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HomeMy WebLinkAbout18 110 Bruce Power MCR (Gary Street) Development Agreement By-lawTHE CORPORATION OF THE MUNICIPALITY OF KINCARDINE KBT E ����ILITY OF KINCR� IININIMM NO. 2018 - 110 BEING A BY-LAW TO AUTHORIZE THE SIGNING OF A DEVELOPMENT AGREEMENT BETWEEN BRUCE POWER L.P. AND THE CORPORATION OF THE MUNICIPALITY OF KINCARDINE WHEREAS pursuant to a development agreement dated the 6th day of September, 2017 (the "Original Development Agreement") between the Municipality and Ontario Peninsula Farms Ltd. ("OPF"), OPF, as owner of the lands knowns as PART LOT 16, CONCESSION A KINCARDINE, PARTS 1, 2, 3, • & 4 3R10042; MUNICIPALITY OF KINCARDINE; being all of PIN 33303-0869(LT) (the "Lands"), did agree to undertake the obligations of the "Developer" in respect of the Lands, all as more particularly described in the Original Development Agreement; AND WHEREAS pursuant to a Transfer registered on November 24, 2017, OPF transferred the Lands to Bruce Power L.P.; WHEREAS the Council of the Corporation of the Municipality of Kincardine deems it advisable to enter into a development agreement with Bruce Power L.P., being the owner of the Lands to, inter alia, replace the Original Development Agreement with the provisions of this Agreement; AND WHEREAS the Planning Act, R.S.O. 1990, c.P. 13, as amended authorizes municipalities to enter into development agreements with landowners for development of land; AND WHEREAS a Zoning By -Law Amendment for the said lands was approved by the Council of the Corporation of the Municipality of Kincardine and came into • force and effect on September 6, 2017; NOW THEREFORE the Council of The Corporation of the Municipality of Kincardine ENACTS as follows: • That the Municipality of Kincardine with Bruce Power Inc., by its general attached hereto as Schedule "A". enter into a development agreement partner Bruce Power Inc., in the form 2. That the Mayor and Chief Administrative Officer be hereby authorized and directed to execute, aforesaid development agreement as well as any other documentation, including any Acknowledgement and Direction required and relating to the said development agreement. 3. That By-law No. 2017-119 of the Municipality of Kincardine is hereby repealed. 4. This By-law takes effect from the date of passage by Council and comes into force and effect pursuant to the provisions of the Planning Act, 1990. • C� J • 0 Page 2of2 Bruce Power MCR (Gary Street) Development Agreement By-law By-law No. 2018 - 110 5. This By-law may be cited as the "Bruce Power MCR (Gary Street) Development Agreement By-law". READ a FIRST and SECOND TIME this 5t" day of September, 2018. READ a THIRD TIME and FINALLY PASSED this 5t" day of September, 2018. 9 Mayor D Clerk This is Schedule " A " to By -Law No-Ocia-tl® passed the 5 day of r 20 1? 13 HE CORPORATION OF THE MUNICIPALITY OF KINCARDINE DEVELOPMENT AGREEMENT bete een BRUCE POWER L.P. -and- THE CORPORATION OF THE MUNICIPALITY OF KINCARDINE DatedS,o�e 15 , 2018 The Corporation of the Municipality of Kincardine 1475 Concession 5. RR5 Kincardine. ON N2Z 2X6 THE CORPORATION OF THE MUNICIPALITY OF KINCARDINE SectionI - Interpretation..............................................................................................................1 1.1 Definitions....................................................................................................................1 1.2 List of Schedules...........................................................................................................2 Section 2 -- Order of Procedure....................................................................................................3 Section 3 -- Installation of Services...............................................................................................4 3.1 General..........................................................................................................................4 3.2 Municipality's Legal. Planning. and Engineering Costs..............................................4 3.3 Developer's Engineer...................................................................................................4 3.4 Works to be Installed....................................................................................................5 3.5 Approval of Plans.........................................................................................................5 3.6 Notification of Commencement...................................................................................5 3.7 Progress of Works.........................................................................................................� 3.8 Scheduling of Works....................................................................................................6 3.9 Contractor.....................................................................................................................6 3.10 Utility Costs and Charges.............................................................................................6 3.11 Access Roads................................................................................................................6 3.12 Mo\ ement of Fill..........................................................................................................6 3.13 Damage to Existing Plant.............................................................................................7 3.14 Signs.............................................................................................................................7 3.15 Testing..........................................................................................................................7 3.16 Erosion and Silting Control..........................................................................................7 3.17 Emergency Access........................................................................................................7 3.18 Construction Retuse and Weeds...................................................................................7 3.19 Dust Control...............................................................................................................8 3.20 Municipal Street Numbers............................................................................................8 3.2 ontaminants................................................................................................................8 Section4 -- Acceptance of Works.................................................................................................8 4.1 Stages of Construction and Scry ices .............................................................................8 4.2 Inspection and Acceptance of the Works.....................................................................9 4.3 Final Acceptance of the Works.....................................................................................9 4.4 Acceptance During Winter Months..............................................................................9 4.5 Use of Works by Municipality.....................................................................................9 4.6 Replacement of Survey Bars........................................................................................9 4.7 Ownership of Services................................................................................................10 Section 5 -- Maintenance of Works............................................................................................10 5.1 Maintenance of Works................................................................................................10 5.2 Road Maintenance......................................................................................................10 5.3 Emergency Repairs.....................................................................................................1 1 Section 6 -- Drainage and Landscape Design............................................................................11 6.1 Drainage......................................................................................................................11 6.2 Preservation of Trees..................................................................................................1 l 6.3 Maintenance of Lot Grading.......................................................................................1 l Index (cont'd) Section 7 -- Lands to be Conveyed.............................................................................................11 7.1 Lands for Municipal Purposes....................................................................................1 l 7.2 Easements...................................................................................................................12 7.3 Turning Circles...........................................................................................................12 Section8 -- Administration.........................................................................................................12 8.1 Voiding Agreement....................................................................................................12 16 8.2 Developer's Expense.............................................................................................12 8.3 Phasing---."",- ....................................................................................................... 12 8.4 Developer's Liabilities.......................................................................................... 12 8.5 Insurance .......................................... 