criteria and Standard Drawings and to the satisfaction of the Director of Public Works. 3. CONSERVATION WORKS In addition to the work required by the Schedule "Q", the Owner shall construct, install and maintain certain conservation works within this Plan, such as retaining walls, drainage channels and watercourse channelization works, including all appurtenant fences and all other apparatus, in accordance with the Engineering Drawings approved by the Director of Public Works. 4. GRADING AND DRAINAGE PLAN The Owner shall rough grade the Lands in accordance with the Grading and Drainage Plan, to the satisfaction of the Director forthwith following the Director giving the Owner written notice requiring it to do so. 5. .' LANDSCAPING (a) The Owner shall complete and install all landscaping requirements for the roads provided for in this Agreement and the installation of fencing in accordance with the approved Landscaping Plan referred to in paragraph 4.2 and Schedule "U" of this Agreement. (b) The Owner shall provide, plant and maintain, under the supervision of a qualified nurseryman or horticulturist the tree and shrub planting requirements provided for in this Agreement in accordance with the Landscaping Plan. 6. TURN AROUND The Owner shall transfer to the Town land for the Turn Around. In accordance with the written direction given to the Owner by the Directort the Owner shall construct and maintain such Turn Around as a temporary turn around to the satisfaction of the Director. 31 YD SCHEDULE "H" THIS SCHEDULE IS SCHEDULE "H" to the Agreement which has been authorized and approved by By-law No. 92-121 of the Corporation of the Town of Newcastle, enacted and passed the 21st day of April, 1992. UTILITIES AND SERVICES REOUIRED 1. ELECfRICAL SUPPLY SYSTEM The Owner shall arrange with the appropriate authority having jurisdiction for the design, provision and installation of an electrical supply system to serve the Lands, in the locations as approved by the Director. All electrical services are to be installed underground. The Owner shall also make any necessary arrangements with any T.V. Cable Company in order that the installation of any such system shall take place so far as possible contemporaneously with the installation of other services so as to cause minimum disruption of municipal services. 2. STREET LIGHTING SYSTEM The Owner shall arrange with the appropriate authority having jurisdiction for the design, provision and installation of a complete street lighting system to serve the said Lands on behalf of the Town in whose ownership the system shall vest upon acceptance of the Works including all appurtenant apparatus and equipment, in the locations as approved by the Director that such arrangements have been made prior to the issuance of any Authorization to Commence Works. 3. TELEPHONE SYSTEM The Owner shall arrange with Community Telephone Limited and/or Bell Canada for the design, provision and installation of a telephone system to serve the said Lands, as approved by the Director. All telephone services are to be installed " underground. 4. GAS SUPPLY SYSTEM The Owner shall arrange with an appropriate gas company for the design, provision and installation of a complete gas supply system to serve the said Lands, including gas mains, and all appurtenant manholes, laterals, service connections, apparatus and equipment in the locations as approved by the Director. ~{ 5. CABLE TELEVISION The Owner shall arrange with the Cable Television Company having authority to provide its services within the area of the Lands for the design, provision and installation of a complete cable television distribution system to serve the said Lands. All cable television services are to be installed underground. 6. MAIL DISTRIBUTION SYSTEM The Owner shall arrange with Canada Post for the provision and installation of a mail distribution system to service the said Lands, in the location as approved by the Director. 4;2 SCHEDULE "'" THIS SCHEDULE IS SCHEDULE ".. to the Agreement which has been authorized and approved by By-law No. 92-121 of the Corporation of the Towil of Newcastle, enacted and passed on the 21st day of April, 1992. DUTIES OF OWNER'S ENGINEER 1. DESIGN WORKS AND PRIVATE WORKS In addition to the other requirements of this Agreement, the Owner's Engineer shall prepare drafts of the following for the consideration and approval of the Director: (a) the Engineering Drawings; (b) the Grading and Drainage Plan; (c) the Landscaping Plan; (d) the Schedule of Work; (e) the Staging Plan; (f) the Works Cost Estimate; and (g) the Stage Cost Estimate. The approval of the Director shall not absolve or release the Owner or the Owner's Engineer of the responsibility and liability for any errors or omissions in the above drawings, plans, or documents or from liability for any damage or loss caused or resulting directly or indirectly by the Owner's Engineer. 2. REPRESENT OWNER AND OBTAIN APPROVALS The Owner's Engineer is hereby authorized by the Owner and shall act as the Owner's representative in all matters pertaining to the construction and installation of the Works and shall co-operate with the Town to obtain the necessary approvals for construction and installation. 3. '.. PROVIDE RESIDENT SUPERVISION The Owner's Engineer shall provide fully qualified supervisory layout and inspection staff to provide continuous inspection service during all phases of the construction and installation of the Works and the private works and to perform the following: (a) provide field layout including the provision of line and grade to the contractors and, where required, restaking; ~ (b) inspect the construction and installation to ensure that all work is being performed in accordance with the contract documents; (c) arrange for or carry out all necessary field testing of materials and equipment installed or proposed to be installed at the request of the Director; (d) provide co-ordination and scheduling of the construction and installation in accordance with the timing provision contained herein .- and the requirements of the Director; (e) investigate and report to the Director any unusual circumstances which may arise during the construction and installation; and (f) obtain field information, during and upon completion of the construction and installation, required to modify the Engineering Drawings to produce the as-constructed drawings. 4. MAINTAIN RECORDS The Owner's Engineer shall maintain all records pertaining to the construction and installation and make them available for examination by the Director as required by the Director. 5. PROVIDE PROGRESS REPORTS The Owner's Engineer shall provide the Director with reports on the progress of the construction and installation on a monthly basis, or at such other interval as approved by the Director. 6. PREPARE AS-CONSTRUCfED DRAWINGS The Owner's Engineer shall prepare and submit as-constructed drawings .' required by the Director for the approval of the Director. ~Lf SCHEDULE ".1" THIS SCHEDULE IS SCHEDULE "J" to the Agreement which has been authorized and approved By-law No. 92-121 of the Corporation of the Town of Newcastle, enacted and passed on the 21st day of April, 1992. WORKS COST ESTIMATES 1. STORM SEWERS $ 13,462.76 2. ROADS - YEAR 1 $ 24,747.35 3. ROADS - YEAR 2 $ 8,859.46 4. STREET TREES $ 2,700.00 5. STREETLIGHTING $ 2,000.00 6. SILTATION CONTROL $ 1,000.00 7. GRADING (R.O.W. & FUTURE LOTS) $ 2.400.00 SUB-TOTAL $ 55,169.57 5% CONTINGENCIES $ 2.758.48 SUB-TOTAL $ 57,928.05 10% ENGINEERING $ 5.792.80 TOTAL ESTIMATED COST OF SERVICES: $ 63,720.85 TOTAL VALUE FOR PERFORMANCE GUARANTEE: ~ 63.720.85 The Performance Guarantee for the Works shall be based on the preliminary Estimates which are provided to the Director by the Owner's Engineer and approved by the Director. When the Engineering Drawings and the Landscaping Plan have been approved by the appropriate Director as is required by this Agreement, a revised Cost Estimate for the construction and installation of Works shall be prepared by the Owner's Engineer and submitted to the Director for approval. The revised Cost Estimate shall be had regard to by the Director in requiring an adjustment in the Performance Guarantee, in the event of any increase or decrease in the Works Cost Estimates. -.. L{5 SCHEDULE "K" THIS SCHEDULE IS SCHEDULE "K" to the Agreement which has been authorized and approved by By-law No. 92-121 of the Corporation of the Town of Newcastle, enacted and passed the 21st day of April, 1992. INSURANCE REOUIRED 1. TYPES OF COVERAGE REQUIRED The Owner shall obtain and maintain insurance of the character commonly referred to as public liability and property damage with an insurance company approved by the Town's Treasurer and licensed in Ontario to underwrite such insurance. Such policy or policies of insurance shall indemnify the Town against all damage or claims for damage for: (a) any loss or damage that shall or may happen to any of the Works or any of the Utilities or to any part or parts thereof respectively; (b) any loss or damage that shall or may happen to any of the materials or any of the equipment or any other things used to construct or install any of the Works or any of the Utilities or any part or parts thereof respectively; (c) any injury to any person or persons including workmen employed on the said Lands and the public; (d) any loss or damage that shall or may result from the storage, use or handling of explosives; (e) any loss or damage that shall or may result from the drainage of surface waters on or from the said Lands; (f) any loss or damage that shall or may result from the disposal of effluent from any sewage disposal works; and " (g) any loss or damage that shall or may happen to any public road or to any other property of the Town or to the property of any other person either directly or indirectly by reason of the Owner undertaking the development of the said Lands together with any or all of the Works and Utilities pertaining thereto. , ' Lito 2. AMOUNTS OF COVERAGE REQUIRED Policy or policies of insurance shall be issued jointly in the names of the Owner and the Town and shall provide the following minimum coverages for five million ($5,000,000.00) dollars for all damage arising out of one (1) accident or occurrence or series of accidents or occurrences. The issuance of such policy or policies of insurance or the acceptance of it or them by the Town shall not be construed to relieve the Owner from responsibility for other or larger claims for which it may be held responsible. 3. EXEMPTION OF COVERAGE PROHIBITED The policy or policies of insurance shall contain no coverage exemptions or limitations for: (a) any shoring, underpinning, raising or demolition of any building or structure; (b) any pile driving or caisson work; (c) any collapse or subsidence of any building, structure or land from any cause; or (d) any storage, handling or use of explosives. ;:- .. 41 , , SCHEDULE "L" THIS SCHEDULE IS SCHEDULE "L" to the Agreement which has been authorized and approved by By-law No. 92-121 of the Corporation of the Town of Newcastle, enacted and passed on the 21st day of April, 1992. REGULATIONS FOR CONSTRUCfION 1. REOUIREMENTS FOR BLASTING The Owner shall, prior to commencing any blasting, obtain from the Director permission to carry out the blasting operation. 2. REMOVAL OF TOPSOIL The Owner shall not remove any topsoil from the said Lands except for construction purposes and such topsoil must remain within the limits of the said Lands. 3. DUMPING OF FILL OR DEBRIS The Owner shall not dump, or permit to be dumped, any fill or debris on the said Lands, or to remove or permit to be removed any fill from any land to be transferred to the Town, other than the roads within the limits of the said Lands, without the written consent of the Director. 4. DISPOSAL OF CONSTRUCfION GARBAGE The Owner shall remove and dispose of all construction garbage and debris from the said Lands in an orderly and sanitary fashion in a dump site off the said Lands and approved by the Director. The Town shall not be responsible for the removal or disposal of garbage and debris. The Owner shall deliver a copy of this clause to each and every builder obtaining a building permit for any part of the said Lands and to ensure that no burning of construction garbage or debris is .... permitted on the said Lands. 5. QUALITATIVE AND QUANTITATIVE TESTS The Owner agrees that the Town may have qualitative or quantitative tests made of any materials or equipment installed or proposed to be installed on the direction of the Director. The costs of such tests shall be paid by the Owner. 48 .. . f ... .. 