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2011-169 Subdivision Agreement Horseshoe Valley Lands Ltdw1eing a By-law to Authorize of a Subdivision Agreement betwee Limited the Corporation of the Township of Oro-Medonte and Horseshoe Valley Land WHEREAS, Section 51, Subsection (26) of the Planning Act, R.S.O. 1990, Chapter P. 13, as amended, provides that municipalities may enter into agreements imposed as a condition to the approval of a plan of subdivision and such agreements may be registered against the land to which the subdivision plan applies being Part of Lot 3, Concession 4, Geographic Township of Oro, Township of Oro - Medonte, County of Simcoe, SIT Easement over Part 1, Plan 51R-32020 as set out in LT522875 over the whole of Blocks 17 and 18 and Part of Landscape Drive; SIT Easement over Part 2, Plan 51R-31902 as set out in SC108651 over Part Lot 9, Part Blocks 21 and 22 and Part of Landscape Drive, Being Part of PIN # 74055 -0123 (LT), (known as the Horseshoe Valley Lands — Landscapes Phase 2 Subdivision), Township of Oro - Medonte, County of Simcoe; NOW THEREFORE the Council of the Corporation of the Township of Oro - Medonte hereby enacts as follows: THAT the Mayor and Clerk are hereby authorized to execute, on behalf of the Township of Oro - Medonte, a Subdivision Agreement, a copy of which is attached hereto and forms part of this By -law as Schedule "A "; 2. THAT the Subdivision Agreement, a copy of which is attached hereto and forms part of this By -law as Schedule "A ", be registered on title against the lands described therein; 3. THAT the Township of Oro - Medonte shall be entitled to enforce the provisions of the Subdivision Agreement against the owners and any and all subsequent owners of the land; 4. THAT this By -Law shall come into effect upon the date of passage hereof, subject to the provisions of the Planning Act, as amended. BY-LAW READ A FIRST, SECOND AND THIRD TIME, AND PASSED THIS 2 ND DAY OF •; VIM M •LC.C71W'[LL T( hip of Proud Heritage, Exciting Future SUBDIVISION AGREEMENT - between - HORSESHOE VALLEY LANDS LIMITED - and - THE CORPORATION OF THE TOWNSHIP OF ORO- MEDONTE - and - ROMSPEN INVESTMENT CORPORATION DESCRIPTION OF LANDS Part of Lot 3, Concession 4 (Geographic Township of Oro) S/T Easement over Part 1, Plan 51 R -32020 as set out in LT522875 over the whole of Blocks 17 and 18 and Part of Landscape Drive; SIT Easement over Part 2, Plan 51 R -31902 as set out in SC108651 over Part Lot 9, Part Blocks 21 and 22 and part of Landscape Drive Being Part of PIN # 74055 -0123 (LT) TOWNSHIP OF ORO- MEDONTE COUNTY OF SIMCOE November 2, 2011 By -Law No. 2011 -169 TOWNSHIP OF ORO- MEDONTE SUBDIVISION AGREEMENT TABLE OF CONTENTS Part 1 General Requirements Part 2 The Lands, Plans and Representations Part 3 Requirements Prior to Execution of Agreement Part 4 Pre - Construction Requirements Part 5 Financial Requirements Part 6 Staging or Phasing Part 7 Construction Requirements Part 8 Building Permits and Occupancy Part 9 Maintenance and Acceptance Part 10 Default Provisions SCHEDULES Schedule "A" - Description of Lands Affected by this Agreement Schedule "B" - Plan of Subdivision Schedule "C" - Works to be Constructed Schedule "D" - Itemized Estimate of Cost of Construction of Each Part of the Works Schedule "E" - List of Lots Requiring Special Attention Schedule "F" - Development Charges Schedule "G" - Deeds and Easements to be Conveyed Schedule "H" - Parkland Schedule "I" - Declaration of Progress and Completion Schedule "J" - General Location and Lot Grading Plans Schedule "K" - Standard Township Letter of Credit TOWNSHIP OF ORO- MEDONTE THIS AGREEMENT made as of the 2nd day of November, 2011. BETWEEN: HORSESHOE VALLEY LANDS LIMITED (hereinafter called the "Developer ") OF THE FIRST PART AND: THE CORPORATION OF THE TOWNSHIP OF ORO- MEDONTE (hereinafter called the "Township ") OF THE SECOND PART AND: ROMSPEN INVESTMENT CORPORATION (hereinafter called the "Mortgagee ") OF THE THIRD PART WHEREAS the lands affected by this Agreement are the lands described in Schedule "A" hereto annexed, and are also shown on the Plan of Subdivision attached to and forming part of this Agreement as Schedule "B" and collectively are herein referred to as the "said lands "; AND WHEREAS a Draft Plan with Conditions (43 -OM- 20001) has been issued for the proposed subdivision, which requires that the Developer must satisfy all the requirements, financial and otherwise, of the Township, including the provisions of certain Municipal Services; NOW THEREFORE THIS AGREEMENT WITNESSETH that in consideration of the premises and for other good and valuable consideration and the sum of TWO DOLLARS ($2.00) of lawful money of Canada now paid by the Township to the Developer (the receipt whereof is hereby acknowledged), THE DEVELOPER AND THE TOWNSHIP HEREBY COVENANT AND AGREE WITH ONE ANOTHER AS FOLLOWS: PART -1 GENERAL REQUIREMENTS 1.1 DEVELOPER'S CONSULTING ENGINEERS The Developer shall employ Engineers registered and in good standing with the Association of Professional Engineers of Ontario: 1.1.1 To prepare designs in accordance with the Township of Oro - Medonte Engineering Standards and Drawings (dated October, 1997). 