8.6 Legal Notice to Developer..........................................................................................13 8.7 Registration.................................................................................................................13 8.8 Mortgages/Encumbrances...........................................................................................13 8.9 Requirements for Building Permits............................................................................13 8.10 Requirements for Occupanc}.....................................................................................14 8.11 Right to Enter into an Agreement...............................................................................14 8.12 Successors and Assigns..............................................................................................14 8.13 Scheduling. Progress and Completion........................................................................14 8.14 No Municipal Liability...............................................................................................15 8.15 Assignment.................................................................................................................15 8.16 Conflict .......................................................................................................................15 8.17 Severabilitv.................................................................................................................15 8.18 Amendment.................................................................................................................15 8.19 Further Assurances.....................................................................................................15 8.20 Joint and Several.........................................................................................................15 8.21 Headings.....................................................................................................................16 8.22 Enurement...................................................................................................................16 Section 9 -- Financial Provisions.................................................................................................16 9.1 Development Charges. Drainage and Local Improvement Charges .......................... 16 9.2 Securities.....................................................................................................................16 9.3 Reduction of Securities...............................................................................................17 9.4 Statutory Declaration of Accounts Paid.....................................................................17 9.5 Construction Lien Act.................................................................................................18 9.6 Release........................................................................................................................18 Section 10 -- Special Provisions - See Schedule"H"................................................................................................18 Section 11 - Finalization of Agreement.....................................................................................18 Section12 --Signatures................................................................................................................19 Index (cont'd) LIST OF SCHEDULES Schedule "A" -- Description of Lands Being DeN eloped..............................................................20 Schedule "B.. -- Plan of Development............................................................................................ Schedule "C" __ Municipal SerN icing Standards...........................................................................22 Schedule'•D" -- Checklist of Works to be Constructed................................................................23 Schedule "E" -- Itemized Estimate of Costs of Construction of Each Part of the Works ............ 24 Schedule 'T" — List of Lands for Municipal Purposes to be Cow, eyed to the Ylunicipalit} ........25 Schedule' -G" -- Application for Reduction of Security................................................................26 Schedule "H.. -- Special Prov isions...............................................................................................27 THE CORPORATION OF THE MUNICIPALITY OF KINCARDINE DEVELOPMENT AGREEMENT THIS AGREEMENT made in triplicate on the day of 20_ A.D. BETWEEN: BRUCE POWER L.P. hereinafter called the "Developer' - and — THE CORPORATION OF THE MUNICIPALITY OF KINCARDINE hereinafter called the "Municipality" M IlLRI: AS pur uant to a d_,� elopment agreement dated the 6th da} of September, 2017 (the 'Original Development Agreement') hew een the Aiunicipalit\ and Ontario Peninsula I'arms Ltd, (°OPF")_ OPI. as prev ious owner of the Lands. did agree to undertake the obligations of the "Dei eloper.. in respect ofthe Lands. all a more particular 1ti described in the- Original De%elopm xit Agreement_: AND \\ I II:RLAS pursuant to a transt'er registered on Notiember N. 2017. OPI- transferred the Lands to the Dey eloper: AND AA I IFRE\S the Municipalit\ and the De; ,eIoper �cish to enter into this Agreement to, inter alio. replace the Original DcAe1opment Agreement ACith the proti inions ofthlS A?reern nt; \ND WHEREAS the Developer is the registered owner of the land described in Schedule "A" (hereinafter called the "Lands") to this Development Agreement (hereinafter called the "Agreement") and proposes to develop it for the purpose of selling. conveying. or leasing it for the purpose of an office building and training centre. AND WHEREAS the Municipality and the Developer have entered into a Site Plan Agreement ("Site Plan Agreement') and the parties acknowledge and agree that it was a condition precedent of the Site Plan Agreement that the parties execute the within Development Agreement at or about the time of entering into the Site Plan Agreement; AND WHEREAS the Municipality and the Developer are desirous of entering into an Agreement to satisfy the conditions of the Site Plan Agreement. AND WHEREAS the Municipality requires dedication of a road and future Stormwater Management lands, as shown in Schedule "B", (hereinafter called the "Plan'). AND WHEREAS the Municipality requires the Developer to construct and install certain municipal services as hereinafter provided and herein referred to as the "Works". as set out in Schedule "D", and to make financial arrangements with the Municipality for the installation and construction of required services as a condition of Site Plan approval. AND WHEREAS the Developer is required to meet all conditions of the Site Plan Agreement. NOW THEREFORE THIS AGREEMENT WITNESSETH that in consideration of other good and valuable consideration and the sum of One Dollar ($1.00) of lawful money of Canada, now paid by each of the parties hereto to each of the other parties hereto, (the receipt whereof is hereby acknowledged), the parties hereto hereby covenant, promise and agree with each other as follows. SECTION 1— INTERPRETATION 1.1 Definitions The terms defined in this Section 1.1 shall have the following meanings unless the context expressly or by necessary implication otherwise requires: "Agreement" means this Agreement titled "Development Agreement". "Business Day" means any day that is not a Saturday, Sunday or statutory holiday in the Province of Ontario. "Certificate of Final Acceptance" means the certificate issued by the Municipality after satisfaction of the conditions identified in Section 4.3. "Certificate of Inspection Re: Readiness for Occupancy" means the certificate issued by the Municipality after satisfaction of the conditions identified in Section 8.10. "Certificate of Preliminary Acceptance" means the certificate issued by the Municipality after satisfaction of the conditions identified in Section 4.2. "Chief Building Official" or "CBO" means the Director of Building and Planning or the Chief Building Official. or designate for the Municipality of Kincardine. "Conservation Authority" or "SVCA" means the Saugeen Valley Conservation Authority and its successors and assigns. "County" means The Corporation of the County of Bruce and its successors and assigns. "Developer" means, collectively. Bruce Power L.P. and its respective successors and assigns. "Developer" where used in this Agreement includes an individual, an Association, a Partnership, or a Corporation and wherever the singular is used herein, it shall be construed as including the plural. "Director of Public Works" means the Director of Public Works or designate for the Municipality of Kincardine "Land and/or Lands" means the real property, the legal description of which is attached as Schedule "A". "Municipality" means the Corporation of the Municipality of Kincardine and its successors and assigns. "Municipal Act' refers to the r1/unicipal Act, 2001. S.O. 2001; c.25 and any amendments thereto. "Owner" means the Owner of a lot or block and may include the "Developer'. "Plan" means the plan of development relating to the Land as identified in Schedule B "Works" means the Works and services described in Schedule "D". 