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HomeMy WebLinkAbout2009-157 THE MUNICIPALITY OF CLARINGTON BY-LAW NO. 2009-157 being a by-law to authorize the execution of the Memorandum of Understanding between Players Business Park Ltd., West Diamond Properties Inc. and 1613881 Ontario Inc. and the Corporation of the Municipality of Clarington. WHEREAS Council on March 24th, 2008 recommended to the Region of Durham approval of Official Plan Amendment No. 60 to the Clarington Official Plan; AND WHEREAS Amendment No. 60 was appealed to the Ontario Municipality Board in August 10, 2008; AND WHEREAS the Council on October 26, 2009, requested the Ontario Municipal Board approve modifications to Amendment No. 60; AND WHEREAS at their meeting on held on November 23, 2009 Council of the Municipality of Clarington approved Draft Approved Plan of Subdivision S-C 2004-004 and Zoning By-law Amendment 2004-049 as they apply to certain lands owned by Players Business Park Ltd and West Diamond Properties Inc.; NOW THEREFORE THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON HEREBY ENACTS AS FOLLOWS: 1. THAT the Mayor and Clerk are hereby authorized to execute, on behalf of the Corporation of the Municipality of Clarington and seal with the Corporation seal, the Memorandum of Understanding between Players Business Park Ltd., West Diamond Properties Inc. and 1613881 Ontario Inc. and the Corporation of the Municipality of Clarington. 2. THAT the Memorandum of Understanding agreement attached hereto as Schedule "A" forms part of this by-law. By-law read a first and second time this 23`d day of November 2009 By-law read a third time and finally passed this 23`d day of November 2009 /�J A rrn ,_ ayour . Patti L arr"unictpat Clerk MEMORANDUM OF UNDERSTANDING THIS MEMORANDUM OF UNDERSTANDING ("MOU")made as of the 23`d day of November, 2009. BETWEEN: PLAYERS BUSINESS PARK LTD. ("Players"), WEST DIAMOND PROPERTIES INC. ("West Diamond") and 1613881 ONTARIO INC. ("1613881") (hereinafter collectively called the "PW Group") OF THE FIRST PART - and - THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON (hereinafter called the "Municipality") OF THE SECOND PART WHEREAS: A. Players, West Diamond and 1613881 are the owners of certain lands more particularly described below. These lands which are located within the Brookhill Neighbourhood as defined by Amendment No. 60 to the Municipality's Official Plan as modified and approved by the Ontario Municipal Board("OPA 60 As Modified"). B. Players and West Diamond have appealed to the Ontario Municipal Board under subsection 51(34) of the Planning Act from the failure or neglect of the Municipality to make a decision on their proposed plan of subdivision (Municipality File No. S-C-2004-04) of the portion of their respective lands in the Brookhill Neighbourhood situated west of Green Road (OMB File No. PL081 139). A copy of the proposed draft plan of subdivision as revised on November 10, 2009 and conditions of approval of it are attached to the Municipality's Report 4PSD-111-09. f 2 C Players and West Diamond have also appealed to the Ontario Municipal Board from the Municipality's refusal or neglect to enact an amendment to the Municipality's Zoning By-law 84-63, as amended, to rezone portions of its lands referred to in Recital B (OMB File Nos. PL080998 and Z040108). A copy of the proposed zoning by-law amendment is attached to the Municipality's Report#PSD-111-09. D. Players, West Diamond and the Municipality have agreed to resolve their appeals to the Ontario Municipal Board on the terms set out in Report #PSD-111-09 which include the execution of this MOU between Players, West Diamond, 1613881 and the Municipality. E. 1613881 intends to apply to the Municipality for approval of draft plans of subdivision of the whole or parts of the "1613881 Lands" (as hereafter defined). F. Players and West Diamond have agreed to cause to be transferred to the Municipality the land required for the "Prince William Extension" (as hereafter defined) plus the land required for 0.3 metre reserves on both sides of it. Players and West Diamond have agreed to construct the "Prince William Boulevard Extension Part 1 Works" (as hereafter defined) on the terms set out below in this MOU. G. An infrastructure plan ("Infrastructure Plan"), a copy of which is contained in Schedule "A" hereto is considered to be acceptable in principle by the parties hereto. It shows, the "Brookhill Tributary Lands"which are open space areas, a neighbourhood parkette, a school and a neighbourhood park site south of the "Longworth Avenue Extension East" (as hereafter defined), and a road network comprising the Longworth Avenue Extension East, the "Longworth Avenue Extension West" (as hereafter defined), Green Road, the `Brookhill Boulevard Extension Part 1" (as hereafter defined) and the "Clarington Boulevard Extension Part 1" (as hereafter defined). It also shows the general location of stormwater management facilities comprising a pond, clean water channel and outfalls on the 1613881 Lands which will serve development both on these lands and the "Players and West Diamond Lands" (as hereafter defined). 3 H. Aquafor Beech Limited has been engaged by the Municipality to conduct an Environmental impact study ("EIS") of the Brookhill Tributary Lands shown on the Infrastructure Plan pursuant to section 4.4.35 of the Municipality's Official Plan. The study area includes, among other lands (1) part of the 1613881 Lands, and (2) part of the Players and West Diamond Lands. The EIS has been divided into two parts. The first part of the EIS will deal with the Brookhill Tributary Lands located on the 1613881 Lands. It is referred to in this MOU as the "EIS Part A". it is anticipated that it will be completed in draft form prior to December 31, 2009. I. The second part of the EIS will deal with lands comprising part of the Players and West Diamond Lands. Among other things, the EIS will identify the locations of the Provincially Significant Wetlands and the required buffer on the south boundary of them located on Block 273 on the draft plan of subdivision referred to in Recital B. (The combination of the Provincially Significant Wetlands and buffer located on Block 273 is referred to in this MOU as the "PSW Lands"). The second part of the EIS is referred to in this MOU as the "EIS Part B". It is anticipated that it will be completed in draft form prior to December 31, 2010. J. Players, West Diamond and 1613881 have agreed with the Municipality that they will not object to the Municipality requiring as a condition of approval of the first draft plan(s) of subdivision of the whole or any part of the lands within the Brookhill Neighbourhood which are owned by them, that the provisions of this MOU or such of the provisions as are considered appropriate by the Municipality's Director of Planning Services shall be replicated in the subdivision agreements and shall be complied with. K. The Council of the Municipality has approved the recommendations of Report #PSD- 111-09, and the execution of this MOU by the Mayor and Municipal Clerk on behalf of the Municipality of Clarington is authorized by By-law 2009-157 passed by the Council of the Municipality at its meeting on November 23, 2009. 4 NOW THEREFORE in consideration of the premises herein contained and the sum of TWO DOLLARS ($2.00) and other good and valuable consideration (the receipt thereof by each of the parties is hereby acknowledged) each of the parties hereto covenants and agrees with the other parties as follows: Recitals 1. Each of the Recitals and the Schedules to this MOU are hereby incorporated into its operative part. These Recitals shall be construed and given effect as covenants contained in this MOU. If there is any inconsistency between any Recital and any of the following paragraphs, the text of the paragraph shall apply to the extent necessary to resolve the inconsistency. Unwindine of MOU 2. (a) This MOU shall unwind and have no force or effect if any of (i) OPA 60 As Modified insofar as it applies to the Players and West Diamond Lands and the 1613881 Lands, (ii) the draft plan of subdivision subject to the conditions of approval referred to in Recital B hereto, and (iii) the draft zoning by-law amendment referred to in Recital C, subject only to such modifications and/or amendments that are "Permitted Amendments" (as hereafter defined) ("Planning Documents"), are not approved or enacted by the Ontario Municipal Board on or before March 31, 2010, or if any order of the Ontario Municipal Board approving the Planning Documents is the subject of an application for leave to appeal or judicial review to the Ontario Divisional Court the "Final Disposition" (as hereafter defined) of such appeal(s) or application(s) does not result in the Final Approval of the Planning Documents. 5 (b) For the purpose of this MOU, (i) the term "Permitted Amendments" means any modifications of and/or amendments to any one or more of OPA 60 As Modified, the draft plan of subdivision and conditions of approval referred to in Recital B, and the zoning by-law amendment referred to in Recital C which, (1) are of a technical or non-substantive nature and which do not have the effect either of imposing any additional restrictions on the development of the Players and West Diamond Lands or the 1613881 Lands, or of imposing additional obligations on these owners; or (2) is either proposed or is made by the Ontario Municipal Board, and which either prior to or within thirty (30) days of such modification and/or amendment being proposed or made, the owners notify the Municipality in writing that such modification or amendment is acceptable to them; and (ii) the term "Final Disposition' means in respect of any appeal or application forjudicial review, the latest to occur of: (1) the withdrawal of all appeals or discontinuance of all applications; (2) the issuance of an order by the Divisional Court dismissing the application for leave to appeal or judicial review, or if leave to appeal is granted, the issuance of a final order by the Divisional Court in respect of the appeal; and (3) if an application is made for leave to appeal to the Ontario Court of Appeal from a decision of the Ontario Divisional Court referred to 6 in clause (2), the issuance of an order by the Court of Appeal dismissing the application for leave to appeal, or if leave to appeal is granted, issuance of a final order by the Court of Appeal in respect of the appeal. (iii) For the purposes of this MOU, the term "Final Approval' means the latest to occur of: (1) the issuance of an order by the Ontario Municipal Board approving the Planning Documents and the expiration of all appeal periods therefrom, without any application for leave to appeal or judicial review having been filed; and (2) if any application for leave to appeal is filed, the Final Disposition of all such applications or appeals that result in the Planning Documents coming into full force and effect, subject to only such modifications and/or amendments that are Permitted Amendments. (c) If this MOU unwinds pursuant to this paragraph 2, the Municipality will consent to and cooperate with the Owners in expunging this MOU and any Notice of it from the title to the lands on which it or they have been registered after the date on which such unwinding takes effect. Lands Owned by Parties Other Than the Municipality 3. (1) (a) Players and West Diamond are the registered owners in the fee simple estate in the following lands: Registered Owner: Players Business Park Ltd. PIN—26612-0128(LT) Part of Lot 17, Concessions 1 and 2 and Part of the Road Allowance between Concessions 1 and 2 (Closed by DNP2377), Township of Darlington, being Part 1 on Plan 40R-16947, save and except Parts I to 27,inclusive, and 46 to 48, 7 inclusive, on Plan 40R-24933, Municipality of Clarington, Regional Municipality of Durham Registered Owner: West Diamond Properties Inc. PIN-26612-0130(LT) Part of Lot 17, Concession 2, Township of Darlington, being Part l on Plan 40R- 16948, save and except Part 1 on Plan 40R-19283 and Parts 40 to 44, inclusive, on Plan 40R-24933, Municipality of Clarington, Regional Municipality of Durham (b) 1613881 is the registered owner in fee simple of the following lands: Registered Owner: 1613881 Ontario Limited PIN- 26613-0102(LT) Part of Lot 16, Concession 2, Township of Darlington, being Part 1 on Plan 40R- 22972, Municipality of Clarington, Regional Municipality of Durham (2) For clarity, this MOU applies in respect of the lands referred to in paragraph 3(1) which at the date of this MOU are owned by the parties hereto other than the Municipality. Implementation of Infrastructure Plan 4. Players and West Diamond and 1613881 will prepare plans of subdivision for the Players and West Diamond Lands and the 1613881 Lands within the Brookill Neighbourhood that are generally consistent with the Infrastructure Plan. None of these parties will ask the Municipality or any approving authority under the Planning Act to approve a plan of subdivision or conditions of approval of a plan of subdivision that is (are) not generally consistent with the Infrastructure Plan and/or not consistent with this MOU. Further, these parties will not appeal a proposed draft plan of subdivision or a condition of approval of a draft plan of subdivision that is not generally consistent with the Infrastructure Plan and/or not consistent with this MOU to the Ontario Municipal Board. Notwithstanding the foregoing provisions of this paragraph, this paragraph shall terminate on the registration of a plan(s) of subdivision of the entirety of the Players and West Diamond Lands and the 1613881 Lands within the Brookhill Neighbourhood. 8 Brookhill Boulevard from Green Road to Easterly Limit of 1613881 Lands 5. The PW Group will cause the lands comprising the portion of the Brookhill Boulevard Extension from Green Road to the easterly limit of 1613881 Lands as shown on the Infrastructure Plan (`Brookhill Boulevard Extension Part 1") to be transferred to the Municipality on or prior to the registration on title of a plan of subdivision to implement the first phase of development of the portion of the Players and West Diamond Lands to which the draft plan of subdivision referred to in Recital B applies. The Brookhill Boulevard Extension Part 1 shall have a width of 26 metres. Clarineton Boulevard Extension Part 1 to Loneworth Avenue Extension East 6. The PW Group will cause the lands comprising portions of the Clarington Boulevard Extension Part 1 shown on the Infrastructure Plan and located on the 1613881 Lands to be transferred to the Municipality as follows: (i) respecting the section between the southerly boundary of the 1613881 Lands northerly to the northerly boundary of the Brookhill Boulevard Extension Part 1, on or prior to the registration on title of a plan of subdivision to implement the first phase of development of the portion of the Players and West Diamond Lands to which the draft plan of subdivision referred to in Recital B applies; and (ii) respecting the section between the northerly boundary of the Brookhill Boulevard Extension Part 1 and the southerly boundary of the "Longworth Avenue Extension East' (as hereafter defined), on or prior to the registration on title of the first plan of subdivision of any part of the 1613881 Lands located easterly of the easterly boundary of the Brookhill Tributary Lands. For clarity, the combination of the foresaid sections is referred to in this MOU as the "Clarington Boulevard Extension Part I". 