6. MAINTENANCE. CWSING AND USE OF EXTERNAL ROADS During this Agreement the Owner at all times ensure that all public roads abutting the said Lands and all public roads used for access to the said Lands, during any construction on the said Lands, are maintained in a condition equal to that now existing and to the approval of the Director. The Owner shall maintain at all times, all such roads free of dust and mud originating from the said Lands during the course of construction. H damaged, the Owner agrees to restore immediately, and at its own expense, such road to a condition equal to that existing at the time of such damage and to the approval of the Director. No public road outside the limits of the said Lands shall be closed without the prior written approval of the authority having jurisdiction over such public road. The Owner shall not use or occupy any untravelled portion of any public road allowance without the prior written approval of the Town or authority having jurisdiction over such public road allowance. 7. MAINTENANCE OF INTERNAL ROADS Prior to the placement of the base course of asphalt on any road required to be constructed under this Agreement, the Owner shall remove any contamination of the granular base course and repair and replace such base course, where necessary, to the approval of the Director, in order that the construction of such road shall not have suffered due to any use of the granular base course as a temporary road. Prior to the placement of the surface of asphalt on any road required to be constructed under this Agreement, the Owner shall clean the base course of asphalt and repair and replace such base course where necessary. Until the roads on the Lands are assumed by the Town, the Owner shall maintain all internal roads in a condition acceptable to the Director, and shall ensure that such roads are free of dust and mud at all times to the satisfaction of the Director. 8. WEED AND RAT CONTROL " After the commencement of construction, the Owner shall institute upon the Lands a program of weed and rat control to the satisfaction of the Director. . . ~q .. .. SCHEDULE "R" THIS SCHEDULE IS SCHEDULE "R" to the Agreement which has been authorized and approved by By-law No. 92-121 of the Corporation of the Town of Newcastle, enacted and passed on the 21st day of April, 1992. ENGINEERING AND INSPECI10N FEES Estimated Costs of Works Em Up to $100,000.00 4% to a MAXIMUM OF $4,000.00 $100,000.00 to $500,000.00 $4,000.00 or 3.5% of the estimated cost of services - whichever is greater $500,000.00 to $1,000,000.00 $17,500.00 or 3% of the estimated cost of services - whichever is greater $1,000,000.00 to $2,000,000.00 $30,000.00 or 2.50% of the estimated cost of services - whichever is greater $2,000,000.00 to $3,000,000.00 $50,000.00 or 2.25% of the estimated cost of services - whichever is greater $3,000,000.00 to $4,000,000.00 $67,500.00 or 2% of the estimated cost of services - whichever is greater For the purposes of calculating the Engineering and Inspection Fees as contemplated by this Schedule, the estimated costs of Works shall include the Cost Estimates as specified in Schedule "J" hereto, and shall include the estimated cost of Region services. The payment of the Engineering and Inspection fees to the Town are subject to the Goods and Services Tax, and therefore an additional seven (7%) percent must be added to the fees calculated using this Schedule and paid by the Owner to the Town. The aforesaid amount is to be paid prior to issuance of the Authorization to ,Commence Works for each stage shown on the Staging Plan. . ~ Province ~V~ of ~ Ontario Document General Form 4 - Land Registration Reform Act, 1984 Form No. 985 .. II, . .. o (1) Registry D (3) Property Identlfler(s) Land TItles d T (2) Page 1 of 11 pages .~) Block Property Additional: See D Schedule 'i.., (4) Nature of Document Application to Register Notice of Servicing Agreement (Section 74 of the Act) (5) Consideration r'~~ 101, f. >- ...J Z o w (/) :::l w () u: u. o II: o U. :r ....... ::r ~ Ct'1 .... ,,- i::i co ::r l.() .~d,~ t,::: ~~ l. :i..~ "'"".:'" ,.::ii" ~i:t ! ,..... :;(; "J.'" ,.,:.... f" >'.:':~ :::::l t'- .-i f i~ \~::~* It"'.~ \ \ '.':" , ,,,,~ 1,i -.J ~; ...,1 1: .... \ Dollars $ t'.:,..~ Ie::::;) .~ (6) Description i r; l'-"~ , , l r:; New"P'ropertYldentifJ.STs ~ Part of Parcel Plan 1, Section 40M-1691, in the Town of Newcastle, in the Regional Municipality of Durham, being Parts of Block 18, Plan 40M-1691, designated as Parts 1, 2, 3 and 4, Plan 40R-14116 ''''J en .. Additional: See Schedule D Executions Additional: See Schedule D (7) This Document Contains: (a) Redescription New Easement Plan/Sketch ! (b) Schedule for: D! Description D Additional Parties D Other ~ (8) This Document provides as follows: TO: The Land Registrar for the Land Titles Division of ~~i{~n TalvutRff4066) The Corporation of the Town of Newcastle has an unregistered estate, right, interest or equity in the land registered in the name of Veltri and Sons Corporation as Part of Parcel Plan 1, Section 40M-1691 in the Town of Newcastle, Regional Municipality of Durham and hereby applies under Section 74 of the Land Titles Act for the entry of a Notice of Servicing Agreement in the Register for the said Parcel. Continued on Schedule 0 (9) This Document relates to Instrument number(s) (10) Party(les) (Set out Status or Interest) Name(s) Signature(s) Date of Signature Y M D 1992 ! 06 i (" . . . . . 1 . . 'r . . , , : ! . . . . . ; . . ':" . . : : , : . . . . . ; . . .l. . . l ! , , , , : , THE CORPORATION OF THE TOWN . , , 'OF' NEwcAsTLE 'by ii soiidio'rs' . . . . , . . . . . . . . . . . .SHIBLEY.&IGllTON.per Nlcnolas. . . . . . . . . . . . T. Macos ~./.~ . Nichoias T. 'Macos' . . . . . . . . . . . . . . . . (11) Address for Service 40 Temperance Street, Bowmanville, Ontario LIC 3A6 (12) Party(ies) (Set out Status or Interest) Name(s) Signature(s) Date of Signature Y M D . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . .. .................................. ..... .. ... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. .................................. ..... .. ... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. .................................. ..... .. ... (13) Address for Service not assigned Shibley Righton Barristers & Solicitors Suite 1800 401 Bay Street Toronto, Ontario M5H 2Z1 Attn: Nicholas T. Macos III >- ..J Z Registration Fee o w (/) :::l w () u. u. o 0: o l~ Fees and Tax (14) Municipal Address of Property (15) Document Prepared by: Total 10174 (12/84) . tl, "!.' ,,' , THIS AGREEMENT made as of this 21st day of April, 1992. DElWEEN: THE CORPORATION OF THE TOWN OF NEWCASTLE - and - VELTRI AND SONS CORPORATION and MARIO VELTRI SERVICING AGREEMENT Page 2 ARTICLE 1.1 1.2 ARTICLE 2.1 2.2 2.3 2.4 2.5 2.6 2.7 2.8 2.9 2.10 2.11 2.12 2.13 2.14 2.15 ARTICLE 3.1 3.2 3.3 3.4 3.5 3.6 3.7 3.8 3.9 3.10 3.11 3.12 3.13 3.14 3.15 3.16 INDEX 1 - INTERPRETATION AND SCHEDULES Definitions Schedules . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..... ......................... .... ...... ... 2 - GENERAL ...... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Recitals in Operative Part of Agreement Certification of Ownership Not Used ............................................ Transfer of Easements Transfer of Lands . . . Registration of Transfers Not Used ............................................ Charge on Lands ...................................... Registration of Agreement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Not Used ............................................ ........ .... ......... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............ ........ .... ........ Town to Act Promptly Assignment of Agreement Not Used ............................................ Notification of Owner Successors ........ ...... ...... ..... ....... .... ............... ....... ...... ... ..... ......................... ..... ..... ... 3 - FINANCIAL. . . ....... ... ...... ..... ....... ..... ..... Payment of Taxes ................ Payment of Local Improvement Charges Payment of Drainage Charges ...... ... .... ...... ... . ........ ..... ....... ............. ............ .... Development Charge . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Not Used .................. . ..... ........ ..... ....... Performance Guarantee Required Use of Performance Guarantee Indemnification of Town Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Maintenance Guarantee Required Use of Maintenance Guarantee ............................ Requirements for Release of Performance Guarantee ............ Requirements for Release of Maintenance Guarantee ............ Payment of Town's Costs ............ ....... ..... .... ............ ............. ........ ......... ... .......... .... .. .............. ...... ..... ..... Unpaid Monies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Not Used . ............ ............ ........ .... ....... Page 3 7 7 9 10 10 10 10 10 11 11 12 12 12 12 12 12 12 12 13 13 13 13 13 13 14 14 14 14 15 15 16 16 17 17 17 18 ARTICLE 4.1 4.2 4.3 4.4 4.5 4.6 4.7 4.8 4.9 4.10 4.11 4.U ARTICLE 5.1 5.2 5.3 5.4 5.5 5.6 5.7 5.8 5.9 5.10 5.11 5.U 5.13 5.14 5.15 5.16 5.17 5.18 .' 5.19 5.20 5.21 5.22 5.23 5.24 5.25 5.26 5.27 4 - PLANNING Not Used Not Used .......... Not Used Not Used .................. Not Used .................... Not Used Not Used ... Not Used ................. Not Used .......... Not Used Not Used ...... Not Used ... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 - PUBLIC WORKS .... Town Works Required. . . Utilities and Services Required Owner's Engineer . . . . . . . . . . . . . . . . . . . . . . . . ..... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Design or Works . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Approval of Engineering Drawings Approval of Grading and Drainage Plan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Not Used ................. . . . . . . . . . . Approval of Schedule of Works Approval of Works Cost Estimates Requirements for Authorization to Commence Works . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Not Used .............. . . . . . . . . . . Inspection and Stop Work. . . . . . . . Construction in Accordance with Engineering Drawings ...... Sequence of Construction of Works ............ Completion Time for Construction of Works . . . . . . . . . . . . . . Minor Additional Work. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Incomplete or Faulty Works and Liens Entry for Emergency Repairs Damage to Existing Services Damage to Neighbouring Wells ........ Use of Works by Town ....... Maintenance of Roads after Completion . . Requirements for Certificate of Completion .. Requirements for Certificate of Acceptance ..... Ownership of Works by Town .............. Requirements for Certificate of Release Not Used . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Page 4 18 18 18 18 18 18 18 18 18 18 18 18 18 . . . 18 18 19 19 19 20 20 20 20 21 21 22 22 23 23 23 23 24 25 25 26 27 28 28 29 29 29 30 Page 5 5.28 Not Used ............................................ 30 5.29 Cost oCWorks ReCerred to in Schedule "G" . . . . . . . . . . . . . . . . . . .. 30 ARTICLE 6 - COMPLIANCE WITH REGULATIONS ................... 31 ARTICLE 7 - RESPONSIBILIlY OF SUBSEQUENT OWNERS .......... 31 ARTICLE 8 - TIME OF ESSENCE ................................ 31 ARTICLE 9 - AUTHORIlY TO MAKE AGREEMENT ................ 32 SCHEDULES TO AGREEMENT Schedule "G" Schedule "H" Schedule "I" Schedule "J" Schedule "K" Schedule "L" Schedule "M" Schedule "N" Schedule "0" Schedule "P" Schedule "P-l" Schedule "Q" Schedule "R" Schedule "S" Schedule "T" Schedule "U" Schedule "V" Schedule "W" Schedule "Y" "Legal Description oC the Lands" Not Used Not Used "Charges Against the Lands" Not Used "Transfers of Easements" "Lands to be Transferred to Town and/or Cash to be Paid in Lieu Thereof" "Works Required" "Utilities and Services Required" "Duties oC Owner's Engineer" "Works Cost Estimates" "Insurance Required" "Regulations for Construction" Not Used Not Used Not Used Not Used Not Used Not Used "Engineering and Inspection Fees" Not Used Not Used Not Used Not Used Not Used Not Used Schedule "A" Schedule "A-1" Schedule "B" Schedule "C" Schedule "D" Schedule "E" Schedule "F' Page 6 THIS AGREEMENT made as of this 21st day of April, 1992. BETWEEN: THE CORPORATION OF THE TOWN OF NEWCASTLE (hereinafter called the "Town") OF THE FIRST PART . and - VELTRI AND SONS CORPORATION and MARIO VELTRI (hereinafter called the "Owner") OF THE SECOND PART WHEREAS A The lands owned by the Owner which are affected by this Agreement are described in Schedule "A" hereto (the "Lands"). By Decisions LD137/91 to LD140/91, inclusive, and LD345/91, pursuant to section 53 of the Planning Act, R.S.O. 1990 c.P.13 the Region of Durham Land Division Committee consented to the severance of the Lands conditional among other things on the Owner satisfying the Town financially and otherwise. The Town has required the Owner to make this Agreement in partial satisfaction of the aforesaid condition. B The Owner represents and warrants that it is the registered Owner of the Lands in fee simple absolute. C The Owner represents and warrants that it has or will enter into an Agreement with the appropriate Public Utilities Commission or other authority or company having jurisdiction in the area of the said Lands for the design and installation of the utilities and services referred to in Schedule "H" and hereinafter called the "Utilities and Services". D The Town and the Owner hereby recognize and agree that the purpose of this Agreement is to state the covenants of both parties with