1.2 List of Schedules The following schedules are attached to and form part of this Agreement: Schedule "A" -- Description of Lands Being Developed Schedule "B" -- Plan of Development Schedule "C" -- Municipal Servicing Guidelines Schedule "D" -- Checklist of Works to be Constructed Schedule "E" -- Itemized Estimate of Costs of Construction of Each Part of the Works 3 Schedule ''F'' -- List of Lands for Municipal Purposes and Easements to be Granted to the Municipality Schedule "G" -- Application for Reduction of Security Schedule -H- -- Special Provisions SECTION 2 -- ORDER OF PROCEDURE 2.1 Upon application to the Municipality for the preparation of an agreement the Developer shall: (a) Pay to the Municipality the fee required by the Municipality's Tariff of Fees By-lavy. as amended from time to time. (b) Pay to the Municipality the sum of twenty thousand ($20.000.00) dollars as a deposit in respect of the Municipality's legal and engineering costs referred to in Section 3.2 (a) herein. (c) Submit a Plan to the Municipality (the "Plan'). The Plan is attached hereto as Schedule B. 2.2 Prior to Registering the Agreement the Developer shall: (a) Deposit with the Municipality securities and insurance as outlined in the Agreement. (b) Pay in full any outstanding taxes or drainage. local improvement charges and charges under the Alunicipal Act including outstanding sewer rates and/or water rates. (c) Provide proof of postponement of any encumbrances on the Lands. (d) Deposit with the Municipality's Solicitor. copies of this Agreement executed by the Developer. to be executed by the Municipality and retained by the Municipality's Solicitor for registration as hereinafter provided. (e) Deliver to the Municipality's Solicitor written authorization to register this Agreement or Notice of this Agreement and any costs associated with said registration shall be the responsibility of the Developer and shall be deducted by the Municipality from the deposit being held by the Municipality. 2.3 Prior to starting construction on the Services, the Developer shall: (a) Have submitted and obtained the written approval of the Municipality's Engineer for the following all to be done in accordance with the Municipal Servicing Standards of the Municipality: • The Drainage Area Plans, • The Lot Grading Plan: • The Service Layout Plan for underground electrical services, telephone. gas.. etc.: • Final approved drawings for all Works required in Schedule ''D" to this Agreement. (b) Submit to the Municipality the Ministry of the Environment and Climate Change's Environmental Compliance Approval for the Water Supply and Distribution System (if required), the Sewage Collection System, and the Storm Sewer System and Storm Water Management Works. (c) Submit to the Municipal Engineer a completed Form I and supporting documentation for approval of the Water Distribution System. (d) Provide written confirmation of having obtained the approval for drainage, road crossings, encroachments. etc. of all road authorities including the Municipality, County. Conservation Authority. the Ministry of Transportation ofOntario and any other authority inN ok ed. 2.4 Prior to the issuance of building permits the Developer shall: (a) Have complied with all requirements of Section 8.9. 2.5 Prior to any person occupying any building, the Developer shall: (a) Have complied with all the requirements of Section 8.10 and Section 2.0 of Schedule'"H" of this Agreement. SECTION 3 -- INSTALLATION OF SERVICES 3.1 General The Developer shall design, construct and install at its own expense and in good workmanlike manner Municipal Works to the servicing standards of the Municipality as set out in Schedule "C" to this Agreement. 3.2 Municipality's Legal and Engineering Costs (a) The Developer agrees to pay the Municipality's cost of the Municipal Solicitor and of the Municipality's Engineer's invoices for the checking of plans and specifications and for supervision and inspection on behalf of the Municipality. Further, the Developer agrees to reimburse the Municipality for any inspections completed by municipal staff as part of the Municipal Engineer's inspections of the installation of services. (b) The Developer shall be invoiced regularly by the Municipality for all costs incurred by the Municipality with respect to this Agreement pursuant to Section 3.2 (a). (c) The Developer shall reimburse the Municipality for all costs incurred by the Municipality as referred to in Section 3.2 (a) herein. within thirty (30) days of each billing. failing which the Municipality and its agents shall cease all work with respect to the revie�N of the Development. (d) The deposit referred to in Section 2.1 (b) of this Agreement shall be retained by the Municipality as a float against any unpaid bills and such deposit (or the balance thereof, if any) shall be returned to the Developer at Final Acceptance of the Development by the Municipality and the Municipality being satisfied. in its discretion. that all costs in Section 2.1 (h) herein and any contingencies with respect to the Development have been paid in full. (e) The Developer shall pay to the Municipality. on thirty (30) days written notice from the Municipality, such amount as is necessary, to maintain the Deposit referred to in Section 2.1 (a) at the sum of twenty thousand ($20.000.00) dollars. failing which the Municipality and its agents shall cease all work with respect to the review of the Development and any amounts that remain outstanding shall accrue interest at the rate of 1.25%_per annum (compounded annually) until paid in full. 3.3 Developer's Engineer The Developer shall employ engineers holding a certificate of authorization from Professional Engineers Ontario and approved by the Municipality: (a) To prepare designs: (b) To prepare and furnish all required drawings; (c) To prepare the necessary contract(s); (d) To obtain the necessary approvals in conjunction Nwith the Municipality. the County' Health Unit and the Ministry of the Environment and Climate Change. and others as required. (e) To provide the contract documentation, contract administration. and the full time supervision of construction. (f) To maintain all records of construction and upon completion. to advise the Municipality's Engineer of all construction changes and to prepare final As Built drawings. Digital files of the As Built drawings shall be submitted to the Municipal Engineer and the Municipality prior to the issuance of the Certificate of Final Acceptance. Digital files shall be recorded by GPS using NAD 83 UTM Zone 17N with an accuracy of 100 mm or less. in the format of ArcGIS 9.2 (or compatible version) with the inclusion of x. y coordinates for all applicable points of reference. (g) To act as the representative of the Developer in all matters pertaining to the construction. (h) To provide co-ordination and scheduling to comply with the timing provisions of this Agreement and the requirements of the MUmicipality's Engineer. for all Works specified in this Agreement. (i) To provide certification that the installation of services was in conformance to said plans and specifications. such certification to be in a form acceptable to the Municipality's Solicitor and the Municipality's Engineer. (j) To take such other actions as may be required by the Municipality. acting reasonably. for the completion of the development in accordance with this Agreement and good engineering practices. 3.4 Works to be Installed The Works to be installed are set out in Schedule "D" to this Agreement. This schedule is to set out the Works in general terms only and shall not be construed as covering all items in detail. If at any time and from time to time during the development. the Municipality's Engineer is of the opinion that additional Works are necessary to provide adequately any Of the public services required, the Developer shall. at its expense. construct.. install or perform such additional works at the request of the Municipality's Engineer. 3.5 Approval of Plans The detailed plans and specifications of all services must be submitted by the Developer to the Municipality's Engineer for endorsement of approval and such endorsement of approval shall in no wayabsolve the Developer or its consulting Engineers of responsibility for errors in or omissions from such plans and specifications. 3.6 Notification of Commencement The Developer shall not commence the construction of any of the Works until the Developer has provided three (3) business days written notice to the Municipality's Engineer of its intent to commence work. Should, for any reason. there be a cessation or interruption of construction, the Developer shall provide three (3) business days written notification to the Municipality's Engineer before work is resumed. 3.7 Progress of Works The Developer shall install all Works in a timely manner, in accordance with the requirements of Schedule "C'' and this Agreement. If it fails to do so. having commenced to install the aforesaid Works, faits or neglects to proceed with reasonable speed. or in the event that the aforesaid Works are not being installed in the manner required by the Municipality, then upon the 1Vlunicipatity giving seven (7) days varitten notice by prepaid registered mail to the Developer, the Municipality may, without further notice, enter upon the said lands and proceed to supply all materials and to do all the necessary Works in connection with the installation of the said Works. including the repair or reconstruction of faulty work and the replacement of materials not in accordance with the specifications, and to charge the cost thereof together with an engineering fee Often percent (10%) of the cost of such materials and Works to the Developer who shall forthwith pay the same upon demand. If the Developer tails to pay the Municipality within thirty (30) days of date on the bill, the money owing may be deducted from the cash deposit. letters of credit, or other securities. It is understood in the event that the Municipality must enter upon said lands and have Works completed or repaired due to situations as outlined above any or all original drawings and specifications prepared by the Developer's Engineer must be turned over to the Municipality's Engineer for its use should he require same. It is understood and agreed between the parties hereto that such entry upon the lands shall be as an agent for the Developer and shall not be deemed for any purpose whatsoever. as an acceptance or assumption of the said Works by the Municipality. The Municipality, in addition to all other remedies, may refuse to issue building permits until the Works are completely installed in accordance with the requirements ofthe Municipality. Without limiting the obligations of the Developer herein. if the Developer defaults on the performance of any term, covenant or provision of this Agreement, and it' such default continues for ten (10) days after the Developer receives written notice of such default by the Municipality (or such shorter time as may be required in the cases of an emergency or other urgent matters or as otherwise provided for herein), the Municipality may perform that obligation on the Developer's behalfand may enter upon the Lands for this purpose. If the Municipality is compelled or elects to incur any expense in connection with its performance of the Developer's obligations (including any engineering or legal fees incurred in connection with such actions), any reasonable costs so incurred by the Municipality, together with all interest thereon and any damages incurred, shall be payable to the Developer and shall be collectible by the Municipality in like manner as municipal taxes. The DeN eloper also acknowledges and agrees that the Municipality has the right to draw down any Letters of Credit. cash or other security for the purpose of collecting any such expenses incurred by the Municipality. 