9 Loneworth Avenue from Easterly Limit of the 1613881 Lands to Westerly Limit of Urban Area 7. (a) The part of the planned extension of Longworth Avenue between Green Road and the westerly limit of the Players and West Diamond Lands as shown on the Infrastructure Plan is referred to in this MOU as the "Longworth Avenue Extension West'. The part of the planned extension of Longworth Avenue between Green Road and the easterly limit of the 1613881 Lands is referred to in this MOU as the "Longworth Avenue Extension East'. (b) The PW Group will cause the land required for the Longworth Avenue Extension West and the Longworth Avenue Extension East to be transferred to the Municipality not later than sixty days after the relevant day on which the "Final Alignment' (as hereafter defined) of them has been determined. For clarity, the PW Group will cause the land required for the structure ("Structure") required for the crossing by the Longworth Avenue Extension East of the creek located on the Brookhill Tributary Lands to be transferred to the Municipality at the same time as the conveyance of the lands required for the Longworth Avenue Extension East unless the portion of the Brookhill Tributary Lands on which the Structure will be located has previously been transferred to the Municipality pursuant to paragraphs 17(a)to (d) of this MOU. (c) The Longworth Avenue Extension West and the Longworth Avenue Extension East shall have a width of 30 metres. The PW Group at its cost shall prepare and deposit on title a reference plan of survey which identifies the location and width of the lands required for the Longworth Avenue Extension West and the Longworth Avenue Extension East (including the Structure) in order to permit the transfers of such lands to be registered on title. (d) If an "Environmental Assessment' (as hereafter defined) under the Environmental Assessment Act is required to determine the Final Alignment of the Longworth Avenue Extension West, the Longworth Avenue Extension East and/or the 10 Structure, the Municipality shall undertake and pay the costs of such environmental assessment. "Environmental Assessment" means, in respect of a proposed road project, the environmental assessment planning process for a Schedule B or Schedule C project as set out in the Municipal Class Environmental Assessment approved pursuant to the Environmental Assessment Act by the Minister of Environment, October 2000, as amended or replaced from time to time, or, in respect of any project for which an order has been issued by the Minister of the Environment pursuant to Section 16 of the Environmental Assessment Act, an individual environmental assessment for that project undertaken pursuant to Part II of the Environmental Assessment Act. (e) For the purposes of this MOU the term "Final Alignment" means in the case of the Longworth Avenue Extension West: (i) if an Environmental Assessment is not required for the undertaking of it the final alignment established such that its northern boundary coincides with the southerly boundary of the required buffer of the Provincially Significant Wetlands as determined in the EIS Part B as finally approved by the Municipality's Director of Planning Services, or by the Ontario Municipal Board pursuant to paragraph 19(b); and (ii) if an Environmental Assessment is required for the undertaking of it the final alignment of it as determined by that Environmental Assessment. (f) For the purposes of this MOU the term "Final Alignment" means in the case of the Longworth Avenue Extension East: (i) if an Environmental Assessment is not required for the undertaking of it the final alignment of the Structure as determined in the EIS Part A as finally approved by the Municipality's Director of Planning Services, and the final alignment of the balance of it as shown in a plan of subdivision of 11 the abutting portion of the 1613881 Lands that is (are) approved by the Municipality, the Regional Municipality of Durham or the Ontario Municipal Board pursuant to the Planning Act; and (ii) if an Environmental Assessment is required for the undertaking of it the final alignment of the Longworth Avenue Extension East and the Structure as determined pursuant to that Environmental Assessment. Prince William Boulevard from Pethick Street to Regional Road 57 (Prince William Boulevard Extension) 8. (a) Players and West Diamond will cause the land required to extend Prince William Boulevard from Pethick Street to Regional Road 57 as shown on the sketch contained in Schedule `B" hereto ("Prince William Boulevard Extension") plus a 0.3 metre reserve on both sides of it to be transferred to the Municipality on or prior to the registration on title of a plan of subdivision for the first phase of development of the draft plan of subdivision referred to in Recital B. (b) The Municipality will transfer the fee simple estate in the 0.3 metre reserve to the owner of the land abutting the 0.3 metre reserve in question (an "Abutting Landowner") on site plan approval being granted by the Municipality or the Ontario Municipal Board for the development of a building on such land that is permitted by the Municipality's Zoning By-law, By-law 84-63, as amended or replaced from time to time. Players and West Diamond shall be entitled to enforce this provision for the benefit of any Abutting Landowner, and to assign the benefit of this provision to any such Abutting Landowner who may enforce it directly against the Municipality. (c) Prior to registration on title of the plan of subdivision referred to in paragraph 8(a), Players and West Diamond, at their cost, will prepare and deposit on title a reference plan of survey showing the Prince William Boulevard Extension plus a 0.3 metre reserve on both sides of it which will permit the registration on title of 12 the conveyance of the lands required for the Prince William Boulevard Extension and the 0.3 metre reserves. Green Road Widenine 9. Players and West Diamond will transfer to the Municipality the required widening of Green Road located on the westerly side of Green Road, as shown as Block 272 on the draft plan of subdivision referred to in Recital B on or prior to the registration of the first plan of subdivision to be registered on title for the first phase of development of the draft plan of subdivision referred to in Recital B. All Transfers 10. All transfers referred to in this MOU shall be of the fee simple estate free and clear of all encumbrances and restrictions in the lands in question. They shall be made for a nominal consideration and shall be in a form satisfactory to the Municipality's solicitor. Reference Plan of Survey and Adjustments to Boundaries of Certain Roads 11. (a) A reference plan of survey which shows the lands comprising the Brookhill Boulevard Extension Part l and the Clarington Boulevard Extension Part 1 shall be prepared and deposited on title by the PW Group at its cost on or prior to the transfers referred to in this MOU so that they may be registered on title. (b) in the context of considering an application for approval of a draft plan of subdivision of any part of the 1613881 Lands that abut either or both of any part of the Brookhill Boulevard Extension Part 1 and the Clarington Boulevard Extension Part 1 ("Proposed Roads"), if the Proposed Roads have not been dedicated as public highways under the Municipal Act, 2001, and if the Director of Engineering Services and the Director of Planning Services agree in writing with the PW Group that it would be appropriate to make an adjustment to the boundaries of either of them, the Municipality shall transfer or release its interest 13 in the relevant portion(s) of the lands within either or both of the Proposed Roads either for a nominal consideration or an exchange for other lands of equivalent area which shall be incorporated into the alignment(s) of the Proposed Roads. Any reference plan of survey necessary to permit the registration of the aforesaid transfers shall be prepared and deposited on title by 1613 88 1. Clarington Boulevard Extension Part Works 12. (a) For the purposes of this MOU, the "Clarington Boulevard Extension Part 1 Works" are the Works necessary to construct and complete the Clarington Boulevard Extension Part 1 between the southerly boundaries of the 1613881 Lands and the Longworth Avenue Extension East as shown on the Infrastructure Plan. The Clarington Boulevard Extension Part 1 Works shall be constructed up to the standard provided in the Municipality's Design Criteria and Standard Detail Drawing C206, as approved by the Director of Engineering Services. (b) The PW Group at its cost will prepare the drawings considered necessary, in the Director of Engineering Services' opinion, to describe the Clarington Boulevard Extension Part 1 Works in compliance with Schedule "F" hereto. it shall submit the same to the Director for his consideration and if appropriate, his approval prior to the approval for registration on title of a plan of subdivision for any portion of the 1613881 Lands located easterly of the Brookhill Tributary Lands shown on the Infrastructure Plan. Until the drawings are approved by the Director of Engineering Services, 1613881 will not seek approval of a final plan of subdivision for any portion of the 1613881 Lands located easterly of the Brookhill Tributary Lands from the Municipality, the Regional Municipality of Durham or the Ontario Municipal Board. (c) Schedule "F" to Schedule "J", inclusive, apply in respect of the Clarington Boulevard Extension Part 1 Works and the Security for the "Maintenance 14 Guarantee for the Clarington Boulevard Extension Part 1 Works" (as provided for in Schedule"G" hereto). (d) The PW Group shall apply for an Authorization to Commence Works and shall commence construction within thirty days after the date on which the Authorization to Commence Works is issued in compliance with this MOU and in accordance with the staging plan for the Clarington Boulevard Extension Part 1 Works proposed by the PW Group if approved by the Director of Engineering Services. (e) The PW Group shall undertake, complete and maintain the Clarington Boulevard Extension Part I Works at its cost until a"Certificate of Acceptance" (as provided for in Schedule "F"hereto) of them is issued pursuant to this MOU. (f) On or prior to the issuance of an Authorization to Commence Works by the Director of Engineering Services pursuant to this MOU, the PW Group will deposit with the Municipality cash or an irrevocable and unconditional letter of credit issued by a bank listed in Schedules I or Ii of the Bank Act in the amount of the Clarington Boulevard Extension Part 1 Works Cost Estimate as it may be revised from time to time pursuant to this MOU as the "Clarington Boulevard Extension Part 1 Works Performance Guarantee". The current Clarington Boulevard Extension Part l Works Cost Estimate is contained in Schedule "C" hereto. It is subject to revision pursuant to Schedule "F" hereto. (g) 1613881 hereby irrevocably consents to the imposition of condition(s) of approval of a draft plan of subdivision of any portion of the 1613881 Lands located easterly from the Brookhill Tributary Lands shown on the Infrastructure Plan, pursuant to subsection 51(25) of the Planning Act which replicates such of the provisions of paragraph 12(a) to 12(f) inclusive, Schedules "F" to "J", inclusive, and Schedule "C" as revised pursuant to Schedule "F", as the Director of Planning Services, considers to be appropriate to protect the Municipality's interests. Any of the 15 aforesaid paragraphs and Schedules of this MOU that are so replicated shall terminate on the date of execution of a subdivision agreement between the Municipality and 1613881 which contains such replication. Brookhill Boulevard Part 1 Works 13. (a) For the purposes of this MOU, the Brookhill Boulevard Part 1 Works are the Works necessary to construct and complete Brookhill Boulevard Extension Part 1 from its intersection with Green Road easterly to its intersection with the easterly boundary of the 1613881 Lands up to the standard provided in the Municipality's Design Criteria and Standard Detail Drawing C205, as approved by the Director of Engineering Services. (b) The PW Group, at its cost, will prepare the drawings considered necessary in the Director of Engineering Services' opinion, to describe the Brookhill Boulevard Part 1 Works and comply with Schedule "F" hereto. The PW Group shall submit the same to the Director for his consideration and if appropriate, his approval not less than ninety (90) days following the "Brookhill Boulevard Part 1 Works Construction Trigger Date" (as hereafter defined). (c) Schedule "F" to Schedule "J", inclusive, apply in respect of the Brookhill Boulevard Part I Works, provided that references to the "Relevant Parties" shall be deemed to be references to the PW Group, references to the "Relevant Lands" shall be deemed to be references to the alignment of the Brookhill Boulevard Extension Part 1 on the 1613881 Lands and all references to the "Clarington Boulevard Extension Part 1", the "Clarington Boulevard Extension Part 1 Works", the "Clarington Boulevard Extension Part 1 Works Cost Estimate" and the "Revised Clarington Boulevard Extension Part 1 Works Cost Estimate", the "Clarington Boulevard Extension Part 1 Works Performance Guarantee" and the "Clarington Boulevard Extension Part 1 Works Maintenance Guarantee" shall be deemed to be references to the `Brookhill Boulevard Extension Part 1", the "Brookhill Boulevard Extension Part I Works", the Brookhill Boulevard 16 Extension Part 1 Works Cost Estimate", the "Revised Brookhill Boulevard Extension Part 1 Works Cost Estimate", the `Brookhill Boulevard Extension Part 1 Works Performance Guarantee" and the `Brookhill Boulevard Extension Part I Works Maintenance Guarantee", respectively. (d) On or prior to the issuance of an "Authorization to Commence Works" by the Director of Engineering Services the PW Group shall cause to be deposited with the Municipality cash or an irrevocable and unconditional letter of credit issued by a bank listed in Schedule I or II of the Bank Act in the amount of the Brookhill Boulevard Part 1 Works Cost Estimate as revised from time to time pursuant to this MOU as the `Brookhill Boulevard Part l Works Performance Guarantee". The current Brookhill Boulevard Part 1 Works Cost Estimate is contained in Schedule "D" hereto. It is subject to revision pursuant to Schedule "F" hereto. Until the Brookhill Boulevard Part 1 Works Performance Guarantee is deposited with the Municipality pursuant to this MOU, Players and West Diamond shall not seek final approval of a plan of subdivision or a consent to divide Block 273 shown on the draft plan of subdivision referred to in Recital B. (e) As part or the whole of the Brookhill Boulevard Part 1 Works Performance Guarantee the Municipality may retain and apply the performance guarantee which will be deposited by Players and West Diamond for the Works to be constructed by them in connection with the development of lands within the draft plan of subdivision referred to in Recital B, in order to satisfy in whole or in part the requirements of this paragraph. The Municipality may draw upon the retained amount of such performance guarantee to the same extent as would be the case if it had been deposited expressly to guarantee performance of the Brookhill Boulevard Part 1 Works. For clarity, if 1613881 deposits the Brookhill Boulevard Part 1 Works Performance Guarantee with the Municipality, the Municipality's right to retain and apply the aforesaid performance guarantee deposited with the Municipality by Players and West Diamond under this paragraph 13(e) shall 17 terminate, and any retained performance guarantee shall forthwith be returned by the Municipality to Players and West Diamond. (f) The `Brookhill Boulevard Part 1 Works Construction Trigger Date" is the date which is five years following the earlier to occur of the registration on title of the plan of subdivision for the first phase of development of the Players and West Diamond Lands and the registration on title of the first plan of subdivision of any part of the 1613881 Lands situated west of the westerly limit of the Brookhill Tributary Lands as shown on the Infrastructure Plan ("Five Year Period"). (g) The PW Group shall apply for an Authorization to Commence Works and shall commence construction of the Brookhill Boulevard Part I Works in accordance with this MOU no later than ninety days following the occurrence of the Brookhill Boulevard Part I Works Construction Trigger Date provided that if a minimum of buildings permits for five hundred dwelling ("Five Hundred Permits") have not been issued on lands in the Brookhill Neighbourhood located west of the westerly limit of the Brookhill Tributary Lands including those lands designated for residential uses which are located south of Brookhill Boulevard between Green Road and Boswell Drive prior to the occurrence of the Brookhill Boulevard Part 1 Works Construction Trigger Date, that date shall be deemed to be extended by one year, and provided further that if on the sixth anniversary of the commencement of the Five Year Period, Five Hundred Permits have not been issued, the parties will enter into negotiations to amend this MOU by setting a mutually agreeable date for the commencement of design and construction of the Brookhill Boulevard Part 1 Works in accordance with this MOU. (h) The PW Group, at their cost, in accordance with Schedule "F" hereto shall undertake, complete and maintain the Brookhill Boulevard Part 1 Works until a Certificate of Acceptance of them is issued pursuant to this MOU. 18 (i) 1613881 hereby irrevocably consents to the imposition of condition(s) of approval of a draft plan of subdivision of any portion of the 1613881 Lands located westerly from the Brookhill Tributary Lands shown on the Infrastructure Plan pursuant to subsection 51(25) of the Planning Act which replicates such of the provisions of paragraphs 13(a) to 13(h), inclusive, and Schedules "F" to 1111, inclusive, and Schedule "D" as revised pursuant to Schedule "F" as the Director of Planning Services considers necessary to protect the Municipality's interests. Any of the aforesaid paragraphs and Schedules of this MOU that are so replicated shall terminate on the date of execution of a subdivision agreement between the Municipality and 1613881 which contains such replication. Longworth Avenue Extension East and West Works 14. (a) For the purposes of this MOU, the "Longworth Avenue Extension East Works" are the Works necessary to construct and complete the Longworth Avenue Extension East, provided that the Longworth Avenue Extension East Works do not include the Works required for the Structure and the roadway on it which shall be designed, constructed, completed and maintained by the Municipality at its cost. For the purposes of this MOU the "Longworth Avenue Extension West Works" are the Works necessary to construct and complete the Longworth Avenue Extension West. The Longworth Avenue Extension East Works and Longworth Avenue Extension West Works are referred to collectively in this MOU as the"Longworth Avenue Extension East and West Works". (b) The PW Group shall construct and complete the Longworth Avenue Extension East and West Works up to the standard provided in the Municipality Design Criteria and Standard Detail Drawing C206 as modified and approved by the Director of Engineering Services. The Municipality shall be responsible for the cost of the design, construction, maintenance and repair of any oversizing of the Longworth Avenue Extension East and West Works. 