respect to the design and subsequent construction of a roadway, storm sewer and associated works within the said Lands. E This Agreement is made pursuant to section 53 of the Planning Act. It is authorized by By-law 92-121 passed on 21st day of April, 1992. NOW THEREFORE WITNESSETH THAT in consideration of the premises and the covenants hereinafter expressed, and the sum of two ($2.00) dollars of lawful money of Canada, now paid by each Party to the others (the receipt whereof by each Party is hereby acknowledged), the Parties hereto covenant and agree to and with each other as follows: Page 7 ARTICLE J . INTERPRETATION AND SCHEDULES 1.1 Definitions (1) In this Agreement the term: (a) "Applicant" means an individual, an association, a partnership or corporation who applies for the necessary building permits for the lots or blocks covered by this Agreement. (b) "Authorization to Commence Works" has the meaning assigned to it in paragraph 5.10 of this Agreement. (c) "Certificate of Acceptance" has the meaning assigned to it in paragraph 5.24 of this Agreement. (d) "Certificate of Completion" has the meaning assigned to it in paragraph 5.23 of this Agreement. (e) "Certificate of Release" has the meaning assigned to it in paragraph 5.26 of this Agreement. (f) "Cost of Works" referred to in Schedule "G" has the meaning assigned to it in paragraph 5.29 of this Agreement. (g) "Council" means the Council of The Corporation of the Town of Newcastle. (h) "Damaged Services" has the meaning assigned to it in paragraph 5.19 of this Agreement. (i) "Director" or "Director of Public Works" means the Director of Public Works of the Town or his designated representative. G) "Engineering Drawings" has the meaning assigned to it in paragraph 5.5 of this Agreement. (k) "Grading and Drainage Plan" has the meaning assigned to it in paragraph 5.6 of this Agreement. (1) "Hydrogeologist" has the meaning assigned to it in paragraph 5.20(1) of this Agreement. Page 8 (m) "Land Registry Office" has the meaning assigned to it in Schedule "A" of this Agreement. (n) "Lands" has the meaning assigned to it in Recital A of this Agreement. (0) "Maintenance Guarantee" has the meaning assigned to it in paragraph 3.10(1) of this Agreement. (P) "Monitoring Program" has the meaning assigned to it in paragraph 5.20(1) of this Agreement. (q) "Owner" means the Party of the Second Part to this Agreement, its successors and assigns and when used to refer to a successor or assignee of such Party, or to another person, an owner includes an individual, an association, a partnership or a corporation, (r) "Owner's Engineer" means a professional Civil Engineer, registered by the Association of Professional Engineers of Ontario. (s) "Performance Guarantee" has the meaning assigned to it in paragraph 3.6 of this Agreement. (t) "Reapproved Engineering Drawings" has the meaning assigned to it in paragraph 5.5 of this Agreement. (u) "Reapproved Grading and Drainage Plan" has the meaning assigned to it in paragraph 5.6 of this Agreement. (v) "Schedule of Works" has the meaning assigned to it in paragraph 5.8 of this Agreement. (w) "Security for the Maintenance Guarantee" has the meaning assigned to it in paragraph 3.10(2) of this Agreement. (x) "Solicitor" means the Solicitor for the Town. (y) "Storm Sewer Work" has the meaning assigned to it in Schedule "G" of this Agreement. (z) "Town" means The Corporation of The Town of Newcastle or any official, designated by Council to administer the terms of this Agreement. Page 9 (aa) ''TreasllfP-r'' means thp. Tr"~.sP"o-:p'f the Town of Newcastle or his designated representative. (ab) "Utilities and Services" means the utilities and services referred to in Schedule "H" of this Agreement. (ac) "Works" has the meaning assigned to it in paragraph 5.1 of this Agreement. (ad) "Works Cost Estimates" has the meaning assigned to it in paragraph 5.9 of this Agreement. (ae) "Works to be Relocated" has the meaning assigned to it in paragraph 5.28 of this Agreement. (2) Whether or not it so provides explicitly, every provision of this Agreement by which the Owner is required to undertake any action shall be deemed to include the words "at the cost of the Owner". (3) Unless the context otherwise requires when used in this Agreement, the singular includes the plural and the masculine includes the feminine. 1.2 Schedules The following Schedules which are attached hereto, together with all provisions therein, are hereby made a part of this Agreement as fully and for all purposes as would be the case if they were set out in the text of this Agreement as covenants and agreements: Schedule "G" "Legal Description of the Lands" Not Used Not Used "Charges Against the Lands" Not Used ''Transfers of Easements" "Lands to be Transferred to Town and/or Cash to be Paid in Lieu Thereof' "Works Required" "Utilities and Services Required" "Duties of Owner's Engineer" "Works Cost Estimates" "Insurance Required" "Regulations for Construction" Not Used Schedule "A" Schedule "A-I" Schedule "B" Schedule "C" Schedule "D" Schedule "E" Schedule "F' Schedule "H" Schedule "I" Schedule "J" Schedule "K" Schedule "L" Schedule "M" Page 10 Schedule "Nil Schedule "0" Schedule "P" Schedule "P-l" Schedule "Q" Schedule "R" Schedule "S" Schedule 'T' Not Used l"'u~ u~t;u Schedule "U" Schedule "V" Schedule "W" Schedule "Y" Not Used Not Used Not Used "Engineering and Inspection Pees" Not Used Not Used Not Used Not Used Not Used Not Used ARTICLE 2 - GENERAL 2.1 Recitals in ODerative Part of Aueement The Owner represents and warrants to the Town that each of Recitals A to C of this Agreement is correct. 2.2 Certification of Ownership (1) On the date of execution of this Agreement, the Owner shall provide the Town with a letter signed by an Ontario Solicitor and addressed to the Town certifying as to the title of the Lands and setting out the names of all persons having interests in the Lands and the nature of their interests. (2) On the date of execution of this Agreement, the Owner shall provide the Town with a letter signed by an Ontario Solicitor and addressed to the Town certifying as to the title of any land outside the limits of the Lands which is to be conveyed to the Town or in which easements are to be transferred to the Town pursuant to the terms of this Agreement. 2.3 Not Used 2.4 Transfer of Easements (1) On the execution of this Agreement, the Owner, at its cost, shall deliver to the Town the executed transfers of easements which are set out in Schedule "E" and shall pay to the Town in cash or by certified cheque the amount which is equal to any tax, fee or cost payable at t~e time of cr in respect of the registration of such transfers against the title to the lands to which they apply. Such transfers shall be free and Page 11 clear of all encumbrances and restrictions shall be made for a nominal consideration, shall contain provisions SatlSIactory to me Towns ~OllC110r, anll snan lJe 10 registerable form. (2) Subsequent to the date as of which this Agreement is made, if in the opinion of the Director further easement(s) in any portion of the Lands or other lands owned by the Owner are required to be transferred to the Town, the Region of Durham, the Newcastle Hydro-Electric Commission or other appropriate authority or company for Town purposes, Region of Durham purposes or for Utilities and Services, as the case may be, or for drainage purposes, the Owner agrees to transfer to the Town, the Region of Durham, the Newcastle Hydro-Electric Commission or other appropriate authority or company, as the case may be, such further easement(s) forthwith after a written request to do so is given to it by the Director. Notwithstanding the foregoing, the Director shall not request such further easement(s), if its creation would prevent the erection of a building on the Lands, the plans and drawings for which have been approved by the Town pursuant to Section 40 of the Planning Act, 1983. If further easements are requested to be transferred to the Town, the Region of Durham, the Newcastle Hydro-Electric Commission, or other appropriate authority or company, as the case may be, the provisions of paragraph 2.4(1) shall apply with all necessary changes to it being considered to have been made to give effect to the intent of this paragraph 2.4(2). 2.5 Transfer of Lands On the execution of this Agreement, the Owner shall deliver to the Town executed transfers, sufficient to vest in the Town title in fee simple absolute free and clear of all encumbrances and restrictions, of the lands set out in paragraph 1 of Schedule "F' hereto and shall pay to the Town in cash or by certified cheque an amount of money which is equal to any tax, fee, or cost payable at the time of or in respect of the registration of such transfers against the title to the lands to which they apply. All transfers referred to in this paragraph 2.5 shall contain provisions to the satisfaction of the Town's Solicitor, shall be made for a nominal consideration, and shall be in a registerable form. 2.6 Reeistration of Transfers The transfers of easements and lands referred to in paragraphs 2.4 and 2.5 shall be prepared by the Owner and shall be registered at the Owner's expense, at the same time as the Plan is registered. If such transfers are of or in respect of lot(s) or block(s) which are to be defined on the final Plan of Subdivision of the Lands when the Plan is approved and registered against title, the registered number of the Plan shall be left blank and the Owner hereby authorizes the Town to ;nsert such Flan number after registration of the Plan. Page 12 2.7 Not Used 2.8 Char-ee on Lands The Owner hereby charges all its interest in the Lands with the obligations set out in this Agreement. 2.9 Reeistration of A&reement The Owner hereby consents to the registration of this Agreement or a notice thereof against the title to the Lands. The Owner will not register, permit or suffer any person to register any instrument after the date as of which this Agreement is made against the title to the Lands unless this Agreement and any transfers or other documents required to be furnished hereunder have first been registered against the title to the Lands. 2.10 Not Used 2.11 Town to Act Promptly Wherever the Town, the Town's Solicitor, the Town's Treasurer or any Town Director is required to take action pursuant to this Agreement, or is required to make a decision or render an opinion, or give confirmation or give authorization, permission or approval, then such action, decision, confirmation, authorization, permission or approval shall be made promptly in all respects and the Town and its officials shall act reasonably. 2.12 Assi~ment of Aa:reement The Owner shall not assign this Agreement without prior written consent of the Town. For greater certainty, any assignment which is made contrary to this paragraph 2.12 does not relieve a subsequent Owner of the Lands of any of his obligations under this Agreement. 2.13 Not Used 2.14 Notification of Owner If any notice or other document is required to be or may be given by the Town or by any official of the Town to the Owner under this Agreement, such notice shall be transmitted by telefax or mailed by first class prepaid post or delivered to: The Owner: Veltri and Sons Corporation 68 King Street East Bowmanville, Ontario LlC 3X2 Page 13 or such other telefax number or address of which the Owner has notified the Town in writing. Any such notice so telefaxed or delivered shall be deemed good and sufficient notice under the terms of this Agreement and shall be effective from the date which it is so telefaxed or delivered. Any such notice so mailed shall be deemed good and official notice under the terms of the Agreement and shall be effective five (5) days from the date on which it is so mailed. 2.15 Successors This Agreement shall enure to the benefit of and be binding on the Parties hereto, and their respective successors and assigns. ARTICLE 3. FINANCIAL 3.1 Pa,yment of Taxes Prior to the date of execution of this Agreement, the Owner shall pay all municipal taxes outstanding against the Lands, as set out in Schedule "C' hereto. In addition, the Owner shall pay any municipal taxes which may become due in respect of the whole or any one or more portions of the Lands after the date of execution of this Agreement in accordance with the law. 3.2 Payment of Local ImDrovement Charl:es Prior to the execution of this Agreement, the Owner shall pay all charges with respect to local improvements assessed against the said Lands as set out in Schedule "e" hereto. Such charges shall include the Town's share of any local improvements which serve the said Lands and shall include the commuted value of such charges including charges falling due after the date of the execution of this Agreement. 3.3 pa,yment of Drainal:e Charl:es Prior to the execution of this Agreement, the Owner shall pay all drainage charges assessed under the Drainage Act, R.S.O. 190, c.D.l?, and the Tile Drainage Act, R.S.O. 1990, c.T.8 against the Lands, as set out in Schedule "C' hereto, including the commuted value of such charges falling due after the date of execution of this Agreement. 