3.8 Scheduling of Works Prior to the start of construction and prior to the issuance of building permits. the Developer shall supply for the approNal of the Municipality's Engineer a Schedule of Works setting out the order in which it considers the various sections of the Works will be built. The Municipality's Engineer may amend this schedule and the Developer must construct. install or perform the work as the Municipality's Engineer from time to time may direct. 3.9 Contractor The said services shall be installed by a qualified competent contractor or contractors retained by the Developer. 3.10 Utility Costs and Charges The Developer shall deal directly with all utility companies. The Developer's Engineer shall obtain all approvals and permits and pay all fees and charges directly to the appropriate utility company. 3.11 Access Roads All access roads must be maintained by the Developer in good repair acceptable to the Municipality's Engineer during the time of construction. This shall include the removal of mud tracked from the Development as well as dust control. No roadway outside the limits of the proposed Development may be closed without the written consent of the Municipality. To obtain such consent. the Developer shall advise the Director of Public Works. not later than fourteen (14) days prior to the proposed closure, of the date. time and duration they wish to close a roadway. All costs for advertising the closure and signage shall be borne by the Developer. The Municipality reserves the right to limit or prohibit the use of any existing access road by the Developer. 3.12 Movement of Fill The Developer covenants and agrees that it shall not dump nor permit to be dumped any Fill or debris on. nor shall it remove or permit to be removed any fill. topsoil, trees or shrubs from any public lands. other than roads. without the written consent of the Municipality's Engineer. The Developer further agrees that no topsoil shall be removed from the lots and/or blocks except for construction purposes within the development and then such topsoil shall be stockpiled during grading operations and as each building is completed, the topsoil so stockpiled shall be replaced on the ground around each building to comply with the Municipal standards, and the replacing of such topsoil shall include all surfaces not covered by buildings. driveways or pavement within the development. Excess topsoil may be removed from the site with the approval of the Municipality's Director of Public Works. 3.13 Damage to Existing Plant The Developer shall repair arty damage caused to any existing road. road allowance or existing structure or plant located on the road allowance as a result of the Development and shall pay for any costs involved in relocation of existing service such as hydrants. telephone poles. hydro poles, pad mount transformers, cubicles and pedestals. etc.. which may be necessary because of the development. 3.14 Signs Signs at least 1.2 in x 1.8 in shall be erected by the Developer in an approved location at each entrance to the Development. The signs shall read as follows: `Road Not.-lssumed by Ilunicipality - Use at Your Own Risk ". These signs shall be installed prior to the start of construction and be removed after all the roads have received a Certificate of Final Acceptance. 3.15 Testing The Municipality's Engineer may have any qualitative or quantitative tests made of any materials which have been or are proposed to be used in the construction of any of the Works required by this Agreement, or may require television camera or soil tests to be carried out. and the cost of such tests shall be paid b}the Developer within ten (10) days of the account being rendered by the Municipality. Nothing herein shall relieve the Developer of its responsibility to carry out any tests required by good engineering practice. 3.16 Erosion and Silting Control The Developer must take all necessary precautions to prevent erosion and sedimentation of sewers. ditches, culverts, slopes. etc., both within the Development and downstream during construction and completion of servicing. Failing adequate precautions being taken. the Developer will be responsible for correcting any damages and paying all maintenance costs resulting therefrom. 3.17 Emergency Access The Developer shall at all times during construction and development of the Works maintain emergency access to the land to the satisfaction of the Municipality's Engineer. 3.18 Construction Refuse and Weeds The Developer, and each subsequent Owner of Lots or Blocks within the Plan, shall regularly dispose of all construction refuse, debris or weeds whether it be Brom site servicing or house building or any other source related to the development of the site, in an orderly and sanitary fashion. If the Developer or subsequent OtiN ner of the Lots or Blocks within the Plan fails to remove and dispose of construction refuse, debris or weeds to the satisfaction of the Municipality's By-law Officer. the Municipality may give written notice to the Developer or Lot Owner. If the Developer or each subsequent Owner of Lots or Blocks within the Plan fails to dispose of the refuse. debris or weeds within forty-eight (48) hours after receiving a written request from the Municipality to do so. the Municipality may, without further notice, undertake such removal and disposition and the cost thereof shall be paid by the Developer or each subsequent Owner of the Lots or Blocks within the Plan forthwith upon demand. which costs shall include all expenses incurred by the Municipality in carrying out such removal and disposition. The burning of construction refuse. debris of weeds, whether it be from site servicing or house building or any other source related to the development of the site on any lands within the Plan is prohibited. The cost of disposal as required by this section will be at the expense of the Developer or each subsequent Owner and the Municipality may recover such expense tinder Section 446 of the ilhinicipal.-Ict, 2001 in the same manner as taxes or from the deposit required by Section 8.9(h). 3.19 Dust Control Until the Final Acceptance of all Services to be constructed under this Agreement. the Developer shall use such reasonable method and at all times environmentally acceptable materials to prevent any dust problem to traffic or home occupants as the Municipality shall deem necessary and for this purpose the Municipality's Director of Public Forks shall notify the Developer in writing from time to time of the requirements of the Municipality. 3.20 Municipal Street Numbers (a) Each Owner shall cause the street number so provided to be placed and maintained in a conspicuous position in the front of the property upon occupancy. (b) All costs related to Lot. Block or building numbering shall be the responsibility of the Developer. 3.21 Contaminants In the erent the Developer discovers any waste. contaminants. pollutants. hazardous substances or any other similar substances that may he detrimental to the em ironment during the development of the lands constituting the Plan. the Developer hereby agrees to notify the Municipality and the Ministry of the Environment and Climate Change immediately and take all necessary steps and remedial efforts required by the Nlinistry of the Environment and Climate Change and the Municipality to remove such waste. contaminants, pollutants. hazardous substances or other substances that could be detrimental to the environment. In taking such action, the Developer shall fulfill all legislative requirements for the remediation and clean-up of lands constituting the Plan and shall comply with all legislative requirements regulating the removal, transportation and disposal of such waste, contaminants, pollutants, hazardous substances or any other similar substances from the said lands. SECTION 4 -- ACCEPTANCE OF WORKS 4.1 Stages of Construction and Services The Municipality will grant Preliminary or Final Acceptance of servicing based upon stages of construction; and when the development is phased, within the whole of each phase as approved by the Municipality. Stages of construction are as follows: (a) Stage 1 - consists of all underground Works including storm sewers and storm water management facilities. sanitary sewers, watermains and booster pumping station, and the completion of Granular ''B" road base, a portion of the Granular "A" for a riding surface, together with the As Built drawings for that work. (b) Stage 2 - services shall include the balance of the road Works including granular, curbs and gutter, base asphalt. grading of boulevard areas. sidewalks. installation of street and traffic signs, conduits. piping and facilities for the completion of electrical servicing, street lighting and other utilities such as gas. telephone and Cable T.V. together with As Built drawings for that work. (c) Stage 3 - services including the final coat of asphalt. topsoil and sodding. trees. fencing and any other requirements of this agreement. 