1.1.2 To prepare and furnish all required drawings and specifications. 1.1.3 To prepare the necessary contract(s) and provide contract administration. 1.1.4 To obtain the necessary approvals in conjunction with the Township, from the Township of Oro - Medonte sewage approval authority, Simcoe County District School Board and Simcoe Muskoka Catholic District School Board, and utility companies, or as a result of legislative or procedural change, the Ministries shall be deemed to be the Ministry of Municipal Affairs and Housing, as well as the Council of the Township of Oro - Medonte or the Chief Building Official. This will also pertain to Sections 2.4.3, 3.1.11, 8.1 and 8.2. 1.1.5 To act as the Developer's representative in all matters pertaining to the subdivision. 1.1.6 To provide co- ordination in scheduling to comply with the timing provisions of this Agreement and the requirements of the Township Engineer, for all the work specified in this Agreement. 1.1.7 To provide supervision during construction of all the services. 1.1.8 To ensure that the work involved in construction of the services is carried out by construction methods conforming to acceptable engineering practice. 1.1.9 To maintain records of construction which shall be available for inspection or copy by the Township. 1.1.10 To prepare final "as constructed" Mylar drawings which will include the following with regard to provision of a digital Plan of Subdivision: Completed digital Plan of Subdivisions must be in AutoCAD 14 drawing format or DXF and be delivered on a CD Rom or DVD. Two copies of each Plan of Subdivision are required on separate CD Roms or DVDs. Each CD Rom or DVD must be labeled identifying the legal property description, developer's name, file name, and date delivered. PKZIP Release 2.04G or higher may be used to perform file compression if required. M It is the Developer's responsibility to ensure that all drawing changes occurring throughout the approval process are incorporated into the digital submission. All line data depicting property boundaries must be mathematically closed to form polygons. The lines, which describe the boundary of all properties created within the Plan of Subdivision, will be isolated on a unique layer /level. In certain cases, some of the line segments will coincide with the location of concession lot lines, registered plan data, open roads, rivers, and lakes. PLAN OF SUB layer /level will outline the property boundaries in the form of enclosed polygons. LAYER/LEVEL PLAN OF SUB LINE TYPE CONTINUOUS COLOUR YELLOW (2) The text, which describes the property lot numbers for the Plan of Subdivision, will be isolated on a unique layer /level. The lot number will be inserted as descriptive text. LAYER/LEVEL PL LT TEXT FONT MONOTEXT COLOUR YELLOW (2) The digital files should contain enough site data as to allow for horizontal and vertical positioning within the existing base mapping. A minimum of two road intersections located outside the Plan of Subdivision must be shown in the drawing. It is not necessary that the digital data be in Universal Transverse Mercator (UTM) co- ordinates since the registration process will automatically convert any unit grid to the "Ontario Base Mapping UTM Co- ordinate System ". 1.1.11 To furnish the Township with a certificate with respect to each lot or building block for which a Building Permit application is made, certifying that the proposed construction is in conformity with the General Location and Lot Grading Plan or with an approved variation; (NOTE: That a Professional Engineer could also be retained to provide the afore - mentioned and any cost incurred by the Township will be the responsibility of the Developer or individual lot owner). 1.1.12 To prepare and provide the Township, for each lot or block within the plan, a certificate of final grade elevation, indicating that the property has been developed in conformity with the General Location and Lot Grading Plan or with an approved variation (NOTE: That a Professional Engineer could also be retained to provide the afore - mentioned and any costs incurred by the Township will be the responsibility of the Developer or individual lot owner). NOTE: In the case of lots built on after the sale or transfer by the Developer, the Township reserves the right to request a similar certificate as required under 1.1.11 and 1.1.12, but it may be provided by a Professional Engineer, other than the Developer's Consulting Engineer. If the Township has their Engineer prepare the Certificate, the cost of the work will be deducted from the final occupancy and lot grading deposit and will become the responsibility of the individual lot owner. 