3.4 Development Charl:e The Owner represents and warrants to the Town that the Works referred to in this Agreement comprise local services installed at the expense of the Owner as a condition of approval under section 53 of the Planning Act, R.S.O. 1990 c.P.B. Page 14 3.5 Not Used 3.6 Performance Guarantee Reauired Prior to the date of issuance of any Authorization to Commence Work, the Owner shall deposit with the Town, cash or an irrevocable and unconditional letter of credit issued by a bank listed in Schedule "A" or "B" of the Bank Act, acceptable to the Town's Treasurer, and containing terms satisfactory to the Town's Treasurer. The deposit shall be in the amount which is required to secure to the Town the performance by the Owner of its covenants contained in this Agreement to construct and install the Works. Such cash deposit or letter of credit shall be in an amount equal to the "Works Cost Estimates" (as hereafter defined) for the construction and installation of the Works which either are the subject of an Authorization to Commence Work or with respect to which an Authorization Application has been made by the Owner. (The cash deposit(s) or letter(s) of credit which is (are) to be deposited by the Owner pursuant to this paragraph 3.6 is called the "Performance Guarantee".) 3.7 Use of Performance Guarantee From time to time the Town may appropriate the whole or anyone or more portions of the Performance Guarantee up to an amount(s) determined by the Director, which in aggregate shall not exceed the amount(s) required to remedy the Owner's default at the date of the appropriation. Forthwith after making each such appropriation, the Director shall give the Owner written notice thereof and the Owner shall forthwith reinstate the Performance Guarantee to the full amount(s) required by this Agreement. 3.8 Indemnification of Town (1) The Owner shall defend, indemnify and save the Town harmless from and against all actions, claims, liabilities, losses, damages and expenses including reasonable legal fees which arise by reason of or are caused in whole or in part by the making and/or the implementation of this Agreement, the design, construction, installation and/or " use of the Works provided for in this Agreement. (2) Except with respect to the use of the Works the Owner shall continue to indemnify and save harmless the Town as provided in paragraph 3.8(1) notwithstanding the issuance of a Certificate of Release to the Owner and notwithstanding any arrangements that may be made by the Town with any person respecting any of the matters indemnified against under this Agreement. (3) For greater certainty, the making of this Agreement is not intended to and shall not Page 15 have the effect of requiring the Town to do or refrain from doing any act or making any recommendation necessary for the Owner to satisfy the conditions of approval of the severances of the Lands pursuant to Decisions LD137/91 to LD140/91 of the Region of Durham Land Division Committee, with the exception of the conditions requiring the making of this Agreement. 3.9 Insurance The Owner shall obtain and maintain the insurance and deposit the proof thereof as required by Schedule "K" of this Agreement on or prior to the execution of this Agreement and thereafter in accordance with Schedule "K". 3.10 Maintenance Guarantee Required (1) From the date of issuance of a Certificate of Completion of the Works or any of them, until the date of issuance of a Certificate of Acceptance of such Works, the Owner agrees with the Town to promptly correct, remedy, repair or replace any portion or component of such Works that the Director determines to be defective or deficient having regard to the provisions of this Agreement at the Owner's cost (the "Maintenance Guarantee"). The Owner shall be given written notice of any such deficiency or defect by the Director forthwith after he identifies the same. (2) Prior to the date of issuance of a Certificate of Completion of the Works or any of them, the Owner will deposit with the Town cash or an irrevocable and unconditional letter of credit issued by a bank listed in Schedule "A" or "B" of the Bank Act acceptable to the Town's Treasurer which contains terms satisfactory to the Town's Treasurer (the "Security for the Maintenance Guarantee"). The Security for the Maintenance Guarantee shall be in an amount not less than fifteen (15%) percent of the cost of the Works in question referred to in Schedule "J" hereto. In the event that the Owner fails to perform the Maintenance Guarantee, the Town may correct, remedy, repair or replace the defective or deficient Works, portion of Works or component thereof and appropriate the whole or any part of the Security for the Maintenance Guarantee as is necessary to indemnify the Town in respect of the cost of doing so. (3) The Maintenance Guarantee expires on the date of issuance of the Certificate of Acceptance of the Works covered by the Certificate of Completion referred to in paragraph 3.10(1) which shall not be earlier than the date of expiry of the relevant period of the Maintenance Guarantee for the following Works as set out below: (1) "Road": a minimum of two (2) years commencing on the date of issuance of the Certificate of Completion for the Road and terminating on the date of Page 16 issuance of the Certificate of Acceptance for the Road. (2) "Storm Sewer Work" (as hereafter defined): a minimum of two (2) years commencing on the date of issuance of the Certificate of Completion for the Storm Sewer Work and terminating on the date of issuance of the Certificate of Acceptance for the Storm Sewer Work. 3.11 Use of Maintenance Guarantee From time to time, the Town may appropriate the whole or any part of the Security for the Maintenance Guarantee if the Owner fails to pay any cost(s) payable by the Owner to the Town under this Agreement. The amount(s) of such appropriation shall not exceed the cost as determined by the Director of correcting the deficiency(s) or defect(s) in the Works or a portion or component thereof, which is covered by the Maintenance Guarantee and is in question. Forthwith, after the Town makes any such appropriation, the Director shall give the Owner written notice thereof. Forthwith, after the giving of such notice, the Owner shall restore the Security for the Maintenance Guarantee to the full amount required by this Agreement. 3.U Requirements for Release of Performance Guarantee (1) Prior to the release of the Performance Guarantee, in the discretion of the Director, the amount of the Performance Guarantee may be reduced, from time to time, to reflect the progress of completion of the Works and other facilities and improvements which are required to be constructed and installed by the Owner after taking into account any outstanding claims the satisfaction of which is provided for in this Agreement. The maximum reduction that may be permitted to be made by the Director is to an amount equal to the value of the uncompleted Works and the other facilities and improvements, as determined by the Director, plus fifteen (15%) percent of the value of the completed Works, facilities and services, also determined by the Director having regard to the Progress Certificate prepared by the Owner's Engineer in respect of the completed Works if such has been submitted to the Town by the Owner. , ' (2) The Owner will not require the Town to release to the Owner any unused portion of the Performance Guarantee until each of the following conditions is satisfied: (a) a Certificate of Completion has been issued for the Works for which such Performance Guarantee is required under this Agreement; (b) the Owner has deposited with the Town, the Maintenance Guarantee applying to the Works for which the Performance Guarantee was required; and Page 17 (c) the Town is satisfied that in respect of the construction and installation of the Works for which such Performance Guarantee was required, there are no outstanding claims to such Works. 3.13 Requirements for Release of Maintenance Guarantee The Owner agrees that the Town shall not be required to release to the Owner the Security for the Maintenance Guarantee until the following conditions are satisfied: (a) A Certificate of Acceptance has been issued for the Works for which such Maintenance Guarantee is required under this Agreement. (b) The Town is satisfied that there are no outstanding claims relating to such Works. (c) The Town has received the as-built drawings for such Works from the Owner. 3.14 Payment of Town's Costs (1) On the execution of this Agreement the Owner shall reimburse the Town without duplication for all reasonable, legal, planning, engineering and other technical advice, and administrative expenses actually incurred for the preparation and registration of this Agreement and the reasonable cost of all legal services contemplated by the terms of this Agreement, which include the review of the Performance Guarantee, the review of the Security for the Maintenance Guarantee and the preparation of a Certificate(s) of Release, provided that services have actually been performed for the Town. (2) The Owner shall pay to the Town for all estimated engineering and inspection costs in accordance with the provisions of Schedule "R" forthwith after a written demand therefor is given to the Owner by the Director. (3) "After giving reasonable notice to the Town, the Owner may inspect, during regular business hours, such accounts, invoices, time records and other documents and calculations of charges for which the Town is requiring reimbursement pursuant to paragraphs 3.14(1) and 3.14(2). 3.15 Unpaid Monies Except as otherwise provided in this Agreement, the due date of any money payable under it, unless a different due date is specified in this Agreement, shall be thirty (30) days Page 18 after the date of the giving of the written invoice to the Owner. Interest shall be calculated and be paid by the Owner to the Town on all sums of money of which the Owner is in default at the same rate, and in the same manner, and at the same time as is the case with Town taxes which are in arrears at the date on which the default in question commences. There shall be added to the interest so calculated and payable, an amount which is equal to the late payment charge which may be added to Town tax arrears payable by a ratepayer of the Town at the date on which the default in question commences. 3.16 Not Used ARTICLE 4 - PLANNING 4.1 Not Used 4.2 Not Used 4.3 Not Used 4.4 Not Used 4.5 Not Used 4.6 Not Used 4.7 Not Used 4.8 Not Used 4.9 Not Used 4.10 Not Used 4.11 Not Used , , 4.U Not Used ARTICLE 5 - PUBLIC WORKS 5.1 Town Works Reouired The Owner covenants and agrees with the Town, at the Owner's expense, to construct and install the facilities, services, works, improvements and landscaping more Page 19 particularly described in Schedule "G" hereto (which in this Agreement collectively are called the "Works"). From the date of the commencement of the construction and installation of the Works until the date of issuance of a Certificate of Acceptance of them the Owner shall be fully responsible for the maintenance of the Works including the cost thereof. After the issuance of a Certificate of Acceptance, the Works referred to in such Certificate shall be the responsibility of the Town. 5.2 Utilities and Services Required Either prior to or forthwith after the date of this Agreement, the Owner shall enter into an Agreement(s) with the Newcastle Hydro-Electric Commission and/or such other authority or company having jurisdiction in respect of the Utilities and Services referred to in Schedule "H" in the area in which the said Lands are located which provides for the matters referred to in Schedule "H". 5.3 Owner's En2ineer The Owner shall retain the Owner's Engineer who shall perform the duties set out in Schedule "I". Forthwith after retaining its Engineer, the Owner shall give the Director written notice of the name and address of the Owner's Engineer. 5.4 Desi~ of Works (1) The Owner covenants and agrees that the design of all the Works shall conform with the Town's Design Criteria and Standard Drawings. In the event of any dispute as to such requirements or their interpretation, the dispute shall be resolved by the Director whose decision shall be final. (2) The Owner shall provide and submit to the Director all necessary Engineering Drawings and obtain all approvals for the construction and installation of the Works, as required by this Agreement. (3) On the execution of this Agreement, the Owner, at its expense, shall transfer to the >- Town any land or easements considered necessary in the opinion of the Director to accommodate the construction, installation and maintenance of the Works. For greater certainty, the Parties agree that the provisions of paragraphs 2.4 and 2.6 shall apply in respect of any such transfers of easements with all necessary changes to being considered to have been made to give effect to the intent of this paragraph 5.4(3). Each transfer of land shall be in fee simple absolute, and free and clear of all encumbrances and restrictions. It shall be prepared by the Owner in registerable form and contain terms satisfactory to the Town's Solicitor. At the time of delivery of each transfer of land or easement to the Town, the Owner shall pay to the Town Page 20 in cash or by certified cheque an amount equal to any tax, fee or charges payable at the time of or in respect of the registration of such transfer against title to the lands to which it applies. 