4.2 Inspection and Acceptance of the Works When all of the services in Stage 1 and 2, or in Stage 3 of servicing as identified above have been completed and the Municipality's Engineer has been given written certification by the Developer's Engineer that such services have been constructed in each stage in accordance with the approved plans and specifications in this Agreement and upon satisfactory inspection by the Municipality's Engineer and/or municipal staff. the Municipality's Engineer will recommend that the Municipality grant a Certificate of Preliminary Acceptance. This Certificate may include a list of minor deficiencies which the Developer must repair. The services shall then be subject to a guaranteed maintenance period as described in Section 5.1. The Developer acknowledges that the Municipality will not be required to perform any utility locates until such time as Preliminary Acceptance of the Stage 1 services have been completed and the Developer has provided the As Built drawings required for that portion of the work under this Agreement. 4.3 Final Acceptance of the Works On receipt of a written request from the Developer for final inspection and final acceptance following completion of the guaranteed maintenance period outlined in Section 5.1. the Municipality's Engineer will complete an inspection and if there are no deficiencies. will recommend to the Municipality that the Certificate of Final Acceptance be issued. This Certificate will be issued provided that the Developer has paid all accounts to the Municipalit; and the Nlumicipality is: Satisfied the applicable services have been completely installed: Satisfied all repairs or maintenance work on the applicable services have been completed. and the Municipality has: Approved the formal certification of final completion from the Developer's Engineer certifying that all Works and services have been installed; Received final As Built drawings as detailed elsewhere in this Agreement. 4.4 Acceptance During Winter Months The Municipality will not be required to provide Certificates of Preliminary or Final Acceptance during the winter months or any other time of year when inspection of the Works and services is impractical due to snow cover. inclement weather and/or other adverse conditions. 4.5 Use of Works by Municipality The Developer agrees that: 10 (a) The Works may be used prior to acceptance by the Municipality, or other authorized persons for the purposes for which such Works were designed. (b) Such use shall not be deemed an acceptance of the Works by the Municipality. (c) Such use shall not in any vv ay relieve the Developer of its obligations in respect of the construction and maintenance of the Works so used. 4.6 Replacement of Survey Bars Prior to the Final acceptance by the Municipality. the Developer shall deliver to the Municipal Clerk a statement from an Ontario Land Surveyor approved by the Municipality that atter the completion of the work, he/she has found or replaced all survey monuments and iron bars as shown on the registered plan. 4.7 Ownership of Services Upon the issuance to the Developer of the Certificate of Final Acceptance. the ownership of the services described shall vest in the Municipality and the Developer shall have no claim or rights thereto except those occurring as an o%� ner of the lands abutting the streets where such services are installed. Notwithstanding the above, the Developer and Municipality agree that on connection of water distribution systems. the Municipality will then become the operator of said systems. The parties further agree that if Parts I and 4, 3R-10042 are transferred to the Municipality prior to the issuance of the Certificate of Final Acceptance, this shall not be deened as an acceptance of the Works by the Municipality and shall not relieve the Developer of any maintenance responsibilities under this Agreement. Any costs associated with the repair and maintenance of the water infrastructure Awing the warranty period as outlined in Section 5.2 of this Agreement shall be borne by the Developer. SECTION 5 -- MAINTENANCE OF WORKS 5.1 Maintenance of Works The Developer will be responsible for the repair and maintenance of all services including hydro costs for street lights. until a Certificate of Final Acceptance is issued for the Stage 2 services by the Municipality. This maintenance period shall extend for tvvo (2) years from the date of the Certificate of Preliminary Acceptance for each Stage of the Works. During this maintenance period, a 10% security holdback shall be retained by the Municipality in accordance with the provisions of Clause 9.3 (e) of this agreement. If during this period. the Developer fails to carry out maintenance work within seventy -mo (72) hours alter receipt of the request from the Municipality. then the Municipality's Engineer or Director Of Public Works may, without further notice, undertake such maintenance work and the total costs of such work, including engineering fees. shall be borne by the Developer. If the Developer fails to pay the Municipality within thirty (30) days ofthe date of billing then the money owing may be deducted from the deposited securities. Towards the end of the Maintenance Period, the Developer shall make written request to the Municipality for a final inspection to be made in respect to the issuance of the Certificate of Final Acceptance. 5.2 Road Maintenance The Developer will be responsible for the maintenance of the roads until a Certificate of Final Acceptance is issued by the Municipality. The Developer further acknowledges and agrees that if Part 2. 3R-10042 is transferred to the Municipality prior to the issuance of the Certificate of Final Acceptance, this shall not be deemed as an acceptance of the road by the Municipality and shall not relieve the Developer of its obligations. maintenance or otherwise, under this Agreement. Summer maintenance shall include grading, dust control and general clean-up of the site. Winter road maintenance shall include all plowing. sanding and salting to assure proper vehicular access within the Development. In the event that proper maintenance or snow removal is not provided by the Developer, the Municipalit}, through its servants, contractors or agents may provide maintenance and/or remove snow without notice to the Developer. Such work will be carried out at times deemed to be an emergent\ by the tYtunicipality's Director of Public Works. All costs of such work shall be paid by the Developer within thirty (30) days of date of billing or otherwise may be deducted from the deposited securities. The Developer further agrees that any work done by the Municipality pursuant to this contract before the roads are accepted by the Municipality shall not be deemed in any way, to be an acceptance by the Municipality of the roads in the said Development upon which such work is done. The Developer acknowledges that the Municipality. in providing maintenance or during snow removal, may damage or interfere with the Works of the Developer and cause damage to such Works and the Developer hereby waives all claims against the Municipality that it may have arising therefrom and covenants that it will make no claim against the Municipality for such interference or damage. Representation may be made requesting that the Municipality consider entering into a separate agreement with the Developer to undertake the winter road maintenance within the Development. 5.3 Emergency Repairs Employees or agents of the Municipality may enter upon the Land at any time or from time to time for the purpose of making emergency repairs to any of the Works on behalf of and at the expense of the Developer. Such entry and repairing shall not be deemed an acceptance of any of the Works by the Municipality or an assumption by the Municipality of any liability in connection therewith or a release of the Developer from any of its obligations under this Agreement. SECTION 6 -- DRAINAGE AND LANDSCAPE DESIGN 6.1 Drainage All Lots and Blocks within the Plan and all lands abutting the Plan shall be graded to drain in accordance with the Drainage Plan as approved by the Municipality's Engineer. It is understood and agreed by the parties hereto that the drainage of surface waters on the Lots and Blocks in the Plan. are the sole responsibility of the Developer and subsequent purchasers. and the Developer is to provide and maintain adequate drainage of such surface waters. Satisfactory drainage outlets shall be provided. Drainage shall not impact adjacent landowners. Drainage outlets shall be constructed from the limits of the Development to a sufficient outlet in accordance with the approved engineering drawings. 6.2 Preservation of Trees The Developer shall strive to preserve healthy trees, except for the actual area of roadway construction. the installation of services, or the areas within the building envelope. No additional trees shall be removed without the Municipality's Director of Public Works' written permission. The development may be subject to the Natural Heritage Designation and/or an individual Environmental Impact Study. Where appropriate, special provisions may be included in Schedule "I" of this Agreement. 6.3 Maintenance of Lot Grading The facilities and Works required by Section 6 shall be provided and maintained by the Developer or subsequent owner of each lot from time to time at such party's sole risk and expense. Should. for any reason, the Developer or subsequent Owner fail to maintain the lot grading, they acknowledge that the Municipality, or in the case of a subsequent Owner, the Municipality or the Developer may enter upon the said property at any reasonable time to 12 correct any drainage issues. The cost/expense for any, such remedial action completed by the Municipality shall be at the expense of the subsequent Owner and the Municipality may recover the cost of doing such remedial work in accordance with the provisions of Section 446 of the 111azicipal.