1.2 LEGAL NOTICE TO DEVELOPER Any notice required to be given hereunder may be given by registered mail addressed to the Developer at his principal place of business and shall be effective as of the date of the deposit thereof in the post office, as follows: Horseshoe Valley Lands Limited 1101 Horseshoe Valley Road Comp # 50 Barrie, Ontario L4M 4Y8 Or by Facsimile Transmission to: (705) 835 -6743 In which case, notice shall be effective as of the time and date of successful transmission thereof. The Developer shall be responsible for notifying the Township Clerk, in writing, of any change(s) in his principal place of business. Mortgagee Information: Romspen Investment Corporation c/o Bonnie Bowerman, Vice - President 162 Cumberland Street Toronto, Ontario M5R 3N5 Tel: (416) 928 -5114 Fax: (416) 966 -1161 Genia lonova Senior Mortgage Analyst Tel: (416) 928 -5109 Fax: (416) 966 -1161 1.3 REGISTRATION The Developer consents to the registration of the Subdivision Agreement by the Township and at the sole discretion of the Township upon the title of the lands, the registration expenses shall be included as a legal expense to the Developer. 1.4 VOIDING AGREEMENT In the event that the Plan is not registered within one year from the date of signing this Agreement, the Township may, at its option, declare this Agreement to be null and void. 1.5 MORTGAGEE BECOMING DEVELOPER The mortgagee(s) hereby agrees that in the event of him /they becoming the Developer(s) of the lands under his /their mortgage by way of foreclosure, purchase or otherwise, either beneficially or in trust, then the mortgage(s) shall be deemed to be postponed to this Agreement and any lands registered in the name of the Township shall be free of the mortgage(s), and the mortgagee(s) agrees to register a discharge of the mortgage(s) on those lands if called upon by the Township, to do so, and he /they shall be subject to the terms of the Agreement as though he /they had executed this Agreement in the capacity of the Developer. 1.6 ASSIGNMENT OR TRANSFER OF MORTGAGE The mortgagee(s) agrees that in the event of him assigning or transferring the mortgage(s) on the lands, the assignment(s) or transfer(s) shall be subject to the terms hereof, in the same manner as if the assignee or transferor has executed this Agreement. 1.7 LANDS FOR MUNICIPAL PURPOSES The Developer agrees to grant good title in fee simple free and clear from all encumbrances unto the Township, lands for municipal purposes other than roads, which shall be mutually agreed upon by the Developer and the Township or to make a cash payment in lieu thereof, as provided by Section 51.1 of the Planning Act, R.S.O. 1990, c.P.13 and required by the Township of Oro- Medonte. The Developer also agrees to certify good title to lands by the Developer's solicitor. The deeds for the said lands are to be approved by the Township's Solicitor and thereafter, forthwith, registered and deposited with the Township Clerk. The Developer shall pay the cost for preparation and registration of the said deed. The Developer shall provide to the Township's solicitor, certification of good title, free and clear from all encumbrances. 1.8 EASEMENTS The Developer agrees to grant, at his expense, all such easements and rights -of -ways as may be required for the installation and supply of services to the subdivision and to deed lands to the Township, as set out in Schedule "G ". The Developer also agrees to certify good title to easements and right -of -ways by the Developer's solicitor. Prior to executing this Agreement, all known easements shall be filed with the Township in a form approved by the Township's solicitor. A list of easements and rights -of -way shall be set out in Schedule "G" of this Agreement. The Township agrees to transfer easement(s) on lands it owns following the registration of this subdivision plan to the authority requiring the easement(s). All cost of the above noted registration to be borne by the Developer. 1.9 HYDRO AND TELEPHONE Prior to the Township releasing this proposed Plan for registration, the Developer shall provide the Township with a letter from the electricity supplier and from the telephone supplier, stating that the Developer has entered into a satisfactory arrangements with them with respect to the costs of installing underground wiring and financial contributions in this regard. 7 The cost of any relocations or revisions to existing private companies' plant and equipment, which are necessary to accommodate this subdivision, shall be borne by the Developer. 1.10 SIMCOE COUNTY BOARDS OF EDUCATION WARNING That the Developer agrees to include in all offers of purchase and sale, a statement that advises the prospective purchaser that the public and catholic schools on designated sites in the community are not guaranteed. Attendance at schools yet to be constructed in the area is also not guaranteed. Pupils may be accommodated in temporary facilities and /or be directed to schools outside of the area. That the Developer agrees to include in all offers of purchase and sale a statement which advises the prospective purchaser that school busses will not enter cul de sacs and that pick up points will generally be located on through streets, suitable to the Board. Additional pick -up points will not be located within the subdivision until major construction activity has been completed. 