5.5 Approval of En2ineerin2 Drawin2s Prior to the issuance of any Authorization to Commence Works, the Owner shall obtain the written approval of the Director of all necessary drawings of the Works (the "Engineering Drawings"). If construction and installation of the Works has not commenced within two (2) years from the date of approval of the Engineering Drawings, the Engineering Drawings shall be resubmitted to the Director for his reconsideration and approval after any revisions required by the Director have been made to them (the "Reapproved Engineering Drawings"). From and after the approval by the Director of the Reapproved Engineering Drawings, they shall be deemed to be the Engineering Drawings for the purpose of this Agreement, and thereafter all Works shall be constructed and installed in accordance with them. 5.6 Approval of Gradin~ and Draina~e Plan Prior to the issuance of any Authorization to Commence Works, the Owner shall obtain the written approval of the Director of an appropriate Plan showing thereon the existing drainage pattern on all lands adjacent to the Lands, and all proposed grading and drainage Works for the said Lands, and indicating the direction of all surface drainage, including water from adjacent lands originally flowing through, into or over the said Lands to the municipal storm sewer system or any other outlet approved by the Director (the "Grading and Drainage Plan"). The written approval of the Director of the Grading and Drainage Plan shall be obtained prior to the commencement of construction or installation of any of the Works on the Lands. If construction of such Works is not commenced within two (2) years from the date of approval of the Grading and Drainage Plan, the Grading and Drainage Plan shall be resubmitted to the Director for his reconsideration, and approval by the Director after any revisions required by the Director have been made to it, (the "Reapproved Grading and Drainage Plan"). From and after the approval by the Director of the Reapproved Grading and Drainage Plan, it shall be deemed to be the Grading and Drainage Plan for the purposes of this Agreement, and thereafter all Works shall be constructed and installed in accordance with it. 5.7 Not Used 5.8 Approval of Schedule of Works Prior to the issuance of any Authorization to Commence Work, the Owner shall obtain the written approval of the Director of a draft schedule (the "Schedule of Works") Page 21 which sets out the time at which, and the sequence in which, the Owner proposes to construct and install each of the Works, Utilities and Services which are required to be constructed and installed by it in accordance with this Agreement. 5.9 Approval of Works Cost Estimates Prior to the issuance of any Authorization to Commence Works, the estimated cost of construction and installation of the Works, (the "Works Cost Estimates"), shall be approved by the Director and entered in Schedule "J" hereto. 5.10 Requirements for Authorization to Commence Works (1) The Owner shall not commence the construction or installation of any of the Works without the written permission of the Town, (the "Authorization to Commence Works"). The Owner shall only commence the construction and installation of those Works permitted by the Authorization to Commence Works. In addition to satisfying of the other requirements of this Agreement in respect thereof, an Authorization to Commence Works shall not be issued for any of the Works for which the Authorization is sought until the following conditions have been satisfied: (a) the Owner has delivered the transfers of easement to the Town in accordance with paragraphs 2.4 and 2.6 of this Agreement; (b) Not Used ( c) the Owner has delivered to the Town letters signed on behalf of the Newcastle Hydro Electric Commission, and/or other authority or company having jurisdiction with respect to the Utilities and Services that are referred to in Schedule "H" that satisfactory Agreement(s) have been entered into by the Owner with them for the design, construction, installation and services of the Utilities and Services as is required by paragraph 5.2 of this Agreement; (d) the Owner has retained an Engineer in compliance with paragraph 5.3 of this " Agreement and has confirmed the name and address of the Owner's Engineer to the Director in writing; (e) the Owner has been given the written approval of the Director of the Engineering Drawings as required by paragraph 5.5 of this Agreement; (f) the Owner has received the written approval of the Director of the Grading and Drainage Plan required by paragraph 5.6 of this Agreement; Page 22 (g) the Owner has received the written approval of the Director of the Schedule of Works as required by paragraph 5.8 of this Agreement; (h) the Owner has received the written approval of the Director to the Works Cost Estimates as required by paragraph 5.9 of this Agreement; (i) the Owner has deposited with the Town the Performance Guarantee required by paragraph 3.6 and other provisions of this Agreement and has made all cash payments to and deposited all letters of credit with the Town as required by this Agreement; (j) the Owner has deposited with the Town all policies of insurance or proof thereof required by paragraph 3.9 and Schedule "K" of this Agreement; (k) the Owner has paid all costs required to be paid to the Town by paragraph 3.14 of this Agreement on or prior to the date of issuance of the Authorization to Commence Works; and (1) the Owner has deposited with the Director written approval of all relevant approving agencies including the Certificate(s) of Approval issued by the Ministry of the Environment with respect to the watermain, sanitary and storm sewers for which Authorization to Commence Works is sought, the written approval of the Minister of Natural Resources, and the written approval of the Central Lake Ontario Conservation Authority. 5.11 Not Used 5.U Inspection and StOD Work The Owner shall ensure that every contract that may be made by the Owner with any contractor to construct or install any of the Works shall provide that employees or representatives of the Town may, at any time, inspect the work of such contractor and shall require the contractor to comply with stop work orders given by the Director pursuant to this paragraph 5.12. The Director, after consultation with the Owner's Engineer, may give the Owner, if it does not retain a contractor, or if it does, the Owner's contractor, a written order to stop any work that is being undertaken if, in the Director's opinion, either the work is not being undertaken such that a completed construction and installation of the Works satisfactory to the Town in accordance with this Agreement will result, or if the Performance Guarantee required to be provided pursuant to this Agreement in respect of the Works is not maintained in good standing. The Owner and the Owner's contractor shall comply with the stop work order forthwith on it being given by the Director. Page 23 5.13 Construction in Accordance with En2ineerin~ Drawin~s (1) The Works shall be constructed and installed in accordance with the Engineering Drawings as approved by the Director. No deviation from the Engineering Drawings is permitted unless such deviation is authorized in writing by the Director before it is undertaken. All construction and installation of the Works, shall be undertaken and carried out by the Owner or by the Owner's contractor, as the case may be, in accordance with the regulations for construction set out in Schedule "L". (2) The Owner shall keep the Town road surfaces and ditches clean of dirt, mud and refuse until all Works contemplated by this Agreement including the "Storm Sewer Work" (as hereinafter defined) have been completed. After the expiry of twenty- four (24) hours following the giving of written notice requiring the Owner to do so, if the Owner has not performed its obligations under this paragraph 5.13(2), the Town may do so and deduct the reasonable cost thereof from the Performance Guarantee. The Owner shall restore the Performance Guarantee to the amount otherwise required by this Agreement, forthwith after the Director gives the Owner written notice of the amount of the deduction in question. 5.14 Sequence of Construction of Works Following the issuance of an Authorization to Commence Works, the Owner shall proceed in good faith to construct and install all of the Works referred to in the Authorization to Commence Works continuously and in accordance with the timing and sequence therefor set out in the Schedule of Works. 5.15 Completion Time for Construction of Works Within two (2) years of the date of the issuance of an Authorization to Commence Works, the Owner shall complete the construction and installation of all of the Works authorized in such Authorization to Commence Works with the exception of the curbs, sidewalks, final coat of asphalt, final lot grading, driveway approaches, sodding and tree planting which may be completed later if done so in accordance with the provisions of the Schedule of Works. 5.16 Minor Additional Work Until the conclusion of the Maintenance Guarantee Period referable thereto, if in the opinion of the Director, any minor or incidental additional work is required to provide for the adequate operation and functioning of any of the Works, the Owner, at its cost, shall Page 24 construct and install such additional facilities and perform such additional work as the Director may request from time to time by written notice given to the Owner. 5.17 Incomplete or Faulty Works and Liens (1) H, in the opinion of the Director, the Owner is not constructing and installing or causing to be constructed or installed any of the Works required by this Agreement so that it will be completed within the time specified for such completion in the Schedule of Works, or if the Works are_being improperly constructed or installed, or if the Owner neglects or abandons the said Works or any part of them before completion, or unreasonable delay occurs in the execution of the same, or for any other reason the Works are not being constructed or installed properly and promptly and in full compliance with the provisions of this Agreement, or the Owner neglects or refuses to reconstruct or reinstall any of the Works which may be rejected by the Director as defective, deficient or unsuitable, or the Owner in the opinion of the Director otherwise defaults in performance of this Agreement, the Director may give the Owner notice in writing of such default, neglect, act or omission. Following the later to occur of the expiry of ten (10) business days, excluding Saturdays, after the giving of such notice and the expiry of such additional period as may be specified in the notice given to the Owner by the Director, the Town, at the cost and expense of the Owner, may employ a contractor or such workmen and purchase such services, supplies and/or services as in the opinion of the Director are required for the proper completion of the Works in accordance with this Agreement. In cases of an emergency, as determined by the Director in his discretion, any deficiency(s) or defect(s) in the Works, or any failure to complete the Works in accordance with this Agreement, may be corrected or remedied by the Town at the cost and expense of the Owner without prior notice to the Owner, provided that forthwith after the Town so acts, the Director shall give written notice to the Owner describing the emergency, the action taken by the Director, and the cost of correcting the deficiency or default in question. The cost of any work which the Town undertakes under this paragraph 5.17(1) shall be determined by the Director in his discretion and his decision shall be final. It is understood and agreed by the Parties that the cost for which the Owner is responsible under this paragraph 5.17(1) shall include a management fee ~ to the Town either of thirty (30%) percent of the contractor's charges to the Town (including any charges for overhead and profit) or, if such work is undertaken by the Town, thirty (30%) percent of all costs incurred by the Town to complete the Works in question. The Owner shall reimburse the Town for the cost of all Works, and the cost of correcting or remedying all deficiencies, defects and defaults pursuant to this paragraph 5.17(1) which have been incurred by the Town forthwith after the Director gives the Owner written demand for payment of such cost. Page 25 (2) In the event that any construction liens are filed under the Construction Lien Act, R.S.O. 1990 c. C.30 such filing(s) shall constitute a default in performance by the Owner of this Agreement. In any such case, the Director may notify the Owner in writing of such default. H the Owner fails to discharge the lien claim within ten (10) business days, excluding Saturdays, after the giving of such notice, or within such further period of time as may be specified in the notice, then the Town may pay the full amount of the claim and costs into a Court of competent jurisdiction. The Town is hereby authorized by the Owner to draw on and appropriate the whole or any portion(s) of the Performance Guarantee to indemnify the Town against the costs and expense so incurred by the Town. In the event that the Town draws on and appropriates any portion of the Performance Guarantee to satisfy the claim of any one (1) or more construction lien claimants and costs, forthwith after the Director gives written notice to the Owner requiring it to do so, the Owner shall reinstate the Performance Guarantee and/or the Security for the Maintenance Guarantee, as the case may be, to the full amount(s) required under the provisions of this Agreement. 