-ici in the same manner as taxes. SECTION 7 -LANDS TO BE CONVEYED 7.1 Lands for Yfunicipal Purposes The Developer shall coney in fee simple a good title free fi-om encumbrances to the Municipality. lands for municipal purposes. which shall be mutually agreed upon h} the Owner and the Municipality, or to make a cash payment in lieu thereof as stipulated by the Municipality and also to convey to the Municipality in fee simple. the 0.3 metre reserves and other lands required by the Ntunicipality. The deeds for the said lands are to be approved by the Municipality's Solicitor and therealter forthwith registered in the Land Registry Office and deposited with the Municipal Clerk. The cost for preparation and registration of the said deeds shall be paid by the Developer. A list of lands for municipal purposes to be conveyed to the Municipality shall be set out in Schedule -F- of this Agreement. The Municipality acknowledges that the road described in Schedule F is not being conveyed to the Municipality tlu•ough the registration of a plan of subdivision Pursuant to s. 26.5. of the Municipal Act. The conveyance of the road described in Schedule F will therefore occur on a date mutually agreeable to the Developer and Municipality, and no later than 30 days following the issuance of a Certificate of Final Acceptance by the Municipality. and such conveyance may be conditional on the Municipality enacting a bylaw establishing the road as a public highway pursuant to Section 26.2. of the Alunicipal Act. 7.2 Easements The Developer agrees to grant at its expense all such easements and rights-of-way as may be required for the installation and supply of services to the Development. A list of easements and rights-of-way to be granted to the Municipality shall be set out in Schedule F" of this Agreement. 7.3 Turning Circles The Municipality may require the installation oftemporary turning circles. Where such are required. the Developer shall coney easements to the Municipality for the purposes of providing the Municipality with sufficient land to construct said tuning circle(s). The temporary turning circle shall be constructed in accordance with Schedule "C" of this Agreement. The Developer and the Municipality acknowledge that the easements shall be released to the owners in the event that the street is connected in the fixture. Such conveyance and release of the easements shall be completed at no expense to the Municipality. A list of said easements is included in Schedule "F" of this Agreement. SECTION 8 — ADMINISTRATION 8.1 Voiding Agreement In the event that the Site Plan Agreement is rendered null and void this agreement shall also be null and void. 8.2 Developer's Expense Every, provision of this Agreement by which the Developer is obligated in any way shall be deemed to include the words "at the expense of the Developer" and "as approved or accepted by the Municipality", unless specifically stated otherwise. 8.3 Phasing 13 There will be no phasing of the servicing of this development. 8.4 Developer's Liabilities Until the Municipality has issued the Certificate of Final Acceptance for the Works. the Developer hereby indemnifies and saves harmless the Municipality against all actions, causes of action, suits. claims and demands whatsoever which may arise either directly or indirectly by reason of the Developer undertaking the Development. 8.5 Insurance The Developer shall insure against all damages or claims for damage with an Insurance Company satisfactory to the Municipality. Such policyor policies shall be issued in the joint names of the Developer, the Municipality and the Municipality's Engineer and the form and content shall be subject to the approval of the Municipality. The minimum limits Of such policies shall be five million dollars ($5.000,000.00) all inclusive, but the Municipality shall have the right to set higher amounts. as its sole discretion. The said insurance policy shall include a provision that requires the insurance company to provide the Municipality with thirty (30) days notice of termination of such policy. The policy shall be in effect for the period of this Agreement including the guaranteed maintenance period pursuant to Section 5 of this Agreement. The issuance of such a policy of insurance shall not be construed as relieving the Developer from responsibility for other or larger claims. if any, for which it may be held responsible. 8.6 Legal Notice to Developer and Municipality Any notice required to be given hereunder may be given by fax. personal service delivered directly to the Developer or the Developer's engineer or by registered mail addressed to the Developer at its principal place of business. as identified in this Agreement or as provided by the Developer from time to time or as shown on the last revised assessment roll in the possession of the Municipality's Clerk, and shall be effective as of the date delivered or sent via fax or shall be effective, in the case of registered mail. the 5"' day after the date the Notice was deposited in the Post Office. Any notice required to be given to the Municipality hereunder shall be given to the Municipality by registered mail to: Municipality of Kincardine 1475 Concession 5 RR45 Kincardine. ON N2Z 2X6 ATTN: Clerk 8.7 Registration The Developer consents and authorizes the registration of this Agreement by the Municipality's Solicitor on title to the Lands, which said registration is at the sole discretion of the Municipality and all costs of registration shall be paid for by the Developer. 8.8 Mortgages/Encumbrances The Developer covenants and agrees to obtain and register. at its sole cost and expense. a postponement from each encumbrancer with a charge registered against title to the Land (or part thereof) so that notice of this Agreement shall be registered in priority to any such charge. Further. the mortgagee, if any, agrees that in the event of him assigning or transferring the mortgage on the lands. the assignment or transfer shall be subject to the terms hereof in the same manner as if the assignee or transferee had executed this Agreement. 8.9 Requirements for Building Permits 14 The approval of the Plan by the Municipality or the acceptance by the Municipality of the Works shall not be deemed to give any assurance that Municipal building permits, when applied for will be issued in respect of the Lots or Blocks shown on the Plan. Nom ithstandin- the foregoing. the Developer agrees that it. or anyone claiming title from it or under its authority, shall not apply for any building permits for Lots or Blocks k� ithin the Plan until all requirements hereinafter set out have been carried out to the satisfaction of the Municipality. The Municipality shall have the right to refiise an,, such application until: (a) A certificate has been given by the Municipality's Chief Building Official that the building location is in compliance with the zoning By-law of the N'ILmicipal ity; (b) The signs denoting "Roads t-y'nassioned by the Alitnicipality" have been installed at the entrances to the Development: (c) The site plan agreement has been signed. (d) Payment to the Municipality in the amount of the current applicable Development Charge(s) per Lot or Block in the Plan under the Development Charges By-law of the Municipality, as amended from time to time: (e) The Developer agrees that the preceding requirements in this Section 8.9 are in addition to and not in substitution of the requirements of the Buildings Code Act. 1992, S.O. 1992. c.23. and any amendments thereto and reLlulations thereunder with respect to the issuance of Building Permits. 8.10 Requirements for Occupancy Subject to Section S. l l herein, no building erected on the Lots or Blocks within the Plan shall be occupied until a Certificate of Inspection re: Readiness for Occupancy has been issued by the Municipality's Chiel' Building Official and the said Certificate shall not be issued until: (a) Preliminary Acceptance has been granted for Stage I and 2 servicing for the Development. (b) The electrical distribution plant including street lights have been installed and approved b� the utility compam. (c) The traffic and street signs have been installed and approved by the Municipality's Engineer. (d) The telecommunication lines have been installed and approved by the Municipality's Engineer. (e) The Developer agrees that the preceding requirements in this Section are in addition to and not in substitution of the requirements of the Building Code Act, 1992, S.O. 1992. c.23, and any amendments thereto and regulations thereunder with respect to certificates for occupancy 8.11 Right to Enter into an Agreement The Developer agrees not to call into question directly or indirectly in any court or administrative proceeding or action, whatsoever in law or in equity, the right to the Municipality to enter into this Agreement and to enforce each and every- term, covenant and condition herein contained and this Agreement may be pleaded as an estoppel against the Developer in any such proceeding. The Developer acknowledges that the Municipality is entering into this Agreement and approving the Plan on the express representation of the Developer that it and its successors and assigns shall observe and perform all the provisions of this Agreement and that the Municipality is of the opinion that the Plan would not be in the public interest if 15 the Developer, its successors and assigns, the owner or owners from time to time of the land within the Plan were not obligated to observe and perform all the provisions hereof except to the extent the Municipality may lawfully change them. 8.12 Successors and Assigns The