19 (c) The PW Group, at its cost, will prepare the drawings considered necessary in the Director of Engineering Services' opinion to describe the Longworth Avenue Extension East and West Works and comply with Schedule "F" hereto. The PW Group shall submit the same to the Director for his consideration and if appropriate, his approval not more than ninety days after the "Longworth Avenue Extension East and West Works Construction Trigger Date" (as hereafter defined). (d) Schedule "F" to Schedule "J", inclusive shall apply in respect of the Longworth Avenue Extension East and West Works, provided that references to the "Relevant Parties" shall be deemed to be references to the PW Group, references to the "Relevant Lands" shall be deemed to be references to the "Longworth Avenue Extension East" and the "Longworth Avenue Extension West", and all references to the "Clarington Boulevard Extension Part 1", the "Clarington Boulevard Extension Part 1 Works", the "Clarington Boulevard Extension Part 1 Works Cost Estimate", the "Revised Clarington Boulevard Extension Part 1 Works Cost Estimate", the "Clarington Boulevard Extension Part I Works Performance Guarantee" and the "Clarington Boulevard Extension Part 1 Works Maintenance Guarantee" shall be deemed to be references to the "Longworth Avenue Extension West" and the "Longworth Avenue Extension East", the "Longworth Avenue Extension East and West Works", the "Longworth Avenue Extension East and West Works Cost Estimate", the "Revised Longworth Avenue Extension East and West Works Cost Estimate", the "Longworth Avenue Extension East and West Performance Guarantee" and the "Longworth Avenue Extension East and West Maintenance Guarantee", respectively. (e) For the purposes of this MOU, the "Longworth Avenue Extension East and West Works Construction Trigger Date" is the day on which the Director of Engineering Services gives written notice to the PW Group that having regard to the transportation analysis prepared for and at the cost of the Municipality, he has determined that the Longworth Avenue Extension East and West Works and the 20 Structure must be constructed in order to deal effectively with traffic operations and/or safety issues that are identified in the analysis. For clarity, the Longworth Avenue Extension East and West Works Construction Trigger Date may not occur until the Final Alignment of the Longworth Avenue Extension East and the Longworth Avenue Extension West have been determined in accordance with paragraphs 7(e) and (f) of this MOU. (f) Within ninety days after the Director of Engineering Services approves the drawings referred to in paragraph 14(c), the PW Group shall apply to the Director of Engineering Services for an Authorization to Commence Works and shall commence construction of the Longworth Avenue Extension East and West Works. The PW Group shall complete and shall maintain the Longworth Avenue Extension East and West Works in accordance with Schedule "F" hereto until a Certificate of Acceptance of them is issued, provided that the Municipality shall pay to the PW Group the funds necessary to cover the cost of construction of any oversizing work required by the Director of Engineering Services and shall make payment thereof to the PW Group within 45 days of receipt of a performance certificate or invoice certified by the PW Group's "Engineer" (as provided for in Schedule"F"hereafter defined) that the oversizing work has been completed. (g) On or prior to the issuance of an Authorization to Commence Works by the Director of Engineering Services, the PW Group will deposit cash or an irrevocable and unconditional letter of credit with the Municipality in the amount shown on the Longworth Avenue Extension East and West Works Cost Estimate as it may be revised from time to time pursuant to Schedule "F" as the performance guarantee ("Longworth Avenue Extension East and West Works Performance Guarantee") for the Longworth Avenue Extension East and West Works. The current Longworth Avenue Extension East and West Works Cost Estimate is contained in Schedule "E" hereto. 21 (h) Until the PW Group deposits the Longworth Avenue Extension East and West Works Performance Guarantee with the Municipality they shall hold the proceeds of any sale of the School Site shown on the Infrastructure Plan to the School Board or to any person, or so much thereof as is equal to the amount of the Longworth Avenue Extension East and West Works Cost Estimate as revised from time to time, the ("Longworth Amount') in trust ("Longworth Trust'). The beneficiary of the Longworth Trust is the Municipality. The PW Group shall give the Municipality written notice before they complete an agreement to sell the School Site to the School Board or to any person. On completion of the agreement, the PW Group shall forthwith pay the Longworth Amount to the Municipality as the Longworth Avenue Extension East and West Performance Guarantee. In the event that they fail to do so, the PW Group hereby consents to an Order being issued by the Ontario Superior Court of Justice the effect of which will be to require the Longworth Amount to be paid to the Municipality for use by the Municipality as the Longworth Avenue Extension East and West Works Performance Guarantee. For clarity, the Longworth Amount shall be deemed to be released from the Longworth Trust and the Longworth Trust terminated on the deposit with the Municipality of the Longworth Avenue Extension East and West Performance Guarantee. Notwithstanding the foregoing provisions of this paragraph 14(h), the PW Group shall not complete the sale of the School Site to the School Board or any person until the Longworth Avenue Extension East and West Works Performance Guarantee has been deposited with the Municipality. (i) The Director of Engineering Services shall consult with the PW Group concerning terms of reference for the transportation analysis referred to in paragraph 14(e) before he authorizes the analysis to be commenced. (j) The PW Group hereby irrevocably consents to the imposition of condition(s) of approval of a draft plan of subdivision of the whole or part of the Players and West Diamond Lands within the Brookhill Neighbourhood, and the 1613881 Lands pursuant to subsection 5](25) of the Planning Act, which replicates such of 22 the provisions of paragraph 14(a) to 14(i) inclusive, Schedules "F" to "J", inclusive, and Schedule "E" as revised pursuant to Schedule "F" of this MOU as the Director of Planning Services considers necessary to protect the Municipality's interests. Any of the aforesaid paragraphs and Schedules of this MOU that are so replicated shall terminate on the date of execution of subdivision agreements between the Municipality and Players and West Diamond and the Municipality and 1613881 which contain such replication. Prince William Boulevard Extension Part 1 Works 15. (a) For the purposes of this MOU, the Prince William Boulevard Extension Part I Works are the Works approved by the Director of Engineering Services necessary to construct and complete the Prince William Boulevard Extension from Pethick Street to Regional Road 57 as shown on the sketch contained in Schedule `B" hereto, up to the standard provided in the Municipality's Design Criteria and Standard Detail Drawing C208. (b) Not less than sixty days prior to the registration on title of the first plan of subdivision to implement any part of the draft plan of subdivision referred to in Recital B, Players and West Diamond, at its cost, will prepare the drawings necessary in the Director of Engineering Services' opinion, to describe the Prince William Boulevard Extension Part 1 Works and comply with Schedule "F" hereto. Players and West Diamond shall submit the same to the Director for his consideration and if appropriate, his approval. (c) Schedule "F" to Schedule "J", inclusive, apply in respect of the Prince William Boulevard Extension Part 1 Works, provided that references to the "Relevant Parties" shall be deemed to be references to Players and West Diamond, references to the "Relevant Lands" shall be deemed to be references to the "Prince William Boulevard Extension" and all references to the "Clarington Boulevard Extension Part 1", the "Clarington Boulevard Extension Part 1 Works", the "Clarington Boulevard Extension Part 1 Works Cost Estimate", the 23 Revised Clarington Boulevard Extension Part 1 Works Cost Estimate", the "Clarington Boulevard Extension Part 1 Works Performance Guarantee" and the "Clarington Boulevard Extension Part I Works Maintenance Guarantee" shall be deemed to be references to the "Prince William Boulevard Extension", the "Prince William Boulevard Extension Part 1 Works", the "Prince William Boulevard Extension Part 1 Works Cost Estimate", the "Revised Prince William Boulevard Extension Part 1 Works Cost Estimate", the "Prince William Boulevard Extension Part 1 Works Performance Guarantee" and the "Prince William Boulevard Extension Part I Maintenance Guarantee", respectively. (d) Players and West Diamond shall apply for an Authorization to Commence Works and shall commence construction of the Prince William Boulevard Extension Part 1 Works not more than sixty days after the Director of Engineering Services approves the drawings referred to in paragraph 15(b). Players and West Diamond shall complete and shall maintain the Prince William Boulevard Extension Part 1 Works until a Certificate of Completion of the particular Works is issued pursuant to this MOU. For clarity, the Works for which Players and West Diamond are responsible to construct and install do not include the installation of the top coat of asphalt on the Prince William Boulevard Extension. (e) On or prior to the issuance of an Authorization to Commence Works respecting the Prince William Boulevard Extension Part I Works by the Director of Engineering Services Players and West Diamond shall deposit with the Municipality cash or an irrevocable and unconditional letter of credit issued by a bank listed in Schedule I or II of the BankAct in the amount of the Prince William Boulevard Extension Part 1 Works Cost Estimate as revised from time to time pursuant to this MOU, as the Prince William Boulevard Extension Part I Performance Guarantee. The current Prince William Boulevard Extension Part 1 Works Cost Estimate is contained in Schedule "K" hereto. It is subject to revision pursuant to Schedule "F" hereto. 24 (f) Until a Certificate of Completion of the Prince William Boulevard Extension Part 1 Works is issued by the Director of Engineering Services, Players and West Diamond will not permit any person to occupy a dwelling unit or any lot or block shown on the draft plan of subdivision referred to in Recital B. (g) Players and West Diamond hereby irrevocably consent to the imposition of condition(s) of approval of the draft plan of subdivision referred to in Recital B pursuant to subsection 51(25) of the Planning Act, which replicate such of the provisions of paragraphs 15(a) to 15(f) inclusive, Schedule "F" to "J", inclusive, and Schedule "K" as it may be revised pursuant to this MOU as the Director of Planning Services considers necessary to protect the Municipality's interests. Any of the aforesaid paragraphs and Schedules of this MOU that are so replicated shall terminate on the date of execution of a subdivision agreement between the Municipality and Players and West Diamond which contains such replication. Licence 16. The Municipality hereby grants to the PW Group including 1613881, their respective officers, employees, agents, constituents and suppliers of services and materials, the licence to enter on any of the lands transferred to the Municipality pursuant to this MOU for the purpose of constructing and maintaining the Clarington Boulevard Extension Part 1 Works, the Brookhill Boulevard Extension Part 1 Works, the Longworth Avenue East Works, the Prince William Boulevard Extension Part 1 Works, the "West Pond" (as hereafter defined) and the "Channel and Outfalls" (as hereafter defined), as the case may be. Brookhill Tributary Lands East of Green Road 17. (a) Forthwith after final approval by the Municipality's Director of Planning Services of the EIS Part A, the PW Group at its cost, will cause to be prepared and deposited on title a reference plan of survey satisfactory to the Director of 25 Planning Services which identifies the "Adjusted Tops of Banks" (as hereafter defined) of the Brookhill Tributary Lands located on the 1613881 Lands, and buffer strips five metres wide measured from the Adjusted Tops of Banks (the "Buffer Strips"). (b) In this MOU the term "Adjusted Tops of Banks" means the existing tops of banks adjusted as necessary to accommodate slope stability and any adjustment of the boundaries of the floodplain either as required by the Central Lake Ontario Conservation Authority ("CLOCA") or as are recommended in the EIS Part A as finally approved by the Director of Planning Services. (c) 1613881 hereby grants to the Municipality an option to purchase ("Option') the fee simple estate free and clear of encumbrances and restrictions, except those set out in paragraph 3 of Schedule "L" hereto, in the lands between the Adjusted Tops of Banks and the lands comprising the Buffer Strips for a nominal consideration ("Lands To Be Transferred"). The option may be exercised with respect to the whole or any part of the aforesaid lands and at a time determined by the Director of Planning Services. However, the Option cannot be exercised before the day that is eighteen months after the day on which the Final Alignment of the Longworth Avenue Extension East is determined pursuant to paragraph 7 of this MOU. (d) The Option shall be exercised by the Municipality giving 1613881 written notice that it has been exercised. The day on which the Option is exercised is the "Option Exercise Day". On the exercise of the Option as aforesaid, 1613881 as Vendor and the Municipality as Purchaser shall be deemed to have entered into a binding agreement of purchase and sale of the lands respecting which the Option is exercised ("Purchase Agreement'). The terms and conditions of the Purchase Agreement are those contained in the Schedule "L"hereto. 26 Payment to the Municipality 18. (a) Prior to the registration on title of a plan of subdivision to implement any part of the draft plan of subdivision referred to in Recital B, the PW Group will pay the Municipality the sum of One Hundred Thousand Dollars ($100,000.00) ("Contribution"). The Contribution shall be expended by the Municipality at its discretion on the Brookhill Tributary Lands that presently are part of the 1613881 Lands within the Adjusted Tops of Banks and the lands comprising the Buffer Strips referred to in paragraph 17(a) for the purpose of implementing in whole or in part the recommendations of the 'Brookhill Tributary Naturalization Plan ("Naturalization Plan") as finally approved by the Director of Planning Services which may include the installation of benches, garbage receptacles, and the planting of trees.The Municipality agrees that the PW Group shall not be required to undertake any other works within the Brookhill Tributary Lands and the Buffer Strips, other than as required pursuant to paragraphs 20(a) and 20(b). (b) The PW Group confirms that neither it nor any other person, including anv successor in title to the Players and West Diamond Lands or the 1613881 Lands, shall be entitled to, nor shall the PW Group, seek any credit under the Development Charges Act, 1997 with respect to the Contribution or with respect to any service on which it may be expended pursuant to paragraph 1.8(a) which is provided for in the Municipality's proposed 2010 development charges by-law. (c) If the Municipality decides to include trails on parts of the Brookhill Tributary Lands and the Buffer Strips referred to in paragraph 17(c) in its 2010 development charges by-law to be passed under the Development Charges Act, 1997, Players, West Diamond and 1613881 will not appeal to the Ontario Municipal Board to contest the appropriateness of such inclusion. 