5.18 Entry for Emer~ency Repairs In addition to the Town's other rights under this Agreement, the Owner acknowledges and agrees that at any time and from time to time, employees or representatives of the Town who are authorized by the Director, or contractors retained by the Town may enter on the said Lands for the purpose of making emergency repairs to any of the Works. Such entry and repairs shall not be deemed to be an acceptance of any of the Works by the Town, nor an assumption by the Town of any responsibility or liability in connection therewith, or a release by the Town of the Owner from any of its obligations under this Agreement. 5.19 Dama~e to Existinl: Services Forthwith after written demand therefor is given by the Director to the Owner, the Owner shall pay to or to the direction of the Town, the cost of repairing any damage to any property or services of the Town, the Region, or any utility authority or company (the "Damaged Services") including without limiting the generality of the foregoing, any road(s), water: electrical, gas, telephone, cable television and sewer systems, and the cost of relocating any Damaged Services, caused by or resulting from the development of anyone (1) or more portions of the Lands, or the construction or installation of any of the Works, provided that all such repairs and or relocation(s) are completed to the satisfaction of the Director, the Region and the relevant utility authority or company which owns or is responsible for the Works, property or services in question. In addition, the Owner agrees with the Town, at the Owner's cost, to relocate any of the Works constructed or installed pursuant to this Agreement which are located in driveways or so close thereto as in the opinion of the Director will interfere with the use of the driveway in question, forthwith Page 26 after being given written notice by the Director requiring the Owner to undertake such relocation. 5.20 Damal:e to Neii:hbourini: Wells (1) Prior to the commencement of and during the period of construction or installation of the Works, the Owner shall cause to be carried out, at its expense, the ground water monitoring program which has been approved by the Director pursuant to this paragraph 5.20(1), (the "Monitoring Program"). The Monitoring Program shall be prepared in draft form by a qualified hydrogeologist (the "Hydrogeologist") who shall be retained by the Owner, at the Owner's expense, after the Hydrogeologist is first approved by the Director. The draft Monitoring Program shall be submitted to the Director for his consideration and approval. After the Monitoring Program has been approved, it shall be implemented by the Hydrogeologist. The Monitoring Program shall describe the number and location of the piezometric observation wells which are to be installed by the Owner, and the frequency, method of observation, method of collection and recording of data and the timing, form and addressees of the report of the Hydrogeologist's analyses and findings to the Town, as well as such other matters as the Director considers to be appropriate. After the draft Monitoring Program has been approved by the Director with or without such modification(s) as he may consider appropriate, it is the "Monitoring Program" for the purposes of this Agreement. (2) For the duration of the Monitoring Program, the Owner, at its cost, shall cause the Hydrogeologist to provide the Director with a copy of all reports prepared by him in connection with or in implementation of the Monitoring Program forthwith after they are prepared. For the duration of the Monitoring Program, the Owner also shall cause the Hydrogeologist to make available to the Director, at no cost to the Town, forthwith after a written request therefore is given to the Hydrogeologist by the Director, a copy of all data collected and aU analyses made in connection with or implementation of the Monitoring Program. Forthwith following the completion of the Monitoring Program, the Owner shall cause the Hydrogeologist to provide to the Director, at no cost to the Town, a copy of aU data collected and all analyses and reports made by the Hydrogeologist in connection with or in implementation of the Monitoring Program which previously have not been provided to the Director pursuant to this paragraph 5.20(2), together with a certificate of the Hydrogeologist, in a form satisfactory to the Town Solicitor that all the data, analyses and reports required to be provided to the Director by this paragraph 5.20(2), have been provided to him. In addition to the foregoing, the Owner shall cause the Hydrogeologist to prepare separate reports, to the satisfaction of the Director for each and every occurrence of apparent well interference caused by construction activity within the Lands and reported to the Town, and to deliver the same to the Page 27 Director, at no cost to the Town, forthwith after each of them is completed. (3) H after considering a report thereon from the Director in this regard, Town Council determines that the well or private water supply of any person(s) outside the Lands is interfered with or dewatered as a result of the construction or installation of the Works: (a) where the interference to a well or private water supply is of short term duration (i.e. during the course of dewatering and excavation and within one (1) month of the completion of dewatering), in the opinion of the Town Council, the Owner shall make available to the affected party(s), a temporary supply of water at no cost to the affected party(s); or (b) where in the opinion of the Town Council the interference to a well or private water supply is of a long term duration, at the option of the Owner and at its cost, the Owner shall connect the affected Party's property to the Town water supply system or provide a new well or private water system for such affected party(s) so that water supplied to the affected party's property shall be of a quality and quantity at least equal to the quality and quantity of water enjoyed by the affected party(s) prior to the interference, as may be required by the Town Council by written notice given to the Owner. (4) If the Director gives written notice to the Owner that he has reason to believe that the well or private water supply of any person(s) outside the Lands is interfered with or dewatered as a result of the construction or installation of the Works, forthwith after such notice is given, the Owner shall cause the quantity of potable water considered to be appropriate by the Director to be supplied to the affected person(s) free of charge either until such time as the Town Council, after considering a report thereon from the Director, decides that the well or private water supply in question has not been interfered with or dewatered as a result of the construction or installation of the Works, or until such time as the Owner performs his obligation under paragraph 5.20(3), as the case may be. 5.21 Use of Works by Town The Owner acknowledges and agrees that any of the Works may be used by the Town and such other person(s) who is (are) authorized by the Town for any of the purposes for which the Works are designed, without interference by the Owner, and without the payment of any fee or compensation to the Owner, and for such purposes the Town and other person(s) authorized by the Town may enter upon the portiones) of the Lands on which the Works are located. Page 28 5.22 Maintenance of Roads after Completion (1) In addition to any other requirement of this Agreement that the Owner maintain the Works the Owner, at the Owner's cost, shall maintain each road(s), which is required to be constructed, until a Certificate of Acceptance has been issued for such road(s), and without limiting the generality of the foregoing, the Owner shall: (a) maintain the road(s) at all times in a well drained, dust and mud free condition, suitable for ordinary vehicular traffic, to the approval of the Director; (b) during the course of construction and installation of the Works, Utilities and Services pursuant to this Agreement, provide and maintain safe and adequate access to all occupied buildings; and (c) erect a sign to indicate that the road(s) are "unassumed road(s)" which the Town is not required by law to repair and maintain, to the satisfaction of the Director. (2) The Town agrees to snowplough and sand all paved road(s) on the Lands for and on behalf of the Owner until the Certificate of Acceptance of such road(s) has been issued, provided that until the road(s) are assumed by the Town, the Owner shall pay to the Town one hundred (100%) percent of the costs of snowploughing and sanding such road(s), as determined by the Director, from time to time, and forthwith after being given written notice of such costs by the Director. (3) The Owner acknowledges and agrees that the undertaking or provision of repairs or maintenance by the Town under paragraphs 5.18, 5.19 or 5.22(2) in respect of road(s), is not intended nor shall it in any way constitute or be taken to constitute the approval or assumption by the Town of the road(s) in question. The road(s) shall not be deemed to have been assumed until both a Certificate of Acceptance has been issued, and a By-law has been passed by Town Council dedicating the road(s) as public highway(s) and assuming it for the purpose of liability to repair and " maintain it as provided by the Municipal Act, and such By-law has been registered in the proper Land Registry Office. 5.23 Requirements for Certificate of Completion The Owner acknowledges and agrees that the construction and installation of any of the Works authorized in an Authorization to Commence Works shall not be deemed to be completed for the purposes of this Agreement until the Director has provided the Owner with written certificate that such is the case (the "Certificate of Completion"). In addition Page 29 to satisfying the other requirements of this Agreement respecting its issuance, a Certificate of Completion shall not be issued until: (a) such of the Works authorized by the Authorization to Commence Works for which a Certificate of Completion is required, have been inspected by the Director, and he is satisfied such Works have been constructed and installed in accordance with the Engineering Drawings; and (b) the Town is satisfied in respect of the construction and installation of all of the Works authorized by such Authorization to Commence Works, that there are no outstanding construction lien claims for payment by contractors, subcontractors, suppliers of services or materials or workmen relating to the construction and installation of such Works. 5.24 Requirements for Certificate of Acceptance The Owner acknowledges and agrees that none of the Works covered by a Certificate of Completion shall be accepted, nor deemed to be accepted, for the purpose of this Agreement, until the Director has provided the Owner with written certificate that they have been accepted by the Town, ("the Certificate of Acceptance"). In addition to satisfying the other requirements of this Agreement respecting its issuance, a Certificate of Acceptance shall not be issued until all of the Works that are proposed to be covered by such Certificate of Acceptance have been inspected by the Director and the Town Council has approved the written report of the Director that all such Works have been maintained to the approval of the Director for the relevant period set out in paragraph 3.10(3) of this Agreement, all deficiencies and defects in the Works have been corrected by the Owner, and the Works should be accepted by the Town. 5.25 Ownership of Works by Town For greater certainty, the Owner acknowledges and agrees that the Town is the Owner of all of the Works covered by a Certificate of Acceptance. The Owner shall have no right or claim thereto, other than as an owner of land abutting a highway in which such WorkS are installed. 