1.11 CANADA POST The Developer agrees to construct mailbox laybys as detailed on the engineering drawings as per Section 2.4.2 (Plans and Specifications), a site, if required, to the specifications and standards of Canada Post and the Township, as required for the construction of mailboxes by Canada Post. 1.12 MINISTRY OF THE ENVIRONMENT The Developer and each individual lot owner, acknowledges that the waste treatment facility and sewers are privately owned and operated and not under the control of the Township. 1.13 RESPONSIBILITY AGREEMENT The Developer acknowledges that there is an agreement between the Township of Oro - Medonte and American Water Services Canada Corp. (By -law 2008 -097) in regards to the ownership, financing, construction, operation, maintenance, and repair of certain sewer and waste treatment facilities which service this development. 1.14 WARNING TO PROSPECTIVE LOT DEVELOPERS The Developer shall provide copies of Clauses 1.1.11, 1.1.12 and Note 1. 1, 1. 8, 1.10, 1.11, 1.12, 1.13, 5.5, 5.7.2, 7.3, 7.10, 7.17, 8.1, 8.1.1, 8.2, 8.3, 8.4, 8.5, 9.8 and Schedules "E" and "F", to each prospective purchaser of a lot(s). 1.15 SAVE HARMLESS The Developer covenants and agrees with the Township, on behalf of itself, its successors and assigns, to indemnify and save harmless the Township, its servants and agents from and against any and all actions, suits, claims and demands whatsoever, which may arise either directly or indirectly by reason of any work performed by the provisions of this Agreement. The Developer further covenants and agrees to release and forever discharge the Township from and against all claims, demands, causes of actions, of every nature and type whatsoever that may arise either as a result of the failure of the Township to carry out any of its obligations under this Agreement, or, as a result of the Township performing any municipal work on the said lands or the adjacent properties which may damage or interfere with the works of the Developer, provided that such default, failure or neglect was not caused as a result of negligence on the part of the Township, its servants or agents. 1.16 ENUREMENT This Agreement shall enure to the benefit of and be binding upon the parties and their heirs, executors, administrators, successors and assigns. 9 2.1 2.2 2.3 2.4 PART -2 THE LANDS, PLANS AND REPRESENTATIONS SCOPE OF AGREEMENT DESCRIPTION OF LANDS The lands affected by this Agreement are the lands described in Schedule "A" hereto. PLAN REFERENCE For the purpose of this Agreement, references are made to the Plan of Subdivision, attached hereto, as Schedule "B ". Any further changes in the said Plan, or any changes in the Conditions of Draft Approval, may necessitate a change in the provisions of this Agreement. CONFORMITY WITH AGREEMENT The Developer agrees to satisfy all the requirements, financial and otherwise, of the Township concerning the provision of roads; the installation of services and drainage. The Developer covenants and agrees that no work shall be performed on the said lands except in conformity with: 2.4.1 The provisions of this Agreement, including the Schedules hereinafter referred to. 2.4.2 The Plans and Specifications submitted to and accepted by the Township as being within its design criteria including, without limiting the generality of the foregoing, the Drawings listed in Schedule "C" of this Agreement, along with the Final Functional Servicing Report January 2011 prepared by Pearson — McCuaig Engineering Ltd.; and stamped "Accepted for Construction" by the Township Engineer on August 30, 2011. Description Drawing No. LIST OF DRAWINGS PEARSON — McCUAIG ENGINEERING LTD. TITLE PAGE M -PLAN 51 M- Notes and Details Notes and Details ND -1 Notes and Details ND -2 General Servicing Plans General Servicing Plan GS -1 Erosion Control Plan Erosion Control Plan EP -1 Storm Drainage Plan Storm Drainage Plan STM -1 10 2.5 W 2.7 Sanitary Drainage Plan Sanitary Drainage Plan SAN -1 Plan Profile Plan Profile — Landscape Dr. PP -1 Plan Profile - Storm Easement PP -2 Lot Grading Plan Lot Grading Plan LG -1 2.4.3 All Plans and Specifications submitted to and accepted by: 2.4.3.1 Ministry of the Environment 2.4.3.2 Electrical Distribution Utility 2.4.3.3 Township of Oro - Medonte 2.4.3.4 Nottawasaga Valley Conservation Authority 2.4.3.5 Ministry of Citizenship, Culture and Recreation 2.4.4 All applicable Township By -Laws, including any applicable Site Plan Control By -Laws. 2.4.5 All applicable Provincial and Federal Legislation and also including the Federal Fisheries Act. RELIANCE UPON REPRESENTATIONS The Developer acknowledges that: 2.5.1 It has made representation to the Township that it will complete all Municipal and other works required herein, in accordance with the Plans filed and accepted by the Township and others, and; 2.5.2 The Township has entered into this Agreement in reliance upon those representations. SCHEDULES ATTACHED The following Schedules are attached to and form part of this Agreement: Schedule "A" - Description of Lands Affected by this Agreement Schedule "B" - Plan of Subdivision Schedule "C" - Works to be Constructed Schedule "D" - Itemized Estimate of Cost of Construction of Each Part of the Works for Phase 1 Schedule "E" - List of Lots Requiring Special Attention Schedule "F" - Development Charges Schedule "G" - Deeds and Easements to be Conveyed Schedule "H" - Parkland Schedule "I" - Declaration of Progress and Completion Schedule "J" - General Location and Lot Grading Plans Schedule "K" - Standard Township Letter of Credit SUBDIVISION CHANGES There shall be no changes in the Schedules attached hereto, or in any Plan accepted by the Township or others, unless such proposed changes have been submitted to, and approved by, the Township and the Township Engineer. 