covenants, agreement. conditions, and undertakings herein contained on the part of the Developer shall run with the land and shall be binding upon it and upon its successors and assigns as owners and occupiers of the said lands from time to time. 8.13 Scheduling, Progress and Completion The Developer shall commence construction of services within eighteen ( 18) months of the signing of this Agreement. Within eighteen (18) months of the date of commencement of the servicing of any phase, the Developer shall complete the installation of the Stage 1 and Stage 2 services. In any phase, the top coat of asphalt shall be completed within twenty-four (24) months of preliminary acceptance of Stage 2 of the services: unless written consent altering this condition is received from the Municipal Engineer. Failure to adhere to the above schedule may result in the Municipality completing the Works in accordance with Section 3.7 of this Agreement If the development is phased, the date for commencement of construction on the balance of the phases may be delayed for up to five (5) years. Failure to commence construction w ithin the time schedule above may result in the Municipality declaring this Agreement to be null and void. 8.14 No Municipal Liability This Agreement and the provisions herein do not give the Developer or any person acquiring any interest in the land within the Plan (each hereinafter in this clause called ..such person"), any rights against the Municipality or the Municipality's Engineer with respect to the failure of any such person to perform any obligations under this Agreement or the failure of the Municipality to force any such person to perform any obligations under this Agreement or an) negligence of any such person in the performance of the said obligations. The only duty and responsibility of the Municipality's Engineer arising out of this Agreement is to the Municipality and this Agreement Any work or services done or performed by the Municipality's Engineer under this Agreement do not in any NN a) create any liability on the part of the Municipality or the Municipality's Engineer to the Developer or any person acquiring any interest in the land within the Plan. 8.15 Assignment The Developer shall not assign this Agreement without ten (10) days prior written consent of the Municipality, which consent may not be unreasonably withheld. 8.16 Conflict In the event of any conflict between or among the plans and specifications relating to the construction of the Works. the Municipality's Engineer shall decide which provisions shall prevail. 8.17 Severability If any term, covenant or provision of this Agreement shall be found or declared by a Court of competent jurisdiction to be invalid, unenforceable or ultra vires, such term, covenant or provision shall be conclusively deemed to be severable from all other terms, covenants and provisions of this Agreement and the remainder of this Agreement shall be and remain in full force and effect. 8.18 Amendment 16 Without in any way limiting the rights of the Municipality, the Developer agrees that the Municipality may. with the consent of the then registered owner of any land within the Plan, amend this Agreement insofar as it specifically affects such land or any part thereof. Any amendments to this Agreement shall be agreed upon by the parties in writing. 8.19 Further Assurances The Developer agrees that it shall and will. on the request of the Municipality, make. do. execute or' cause to be made. done or executed all such further and other deeds. acts. things and assurances to ensure the full implementation of this Agreement and to satisfy the intention of the parties as set out in this Agreement. 8.20 Joint and Several All terms, covenants. provisions and obligations of the Developer in this Agreement shall be joint and several. 8.21 Headings The headings contained herein are for reference only. 8.22 Enurement This Agreement shall be binding upon and enure to the benefit of the parties hereto and Its respective heirs. executors. administrators. successors and assigns. For greater certainty, and notwithstanding the registration of this Agreement against title to the Lands. the Developer acknowledges and agrees that it will not be released form any of its obligations under this Agreement unless the Municipality enters into a development assumption agreement with any subsequent owner or developer in a form satisfactory to the Municipality at its sole discretion. SECTION 9 — FINANCIAL PROVISIONS 9.1 Development Charges, Drainage and Local Improvement Charges Development Charges shall be paid in accordance with the Municipality's Development Charges By-la%v. as amended from time to time. The Developer agrees to pay for all arrears of taxes outstanding against the property herein described before the approval of the said Plan is obtained. The Developer further Undertakes and agrees to pay all taxes levied on the said lands on the basis and in accordance with assessment and collector's roll entries until such time as the lands herein being developed have been assessed and entered on the Collector's Roll according to the Registered Plan. Before the Plan is approved, the Developer agrees to commute and pay all charges made with respect to the Drainage Act. the Local Improvement Act. and the Municipal Act, including but not limited to charges or rates outstanding in respect of the Lands under any sewer rate and/or water rate By-law which are assessed against the property on the Plan. Before the Plan is approved. the Developer agrees to commute and pay the Municipality's share of any charges made under the Drainage Act, the Local Improvement Act and the Alunicipal Act presently servicing this property and assessed against it. 9.2 Securities Prior to registering this Agreement, the Developer shall deposit with the Municipality to cover the faithful performance of the contract for the installation of the services and the payment of all obligations and contingencies arising thereunder the following securities: 17 (a) Cash in the amount of One Hundred Percent (100%) of the estimated cost of all of the Works as set out in Schedule "E" and as approved by the Municipality. or (b) An irrevocable Letter of Credit from a chartered bank. issued in form and content satisfactory to the Municipality's Solicitor, in the amount of One Hundred Percent (100%) of the estimated cost of all Works as set out in Schedule "E" and as approved by the Municipality. or (c) Some combination of cash and Letter of Credit. totaling 100% of the Schedule "E" estimate. (d) Prior to depositing the securities. the Developer's Engineer shall submit an estimate of the cost of the Works to the Municipality's Engineer for approval. When the cost estimate has been approved it will be set out in Schedule "E'' of this Agreement and will become the basis for the limits of these securities. (e) All Letters of Credit shall be for a minimum guaranteed period of one (1) year or such longer time as the Municipality may decide. All Letters of Credit referred to in this Section shall contain the following clause: "It is a condition of the Letter of Credit that it shall be deemed to be outarnatically extended without arnendrnent front year to year front the present or ami filture expiration date thereof, unless at least thirty (3 0) days prior to the present or anv future expiration date, we notifvyoz1 in writing by registered mail that we elect not to consider this Letter of Credit to be renewable for any additional period " (t) Unless each and every Letter of Credit is renewed as noted above. the Municipality shall have the absolute right to refuse to issue building permits and to prohibit occupancy of homes. whether partially or fully completed. from the said date thirt, (30) days prior to the expiration of that Letter of Credit. (g) The amount for securities shall be submitted by the Engineer for the Developer to the Municipality's Engineer for review. The agreed upon security amount shall be inserted in Schedule "E" to this Agreement. The Municipality reserves the right. at anv time. to review the amount of security deposited in light of the value of the work remaining to be completed for any current or subsequent phases of the project and to require an adjustment in the securities. such adjustment to be based upon any anticipated changes to site conditions or construction costs. 9.3 Reduction of Securities An application for the reduction of the secw•ity on deposit with the Municipality pursuant to Section 9.2 herein may be made no earlier than thirty (30) days after the commencement of construction of the Works and every thirty (30) clear days thereafter. (a) To obtain a reduction in security the Developer shall file with the Municipality's Engineer a written application in accordance with Schedule "G" attached hereto. (b) The application shall include written confirmation from the Developer's Engineer: • describing the Works constructed as at the date of the application and a calculation of the cost thereof. • confirming that the Works have been installed by the Developer with full time supervision of the Developer's Engineer and in accordance with the requirements of this Agreement and schedules hereto. • describing the Works remaining to be completed as at the date of the application and a calculation of the estimated cost thereof. (c) The value of the reduction shall be determined by the Municipality's Engineer who shall give a certificate to the Municipality confirming the amount of the reduction of the security and the amount of the security remaining on deposit with the Municipality. 18 (d) The value of the reduction shall be based upon the value of the Works remaining to be completed by the Developer plus ten percent (10%) of the value of the Works completed to the date of the application. (e) Subject to am outstanding deficiencies or contingencies. the Municipality throughout the maintenance period shall hold as security the greater of ten percent (10%) of the estimate of the cost of the Works as set out in Schedule -E- or twenty thousand dollars ($20,000.00). 