27 Transfer to Municipality of PSW on Players and West Diamond Lands 19. (a) Players and West Diamond will transfer the fee simple estate to the Municipality in the portion of the Players and West Diamond Lands designated Provincially Significant Wetlands and any required buffer which is identified in the EIS Part B (the "PSW Lands"), within six months after the EIS Part B is finally approved by the Director of Planning Services. No final approval of a plan of subdivision of or a consent to divide Block 273 on the draft plan of subdivision referred to in Recital B shall be granted until the PSW Lands have been conveyed to the Municipality. The transfer of the PSW Lands shall be in a form satisfactory to the Municipality's solicitor, shall be for a nominal consideration and shall be free and clear of all encumbrances and restrictions. Prior to the transfer of title to the Municipality, Players and West Diamond at their cost shall prepare and deposit on title a reference plan of survey which shows the portion of the PSW Lands to be transferred to the Municipality. Players and West Diamond at their cost shall implement recommendations of the EIS Part B as finally approved by the Director of Planning Services respecting the remediation of environmental conditions, if any, identified in the EIS Part B on the buffer portion of the PSW Lands prior to the conveyance of the PSW Lands to the Municipality. (b) Notwithstanding paragraph I9(a), in the event that Players and West Diamond do not agree that the boundaries of the Provincially Significant Wetlands and/or the required buffer (if it is in excess of 30 metres wide) identified by the EIS Part B on the Players and West Diamond Lands are reasonable, then prior to the expiry of the six month period commencing on the day on which the Director gives notice of his final approval of the EIS Part B, Players and West Diamond may submit a draft plan of subdivision to the Municipality of Block 273 on the draft plan of subdivision ("New Plan of Block 273") referred to in Recital B showing the boundaries that they consider to be reasonable. The boundaries of the Provincially Significant Wetlands and the required buffer shown on the New Plan of Block 273 as approved by the Municipality or the Ontario Municipal Board, in 28 the event that Players and West Diamond appeal the New Plan of Block 273 to the Ontario Municipal Board, shall be deemed to replace the boundaries of the Provincially Significant Wetlands and/or the required buffer identified in the EIS Part B and shall be used to determine the boundaries of the PSW Lands, and the PSW Lands shall be conveyed by Players and West Diamond to the Municipality within six months following the draft approval of the New Plan of Block 273. In the event that Players and West Diamond do not apply for approval of a New Plan of Bock 273 prior to the expiry of the aforesaid six month period, Players and West Diamond shall be deemed to have agreed that the boundaries of the Provincially Significant Wetlands and required buffer are the boundaries as shown on the EIS Part B as finally approved by the Director of Planning Services and they shall be used to determine the boundaries of the PSW Lands. Stormwater Manaeement Pond for the PW Group's Lands and Clean Water Channel 20. (a) The PW Group at its cost will satisfy the conditions of approval of the draft plan of subdivision referred to in Recital B respecting the stormwater management pond on the west side of the Brookhill Tributary Lands ("West Pond"), the clean water channel and outfalls ("Channel and Outfalls") which conditions are contained in Attachment 44 to Report 4PSD-11 1-09. For clarity, the PW Group at its cost will satisfy the requirements of the Director of Engineering Services respecting the construction or installation of remediation works required for the restoration of the areas within the Brookhill Tributary Lands that are disturbed due to the construction of the West Pond, Channel and Outfalls and any geomorphic alteration or erosion control works required by the EIS Part A or the detailed drawings for the West Pond, Channel and Outfalls approved by the Director of Engineering Services, which for greater certainty shall not include works related to the construction of trails or any enhancement of vegetation beyond that required to address the restoration, geomorphic alteration or erosion control works as shown on such detailed drawings. It is agreed that these are external works respecting the lands within the draft plan of subdivision referred to 29 in Recital B and that their construction and maintenance will be secured to the Municipality by the performance guarantee required to be deposited with the Municipality pursuant to the proposed subdivision agreement between Players, West Diamond and the Municipality. (b) Prior to the construction and installation of the works required for the West Pond, Channel and Outfalls referred to in paragraph 20(a), the PW Group will cause the fee simple interest in the lands in or on which the West Pond, Channel and Outfalls are located to be transferred to the Municipality free and clear of encumbrances and restrictions. The transfer shall be made for a nominal consideration and shall be in a form satisfactory to the Municipality's solicitor. Any necessary reference plan of survey to permit the registration on title of the transfers shall be prepared and deposited on title by the PW Group at its cost. Transfer to the Municipality of the Parkette East of Green Road and the Neighbourhood Park on 1613881 Lands and Park Concept Plan 21. (a) The PW Group shall cause the fee simple interest in the Parkette (minimum 0.5 ha.) on the east side of Green Road and the Neighbourhood Park (minimum 2.0 ha.) both as shown on the Infrastructure Plan to be transferred to the Municipality prior to the later to occur of (i) the registration on title of the first plan of subdivision of any part of the 1613881 Lands, (ii) ninety days following the final approval of the EIS Part A by the Director of Planning Services, and (iii) ninety days following the determination of the Final Alignment of the Longworth Avenue Extension East. The transfer shall be in a form satisfactory to the Municipality's solicitor, shall be made for a nominal consideration and shall be free and clear of all encumbrances and restrictions. (b) Prior to the transfer of the lands referred to in paragraph 21(a), the PW Group, at its cost, shall prepare and submit to the Director of Engineering Services for his consideration and if appropriate his approval a suitable park development concept 30 plans for the Parkette and the Neighbourhood Park, both as referred to in paragraph 21(a). Calculation of Parkland Required for PW Group's Development 22. (a) The PW Group and the Municipality agree that the land required to be transferred to the Municipality for park or other public recreational purposes shall be calculated for the lands set out below as follows: (i) respecting the Players and West Diamond Lands located west of Green Road and north of the planned Brookhill Boulevard as contained within draft plan of subdivision application S-C-2004-004, subject to paragraph 22(b), 1 ha. for each 300 dwelling units; (ii) respecting the residential lands presently owned by Players and West Diamond located between Green Road and Boswell Drive south of the planned Brookhill Boulevard (the "Town Centre Block"), subject to paragraph 22(c), I ha for each 300 dwelling units; and (iii) respecting the 1613881 Lands south of the northerly limit of the Longworth Avenue Extension East shown on the Infrastructure Plan, subject to paragraph 22(d), 5%of the total area of the 1613881 Lands. The PW Group and the Municipality acknowledge and agree that this method of calculation would result in a transfer of land to the Municipality for park or other public recreational purposes of 1.907 ha. respecting the Players and West Diamond Lands, 0.538 ha. respecting the Town Centre Block and 1.495 ha. respecting the 1613881 Lands, respectively, for a total of 3.94 ha. (b) They also acknowledge and agree that for the purpose of this calculation the lands within Block 273 on the draft plan of subdivision referred to in Recital B have 31 been assumed to be developed for 149 units. In the event that Block 273 is developed for more than 149 units, the PW Group shall pay the Municipality the cash value determined on the "Valuation Date" (as hereafter defined) of the resulting under-dedication of land for park or other public recreational purposes. In the event that Block 273 is developed for fewer than 149 units, the Municipality shall pay the PW Group the cash value determined on the Valuation Date of the resulting over-dedication of land for park or other public recreational purposes. In either case, the payment shall be made on the "Payment Date" (as hereafter defined). (c) The PW Group and the Municipality acknowledge and agree that in calculating the number of dwelling units assigned to the Town Centre Block, a total of 161 units for the lands has been used in the calculation referred to in paragraph 22(a)(i). If the actual residential density of buildings proposed to be developed on this land exceeds a total of 161 units, Players and West Diamond or their successors in title will pay the cash value of the under-dedication to the Municipality on or prior to the day on which site plan approval of that development is granted pursuant to section 41 of the Planning Act. (d) The PW Group and the Municipality acknowledge and agree that if the area of the 1613881 Lands located south of the northerly boundary of the Final Alignment of the Longworth Avenue Extension East ("South Lands") is greater than 29.11 ha., the PW Group or their successors in title will pay the cash value of the under- dedication determined on the Valuation Date to the Municipality on the Payment Date. In the event that the area of the South Lands is less than 29.11 ha., the Municipality will pay the cash value of the over-dedication determined on the Valuation Date to the PW Group on the Payment Date. (e) The PW Group and the Municipality acknowledge and agree that the Neighbourhood Commons Square located within the Players and West Diamond Lands and the Neighbourhood Park and the Parkette within the 1613881 Lands, 32 all as shown on the Infrastructure Plan (collectively the "Parkland"), shall, subject to paragraphs 22(b), to 22(d), inclusive, be conveyed to the Municipality on account of the collective parkland dedication requirements under the Planning Act for all of the lands described in paragraph 22(a). If the final total area of Parkland conveyed to the Municipality is less than the 3.94 ha assumed total parkland dedication requirement set out in paragraph 22(a), the PW Group will pay to the Municipality the cash value determined on the Valuation Date of the resulting under-dedication of land for park or other public recreational purposes. If the final total area of the Parkland that has been conveyed to the Municipality exceeds the 3.94 ha assumed total parkland dedication requirement, the Municipality shall pay to the PW Group the cash value determined on the Valuation Date of the resulting over-dedication of land for park or other public recreational purposes. Payment shall be made on the Payment Date. (f) The term "Valuation Date" means the day for determining the under-dedication or the over-dedication referred to in paragraph 22(b), 22 (d) and 22(e) which is the later of(i) the day before the approval of the last draft plan of subdivision for the Players and West Diamond Lands, and (ii) the day before the approval of the last draft plan of subdivision for the South Lands. (g) The term "Payment Date" means the day of registration on title of the first plan of subdivision referred to in paragraph 22(f) following the occurrence of the Valuation Date. School Site at South-East Corner of Lon2worth Avenue Extension and Clarinaton Boulevard Extension 23. 1613881 agrees to the incorporation as a condition of approval of the first draft plan of subdivision of the 1613881 Lands located easterly from the Brookhill Tributary Lands, the following: 33 1613881 shall deposit with the Municipality, a letter from the School Board stating that arrangements satisfactory to the School Board have been made respecting the School Site shown on the Infrastructure Plan. Temporary Access to Neighbourhood Park and/or School Site 24. (a) In the event that (i) the combination of existing dwelling units and building permits issued for new dwelling units on lands within the Brookhill Neighbourhood equals or exceeds eight hundred and fifty (850) ("850 Threshold") , and (ii) the Clarington Boulevard Extension Part I has not been extended to the northerly limit of the first street south of the School Site within the 1613881 Lands as shown on the Infrastructure Plan ("Street S"), the PW Group will cause to be transferred to the Municipality, the Regional Municipality of Durham, Veridian Corporation and the School Board, respectively, for a nominal consideration temporary easements ("Temporary Easements") to provide for sanitary sewer, water and electricity services for the Neighbourhood Park and School Site shown on the Infrastructure Plan and access to the Neighbourhood Park and/or the abutting School Site both as shown on the Infrastructure Plan. (b) The works required to construct the Temporary Easement (the "Temporary Easements Works") shall be constructed in accordance with drawings which shall be prepared by the PW Group at its cost. The drawings shall be submitted to the Director of Engineering Services for his consideration, and if he considers them to be appropriate, his approval. The Temporary Easements Works shall be constructed by the PW Group at its cost in accordance with the approved drawings. (c) Prior to the achievement of the 850 Threshold, the PW Group shall prepare the Temporary Easements Works Cost Estimate and shall submit it to the Director of Engineering Services for his consideration and if appropriate, his approval. 34 (d) Schedule "F" to Schedule "P', inclusive, apply in respect of the Temporary Access Easements Works, provided that references to the "Relevant Parties" shall be deemed to be references to the PW Group, reference to the "Relevant Lands" shall be deemed to be references to the lands subject to the Temporary Easements, and all references to the "Clarington Boulevard Extension Part 1, the "Clarington Boulevard Extension Part 1 Works", the "Clarington Boulevard Extension Part I Works Cost Estimate", the "Clarington Boulevard Extension Part I Works Performance Guarantee", and the "Clarington Boulevard Extension Part 1 Works Maintenance Guarantee" shall be deemed to be references to the "Temporary Easements", the "Temporary Easements Works Cost Estimate", the "Temporary Easements Works Performance Guarantee" and the "Temporary Easements Works Performance Guarantee", respectively. (e) Prior to the achievement of the 850 Threshold, the PW Group shall apply for the issuance of an Authorization to Commence Works from the Director of Engineering Services. On or prior to the issuance of the Authorization to Commence Works, the PW Group shall deposit cash or an irrevocable and unconditional letter of credit issued by a bank listed in Schedules I or 11 of the Bank Act in the amount of the Temporary Easements Works Cost Estimate as the Temporary Easements Works Performance Guarantee. (f) Notwithstanding paragraphs 24(b) to 24(e), inclusive, in the event that any portion of the dwelling units comprising the 850 Threshold are developed on lands within the Brookhill Neighbourhood other than within the Players and West Diamond Lands or the 1613881 Lands, the PW Group shall only be required to fund the proportionate share of the costs of the Temporary Easement Works attributable to development on the Players and West Diamond Lands or the 1613881 Lands. calculated as the percentage of the dwelling units comprising the 850 Threshold that are located within the Players and West Diamond Lands and the 1613881 Lands. 35 (g) Until the PW Group deposits the Temporary Easements Works Performance Guarantee with the Municipality, they shall hold the proceeds of any sale of the School Site shown on the Infrastructure Plan to the School Board or to any person, or so much thereof as is equal to the amount of the Temporary Easements Works Cost Estimate as revised from time to time (`Temporary Easements Amount") in trust ("Temporary Easements Trust"). The beneficiary of the Temporary Easements Trust is the Municipality. The PW Group shall give the Municipality written notice before they complete an agreement to sell the School Site to the School Board or to any person. On completion of the agreement, the PW Group shall pay the Temporary Easements Amount to the Municipality as the Temporary Easements Works Performance Guarantee. In the event that they fail to do so, the PW Group hereby consents to an order being issued by the Ontario Superior Court of Justice, the effect of which will be to require the Temporary Easements Amount to be paid to the Municipality as the Temporary Easements Works Performance Guarantee. For clarity, the Temporary Easements Amount shall be deemed to be released from the Temporary Easements Trust and the Temporary Easements Trust terminated on the deposit with the Municipality of the Temporary Easements Works Performance Guarantee. Notwithstanding the foregoing provisions of this paragraph 24(f), the PW Group shall not complete the sale of the School Site to the School Board or to any person until the Temporary Easements Works Performance Guarantee has been deposited with the Municipality. (g) The scope, terms, and form of the Temporary Easements shall be satisfactory to the Municipality's solicitor, the solicitor for the Regional Municipality of Durham, the solicitor for Veridian Corporation and the School Board's solicitor, respectively, as the solicitor for the transferee of the particular Temporary Easement. The Temporary Easements shall terminate on the day on which the later to be dedicated as a public highway of the extension of Clarington Boulevard to the northerly limit of Street S and Street S is dedicated as a public highway. if a reference plan of survey to show the Temporary Easements area is necessary to 36 permit the registration on title of the Temporary Easements, it shall be prepared and deposited on title at the cost of the PW Group. Notice 25. If any notice or other document is required to be or may be given by the Municipality or by any official of the Municipality to the Owners by these Principles, such notice shall be transmitted by telefax, mailed by first class prepaid post or delivered to: To Players: Players Business Park Ltd. 1700 Langstaff Road Suite 2003 Concord, ON L4K 3S3 Attention: Mr. Bruce Fischer Fax: 905-669-2134 To West Diamond: West Diamond Properties Inc. 30 Floral Parkway Concord, ON IAK 4R1 Attention: Fax: 905-669-2134 To 1613881: 1613881 Ontario Inc. 1700 Langstaff Road Suite 2003 Concord, ON L4K 3S3 Attention: Mr. Bruce Fischer Fax; 905-669-2134 To the PW Group: The PW Group c/o Players Business Park Ltd. 1700 Langstaff Road Suite 2003 Concord, ON L4K 3S3 Attention: Mr.Bruce Fischer Fax: 905-669-2134 37 To the Municipality: The Municipality of Clarington 40 Temperance Street Bowmanville, ON LIC 3A6 Attention: Director of Planning Services Fax: 905-623-0830 or such other address of which the Owners have notified the Municipality in writing. Any such notice so mailed or delivered shall be deemed good and sufficient notice under the terms of these Principles and shall be effective from the date which it is so mailed or delivered. Interpretation 26. (a) This MOU shall be read with all changes of gender or number required by the context. References to the Director of Planning Services, the Director of Engineering Services and the Director of Finance/Treasurer shall mean the persons from time to time appointed to such offices by the Municipality or their delegates. (c) The term "School Board" when used in this MOU means the Kawartha Pine Ridge District School Board. Acting Reasonably 27. All discretionary decisions by officials of the Municipality referred to in this MOU shall be deemed to be qualified by the words "acting reasonably". Registration of MOU on Title 28. The parties hereto other than the Municipality consent to the registration of this MOU or a Notice of it on the title to their respective lands. 