11 PART - 3 REQUIREMENTS PRIOR TO EXECUTION OF AGREEMENT 3.1 Prior to the execution of this Subdivision Agreement by the Township, the Developer shall: 3.1.1 Taxes -have paid all Township tax bills issued and outstanding against the said lands. 3.1.2 Deeds and Easements - have delivered to the Township all transfers /deeds, discharges and easements or other documents required by Schedule "G ", as well as Certification from the Developer's solicitor that the Transfer /Deeds and Easements shall provide the Township with good title, free and clear from all encumbrances. 3.1.3 Postponement Mortgage /Charge - file with the Township solicitor, for his approval, a postponement of Mortgage /Charge document. 3.1.4 Cash Deposits, Development Charges and Security - have paid to the Township all cash deposits, development charges and security required by Schedules "D" and "F". 3.1.5 Construction /Engineering Plans and Specifications - have supplied to the Township, those Plans and Specifications necessary to identify the construction /engineering aspects of the proposed development, and have received from the Township an acknowledgment of conformity with general design concepts of the Township. 3.1.6 Electricity - have supplied to the Township for approval, those plans necessary to identify the electrical distribution system, lighting requirements, and power supply to each lot or building or unit, as the case may be, and these are to be to the required Township standards, which includes underground wiring. 3.1.7 Insurance Certificate - file with the Township Clerk, an insurance certificate confirming those coverages specifically set out hereafter. 3.1.8 Consulting Engineer's Letter - ensure that each Consulting Engineer (who must be experienced in the field of Municipal Services) for the Developer, file with the Township, a letter confirming the terms of his retainer, and which letter shall be in draft format supplied by the Township. 3.1.9 Utilities and Canada Post Confirmation - arrange for the Electrical Distribution Utility, Bell Telephone, the Natural Gas Utility, and Canada Post, to write a letter to the Township Clerk confirming that: 3.1.9.1 They have been informed of the project and have seen the development plans. 3.1.9.2 Satisfactory arrangements have been made with them for servicing the subdivision without expense or obligation on the part of the Township. 3.1.9.3 Easement requirements, if any. 12 3.1.10 Land Ownership- be the registered owner in fee simple of the lands described in Schedule "A" and that there will be no encumbrances registered against the said lands. 3.1.11 Approvals - obtain and file with the Township, confirmation approvals from the following: 3.1.11.1 Ministry of the Environment 3.1.11.2 Electrical Distribution Utility 3.1.11.3 Township of Oro - Medonte 3.1.11.4 Simcoe County District School Board 3.1.11.5 Simcoe Muskoka Catholic District School Board 3.1.12 Lot Sizes - file with the Township, a certificate from an Ontario Land Surveyor confirming that the frontage and area of each lot meets the minimum requirements of the Township Zoning By -law. 3.1.13 Community Mail Boxes - file with the Township, a Plan showing the location of, and access to, community mail boxes. 3.1.14 Mylars - provide for registration, Mylars of all Plans incorporated into this Agreement as Schedules. 3.1.15 Fire Chief Approval - obtain an approval from the Fire Chief of the Township confirming and approving of the proposed plans for fire protection, and specifying any hydrants, or other equipment, or appurtenances required. 13 PART -4 PRE - CONSTRUCTION REQUIREMENTS 4.1 Prior to starting construction of the subdivision works, the Developer shall: 4.1.0 Pre - servicing Obtain a pre - servicing agreement, if necessary, prior to registration. 4.1.1 Plan Registration Obtain final approval of the Plan from the Township of Oro - Medonte and obtain registration of the Plan. 4.1.2 Approval of Plans The Developer and the Engineers employed by him shall have the plans and specifications for the works approved by the Township Engineer prior to construction and the originals must be stamped as accepted by the Township Engineer. Submit and obtain the Township Engineer's approval of the following, all to be in accordance with the Township's approved Engineering Standards: i) the drainage plan; ii) the lot grading plan; the service layout plan for Electrical, Telephone and Gas; iv) the road, watermain and sewer plans and profiles; vi) landscape plans. 