9.4 Statutory Declaration of Accounts Paid The Developer agrees that upon applying for a discharge of securities or for a Certificate of Preliminary Acceptance for the services. it shall supply the ivtunicipality with a Statutory Declaration that all accounts for work and materials for said services have been paid except normal guarantee holdbacks and that there are no claims for liens or otherwise in connection with such work done or materials supplied for or on behalfofthe Developer in connection with the Development. 9.5 The Construction Lien Act, R.S.O. 1990 c. C.30 The Developer agrees that it Nvill hold back in its payments to any Contractor who may construct the services. such sums as are provided in accordance with the Construction Lien .4ct. R.S.O. 1990. c. C.30. and will otherwise indemnify and save harmless the Municipality against any claims. actions or demands for construction liens or otherwise in connection with the Works and all costs in connection therewith. and on the demands ofthe Municipality's Solicitor shall forthwith take such steps to immediately discharge all Liens upon the services. Notwithstanding anything to the contrary contained in this Agreement, the Developer hereby agrees that the filing of any liens pw-suant to the said Construction Lien Act. a ith respect to the Lands shall constitute a default by the Developer of the terms of this Agreement and shall entitle the Municipality to draw on any or all of the security referred to in Section 9.2 of this Agreement and to utilize said draw to make payment into Court of the holdback together with costs. 9.6 Release Upon application by the developer, the Municipality will review the completion of the developer's obligations under this agreement and if satisfied that all obligations are fulfilled, The Municipality of Kincardine will enact a bylaw to release the developer from the agreement. SECTION 10—SPECIAL PROVISIONS 10.1 The Developer and the Municipality agree that the provisions set forth in the attached 19 SECTION 11 — FINALIZATION OF AGREEMENT 11.1 The Developer and Mortgagee(s), if any, hereby authorize the Municipality to add to Schedule "A" to this Agreement and to all deeds, easements and other documents delivered by the Developer to the Municipality to fulfil the terms of this Agreement. 20 SECTION 12 - SIGNATURES IN WITNESS WHEREOF the parties hereto have affixed their hands and seals attested to by the hands of the proper officer duly authorized on its behalf. Len Arnold Approved �f 2018.08.3013:31:56 -04'00' THE CORPORATION OF THE MUNICIPALITY OF KINCARDINE Chief Administrative Officer - Sharo)CJlambers We have authority to bind the Corporation BRUCE POWER L.P., by its general partner BRUCE POWER INC. Name: Brian Hilbers Title: Chief Legal Officer We have authority to bind the Corporation Developer's Address: 177 Tie Road. RR2 Tiverton. ON NOG 2T0 Developer's Telephone: 519-361-2673 Developer's Facsimile: 519-361-4333 21 SCHEDULE "A" OF AGREEMENT Note: It is understood and agreed that this Schedule forms part of the Municipality's Agreement. DESCRIPTION OF LANDS BEING DEVELOPED PART LOT 16 CONCESSION A KINCARDINE: PARTS 1. 2.3 & 'I 3RIOO42: MUNICIPALITY OF KINCARDINE: being all of PIN 33303-0369(LT) 22 SCHEDULE "B" OF AGREEMENT Note: It is understood and agreed that this Schedule forms part of the Municipality's Agreement. PLAN OF DEVELOPMENT Parts 1, 2. 3 and d on Plan 3R 10042 dated November 22. 2017. as tiled with The Corporation of the Municipality of Kincardine and is available in the offices of the Municipality of Kincardine for review. 23 SCHEDULE "C" OF AGREEMENT Note: It is understood and agreed that this Schedule forms part of the Municipality's Agreement. MUNICIPAL SERVICING GUIDELINES The Draft Municipal SerN icing Guidelines published by the Municipality dated May 8. 2017. shall provide the basis of designing municipal services with the Development. 24 SCHEDULE "D" OF AGREEMENT Note: It is understood and agreed that this Schedule forms part of the Municipality's Agreement. CHECKLIST OF WORKS TO BE CONSTRUCTED I. Site preparation. erosion and sediment control X 2. Roads complete \� ith asphalt paving and curb and gutter X 3. Storm Nater Management Plan. storm sc�� ers and private drain connections X 4. Sanitar}seN%ers and building connections to the lot line h 5. Nater distribution system. booster pumping stations. fire protection and Building connections to the lot line. X 6. Grading and requirements of a site grading plan `i 7. Electrical distribution system and an electrical service X 8. Street lighting X 9. Utilit} obligations — telecommunications X 10, Sidewalks X 11. Topsoil and sod on boulevard from property line to curb X Note: Works Required Denoted by -- X 2s SCHEDULE "E" OF AGREEMENT Note: It is understood and agreed that this Schedule forms part of the Municipalit}'s Agreement. ITENIIZED ESTIMATE OF COSTS OF CONSTRUCTION OF EACH PART OF THE WORKS Item Amount 1.0 Site preparation. erosion control 24.000 2.0 Roads 276.000 3.0 Stormwater management facility, storm sewers 649.000 4.0 Sanitary sewers 109.000 5.0 Nater distribution . booster pumping stations, and appurtenances 298.000 6.0 Electrical/street lighting 97.000 Total Construction Cost - Municipal Works 1.43.000 Allowance for engineering site review and administration 102.000 Subtotal 1.555.000 HST (rounded) 202.000 TOTAL SECURITY S 1,757,000 26 SCHEDULE "F" OF AGREEMENT Note: It is understood and agreed that this Schedule forms part of the Municipality's Agreement, LANDS FOR MUNICIPAL PURPOSES TO BE CONVEYED TO THE MUNICIPALITY • A Block of land for Storm tater Manavement Facilities and a Water Booster Pumping Station. being Part l and Part 4 on Schedule B • A Block of land for road dedication for the extension of Gar} Street. being Part 2 on Schedule B LIST OF EASEMENTS TO BE GRANTED TO THE MUNICIPALITY • None. 27 SCHEDULE "G" OF AGREEMENT Note: It is understood and agreed that this Schedule forms part of the Municipality's Agreement. APPLICATION FOR REDUCTION OF SECURITY To: (Name of Municipality's Engineer). Engineer. of Developer: (Name of Developer) Agreement: (Date ofAareement) Property: (Legal Description of Property) Application No. (Specify number of application) The undersigned. (Name of Developer's Engineer) being the Developer's Engineer. hereby confirms that the Works constructed as at the date of this Application have been installed by the Developer under the full time supervision of the Developer's Engineer and in accordance with the requirements of the Agreement bewcen the Developer and the Municipality. The Works installed to the date hereof and the calculation of the cost thereof are detailed in the schedule attached hereto. Further. the undersigned Developer's Engineer hereb} confirms that the Works remaining to be constructed as at the date of this Application and the calculation of the estimated cost thereof are also detailed in the schedule attached hereto. This Application is given and delivered to the Municipality's Engineer with full knowledge that the Municipality's Engineer and the Municipality will rely upon the information contained herein in granting a reduction of the security held by the Municipality pursuant to Section 9.2 of the said Agreement affecting the above property. DATED at . Ontario this day of . 20 Signature of Developer's Engineer Name of Developer's Engineer SCHEDULE "H" OF AGREEMENT Note: It is understood and agreed that this Schedule forms part of the Municipality's Agreement. SPECIAL PROVISIONS The following special provisions apply to this Agreement: 1. Financial Contributions: a. The Developer — In addition to the construction of all utilities and services as outlined in this agreement on the development site, agrees to fund the following Works to be done on its behalf by the Municipality: i. 50% of the cost of the sidewalk on Philip Place from Gary Street easterly to the nursing home, to a maximum of $12,500, and provided that the sidewalk is completed by the Municipality no later than December 31, 2018, otherwise the Developer's contribution shall be 0%. ii. 100% of the cost of the road widening beyond the normal 8.5 m. for turning lanes on Gary Street.., up to a maximum of $15,000. iii. 100% of the cost of the Multi -use trail to be constructed on the westerly side of Gary St. from Sutton to the north Iimit-, to a maximum of $30,000. iv. 100% of the cost of enhanced painting and signs for the pedestrian crossing on Gary Street on the north side of the Philp Place intersection..., to a maximum of $5,000. v. Billing for the above Works will be provided by the Municipality upon completion of the items. b. The Developer, as part of its landscaping contract for the development of its site will plant trees along the boulevard of Gary Street of species and in locations to the satisfaction of the Director of Public Works. c. The Municipality — will be responsible for the following Works: Reconstruction of Gary Street to an urban cross section to the standard 8.5 m width. The islands will be removed. Construction of water distribution and sanitary sewer collection services off site to the north end of Gary Street for connection by the Developer. iii. A sidewalk along the entire length of the easterly Gary street right of way from Sutton Street to the southern limits of Gary Street. 2. As required in Schedule "F" of this agreement the Developer is required to convey the lands for the Gary Street extension and for the Stormwater Management and Booster Pumping Station site. Such conveyance shall be completed: a. Prior to commission of the water distribution system, and b. Prior to occupancy of the proposed building. The Municipality shall operate the water distribution system upon commissioning