38 Assumption of Obligations 29. (a) Each of the parties to this MOU other than the Municipality, covenant and agree with the Municipality that it shall be a general and indispensable condition of any sale, mortgage or charge or a lease for a term including entitlement to renew of 21 years or more either of the whole or any one or more portions of their respective lands or any assignment or sublease of such a leasable interest with an unexpired term including entitlement to renew of 21 years or more of the whole or any one or more portions of such lands, that each proposed transferee,mortgagee, chargee, lessee, assignee or sub-lessee, as the ease may be, has entered into an agreement with the Municipality prior to and conditional on the transaction in question taking place, assuming each of the relevant obligations and covenants ("Assumption Agreement") provided in this MOU to the extent applicable to the lands in respect of which such interest is being acquired, save and except those obligations and covenants that have been discharged by performance to the satisfaction of the Municipality or are included in a Subdivision Agreement made pursuant to section 51 of the Planning Act registered against the title to such lands which the Municipality's Solicitor, acting reasonably, considers to be enforceable against successors in title to party or (parties) in question pursuant to the provisions of the Planning Act. Where a mortgage, charge, lease, assignment of lease or sublease of a leasehold interest is given by way of security for financing then such mortgagee, chargee, lessee, assignee or sub-lessee, thereunder shall not be bound to assume such party's or parties' in question obligations and covenants unless and until such mortgagee, chargee, lessee, assignee or sub-lessee takes possession or control of the property pursuant to such security. Where any of the obligations and covenants of a party to this MOU other than the Municipality have been assumed unconditionally by a transferee, lessee, assignee or sub-lessee ("Assuming Party"), as the case may be, who has acquired the title to all or a portion of a party to this MOU and has entered into the aforesaid Assumption Agreement with the Municipality, then the party, an Assuming Party or an 39 Assuming Party's successor in title of that land, as the case may be, shall be deemed to be released from its obligations and covenants hereunder to the extent that such obligations and covenants have been so assumed. Similarly, if an Assuming Party or a successor in title of an Assuming Party proposes to enter into a transaction referred to in this paragraph, an Assumption Agreement is required to be made with the Municipality prior to and conditional on the transaction in question taking place. In the latter case, the provisions of this paragraph shall apply with all necessary changes being considered to have been made in order to give effect to the intent of the penultimate sentence of this paragraph 30(a). An Assumption Agreement shall not be required from the purchaser of any lot or block on a registered plan of subdivision or unit within a plan of condominium. For clarity, it is acknowledged that an Assumption Agreement in respect of the Town Centre Block shall only require the Assuming Parry to assume the obligations pursuant to paragraph 22(c) of this MOU. (b) Concurrent with the delivery of this MOU to a party or parties hereto to the Municipality, it or they shall deliver to the Municipality an application duly executed by such party or parties in registerable form and containing such terns as the Municipality's solicitor, acting reasonably, requires, made pursuant to section 118 of the Land Titles Act to restrict the transfer, charge or lease of their respective lands or any portion thereof without the prior written consent of the Municipality. A party or parties or an Assuming Party, as the case may be, shall request the consent of the Municipality by notice in writing given to the Municipality not later than three (3) weeks prior to the date specified in the notice of the proposed transfer, mortgage, charge, lease, assignment of lease or sublease of a leasehold interest. The written consent of the Municipality shall be granted and the Municipality shall notify the Land Registry Office of that fact prior to the date of the proposed transfer, mortgage, charge, lease, assignment of lease or sub- lease, as the case may be, provided that (i) the provisions of paragraph 30(a) are satisfied, and (ii) any necessary Assumption Agreement has been made by the 40 proposed transferee, mortgagee, chargee, lessee, assignee or sub-lessee, as the case may be. (c) Paragraphs 29(a) and (b) shall terminate with respect to the lands owned by a party or parties to the MOU on the earlier of (i) the registration on title of a subdivision agreement or site plan agreement securing the outstanding obligations of this MOU that relate to such lands: and (ii) development to implement the Infrastructure Plan for the entirety of such lands is completed. Forthwith after the registration of each such agreement or each such completion of development of a party's or parties' lands, the Municipality shall cooperate with such party or parties or an Assuming Party, as the case may be, in applying to expunge the Notice under section 118 of the Land Titles Act referred to in paragraph 19(b) from the title to the lands in question. Any necessary reference plan of survey or amendment thereto required to accomplish this end shall be prepared and deposited on title in the Land Registry Office at the cost of such party or parties or the Assuming Party, as the case may be. Authority of Municipality 30. The parties hereto acknowledge and agree that the Municipality has authority to enter into this MOU, that every provision hereof is authorized by the law and is fully enforceable by the parties, and that this MOU is executed by the Municipality in reliance on the acknowledgement and agreement of the parties. Status Statement 31. Within ten (10) days of receiving a written request from any one of Players, West Diamond or 1613881, the Municipality shall provide a written statement either confirming that the requesting party is in good standing and not in default of any provisions of this MOU, or setting out the manner and extent to which such requesting party is in default. 41 Expunaement of MOU From Title After Satisfaction 32. Without derogating from the provisions of paragraph 2 of this MOU, forthwith after the last of the provisions of this MOU to be satisfied has been satisfied, the Municipality will consent to and co-operate with the other parties hereto in expunging the MOU or the Notice(s) thereof and the Notice(s) under section 118 of the Land Titles Act from the title to the lands on which it or they have been registered. Upon the registration of a plan of subdivision or plan of condominium in respect of any portion of the Players and West Diamond Lands or the 1613881 Lands, provided that the PW Group is not in default in respect of any of the provisions of this MOU, the Municipality will consent to and co- operate with the PW Group in expunging the MOU or the Notice(s) thereof and the Notice(s) under section 118 of the Land Titles Act from the title to such registered lots or blocks, or the lands subject to such plan of condominium, on which it or they have been registered. Further Assurances 33. The parties hereby covenant and agree, after a request in writing by one party to the other parties, to forthwith execute and provide all further documents, instruments and assurances as may be necessary or required in order to carry out (and give effect to) the true intent of this MOU, and to effect the registration against and release from title to the lands subject to this MOU of such notices or other instruments in accordance with the provisions of this MOU. Enurement 34. This MOU shall enure to the benefit of and bind the parties hereto and their respective successors and assigns. 42 Cost of Preparing etc. MOU 35. The PW Group agrees to a payment towards the Municipality's legal fees incurred in preparation of the MOU in an amount to be agreed upon and acceptable to both parties. Time of Essence 36. Time shall in all respects be of the essence of this MOU. 43 IN WITNESS WHEREOF the parties hereto have hereunto have set their hands and seals the day and year first above written and the parties hereto have hereunto affixed their corporate seals by the hands of their proper officers duly authorized in that behalf SIGNED, SEALED AND ) THE CORPORATION Oi THE r � DELIVERED ) MUNICIPALITY OF 13 ARiNGT"QN In the presence of: m A et r P tti L. arne funicipal Clerk e the power to bind the Corporation. PLAYER BUSINESS PARK LTD. Name, Title: , iJCt!y�nU Name: Title: I/We have the power to bind the Corporation. ) WEST D MOND PROPERTIES INC. Nam : Title: Name: Title: I/We have the power to bind the Corporation. 1613881 O TARIOINC. Name- Title: Name: Title: I/We have the power to bind the Corporation. SCHEDULE "A" THIS SCHEDULE IS SCHEDULE "A" to the Memorandum of Understanding which has been authorized and approved by By-law No. 2009-157 of The Corporation of the Municipality of Clarington, enacted and passed the 23`d day of November, 2009. INFRASTRUCTURE PLAN ' SCHEDULE "A" 4" 11 _J n F —�-- IN RASTRUC TURE UR I •:, '; • ,----------- ----------- —--- PLAN iel )1_ji ' i II ti r BROOKHILL uwrwTM♦ve.rE I 1 C 1F, r V -- • •i 'a �I - S _ J II l r - --- -, i -,1 how m Dwaft OW 4 R"M.� 1 M"au"Dewy f0ep�."ual .," pammw J L 1 Public B w�r«w )w w w II 11 , - 7-1 0.�. w saws �a Y S II 1 (` � 4 ea.w"r WE S DIAMOND \ JL J �ntlirya " vvv J �LND r ( - , J \ y :.....f ..s I nVA w ..n SCHEDULE "B" THIS SCHEDULE IS SCHEDULE `B" to the Memorandum of Understanding which has been authorized and approved by By-law No. 2009-157 of The Corporation of the Municipality of Clarington, enacted and passed the 23`d day of November, 2009. SKETCH SHOWING PRINCE WILLIAM BOULEVARD EXTENSION PART 1 .rff�ii���rii��r�iiGGii�i�a�rr�i���iii�iwry�r•��•��GiwGiii��a'�iGi•ifi'i••��a•`� ffffffffHffffrfff ffHfrffrfHBfffHfHfff rfHf�+dflyyfHHfffi''f■■��.rrr�y f foHfffHffrfHHHfHH■Hf■frrffHf f f fffHffr-.�-_v.�ra::uru�rriHf�GiHH fff ffffHrrlfff ff■rffffrfff[7fRG5i���ffff ffffffffflpHffCSSiSSiiififfffffffffrr■ ffffff■fffffff/i�6Gifff ff/:iWfffff ffffffrffrff�5if0iuffrrffffrffffffffffffffff frf ffffffrfff�ll ifffffffffSxT 7il 45fffffffffffffffffffffffff fffffffflfrrffrfrrf PRINCE WILLIAM BLVD. HfHfrffHHUUrHO�r�_s���ssfrrrrHHHHH■HHHfffHfH■HHrHHrrfHff SCHEDULE "C" THIS SCHEDULE IS SCHEDULE "C" to the Memorandum of Understanding which has been authorized and approved by By-law No. 2009-157 of The Corporation of the Municipality of Clarington, enacted and passed the 23rd day of November, 2009. CLARINGTON BOULEVARD EXTENSION PART 1 WORKS COST ESTIMATE TOTAL: $1,580,000 as of November 23, 2009 SCHEDULE "D" THIS SCHEDULE IS SCHEDULE "D" to the Memorandum of Understanding which has been authorized and approved by By-law No. 2009-157 of The Corporation of the Municipality of Clarington, enacted and passed the 23 Id day of November, 2009. BROOKHILL BOULEVARD EXTENSION PART 1 WORKS COST ESTIMATE TOTAL: $790,000 as of November 23, 2009 SCHEDULE "E" THIS SCHEDULE IS SCHEDULE "E" to the Memorandum of Understanding which has been authorized and approved by By-law No. 2009-157 of The Corporation of the Municipality of Clarington, enacted and passed the 23`d day of November, 2009. LONGWORTH AVENUE EXTENSION EAST AND WEST WORKS COST ESTIMATE TOTAL: $1,990,000 as of November 23, 2009 Schedule "F" Page 1 SCHEDULE "F" CLARINGTON BOULEVARD EXTENSION PART 1 WORKS THIS SCHEDULE IS SCHEDULE "F" to the Memorandum of Understanding which has been authorized and approved by By-law No. 2009-157 of The Corporation of the Municipality of Clarington, enacted and passed the 23rd day of November, 2009. 1. WORKS REQUIRED (1) The PW Group ("Relevant Parties") at their expense shall construct, install, supervise and maintain the Clarington Boulevard Extension Part 1 Works including all connections, alterations, adjustments and transitions required to suit existing systems or lands in accordance with the Municipality's Design Criteria and Standard Drawings, and the Engineering Drawings, all to the approval of the Director of Engineering Services: (a) A storm sewer system for the removal of upstream storm water and storm water originating within the 1613881 Lands located easterly of the Brookhill Tributary Lands shown on the Infrastructure Plan which is considered necessary by the Municipality's Director of Engineering Services ("Relevant Lands"), including storm sewer mains and connections, manholes, service connections, catch-basins and storm outfalls and structures and any other appurtenances and oversizing as may be required (the "Storm Sewer System"). (b) A stormwater management system consistent with the "Master Drainage Plan", complete with overland flow routes, detention and retention facilities, quality control devices, outlets, erosion and sedimentation control measures and any other necessary facilities as required (the "Stormwater Management System"). Schedule "F" Page 2 (c) Necessary roadworks which shall include all urban roadwork components including sidewalks, curbs, granular material and asphalt pavement, and any necessary storm and sanitary sewer mains, watermains, connections, street lighting, street trees, utilities, including oversizing of works and any temporary or permanent works, transitions, tapers and connections, fencing, signage, topsoil and sodding and restoration, and any other related works deemed necessary by the Director of Engineering Services. Such works shall be consistent with the Clarington Boulevard Extension Part 1 Works Drawings referred to in Schedules "F" and "H", including any revisions as finally approved by and on file with the Director. (d) A street lighting system which provides illumination of the Clarington Boulevard Extension Part 1 including all connections, energy and maintenance costs, appurtenant apparatus and equipment, in the locations as approved by the Director of Engineering Services (the "Street Lighting System"). (e) Related Works including grading, landscaping, fencing and other miscellaneous Works shown on the Engineering Drawings and Grading and Drainage Plan (the "Related Works") approved by the Director of Engineering Services. STAGING OF THE WORKS The Clarington Boulevard Extension Part 1 Works shall be staged as approved by the Director of Engineering Services. Unless otherwise determined by the Director, the stages shall accommodate development of the 1613881 Lands on the west side as principal or secondary access thereto is required. Unless otherwise determined by the Director, each stage shall be divided into the following sub-stages: L(2) INITIAL WORKS Schedule "F" Page 3 Storm Sewer System including all appurtenances; initial roadworks including subgrade, subbase and base granular materials, subdrains, base curbs, base asphalt, traffic control and street name signs of the Road System; and grading (collectively called the "Initial Works"). L(3) STORMWATER MANAGEMENT SYSTEM 1.(4) STREET LIGHTING SYSTEM 1.(5) FINAL WORKS final roadworks including top curbs and gutters, surface asphalt, sidewalks, street trees, boulevard topsoil and sodding and driveway aprons of the Road System; and landscaping works, walkways and any remaining works not outlined in paragraphs 1.(2), L(3) and 1.(4) above. 1.(6) From the date of issuance of an "Authorization to Commence Works" (as hereafter defined) until the date of issuance of a "Certificate of Acceptance" (also as hereafter defined) of them the Relevant Parties shall be fully responsible for the construction and maintenance of the Clarington Boulevard Extension Part 1 Works including the cost thereof in accordance with the provisions of this MOU. After the issuance of a Certificate of Acceptance, the Works referred to in such Certificate shall be the responsibility of the Municipality. Schedule "F" Page 4 2. THE RELEVANT PARTIES' ENGINEER At all times until a Certificate of Acceptance of the Clarington Boulevard Extension Part I Works is issued, the Relevant Parties shall retain the Relevant Parties' Engineer who shall perform the duties set out in Schedule "H" to this MOU. On the execution of this MOU and on each occasion on which a new Relevant Parties' Engineer is retained, forthwith after retaining the Relevant Parties' Engineer, the Relevant Parties shall give the Director of Engineering Services written notice of the name, address and telefax number of the Relevant Parties' Engineer. No partnership, association of persons or corporation shall be retained as the Relevant Parties' En gineer without the prior written approval of the Director. All notices to be given to the Relevant Parties' Engineer are properly given if given by personal service, by telephonic facsimile communication, or first class prepaid post addressed to the Relevant Parties' Engineer at the address or telefax number provided to the Director pursuant to this paragraph. Forthwith after the Director gives the Relevant Parties written notice requiring it to do so, the Relevant Parties shall give the Director written notice advising him whether or not the approved the Relevant Parties' Engineer continues to be retained by the Relevant Parties. 