5.26 Requirements for Certificate of Release Forthwith after the Owner complies with subparagraphs (a), (b) and (c) of this paragraph 5.26, and the Works located thereon have been constructed, installed and accepted by the issuance of a Certificate of Acceptance, the Town shall provide the Owner with a written release (the "Certificate of Release") respecting the Works. The Certificate of Release shall be in a form suitable for registration or deposit in the proper Land . , Page 30 Registry Office. In addition to the Owner satisfying the other requirements of this Agreement respecting the issuance of a Certificate of Relea.;e, the Certificate of Release shall not be issued until: (a) a Certificate(s) of Acceptance has been issued for all the Works; (b) a registered Ontario Land Surveyor, acceptable to the Director and retained by the Owner at the Owner's expense has provided the Town with written confirmation that at a date not earlier than the end of the longest of the mamtenance periods set out in paragraph 3.10(3) he has found, placed or feplaced aU standard iron bars shown on plans of survey of record deposited in the Land Registry Office as Plans 40R-13850 and 40R-14116 and has found, placed or replaced all survey monuments at all block corners, the end of all curves, other than corner roundings, and all points of change in direction or road(s) on such plan; and (c) Town Council has by resolution, acknowledged that the Owner has satisfied all of the provisions of this Agreement. From the date of its issuance, a Certificate of Release shall operate as a discharge of the Owner in respect of the Lands or the portion thereof which are described therein of the obligations of the Owner Wlder this Agreement with the exception of (1) the Owner's obligation respecting drainage as provided in this Agreement; and (2) the Owner's covenant to comply with the requirements of this Agreement in respect of applications for building . permits for dwellings on the Lands. 5.27 Not Vst:<J 5.28 Not Used 5.29 Cost or Works Referred to in Schedule "G" The Owner acknowledges and agrees that it will pay the total cost of the Works referred to in Schedule "G" hereto. The Owner will not seek any credit or rebate for or of any part of the total cost of the Works by reason of any of them being oversized to accommodate drainage or traffic from lands outside the limits of the Lands, whether from or in respect of a development charge imposed by a Development Charge By-law which Town Council may pass pursuant to the Development Charges Act, R.S.O. 1990 c. D.9 or in any other manner, Of for any other reason. Page 31 ARTICLE 6 - COMPLIANCE WITH REGULATIONS In exercising its rights and in performing its covenants under tbis Agreement, the Owner shall comply with all Provincial regulations of general applications and all by-laws of the Town and the Region. ARTICLE 7 - RESPONSIBILI1Y OF SUBSEQUENT OWNERS After the issuance of the Certificate of Release, the Owner, its successors and assigns as the owner of the Lands or of anyone (1) or more portions thereof shall have the sole responsibility for the following which shall be performed or undertaken at its cost: (a) it shall be responsible for providing and maintaining adequate drainage of surface waters from the Lands in accordance with the approved Lot Grading and Drainage Plans referred to in paragraph 5.6 herein; (b) it shall be responsible for compliance with the terms of paragraph 4.6 "Requirements for Building Permits" of this Agreement if, at the date of issuance of the Certificate for Release, a building permit has not been issued for the Lands in question; and ( c) it shall be responsible for the maintenance of fencing required in Schedule "G" of this Agreement. ARTICLE 8 - TIME OF ESSENCE Time is of the essence of this Agreement. Page 32 ARTICLE 9 - AUTHORI1Y TO MAKE AGREEMENT The Owner acknowledge and agree that the Town has authority to enter into this Agreement, that every provision hereof is authorized by law and is fully enforceable by the Parties, and that this Agreement is made by the Town in reliance on the acknowledgement and agreement of the Parties other than the Town as aforesaid. IN WITNESS WHEREOF the Parties hereto have hereunto set their hands and seals the day and year first above written and the corporate Parties hereto have hereunto affixed their corporate seals by the hands of their proper officers duly authorized in that behalf. SIGNED, SEALED AND DELIVERED In the presence of: ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) THE CORPORATION OF THE TOWN OF NEWCASTLE VELTRI AND SONS CORPORATION ()t/~<~( k. Name: flltc" ~ v ~ ("",;TItle: ~tle: Name: r4/~ MARIO VELfJ(~ %4 3) SCHEDULE "A" THIS SCHEDULE IS SCHEDULE "A" to the Agreement which has been authorized and approved by By-l~w No. 92-121 of the Corporation of the Town of Newcastle, enacted and passed on the 21st day of April, 1992. LEGAL DESCRIPTION OF LANDS All and Singular that certain parcel of land and premises situated, lying and being in the Town of Newcastle, in the Regional Municipality of Durham being comprised of part of Lots 23 and 24, Block A, e.G. Hannings Plan designated as Parts 4 to 12 on plan of survey of record deposited in the Land Registry Office for the Land Registry Division of Whitby (No. 40) (the "Land Registry Office") as Plan 40R-13850 an@ Parts 1, 2, 3 and 4 on Plan 40R-14116 also deposited in the Land Registry Office. BeiNG pftfLl Or VA-RctL P&frfJ I, SefYlO/V 40(17-/09/ eO JJG, PfllLl' or fjJfJ< I 8 p( afl Lf{;Y!/ - I (p 9 /, dc o/JlNkcI ~S . Prrll'f- {own ei NQwcasl{.e K~ioncJ mvm(';~f;1j or {0v Rt-JFrrn " 3L1 SCHEDULE "c" THIS SCHEDULE IS SCHEDULE "c" to the Agreement which has been authorized and approved by By-law No. 92-121 of the Corporation of the Town of Newcastle, enacted and passed on the 21st day of April, 1992. CHARGES AGAINST LANDS (1) Municipal Taxes (2) Local Improvement Charges (3) Drainage Charges Nil Nil Nil 3S . , SCHEDULE "E" THIS SCHEDULE IS SCHEDULE "EM to the Agreement which has been authorized and approved by By-law No. 92-121 of the Corporation of the Town of Newcastle, enacted and passed the 21st day of April, 1992. TRANSFERS OF EASEMENTS (1) On the execution of this Agreement, the Owner shall deliver to the Town a transfer of easements as follows: (a) Temporary Turn Around Parts 1 and 2 on Plan 40R-14228 (2) The Director shall determine the duration and terms of any such easements. The transfers shall be prepared by the Owner at its cost, shall be free and clear of all encumbrances and restrictions, shall contain other provisions satisfactory to the Town's Solicitor, shall be made for a nominal consideration, and shall be in registrable form. Prior to the registration of the transfers of such easements against the title to the relevant lands, the Owner agrees with the Town that it will not require the issuance of building permits for the construction of building or structures on the Lands. '!:;~ SCHEDULE "F' THIS SCHEDULE IS SCHEDULE "F' to the Agreement which has been authorized and approved by By-law No. 92-121 of the Corporation of the Town of Newcastle, enacted and passed the 21st day of April, 1992. LANDS TO BE TRANSFERRED TO TOWN AND/OR CASH TO BE PAID IN LIEU THEREOF Dedication of Lands The Owner shall deliver to the Town in a form satisfactory to the Town, transfers in fee simple absolute of the following lands: (a) Part 3 on Reference Plan 40R-14228 (b) Part 8 on Reference Plan 40R-13850 (c) Part 3 on Reference Plan 40R-14116 0.3 m Reserve Road Road 31 SCHEDULE "G" THIS SCHEDULE IS SCHEDULE "G" to the Agreement which has been authorized and approved by By-law No. 92-121 of the Corporation of the Town of Newcastle, enacted and passed on the 21st day of April, 1992. WORKS REOUIRED 1. STORM SEWER SYSTEM The Owner shall construct, install and supervise the construction and installation of and maintain a storm drainage system, satisfactory to the Town, for the removal and disposal of upstream storm water and storm water originating within the Lands, including storm sewer mains, manholes, service connections, catchbasins and leads, open channels, storm outfalls and any other appurtenances as may be required in accordance with the Town's Design Criteria and Standard Drawings, (the "Storm Sewer Work"). The Owner agrees to produce Engineering Drawings for storm drainage system, to the satisfaction of the Director. The Owner agrees to obtain any easements required by the Director which are external to said Lands, at no expense to the Town for the disposal of storm water from the Lands and transfer the same to the Town in accordance with paragraphs 2.3 and 2.5 of this Agreement. 2. ROADS The Owner shall construct and install the following roads and services on the streets shown on the Engineering Drawings at its cost as follows: (a) Pavement widths to be applied to the following streets: - as shown on the Engineering Drawings. (b) The grading and paving of all streets, including the installation of Granular "A" and Granular "B" material to provide a proper base for paving, shall be in accordance with the Town's Design Criteria and Standard Drawings. (c) The Owner shall construct curbs and gutters on both sides of all streets, in accordance with the Town's Design Criteria and Standard Drawings. (d) The Owner shall construct, install and maintain complete sidewalks in accordance with the Town's Design Criteria and Standard Drawings, as shown on the Engineering Drawings. 3g (e) The Owner agrees to grade and pave all driveways between the curbs and sidewalks, in accordance with the Town's Design Criteria and Standard Drawings. The Owner also agrees to grade and pave all driveways between the curbs and sidewalks, where sidewalks are installed, and in all other cases, to grade and gravel the driveway between the curbs and the lots lines. (f) The Owner agrees to construct, install, energize and maintain street lighting, in accordance with the Town's specifications, on all streets and walkways and this Agreement, to the satisfaction of the Director of Public Works. (g) The Owner agrees to install topsoil and sod the boulevards between the curbs and the property line, in accordance with the Town's Design Criteria and Standard Drawings and the approved Landscaping Plan, to the satisfaction of the Director of Public Works. (h) The Owner agrees to supply and install traffic signs and permanent street-name signs, in accordance with the Town's Design Criteria and Standard Drawings and to the satisfaction of the Director of Public Works. 3. CONSERVATION WORKS In addition to the work required by the Schedule "Q", the Owner shall construct, install and maintain certain conservation works within this Plan, such as retaining walls, drainage channels and watercourse channelization works, including all appurtenant fences and all other apparatus, in accordance with the Engineering Drawings approved by the Director of Public Works. 4. GRADING AND DRAINAGE PLAN The Owner shall rough grade the Lands in accordance with the Grading and Drainage Plan, to the satisfaction of the Director forthwith following the Director giving the Owner written notice requiring it to do so. 5. "LANDSCAPING (a) The Owner shall complete and install all landscaping requirements for the roads provided for in this Agreement and the installation of fencing in accordance with the approved Landscaping Plan referred to in paragraph 4.2 and Schedule "U" of this Agreement. (b) The Owner shall provide, plant and maintain, under the supervision of a qualified nurseryman or horticulturist the tree and shrub planting requirements provided for in this Agreement in accordance with the Landscaping Plan. 6. TURN AROUND The Owner shall transfer to the Town land for the Turn Around. In accordance with the written direction given to the Owner by the Director, the Owner shall construct and maintain such Turn Around as a temporary turn around to the satisfaction of the Director. '3~ 40 SCHEDULE "H" THIS SCHEDULE IS SCHEDULE "H" to the Agreement which has been authorized and approved by By-law No. 92-121 of the Corporation of the Town of Newcastle, enacted and passed the 21st day of April, 1992. UTILITIES AND SERVICES REOUIRED 1. ELECI'RICAL SUPPLY SYSTEM The Owner shall arrange with the appropriate authority having jurisdiction for the design, provision and installation of an electrical supply system to serve the Lands, in the locations as approved by the Director. All electrical services are to be installed underground. The Owner shall also make any necessary arrangements with any T.V. Cable Company in order that the installation of any such system shall take place so far as possible contemporaneously with the installation of other services so as to cause minimum disruption of municipal services. 2. STREET LIGHTING SYSTEM The Owner shall arrange with the appropriate authority having jurisdiction for the design, provision and installation of a complete street lighting system to serve the said Lands on behalf of the Town in whose ownership the system shall vest upon acceptance of the Works including all appurtenant apparatus and equipment, in the locations as approved by the Director that such arrangements have been made prior to the issuance of any Authorization to Commence Works. 3. TELEPHONE SYSTEM The Owner shall arrange with Community Telephone Limited and/or Bell Canada for the design, provision and installation of a telephone system to serve the said Lands, as approved by the Director. All telephone services are to be installed " underground. 