4.1.3 Certificate of Approval Submit to the Township, the Ministry of the Environment's Certificate of Approval for Storm Sewer Works (8456- 8M5PGU) and Waterworks (6141- 8JXJJY). 4.1.4 Contractor The said services shall be installed by a contractor or contractors retained by the Developer and approved, in writing, by the Township Engineer. The Township and Township Engineer are to be provided with the names and phone numbers of personnel responsible for the works, including emergency phone numbers. 4.1.5 Scheduling of Works Prior to the start of construction, the Developer shall supply for the Township Engineers, approval of a Schedule of Works, setting out the order in which he considers the various sections of the works within the Plan will be built. The Township Engineer may amend this Schedule and the Developer shall 14 construct, install or perform the works as the Township Engineer, from time to time, may direct. In any event the Schedule, or amended Schedule, as the case may be, shall conform to the requirements of Clause 4.1.9. 4.1.6 Stormwater Management A stormwater management report shall be prepared by the Developer's Engineer for approval by the Township Engineer and the Nottawasaga Valley Conservation Authority which details the means whereby stormwater drainage will be accommodated and how erosion and siltation will be contained on site both during and following construction. This report must deal with post development stormwater quality and shall conform to Ministry of Environment/Ministry of Natural Resources Interim Stormwater Quality Guidelines. 4.1.7 Erosion and Siltation Control The Developer must take all necessary precautions to prevent erosion and sedimentation of sewers, ditches, culverts, slopes, etc., both within the subdivision and downstream prior to and during construction and upon completion of servicing of the subdivision. Failing adequate precautions being taken, the Developer shall be responsible for correcting any damage and paying all maintenance costs resulting there from. A Storm Drainage and Siltation Control Plan shall be prepared by the Developer's Engineer for approval by the Township Engineer and the Nottawasaga Valley Conservation Authority. Prior to any grading or construction commencing on the site or final approval and registration of the subdivision, the Developer's Engineer shall submit the Plan for approval by the Township Engineer and the Nottawasaga Valley Conservation Authority. The Plan shall detail the means whereby erosion and siltation and their effects will be minimized on the site during and after the construction period. The Plan must deal with post development stormwater quality and shall conform to the Ministry of Environment/Ministry of Natural Resources Interim Stormwater Quality Guidelines. The Developer agrees to carry out, or cause to be carried out, the work approved in the Plan, and such work will be certified, in writing, by the Developer's Engineer and provided to the Township Engineer and the Nottawasaga Valley Conservation Authority. The Developer agrees to maintain all erosion and siltation control devices in good repair during construction. 4.1.8 S p Signs at least 1.2 metres by 1.8 metres shall be provided and erected by the Developer at each entrance to the subdivision, at a location approved by the Township Engineer, and the signs shall read as follows: "ROADS NOT ASSUMED BY TOWNSHIP - USE AT YOUR OWN RISK" The signs shall be painted either orange or yellow with black lettering. These signs shall be installed prior to the commencement of construction and be removed after the issuance of the Certificate of Substantial Completion and Acceptance (Aboveground Services). 15 4.1.9 Notification of Commencement and Completion The Developer shall not commence the construction of any of the works until the Developer has provided forty -eight (48) hours written notice to the Township Engineer, of his intent to commence work. The Developer shall complete the works expeditiously and continuously for the first phase and all underground services shall be installed within one year of the day of registration of this Agreement, and all aboveground services shall be installed in accordance with the Declaration of Progress and Completion, as required under Clause 7.12 of this Agreement, but no longer than two years from the date of registration of this Agreement, unless extended by the Township Engineer. Subsequent phases shall be completed within a one (1) year time frame for underground services and two (2) years for aboveground services from date of commencement. Should for any reason there be a cessation or interruption of construction, the Developer shall provide forty -eight (48) hours written notice to the Township Engineer before work is resumed; If the municipal services to be constructed by the Developer under this Agreement are not completed and accepted by the Township within the above time frame, the Township may either; Give notice to the Developer to stop work on the said municipal services and to provide that no further work shall be done with respect to such services, until an amending Agreement, incorporating the standards, specifications and financial requirements of the Township, in effect as of that date, is executed by all parties; or Give notice to the Developer to stop work on the municipal services and inform the Developer that the Township proposes to realize on its security and proceed with the completion of construction in accordance with the provisions of the Plans filed with the Township. 