3. DESIGN OF CLARINGTON BOULEVARD EXTENSION PART IWORKS (I) The Relevant Parties covenant and agree that the design of the Clarington Boulevard Extension Part 1 Works shall conform with all applicable legislation and the Municipality's Design Criteria and Standard Detail Drawings. In the event of any dispute as to such requirements or their interpretation, the dispute shall be resolved by the Director of Engineering Services whose decision shall be final. (2) The Relevant Parties shall provide and submit to the Director all necessary Engineering Drawings for the Clarington Boulevard Extension Part 1 Works. The Relevant Parties shall obtain all approvals for the construction and installation of the Clarington Boulevard Extension Part I Works as required by this MOU. Schedule "F" Page 5 4. ENGINEERING DRAWINGS (1) Prior to the issuance of any Authorization to Commence Works, the Relevant Parties shall obtain the written approval of the Director of Engineering Services of the original copy of all drawings of the Clarington Boulevard Extension Part I Works (the "Engineering Drawings"). If construction and installation of the Clarington Boulevard Extension Part 1 Works have 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 MOU, and thereafter all Clarington Boulevard Extension Part 1 Works shall be constructed and installed in accordance with them. The Relevant Parties hereby irrevocably assign to the Municipality without cost to the Municipality the right to use and to reproduce the Engineering Drawings and all reports that relate in whole or in part to the Clarington Boulevard Extension Part 1 Works which have been prepared by or for the Relevant Parties or any of them in connection with the performance of the Relevant Parties' obligations under this MOU. The Relevant Parties acknowledge that approval of the Engineering Drawings or reports by the Director shall not relieve the Relevant Parties from its obligation to satisfy all requirements of or made pursuant to this MOU. (2) Prior to the issuance of any Authorization to Commence Works, the Relevant Parties shall provide the Director of Engineering Services without cost to the Municipality the Relevant Parties' Engineer's (1) written acknowledgement that the Engineering Drawings may be used and/or reproduced by the Municipality without cost or prior approval or permission, (2) written permission for the Municipality's officers, employees, agents, contractors and supplier to use the specifications, data, drawings, records and reports whether completed or in Schedule °F" Page 6 progress of completion in satisfaction of the Relevant Parties' obligations under the provisions of this MOU without cost or prior approval or permission, and (3) written undertaking to deliver to the Director the original copy of the Engineering Drawings forthwith after being given written notice by the Director requiring the Relevant Parties' Engineer to do so, whether or not the Relevant Parties' Engineer's fees and disbursements in respect of any of them have been paid. Prior to each occasion on which a new the Relevant Parties' Engineer is retained by,the Relevant Parties or any of them and approval of the Director is sought, the Relevant Parties shall provide the Director with a similar written acknowledgement and written permission of the new the Relevant Parties' Engineer, provided that if the new the Relevant Parties' Engineer is to be retained by the Director on behalf of the Relevant Parties, the Director shall obtain from the prospective the Relevant Parties' Engineer the aforesaid written acknowledgement and permission. Forthwith after the Director gives the Relevant Parties' Engineer written notice requiring them or it to do so, copies of the Engineering Drawings, computer disks, specifications, data, drawings, records and reports referred to in this paragraph shall be provided to the Director without cost to the Municipality. 5. STAGING OF CONSTRUCTION OF WORKS Not used 6. APPROVAL OF SCHEDULE OF WORKS Prior to the issuance of any Authorization to Commence Works respecting any of the Clarington Boulevard Extension Part 1 Works, the Relevant Parties shall obtain the written approval of the Director of Engineering Services of a draft schedule (the "Schedule of Works") which sets out the time at which, and the sequence in which the Relevant Parties propose to construct and install the Clarington Boulevard Extension Part 1 Works. Schedule "F" Page 7 7. APPROVAL OF CLARINGTON BOULEVARD EXTENSION PART 1 WORKS COST ESTIMATE The Municipality acknowledges that the Director of Engineering Services has approved the "Clarington Boulevard Extension Part 1 Works Cost Estimate" contained in Schedule"C". By notice in writing to the Relevant Parties, the Director may from time to time require them to submit for his understanding and if appropriate, his approval a Revised Works Cost Estimate for the Clarington Boulevard Extension Part 1 Works. When approved by the Director the Revised Clarington Boulevard Extension Part I Works Cost Estimate is the Clarington Boulevard Extension Part 1 Works Cost Estimate for the purposes of this MOU. 8. REQUIREMENTS FOR AUTHORIZATION TO COMMENCE WORKS The Relevant Parties shall not commence the construction or installation of any of the Clarington Boulevard Extension Part 1 Works without the written permission of the Municipality (the "Authorization to Commence Works"). The Relevant Parties shall only commence the construction and installation of those Clarington Boulevard Extension Part 1 Works permitted by the Authorization to Commence Works. 9. INSPECTION AND STOP WORK The Relevant Parties shall ensure that every contract that may be made by the Relevant Parties with any contractor to construct or install any of the Clarington Boulevard Extension Part 1 Works shall provide that employees or representatives of the Municipality may, at any time, inspect the Clarington Boulevard Extension Part I Works undertaken by such contractor and shall require the contractor to comply with stop work orders given by the Director pursuant to this paragraph 9. The Director of Engineering Services may give the Relevant Parties a written order to stop the construction or installation of any of the Clarington Boulevard Extension Part 1 Works that is being undertaken by giving written notice either to the Relevant Parties or to the Relevant Parties' Engineer to that effect if in the Director's opinion either (1) the Clarington Schedule "I"' Page 8 Boulevard Extension Part 1 Works are not being undertaking such that a completed construction and installation of all the Clarington Boulevard Extension Part 1 Works satisfactory to the Municipality in accordance with this MOU will result, or (2) the Clarington Boulevard Extension Part 1 Performance Guarantee and the Security for the Clarington Boulevard Extension Part 1 Maintenance Guarantee required to be provided pursuant to this MOU in respect of the Clarington Boulevard Extension Part 1 Works have not been deposited or is not maintained in good standing. The Relevant Parties shall comply with the stop work order forthwith after it is given by the Director in accordance with this paragraph 9 by requiring the Relevant Parties' contractor and sub-contractors who are constructing and installing the Clarington Boulevard Extension Part I Works or components thereof in question and are referenced in the order to comply with it forthwith. A stop work order may be given to the Relevant Parties by giving to the Relevant Parties' Engineer by personal service on the Relevant Parties' Engineer or any representative of the Relevant Parties' Engineer, by prepaid first class post addressed to the Relevant Parties' Engineer, or by telefax to the Relevant Parties' Engineer at the address and telefax number referred to in paragraph 2 of this Schedule. 10. CONSTRUCTION IN ACCORDANCE WITH ENGINEERING DRAWINGS The Clarington Boulevard Extension Part 1 Works shall be constructed and installed in accordance with the Engineering Drawings as approved by the Director of Engineering Services. 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 Clarington Boulevard Extension Part 1 Works shall be undertaken and carried out by the Relevant Parties or by the Relevant Parties' contractor, as the case may be, in accordance with the regulations for construction set out in Schedule "I" to this MOU. Schedule "F° Page 9 11. SEQUENCE OF CONSTRUCTION OF WORKS Following the issuance of an Authorization to Commence Works, the Relevant Parties shall proceed in good faith to construct and install all of the Clarington Boulevard Extension Part I Works referred to in the Authorization to Commence Works continuously and in accordance with the timing and sequence therefore set out in the Schedule of Works. 12. COMPLETION TIME FOR CONSTRUCTION OF WORKS Within twelve (12) months of the date of the issuance of an Authorization to Commence Works, the Relevant Parties shall complete the construction and installation of the Clarington Boulevard Extension Part 1 Works authorized in such Authorization to Commence Works. 13. ADDITIONAL WORK Until the conclusion of the Maintenance Guarantee Period referable thereto, if in the opinion of the Director of Engineering Services, any incidental work is required to provide for the adequate operation, functioning and maintenance of any of the Clarington Boulevard Extension Part 1 Works, the Relevant Parties, at their cost, shall 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 Relevant Parties. 14. INCOMPLETE OR FAULTY WORKS AND LIENS (1) Without derogating from the other provisions of this MOU, if, in the opinion of the Director of Engineering Services, (1) the Relevant Parties are not constructing and installing or causing to be constructed or installed any of the Clarington Boulevard Extension Part 1 Works required by this MOU so that it or they will be completed within the time specified for such completion in the Schedule of Schedule "I"' Page 10 Works, or (2) the Clarington Boulevard Extension Part 1 Works or any component(s) thereof are being improperly constructed or installed, or (3) the Relevant Parties neglect or abandon the said Clarington Boulevard Extension Part 1 Works or any part of them before completion, or (4) unreasonable delay occurs in the construction or installation of the Clarington Boulevard Extension Part I Works, or (5) for any other reason the Clarington Boulevard Extension Part 1 Works are not being constructed or installed properly and promptly and in full compliance with the provisions of this MOU, or (6) the Relevant Parties neglects or refuses to reconstruct or reinstall any of the Clarington Boulevard Extension Part 1 Works or component(s) thereof which may be rejected by the Director of Engineering Services as being defective, deficient or unsuitable, or (7) the Relevant Parties otherwise default in performance of this MOU in respect of the Clarington Boulevard Extension Part 1 Works, the Director of Engineering Services may give the Relevant Parties notice in writing of his opinion respecting any such matter. Following the later to occur of the expiry of ten (10) business days, excluding Saturdays and Sundays and statutory holidays following the giving of such notice plus the expiry of any additional period as may be specified in the notice given to the Relevant Parties by the Director of Engineering Services, the Municipality, at the cost and expense of the Relevant Parties, may engage a contractor, supplier of services or materials and such workmen, and purchase such services, supplies and/or services as in the opinion of the Director are required for the completion of the construction and installation of the Clarington Boulevard Extension Part 1 Works and all components thereof and the performance of all covenants of the Relevant Parties relating to the Clarington Boulevard Extension Part 1 Works as provided by this MOU. In cases of emergency or urgency, or in order to preserve the integrity of the Clarington Boulevard Extension Part 1 Works or any component thereof as determined by the Director of Engineering Services in his absolute discretion, any deficiency(s) or defect(s) in the Clarington Boulevard Extension Part 1 Works, and any failure to complete the Clarington Boulevard Extension Part 1 Works and all components thereof in accordance with this MOU may be corrected, remedied or completed Schedule "F" Page 11 by the Municipality, its contractors, suppliers and employees at the cost of the Relevant Parties without prior notice to the Relevant Parties, provided that forthwith after the Municipality so acts, the Director of Engineering Services shall give written notice to the Relevant Parties of his determination as aforesaid, describing the action taken by the Director, and the cost of correcting or remedying the deficiency or default in question or the cost of completing the Clarington Boulevard Extension Part 1 Works and the components thereof, as the case may be. For the purposes of this paragraph 14(1) the cost of any work which the Municipality undertakes under this paragraph 14(1) shall be determined by the Director of Engineering Services in his absolute discretion. It is understood and agreed by the Parties that the costs for which the Relevant Parties are responsible under this paragraph 14(1) shall include a management fee payable to the Municipality either of thirty (30%) percent of the contractor's charges to the Municipality (including any charges for overhead and profit) or, if such work is undertaken by the Municipality, thirty (30%) percent of all costs incurred by the Municipality to correct or remedy the deficiencies or defect or to complete the Clarington Boulevard Extension Part 1 Works and all components thereof as the case may be. The Relevant Parties shall pay the Municipality an amount equal to the cost of all Clarington Boulevard Extension Part 1 Works and components thereof, and the cost of correcting or remedying all deficiencies and defects referred to in this paragraph 14(1) which have been incurred by the Municipality or are estimated in the aforesaid Director's absolute discretion to be likely to be incurred by the Municipality forthwith after the Director gives the Relevant Parties written demand for payment of such cost. If the amount paid is based on the Director's estimate as aforesaid, forthwith after actual costs are known the Director shall give the Relevant Parties written notice thereof. If the actual costs are more than the estimated costs, the Relevant Parties shall forthwith pay the Municipality an amount equal to the difference between them. If the actual costs are Tess than the estimated costs, the Municipality shall forthwith refund the difference between them to the Relevant Parties. Schedule "P" Page 12 (2) In the event (1) a claim for a lien in respect of the Clarington Boulevard Extension Part 1 Works or any component thereof is registered against the title to any land vested in or which should have been vested in the Municipality or is filed with the Municipality, or (2) the Municipality receives written notice of a claim of an alleged beneficiary of a statutory trust under the Construction Lien Act, such registration, filing or notice shall constitute a default in performance by the Relevant Parties of this MOU. In any such case, the Director of Engineering Services may notify the Relevant Parties in writing of such default. If the Relevant Parties fail to discharge the lien or the claim as the case may be within ten (10) business days, excluding Saturdays, Sundays and statutory holidays, after the giving of such notice plus any further period of time as may be specified in the notice, then the Municipality in its absolute discretion may (1) pay the full amount of the claim and security for costs into a court of competent jurisdiction in order to obtain an order vacating such claim for lien, (2) discharge the claim in full by paying the amount claimed or in part by paying a portion thereof, or (3) draw the full amount of the claim in cash from a letter of credit deposited with the Municipality as the Security for the Clarington Boulevard Extension Performance Guarantee and hold the cash in a deposit account of the Municipality as the Security for the Clarington Boulevard Extension Performance Guarantee in respect of the claim in question. The Municipality may draw on and appropriate the whole or any portion(s) of the Performance Guarantee and the Security for the Maintenance Guarantee for the purpose of making payment under this paragraph 14(2). The Relevant Parties shall indemnify the Municipality against the costs and expense incurred by the Municipality in making a payment pursuant to this paragraph 14(2) forthwith after the Director of Engineering Services gives the Relevant Parties written notice requiring him to do so. In the event that the Municipality draws on and appropriates any portion of the Clarington Boulevard Extension Part 1 Performance Guarantee or the Clarington Boulevard Extension Part I Maintenance Guarantee for any of the aforesaid purposes, forthwith after the Director gives written notice to the Relevant Parties requiring them to do so, the Relevant Parties shall reinstate the Clarington Boulevard Extension Part 1 Schedule "F" Page 13 Performance Guarantee and/or the Security for the Clarington Boulevard Extension Part 1 Works Maintenance Guarantee, as the case may be, to the full amount(s) required under the provisions of this MOU. 15. ACKNOWLEDGEMENT RESPECTING EMERGENCY, ETC. REPAIRS The Relevant Parties acknowledge that if in cases of emergency or urgency or in order to protect the integrity of the Clarington Boulevard Extension Part 1 Works or any component thereof, the Director of Engineering Services acts to correct, remedy or repair any deficiency(s) or defect(s) in the Clarington Boulevard Extension Part 1 Works, neither on entry on the Clarington Boulevard Extension Part 1 Works or any portion of them nor any such action by the Director or any person authorized to undertake the same by the Director shall be deemed to be an acceptance of any of the Clarington Boulevard Extension Part 1 Works by the Municipality, nor an assumption by the Municipality of any responsibility or liability in connection therewith, or a release by the Municipality of the Relevant Parties from any of its obligations under this MOU. 16. DAMAGE TO EXISTING SERVICES Forthwith after written demand therefore is given by the Director of Engineering Services to the Relevant Parties, the Relevant Parties shall pay to or to the direction of the Municipality, the cost of repairing any damage to any property or services of the Municipality, the Region, Hydro One or any utility authority or company or (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 construction or installation of any of the Clarington Boulevard Extension Part 1 Works, provided that all such repairs and or relocation(s) are completed to the satisfaction of the Director, the Region and Hydro One or the relevant utility authority or company which owns or is responsible for the Clarington Boulevard Extension Part I Works, property or services in question. Schedule "F" Page 14 17. USE OF CLARINGTON BOULEVARD EXTENSION PART 1 WORKS BY MUNICIPALITY The Municipality and the Relevant Parties acknowledge and agree that any of the Clarington Boulevard Extension Part 1 Works once constructed may be used by the Municipality and such other person(s) who is (are) authorized by the Municipality for any of the purposes for which the Clarington Boulevard Extension Part 1 Works are designed, without interference by the Relevant Parties, and without the payment of any fee or compensation to the Relevant Parties, and for such purposes the Municipality and other person(s) authorized by the Municipality may enter upon the portion of the Relevant Parties lands on which any of the Clarington Boulevard Extension Part 1 Works are located. The parties hereto also acknowledge and agree that the Clarington Boulevard Extension Part 1 Works may be used by the Relevant Parties for construction access to any portion of their respective lands. 