4. GAS SUPPLY SYSTEM The Owner shall arrange with an appropriate gas company for the design, provision and installation of a complete gas supply system to serve the said Lands, including gas mains, and all appurtenant manholes, laterals, service connections, apparatus and equipment in the locations as approved by the Director. 4/ 5. CABLE TELEVISION The Owner shall arrange with the Cable Television Company having authority to provide its services within the area of the Lands for the design, provision and installation of a complete cable television distribution system to serve the said Lands. All cable television services are to be installed underground. 6. MAIL DISTRIBUTION SYSTEM The Owner shall arrange with Canada Post for the provision and installation of a mail distribution system to service the said Lands, in the location as approved by the Director. " ~(f SCHEDULE "I" THIS SCHEDULE IS SCHEDULE "I" to the Agreement which has been authorized and approved by By-law No. 92-121 of the Corporation of the Town of Newcastle, enacted and passed on the 21st day of April, 1992. DUTIES OF OWNER'S ENGINEER 1. DESIGN WORKS AND PRIVATE WORKS In addition to the other requirements of this Agreement, the Owner's Engineer shall prepare drafts of the following for the consideration and approval of the Director: (a) the Engineering Drawings; (b) the Grading and Drainage Plan; (c) the Landscaping Plan; (d) the Schedule of Work; (e) the Staging Plan; (f) the Works Cost Estimate; and (g) the Stage Cost Estimate. The approval of the Director shall not absolve or release the Owner or the Owner's Engineer of the responsibility and liability for any errors or omissions in the above drawings, plans, or documents or from liability for any damage or loss caused or resulting directly or indirectly by the Owner's Engineer. 2. REPRESENT OWNER AND OBTAIN APPROVALS The Owner's Engineer is hereby authorized by the Owner and shall act as the Owner's representative in all matters pertaining to the construction and installation of the Works and shall co-operate with the Town to obtain the necessary approvals for construction and installation. 3. - PROVIDE RESIDENT SUPERVISION The Owner's Engineer shall provide fully qualified supervisory layout and inspection staff to provide continuous inspection service during all phases of the construction and installation of the Works and the private works and to perform the following: (a) provide field layout including the provision of line and grade to the contractors and, where required, res taking; 43 (b) inspect the construction and installation to ensure that all work is being performed in accordance with the contract documents; (c) arrange for or carry out all necessary field testing of materials and equipment installed or proposed to be installed at the request of the Director; (d) provide co-ordination and scheduling of the construction and installation in accordance with the timing provision contained herein and the requirements of the Director; (e) investigate and report to the Director any unusual circumstances which may arise during the construction and installation; and (f) obtain field information, during and upon completion of the construction and installation, required to modify the Engineering Drawings to produce the as-constructed drawings. 4. MAINTAIN RECORDS The Owner's Engineer shall maintain all records pertaining to the construction and installation and make them available for examination by the Director as required by the Director. 5. PROVIDE PROGRESS REPORTS The Owner's Engineer shall provide the Director with reports on the progress of the construction and installation on a monthly basis, or at such other interval as approved by the Director. 6. PREPARE AS-CONSTRUCTED DRAWINGS The Owner's Engineer shall prepare and submit as-constructed drawings " required by the Director for the approval of the Director. " . Lf'1 SCHEDULE ".1" THIS SCHEDULE IS SCHEDULE "J" to the Agreement which has been authorized and approved By-law No. 92-121 of the Corporation of the Town of Newcastle, enacted and passed on the 21st day of April, 1992. WORKS COST ESTIMATES 1. STORM SEWERS $ 13,462.76 2. ROADS - YEAR 1 $ 24,747.35 3. ROADS - YEAR 2 $ 8,859.46 4. STREET TREES $ 2,700.00 5. STREETLIGHTING $ 2,000.00 6. SILTATION CONTROL $ 1,000.00 7. GRADING (R.O.W. & FUTURE LOTS) $ 2.400.00 SUB-TOTAL $ 55,169.57 5% CONTINGENCIES $ 2.758.48 SUB-TOTAL $ 57,928.05 10% ENGINEERING $ 5.792.80 TOTAL ESTIMATED COST OF SERVICES: $ 63,720.85 TOTAL VALUE FOR PERFORMANCE GUARANTEE: $ 63.720.85 The Performance Guarantee for the Works shall be based on the preliminary Estimates which are provided to the Director by the Owner's Engineer and approved by the Director. When the Engineering Drawings and the Landscaping Plan have been approved by the appropriate Director as is required by this Agreement, a revised Cost Estimate for the construction and installation of Works shall be prepared by the Owner's Engineer and submitted to the Director for approval. The revised Cost Estimate shall be had regard to by the Director in requiring an adjustment in the Performance Guarantee, in the event of any increase or decrease in the Works Cost Estimates. '1S . , SCHEDULE "K" THIS SCHEDULE IS SCHEDULE "K" to the Agreement which has been authorized and approved by By-law No. 92-121 of the Corporation of the Town of Newcastle, enacted and passed the 21st day of April, 1992. INSURANCE REQUIRED 1. TYPES OF COVERAGE REOUIRED The Owner shall obtain and maintain insurance of the character commonly referred to as public liability and property damage with an insurance company approved by the Town's Treasurer and licensed in Ontario to underwrite such insurance. Such policy or policies of insurance shall indemnify the Town against all damage or claims for damage for: (a) any loss or damage that shall or may happen to any of the Works or any of the Utilities or to any part or parts thereof respectively; (b) any loss or damage that shall or may happen to any of the materials or any of the equipment or any other things used to construct or install any of the Works or any of the Utilities or any part or parts thereof respectively; (c) any injury to any person or persons including workmen employed on the said Lands and the public; (d) any loss or damage that shall or may result from the storage, use or handling of explosives; (e) any loss or damage that shall or may result from the drainage of surface waters on or from the said Lands; (f) any loss or damage that shall or may result from the disposal of effluent from any sewage disposal works; and (g) any loss or damage that shall or may happen to any public road or to any other property of the Town or to the property of any other person either directly or indirectly by reason of the Owner undertaking the development of the said Lands together with any or all of the Works and Utilities pertaining thereto. 4~ 2. AMOUNTS OF COVERAGE REOUIRED Policy or policies of insurance shall be issued jointly in the names of the Owner and the Town and shall provide the following minimum coverages for five million ($5,000,000.00) dollars for all damage arising out of one (1) accident or occurrence or series of accidents or occurrences. The issuance of such policy or policies of insurance or the acceptance of it or them by the Town shall not be construed to relieve the Owner from responsibility for other or larger claims for which it may be held responsible. 3. EXEMPTION OF COVERAGE PROHIBITED The policy or policies of insurance shall contain no coverage exemptions or limitations for: (a) any shoring, underpinning, raising or demolition of any building or structure; (b) any pile driving or caisson work; (c) any collapse or subsidence of any building, structure or land from any cause; or (d) any storage, handling or use of explosives. " L{7 SCHEDULE "L" THIS SCHEDULE IS SCHEDULE "L" to the Agreement which has been authorized and approved by By-law No. 92-121 of the Corporation of the Town of Newcastle, enacted and passed on the 21st day of April, 1992. REGULATIONS FOR CONSTRUcrJON 1. REOUlREMENTS FOR BLASTING The Owner shall, prior to commencing any blasting, obtain from the Director permission to carry out the blasting operation. 2. REMOVAL OF TOPSOIL The Owner shall not remove any topsoil from the said Lands except for construction purposes and such topsoil must remain within the limits of the said Lands. 3. DUMPING OF FILL OR DEBRIS The Owner shall not dump, or permit to be dumped, any fill or debris on the said Lands, or to remove or permit to be removed any fill from any land to be transferred to the Town, other than the roads within the limits of the said Lands, without the written consent of the Director. 4. DISPOSAL OF CONSTRUCfION GARBAGE The Owner shall remove and dispose of all construction garbage and debris from the said Lands in an orderly and sanitary fashion in a dump site off the said Lands and approved by the Director. The Town shall not be responsible for the removal or disposal of garbage and debris. The Owner shall deliver a copy of this clause to each and every builder obtaining a building permit for any part of the said Lands and to ensure that no burning of construction garbage or debris is " permitted on the said Lands. 5. OUALITATIVE AND OUANTITATIVE TESTS The Owner agrees that the Town may have qualitative or quantitative tests made of any materials or equipment installed or proposed to be installed on the direction of the Director. The costs of such tests shall be paid by the Owner. L-fg ~ 6. MAINTENANCE. CWSING AND USE OF EXTERNAL ROADS During this Agreement the Owner at all times ensure that all public roads abutting the said Lands and all public roads used for access to the said Lands, during any construction on the said Lands, are maintained in a condition equal to that now existing and to the approval of the Director. The Owner shall maintain at all times, all such roads free of dust and mud originating from the said Lands during the course of construction. H damaged, the Owner agrees to restore immediately, and at its own expense, such road to a condition equal to that existing at the time of such damage and to the approval of the Director. No public road outside the limits of the said Lands shall be closed without the prior written approval of the authority having jurisdiction over such public road. The Owner shall not use or occupy any untravelled portion of any public road allowance without the prior written approval of the Town or authority having jurisdiction over such public road allowance. 7. MAINTENANCE OF INTERNAL ROADS Prior to the placement of the base course of asphalt on any road required to be constructed under this Agreement, the Owner shall remove any contamination of the granular base course and repair and replace such base course, where necessary, to the approval of the Director, in order that the construction of such road shall not have suffered due to any use of the granular base course as a temporary road. Prior to the placement of the surface of asphalt on any road required to be constructed under this Agreement, the Owner shall clean the base course of asphalt and repair and replace such base course where necessary. Until the roads on the Lands are assumed by the Town, the Owner shall maintain all internal roads in a condition acceptable to the Director, and shall ensure that such roads are free of dust and mud at all times to the satisfaction of the Director. 8. WEED AND RAT CONTROL After the commencement of construction, the Owner shall institute upon the Lands a program of weed and rat control to the satisfaction of the Director. '," ~ , . Lf~ SCHEDULE "R" THIS SCHEDULE IS SCHEDULE "R" to the Agreement which has been authorized and approved by By-law No. 92-121 of the Corporation of the Town of Newcastle, enacted and passed on the 21st day of April, 1992. ENGINEERING AND INSPECI10N FEES Estimated Costs of Works Em Up to $100,000.00 4% to a MAXIMUM OF $4,000.00 $100,000.00 to $500,000.00 $4,000.00 or 3.5% of the estimated cost of services - whichever is greater $500,000.00 to $1,000,000.00 $17,500.00 or 3% of the estimated cost of services - whichever is greater $1,000,000.00 to $2,000,000.00 $30,000.00 or 2.50% of the estimated cost of services - whichever is greater $2,000,000.00 to $3,000,000.00 $50,000.00 or 2.25% of the estimated cost of services - whichever is greater $3,000,000.00 to $4,000,000.00 $67,500.00 or 2% of the estimated cost of services - whichever is greater For the purposes of calculating the Engineering and Inspection Fees as contemplated by this Schedule, the estimated costs of Works shall include the Cost Estimates as specified in Schedule "J" hereto, and shall include the estimated cost of Region services. The payment of the Engineering and Inspection fees to the Town are subject to the Goods and Services Tax, and therefore an additional seven (7%) percent must be added to the fees calculated using this Schedule and paid by the Owner to the Town. The aforesaid amount is to be paid prior to issuance of the Authorization to Commence Works for each stage shown on the Staging Plan.