4.2 BREACH OF AGREEMENT If the Developer commences or causes construction of the works prior to satisfying the requirement of this Agreement, it shall be subject to the penalties identified in Part 10. 16 PART -5 FINANCIAL REQUIREMENTS 5.1 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" unless specifically stated otherwise. 5.2 TOWNSHIP'S LEGAL, PLANNING AND ENGINEERING COSTS The Developer agrees to pay to the Township, the cost of the Township's lawyer and Planner for all costs involved in processing the subdivision and of the Township's Engineer for checking of plans and specifications and inspection on behalf of the Township. The inspection by the Township will depend on the type of construction and the amount provided will be deemed necessary by the Township. In this regard, the Developer agrees to pay to the Township, the sum of TEN THOUSAND DOLLARS ($10,000.00) upon submitting a Plan to the Township for consideration to be applied to account of such costs. As accounts are received from the Township Planner, lawyer and Engineer, they will be paid by the Township and then submitted to the Developer for reimbursement within thirty (30) days, so that the initial deposit will again be built up to enable the Township to pay the next accounts as they are received. In the event that the deposit is drawn down to a level of FIVE THOUSAND DOLLARS ($5,000.00), or less, and the Developer does not pay the accounts within thirty (30) days, it is hereby understood and agreed that the Developer would be in default of this Agreement and the Township may, without notice, invoke default provisions as set out in this Agreement. 5.3 DEVELOPER'S LIABILITIES Until the Township has issued the Certificate of Maintenance and Final Acceptance for the works, the Developer shall indemnify the Township 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 Plan, and the Township shall not be deemed to be the Developer. 5.4 UTILITY COSTS AND CHARGES The Developer shall deal directly with all Utility companies. He or his Consulting Engineer shall obtain all approvals and permits and pay all fees and utility charges directly to the Utility until the Certificate of Maintenance and Final Acceptance (Underground Services) are issued. If an additional electrical service is required for Township purposes, the Developer shall include the cost of installation and maintenance of the service. 5.5 DEVELOPMENT CHARGES, REAL PROPERTY TAXES AND OTHER LEVIES AND IMPOSTS a) Development charges and education development charges shall be payable on a per -lot basis prior to the issuance of the first Building Permit with respect to the particular lot. The Developer agrees to pay for all arrears of taxes or other Township or provincial charges, taxes or levies outstanding against the property herein described before the approval of the said Plan is obtained. The Developer further undertakes and 17 agrees to pay 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 subdivided have been assessed and entered on the Collector's Roll according to the Registered Plan. c) Before the Plan is approved, the Developer agrees to commute and pay the Township's share of any charges made under the Drainage Act and the Municipal Act, 2001, S.O. 2001, c.25 at present serving this property and assessed against it. These charges are set out in Schedule "F" of this Agreement. NOTE: In addition to the Municipal Development Charges, the lots may be subject to Simcoe County development charges, Simcoe County Boards of Education development charges and applicable development charges of any Public Utility. 5.6 SECURITIES Prior to signing the Subdivision Agreement, the Developer will deposit with the Treasurer of the Township to cover the faithful performance of the contract for the installation of the said services and the payment of all obligations arising thereunder, the following securities: a) Cash in the amount of one - hundred percent (100 %) of the estimated cost of the said work as approved by the Township Engineer and Township Council, or: b) An irrevocable Letter of Credit from a Chartered Bank, issued in accordance with the requirements of Schedule "L" with an automatic renewal clause, in the amount of one hundred percent (100 %) of the estimated costs of the said works, as set out in Schedule "D" and as approved by the Township Engineer. The Letter of Credit shall be for a minimum guaranteed period of one (1) year, or such time as the Township decides, and shall be renewed automatically, as necessary, three (3) months prior to expiration. Unless the Letter of Credit is renewed as noted above, the Township 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, three (3) months prior to the expiration of