18. REQUIREMENTS FOR CERTIFICATE OF COMPLETION The Relevant Parties acknowledge and agree that the construction and installation of any of the Clarington Boulevard Extension Part 1 Works authorized in an Authorization to Commence Works shall not be deemed to be completed for the purposes of this MOU until the Director of Engineering Services has provided the Relevant Parties with written certificate that such is the case (the "Certificate of Completion"). In addition to satisfying the other requirements of this MOU respecting its issuance, a Certificate of Completion shall not be issued until such of the Clarington Boulevard Extension Part 1 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 Clarington Boulevard Extension Part 1 Works have been constructed and installed in accordance with the Engineering Drawings and have received all certificates and confirmations from the Relevant Parties' Engineer as provided for in this MOU. Schedule "F" Page 15 19. REQUIREMENTS FOR CERTIFICATE OF ACCEPTANCE The Relevant Parties acknowledge and agree that the none of the Clarington Boulevard Extension Part 1 Works covered by a Certificate of Completion shall be accepted, nor deemed to be accepted for the purpose of this MOU until the Director of Engineering Services has provided the Relevant Parties with written certification that the Clarington Boulevard Extension Part 1 Works in question have been accepted (the "Certificate of Acceptance"). If the Director is of the opinion that the Clarington Boulevard Extension Part 1 Works in question have been properly maintained and all deficiencies and defects in such Clarington Boulevard Extension Part 1 Works have been remedied and corrected by the Relevant Parties on behalf of the Municipality, the Director shall provide the Relevant Parties with a Certificate of Acceptance of the relevant Clarington Boulevard Extension Part 1 Works. 20_ OWNERSHIP OF CLARINGTON BOULEVARD EXTENSION WORKS BY MUNICIPALITY For greater certainty, the Relevant Parties acknowledge and agree that the Municipality is the owner of all of the Clarington Boulevard Extension Part I Works covered by a Certificate of Acceptance. The Relevant Parties shall have no right or claim thereto, other than as specifically agreed to between the Relevant Parties and the Municipality in writing. 21. PROPERTY DAMAGE GUARANTEE Prior to the issuance of an Authorization to Commence Works by the Director of Engineering Services for the construction and installation of the Clarington Boulevard Extension Part 1 Works, the Relevant Parties shall deposit Five Thousand ($5,000.00) Dollars with the Municipality which may be drawn upon by the Municipality to indemnify itself against any cost that the Municipality incurs in repairing damage caused by the Relevant Parties to any property of the Municipality in constructing and installing Schedule "I"' Page 16 any of the Clarington Boulevard Extension Part 1 Works. The deposit or so much of it as is not drawn upon for the aforesaid purpose shall be repaid by the Municipality to the Relevant Parties without interest when the Security for the Maintenance Guarantee of the Clarington Boulevard Extension Part 1 Works is repaid by the Municipality to the Relevant Parties. Schedule"G " Page 1 SCHEDULE "G" CLARINGTON BOULEVARD EXTENSION PART 1 WORKS PERFORMANCE GUARANTEE THIS SCHEDULE IS SCHEDULE "G" to the Memorandum of Understanding which has been authorized and approved by By-law No. 2009-157 of The Corporation of the Municipality of Clarington, enacted and passed the 23`d day of November, 2009. 1. CLARINGTON BOULEVARD EXTENSION PART 1 WORKS PERFORMANCE GUARANTEE REQUIRED (a) The Relevant Parties shall deposit with the Municipality, cash or an irrevocable and unconditional letter of credit issued by a bank listed in Schedule "I" or "IP' of the Bank Act, acceptable to the Director of Finance/Treasurer, and in a form and containing terms and conditions satisfactory to the Director of Finance/Treasurer ("Clarington Boulevard Extension Part I Works Performance Guarantee") in accordance with the requirement of the MOU. The Clarington Boulevard Extension Part 1 Works Performance Guarantee shall be in the amount determined by the Director of Engineering Services to be the amount required to secure to the Municipality the performance by the Relevant Parties of their covenants contained in this MOU to construct and install the Clarington Boulevard Extension Part 1 Works. (b) Without limiting the generality of the foregoing, in making his determination, the Director of Engineering Services shall have regard for the "Clarington Boulevard Extension Part 1 Works Cost Estimate" or the "Revised Clarington Boulevard Extension Part 1 Works Cost Estimate" (both terms are hereafter defined) whichever is applicable, for the construction and installation of the Clarington Boulevard Extension Part 1 Works for which either an application has been made by the Relevant Schedule "G " Page 2 Parties to the Director of Engineering Services for the issuance of an Authorization to Commence Works or an Authorization to Commence Works has been issued by the Director. (c) If from time to time following the issuance of any Authorization to Commence Works the aforesaid Director is of the opinion that the amount of the Clarington Boulevard Extension Part 1 Works Performance Guarantee should be increased in order to protect the Municipality's interests under this MOU, the Director shall consider and, acting reasonably, approve a Clarington Boulevard Extension Part 1 Revised Works Cost Estimate which on his approval shall be deemed to be the Clarington Boulevard Extension Part 1 Works Cost Estimate for the purposes of this MOU. Forthwith after the Director approves a Clarington Boulevard Extension Revised Works Cost Estimate, he shall give to the Relevant Parties written notice of his decision and a copy of the Clarington Boulevard Extension Part I Revised Works Cost Estimate. (d) In the event that the Relevant Parties do not increase the amount of the Clarington Boulevard Extension Part 1 Works Performance Guarantee for a period of thirty (30) days following the giving of written notice by the Director to the Relevant Parties requiring an increase in the amount of the Clarington Boulevard Extension Part 1 Works Performance Guarantee, any Authorization to Commence Work that has been issued shall terminate. 2. USE OF CLARINGTON BOULEVARD EXTENSION PART 1 WORKS PERFORMANCE GUARANTEE (a) From time to time the Municipality may appropriate the whole or any one or more portions of the Clarington Boulevard Extension Part I Works Performance Guarantee up to an amount(s) determined by the Director of Schedule "G " Page 3 Engineering Services, which in aggregate shall not exceed the amount(s) which in the opinion of the Director is required to remedy the Relevant Parties' breach(es) or default(s) of or under the provisions of this MOU. Forthwith after making each such appropriation, the Director shall give the Relevant Parties written notice thereof and the Relevant Parties shall forthwith reinstate the Clarington Boulevard Extension Part 1 Works Performance Guarantee to the full amount required by this MOU. (b) If the whole or any portion of the Clarington Boulevard Extension Part 1 Works Performance Guarantee is appropriated by the Municipality as aforesaid and is not fully expended by the Municipality, the Relevant Parties agree with the Municipality that the Relevant Parties will not require the Municipality to pay interest on any portion of it for the period in which it is held by the Municipality and deposited by the Municipality in an interest bearing account in the name of the Municipality, in the event that an amount equal to the appropriated amount or any part of it is paid by the Municipality either to the Relevant Parties, to the bank which issued the letter of credit for deposit as the Clarington Boulevard Extension Part 1 Works Performance Guarantee, as directed by the Relevant Parties or the bank, as the case may be. 3. INDEMNIFICATION OF MUNICIPALITY The Relevant Parties shall defend, indemnify and save the Municipality 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 design, construction and installation, supervision of construction and installation, inspection, and/or maintenance of the Clarington Boulevard Extension Part 1 Works by the Relevant Parties, its employees, contractors, suppliers of services or materials, the Relevant Parties' Engineer, the Relevant Parties' Engineer's employees, and the Relevant Parties' licensees. Schedule "G " Page 4 4. INSURANCE The Relevant Parties shall obtain and maintain insurance and deposit the proof thereof as required by and in accordance with Schedule "J" of this MOU. 5. MAINTENANCE GUARANTEE REQUIRED (1) From the date of issuance of an Authorization to Commence the Clarington Boulevard Extension Part I Works until the date of issuance of a Certificate of Acceptance of the Clarington Boulevard Extension Part 1 Works or particular component(s) of the Clarington Boulevard Extension Part 1 Works, the Relevant Parties agrees with the Municipality to promptly correct, remedy, repair or replace any portion or component of the Clarington Boulevard Extension Part 1 Works in question that the Director of Engineering Services determines to be defective or deficient having regard to the provisions of this MOU at the Relevant Parties' cost (the "Clarington Boulevard Extension Part 1 Maintenance Guarantee"). The amount of the required Clarington Boulevard Extension Part 1 Maintenance Guarantee shall be determined in accordance with paragraph 7(a) of this Schedule. The Relevant Parties shall be given written notice of any such deficiency or defect by the Director forthwith after he identifies the same. The Relevant Parties shall deposit or leave on deposit with the Municipality, cash or an irrevocable and unconditional letter of credit by a bank listed in Schedule I or II of the Bank Act acceptable to the Municipality's Director of Finance/Treasurer and containing terms satisfactory to the Municipality's Director of Finance/Treasurer, as security for the Clarington Boulevard Extension Part 1 Maintenance Guarantee (the "Security for the Maintenance Guarantee"). (2) The Clarington Boulevard Extension Part 1 Maintenance Guarantee expires on the later to occur of (1) the date of issuance of the Certificate of Acceptance of the Clarington Boulevard Extension Part 1 Works, and (2) the day which is two (2) Schedule "G " Page years following the date of the issuance of the Certificate of Completion of the Clarington Boulevard Extension Part 1 Works. 6. USE OF MAINTENANCE GUARANTEE From time to time, the Municipality may appropriate the whole or any part of the Security for the Maintenance Guarantee if the Relevant Parties fail to pay any cost(s) payable by the Relevant Parties to the Municipality under this MOU. The amount(s) of such appropriation shall not exceed the amount(s) which in the opinion of the Director are required to remedy the Relevant Parties' breach(es) or default(s) as determined by the Director of Engineering Services of correcting or remedying a deficiency(s) or defect(s) in the Clarington Boulevard Extension Part 1 Works or a portion or component thereof, which is covered by the Clarington Boulevard Extension Part 1 Maintenance Guarantee and is in question. Forthwith after the Municipality makes any such appropriation, the Director of Engineering Services shall 'give the Relevant Parties written notice thereof. Forthwith, after the giving of such notices, the Relevant Parties shall restore the Security for the Maintenance Guarantee to the full amount required by this MOU. 7. REDUCTION AND RELEASE OF CLARINGTON BOULEVARD EXTENSION PART 1 WORKS PERFORMANCE GUARANTEE (a) Subject to the other provisions of the MOU, respecting the Brookhill Boulevard Part 1 Works Performance Guarantee, prior to the release of the Clarington Boulevard Extension Part 1 Works Performance Guarantee in the discretion of the Director of Engineering Services, the amount of the Clarington Boulevard Extension Part 1 Works Performance Guarantee may be reduced, from time to time, to reflect the progress of completion of the Clarington Boulevard Extension Part 1 Works and other facilities and improvements which are required to be constructed and installed by the Relevant Parties after taking into account any outstanding claims the satisfaction of which is provided for in this MOU. The maximum reduction that may be permitted to be made by the Director is such that Schedule "G " Page 6 will leave on deposit with the Municipality as the Clarington Boulevard Extension Part 1 Works Performance Guarantee is the amount equal to the sum of(1) the value of the uncompleted Clarington Boulevard Extension Part 1 Works as determined by the Director having regard for the Clarington Boulevard Extension Part 1 Works Cost Estimate then in force plus any amount determined by the Director but not to exceed twenty (20%) percent of such value as a completion allowance payable to the Municipality, and (2) as the Clarington Boulevard Extension Part I Maintenance Guarantee fifteen (15%) percent of the value of the completed Clarington Boulevard Extension Part 1 Works, also determined by the Director after considering the material, if any, submitted to the Director by the Relevant Parties' Engineer in support of an application for reduction of the Clarington Boulevard Extension Part 1 Works Performance Guarantee in respect of the Clarington Boulevard Extension Part 1 Works that have been completed by the Relevant Parties as well as the contract documents, sub-contracts and supply contracts pertaining to the Clarington Boulevard Extension Part 1 Works and the provisions of the Construction Lien Act. (b) The Relevant Parties will not require the Municipality to release to the Relevant Parties any unused portion of the Clarington Boulevard Extension Part 1 Works Performance Guarantee until each of the following conditions is satisfied: (i) A Certificate of Completion has been issued for the Clarington Boulevard Extension Part 1 Works for which the Clarington Boulevard Extension Part 1 Works Performance Guarantee was initially required to be deposited with the Municipality. (ii) The Relevant Parties have deposited or have left on deposit with the Municipality the Security for the Clarington Boulevard Schedule "G " Page 7 Extension Part 1 Works Maintenance Guarantee applying to the Clarington Boulevard Extension Part 1 Works for which the Clarington Boulevard Extension Part 1 Works Performance Guarantee initially was required to be deposited with the Municipality. (iii) The Director is satisfied that in respect of the construction and installation of the Clarington Boulevard Extension Part 1 Works for which such Clarington Boulevard Extension Part 1 Works Performance Guarantee was initially required to be deposited with the Municipality, there are no outstanding claims relating to the Clarington Boulevard Extension Part 1 Works. (iv) The Municipality is satisfied that there are no outstanding claims relating to the Clarington Boulevard Extension Part 1 Works which the Municipality is required or may be permitted to pay either under the provisions of the Construction Lien Act or otherwise. (v) The Municipality is satisfied that the Relevant Parties are not in breach of any of their covenants contained in this MOU respecting the Clarington Boulevard Extension Part 1 Works, 8. REDUCTION AND RELEASE OF MAINTENANCE GUARANTEE The Relevant Parties will not require the Municipality to-release to the Relevant Parties the Security for the Maintenance Guarantee until each of the following conditions is satisfied: (a) A Certificate of Acceptance has been issued for the Clarington Boulevard Extension Part 1 Works for which such Maintenance Guarantee is required under this MOU. Schedule "G" Page 8 (b) The Municipality is satisfied that there are not outstanding claims relating to such Clarington Boulevard Extension Part 1 Works which the Municipality is required or may be permitted to pay either under the provisions of the Construction Lien Act or otherwise. (c) The Municipality is satisfied that the Relevant Parties are not in breach of any of the covenants contained in this MOU respecting the Clarington Boulevard Extension Part 1 Works. (d) The Director has received the as-constructed drawings for such Clarington Boulevard Extension Part 1 Works from the Relevant Parties as well as the computer disks, if any, have been prepared by the Relevant Parties' Engineer. 9. UNPAID MONIES Except as otherwise provided in this MOU, the due date of any money payable under it, unless a different due date is specified in this MOU, shall be thirty (30) days after the date of the giving of the written invoice to the Relevant Parties. Interest shall be calculated and be paid by the Relevant Parties to the Municipality on all sums of money of which the Relevant Parties are in default at the same rate, and in the same manner, and at the same time as is the case with Municipality taxes which are in arrears at the date on which the default in question commences. Schedule "H" Page I SCHEDULE "H" DUTIES OF THE RELEVANT PARTIES'S ENGINEER THIS SCHEDULE IS SCHEDULE "H" to the Memorandum of Understanding which has been authorized and approved by By-law No. 2009-157 of The Corporation of the Municipality of Clarington, enacted and passed the 23`d day of November, 2009. 1. RESPONSIBILITY FOR DESIGN ETC. In addition to the other requirements of this MOU, the Relevant Parties' Engineer shall prepare all drawings, plans, studies, reports, estimates, calculations and documentation for the consideration and approval of the Director of Engineering Services. The approval of the Director shall not absolve or release the Relevant Parties or the Relevant Parties' Engineer of the responsibility and liability for any errors or omissions in the above drawings, plans, reports, stages or documentation or from liability for any damage or loss caused or resulting directly or indirectly by the Relevant Parties' Engineer. 2. REPRESENT THE RELEVANT PARTIES AND OBTAIN MUNICIPALITY APPROVALS The Relevant Parties' Engineer is hereby authorized by the Relevant Parties to act as the Relevant Parties' representative in all matters pertaining to the design, construction and installation of the Clarington Boulevard Extension Part 1 Works and the overall management of the development, and shall co-operate with the Municipality and the Director of Engineering Services to protect the interests of the Municipality and the general public in all matters relating to the design, construction and installation of the Clarington Boulevard Extension Part 1 Works. Schedule "H" Page 2 3. PROVIDE RESIDENT SUPERVISION The Relevant Parties' Engineer shall provide fully qualified, experienced supervisory layout and inspection staff, acceptable to the Director of Engineering Services, to provide continuous inspection service during all phases of the construction and installation of the Clarington Boulevard Extension Part 1 Works. Without limiting the generality of the foregoing, the Relevant Parties' Engineer shall be responsible for the following: (a) To carry out or arrange for the carrying out by qualified personnel of field layout including the provision of line and grade to the contractors and, where required, restaking. (b) To thoroughly inspect the construction, installation, and supply of materials to ensure that all work is being performed in accordance with the Clarington Boulevard Extension Part 1 Works Engineering Drawings, the Municipality's Design Criteria and Standard Drawings, and applicable plans of survey, as the case may be, and all applicable law. The Relevant Parties' Engineer shall have the authority and responsibility to immediately stop and/or reject any work, procedure, or material which in his opinion does not comply with the Engineering Drawings, the Municipality's Design Criteria and Standard Drawings, the applicable plans of survey and/or the applicable law. (c) To provide co-ordination and scheduling of the construction and installation of the Clarington Boulevard Extension Part 1 Works in accordance with the timing provisions contained in this MOU and the requirements of the Director. Schedule "H" Page 3 (d) To investigate and immediately report to the Director of Engineering Services any unusual circumstances, potential problems, conflicts, errors, defective work or material which may arise during the construction and installation of the Clarington Boulevard Extension Part 1 Works. (e) To obtain field information during and upon completion of the construction and installation of the Clarington Boulevard Extension Part 1 Works required to modify the Engineering Drawings to produce the as- constructed drawings of the Clarington Boulevard Extension Part 1 Works. 4. MAINTAIN RECORDS The Relevant Parties' Engineer shall maintain all records, data, reports, approvals and orders pertaining to the construction and installation including all contract documents, sub-contracts and supply contracts, payment certificates, payment records and receipts, certificates of substantial performance, the names and addresses of all contractors, sub-contractors and suppliers of materials and services, certificates of completion of sub-contracts and proof of service and publication thereof in accordance with the provisions of applicable legislation and make all of the foregoing available for examination by the Director of Engineering Services as required by the Director without cost. If any change is made in the terms of a contract, sub-contract or supply contract or in the name or address of a contractor, sub-contractor and supplier from information that may not have been provided to the Director by the Relevant Parties or the Relevant Parties' Engineer pursuant to this MOU, the Relevant Parties' Engineer immediately after becoming apprised of each change shall give the Director written notice of it. 5. PROVIDE PROGRESS REPORTS Schedule "H" Page 4 The Relevant Parties' Engineer shall provide the Director of Engineering Services with reports on the progress of the construction and installation of the Clarington Boulevard Extension Part 1 Works on a monthly basis, or at such other interval as approved by the Director. 6. PREPARE AS-CONSTRUCTED DRAWINGS The Relevant Parties' Engineer shall prepare and submit the as-constructed drawings of the Clarington Boulevard Extension Part 1 Works together with the computer disks, if any have been prepared, to the Director of Engineering Services provided that the as-constructed drawings shall be prepared to the satisfaction of the Director. Schedule "I" Page 1 SCHEDULE "I" THIS SCHEDULE IS SCHEDULE "I" to the Memorandum of Understanding which has been authorized and approved by By-law No. 2009-157 of The Corporation of the Municipality of Clarington, enacted and passed the 23`d day of November, 2009. INSURANCE REOUHtED 1. TYPES OF COVERAGE REQUIRED The Relevant Parties shall obtain and maintain insurance of the character commonly referred to as public liability and property damage with an insurance company approved by the Director of Finance/Treasurer and licensed in Ontario to underwrite such insurance and containing terms and conditions which are acceptable to the Municipality's Director of Finance/Treasurer. Such policy or policies of insurance shall indemnify the Municipality against all damage or claims for damage for: (a) Any loss or damage that shall or may happen to any of the Clarington Boulevard Extension Part 1 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 Clarington Boulevard Extension Part 1 Works or any part or parts thereof respectively; (c) Any injury to any person or persons including workmen employed on the Relevant Parties' lands (unless covered by Workers Safety & Insurance Board) and the public; (d) Any loss or damage that shall or may result from the drainage of surface water on or from the Clarington Boulevard Extension Part 1; (e) Any loss or damage that shall or may result from the disposal of effluent from any sewage disposal works; and Schedule "P' Page 2 (f) Any loss or damage that shall or may happen to any public road or to any other property of the Municipality or to the property of any other person either directly or indirectly by reason of the Relevant Parties undertaking any or all of the Clarington Boulevard Extension Part 1 Works. 2. AMOUNTS OF COVERAGE REQUIRED Policy or policies of insurance shall be issued jointly in the names of the Relevant Parties and the Municipality and shall provide the following minimum coverages for five million ($5,000,000) 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 Municipality shall not be construed to relieve the Relevant Parties from responsibility for other or larger claims for which it may be held responsible. 3. TERM OF INSURANCE The term of the required insurance shall commence no later than the day on which the first Authorization to Commence Works is issued and shall terminate no earlier than the last day on which all Certificates of Acceptance have been issued for the Clarington Boulevard Extension Part I Works contemplated by this MOU. Schedule "J" Page 1 SCHEDULE "J" REGULATIONS FOR CONSTRUCTION THIS SCHEDULE IS SCHEDULE "J" to the Memorandum of Understanding which has been authorized and approved by By-law No. 2009-157 of The Corporation of the Municipality of Clarington, enacted and passed the 23rd day of November, 2009. 1. RESPONSIBILITY FOR DESIGN All work pursuant to and associated with this MOU shall be carried out in strict conformity with all approved Engineering Drawings, the Municipality's Design Criteria, Standard Drawings and Specifications or any revisions thereof and all applicable legislation, in addition to any requirements set out in this MOU. 2. SAFETY The Relevant Parties shall ensure that all construction pursuant to and associated with this MOU is carried out in conformance with the Occupational Health and Safety Act, and other applicable legislation. 3. PERMITS AND APPROVALS The Relevant Parties shall ensure that any and all permits and approvals required to install or construct or prepare to install or construct any of the Clarington Boulevard Extension Works pursuant to or associated with any part of this MOU have in fact obtained and are valid and in good standing. 4. REQUIREMENTS FOR BLASTING Not Used. Schedule "I" Page 2 5. REMOVAL OF TOPSOIL Not Used. 6. DUMPING OF FILL OR DEBRIS Not Used. 7. DISPOSAL OF CONSTRUCTION GARBAGE The Relevant Parties shall remove and dispose of all construction garbage and debris from the Relevant Parties Lands in an orderly and sanitary fashion in a dump site off the Relevant Parties Lands and approved by the Director of Engineering Services. The Municipality shall not be responsible for the removal or disposal of garbage and debris. Without derogating from the foregoing provisions of this paragraph, if the Relevant Parties fails to remove construction garbage or debris from the Property for a period of three (3) consecutive days following the giving of written notice by the Director to the Relevant Parties requiring it to do so, the Director may cause the construction garbage or debris to be removed to and disposed of in the aforesaid dumping site at the expense of the Relevant Parties. Forthwith after the Director gives written notice to the Relevant Parties requiring them to pay for the costs incurred in removing and disposing of the construction garbage or debris, the Relevant Parties shall pay the Municipality the amount of money for it is invoiced. 8. QUALITATIVE AND QUANTITATIVE TESTS Not used. 9. WEED AND RAT CONTROL Schedule "J" Page 3 After the commencement of construction the Relevant Parties shall institute upon the Relevant Parties' Lands a program of weed and rat control to the satisfaction of the Director. i a SCHEDULE "10 THIS SCHEDULE IS SCHEDULE "K" to the Memorandum of Understanding which has been authorized and approved by By-law No. 2009-157 of The Corporation of the Municipality of Clarington, enacted and passed the 23`d day of November, 2009. PRINCE WILLIAM BOULEVARD EXTENSION WORKS COST ESTIMATE TOTAL: $460,000 as of November 23, 2009 I Schedule "L" Page 1 SCHEDULE "L" TRIBUTARY LANDS TO BE TRANSFERRED THIS SCHEDULE IS SCHEDULE "L" to the Memorandum of Understanding which has been authorized and approved by By-law No. 2009-157 of The Corporation of the Municipality of Clarington, enacted and passed the 23`d day of November, 2009. 1. The transaction shall be completed by way of transfer by 1613881 to the Municipality of the Tributary Lands To Be Transferred free and clear of encumbrances and restrictions except as provided below on or prior to the day which is sixty (60) business days (excluding Saturdays, Sundays and public holidays) following the Option Exercise Date ("Completion Date"). The Completion Date may be fixed for an earlier or a later date by written agreement of the solicitor for the Vendor and the solicitor for the Purchaser. 2. Taxes and rent shall be apportioned between the Vendor and Purchaser and allowed to the Completion Date as same may be extended pursuant to paragraph 1 of this Schedule "L". 3. The Municipality shall be permitted until the Completion Date, as same may be extended pursuant to the terms of this Schedule, to search title to the Tributary Lands To Be Transferred. Title to the Tributary Lands To Be Transferred shall be free and clear of all restrictions, charges, liens and encumbrances save and except for: (a) any registered municipal agreements and registered agreements with publicly regulated utilities, providing such have been complied with or security has been posted to ensure compliance and completion, as evidenced by a letter from the relevant municipality or regulated utility; i Schedule "L" Page 2 (b) any minor easement for the supply of domestic utility or telephone services to any part of the Property (as defined in the Option Agreement) or adjacent property; (c) liens for taxes, rates, assessments or governmental or public utility charges or levies not yet due and payable; (d) any reservations, limitations, provisos and conditions expressed in the original grain from the Crown, as same may be varied by statute; (e) the limitations, qualifications and reservations set out in Section 44 of the Land Titles Act (Ontario) (the "LTA"), save and except paragraph (1)6 (construction liens), paragraph (1)11 (subdivision control), paragraph (1)14 (dower rights), provincial succession duties and escheats or forfeiture to the Crown, and Subsection 44(6); (f) the rights of any person who would as at November 23, 2009, but for the provisions of the LTA, be entitled to land or any part of it through length of adverse possession, prescription, misdescription or boundaries settled by convention; 4. If, within the time provided, any valid objection to title is made in writing to the Vendor or its solicitor which the Vendor is unable to remove, remedy or satisfy by the Completion Date and which the Municipality will not waive, then the Municipality, at its option, from time to time, may extend the Completion Date, by giving notice in writing to the Vendor or its solicitor setting forth such extended Completion Date. Until the extended Completion Date, the Vendor shall seek to resolve or satisfy all such objections to title in good faith and diligently. Save as to any valid objection so made and, except for any objection going to the root of title, the Municipality shall be conclusively deemed to have accepted the Vendor's title to the Tributary Lands To Be "Transferred. a Schedule "L" ` Page 3 5. The Purchase Agreement shall be binding on the Purchaser and the Vendor and their respective administrators, assigns and successors. It shall enure to the benefit of the Purchaser, its administrators, assigns and successors. 6. On the Completion Date, the Purchaser shall be paid the amount, if any which shall be necessary for the Purchaser to pay to the Receiver General for Canada in order to satisfy the Purchaser's liability in respect of tax payable by the Vendor under the non-residency provisions of the Income Tax Act by reasons of the exercise of the Option. The Purchaser shall not claim such credit if the Vendor delivers, on the Completion Date, the prescribed Certificate or a Statutory Declaration that it is not then a non-resident of Canada. The Vendor shall also deliver on the Completion Date to the Purchaser evidence of compliance of the transaction with the Family Law Act, as amended or replaced from time to time. 7. The Transfer/Deed, save for the Land Transfer Tax Affidavit, shall be prepared in registrable form at the expense of the Vendor. 8. Time shall, in all respects, be of the essence of the Purchase Agreement, provided that the time for doing or completing any matter provided for herein may be extended or abridged by an agreement in writing signed by the Purchaser and the Vendor or by their respective solicitors who are expressly appointed in this regard. 9. The Tributary Lands To Be Transferred shall be and remain until completion of the Purchase Agreement at the risk of the Vendor. 10. The Purchase Agreement shall be governed by the laws of the Province of Ontario.