the Letter of Credit, or the Township may cash the Letter of Credit until a satisfactory Letter(s) of Credit is received by the Township. c) Notwithstanding the provisions of subparagraphs (a) and (b) above, the estimated cost of the works, as set out in Schedule "D ", will be reviewed and updated by the Township Engineer on each anniversary of the date of execution of this Agreement. In the event of an increase, the Developer shall provide additional security, as required by the Township Engineer, within thirty (30) days of notice, by registered mail, from the Township Engineer. In the event that the Developer fails to deliver to the Township the additional security as required by the Township Engineer, it is hereby understood and agreed that the Developer be deemed to be in default of this Agreement and the Township may, without notice, invoke default provisions as set out in this Agreement. The Township reserves the right to accept or reject any of these alternative methods of providing securities. Prior to depositing the securities, the Developer's Engineer shall submit an 18 estimate of the cost of the works to the Township Engineer for approval. When the cost estimate has been approved, it will be set out in Schedule "D" of this Agreement and will become the basis for the limits of the securities. In the event that the tendered contract price for the Township services set out in Schedule "D" is greater by 10% than the estimates in the said Schedules, then the security provided for above shall be increased to an amount equal to the tendered contract price. d) Application — any Letter of Credit or security filed with the Township is based upon the estimated cost of completing the various matters prescribed by this Agreement. However, all Letters of Credit and security received by the Township may be used as security for any item or any other matter, which under the terms of this Agreement, is the responsibility of the Developer, including, without limiting the generality of the foregoing, payment of Engineering, legal, Planning, and Development Charges, or other costs incurred by the Township, which are the responsibility of the Developer under the terms of this Subdivision Agreement, as well as development charges and costs to acquire lands or interest therein. e) Default — if, in the event of default of the Developer under any of the provisions of this Agreement, it becomes necessary for the Township to realize on its security or deposits, then the Township (its servants, agents or sub - contractors) shall, if the Township so elects, have the right and privilege at all times to enter upon the said lands for the purpose of repairing or completing any work or services required to be completed by the Developer under this Agreement. f) Exceeding Cost Estimates — if the costs of completing such work or service exceeds the amount of security held by the Township, such excess shall be paid by the Developer to the Township, thirty (30) days after invoicing by the Township. All overdue accounts shall bear interest at the rate of 12% per annum. g) Save Harmless — the Developer, on behalf of itself, its successors and assigns, agrees to indemnify and save harmless the Township from and against any and all claims, suits, actions and demands whatsoever which may arise either directly or indirectly by reason of any work or service performed by the Township, its servants or sub - contractors in order to complete the work or services required to be completed under this Agreement, provided the subject matter of such action, suits, claims or demands was not caused intentionally or through gross negligence on the part of the Township, its servants or agents or sub - contractors. h) Construction Lien Act — if the Township becomes obligated to make any payments, or pay any costs under the provisions of Section 17(4) of the Construction Lien Act, this will constitute a default and entitle the Township to realize upon its security. i) Surplus Funds — in the event that the Township cashes a Letter of Credit to complete Township services or satisfy any obligations under this Agreement, any surplus monies that remain after this work is completed shall, upon full compliance by the Developer with the terms of this Agreement, be returned to the issuing financial institution for transmission to that party that took out the original Letter of Credit. 19 5.7 DISCHARGE OF SECURITIES 5.7.1 Estimated Cost of Works - after the completion of fifty percent (50 %) of the services based on the total estimated cost of works in the subdivision or in an approved stage of the subdivision, and provided the Developer is in compliance with all aspects of the Subdivision Agreement, the Developer shall, as the work further proceeds to completion, have the privilege, on application to the Township and upon certification of the Township Engineer, of obtaining reductions of the cash or Letter of Credit deposited for the installation of the services, in increments of not less than ten percent (10 %). Upon application for reduction of the securities, the Developer's Engineer shall provide an estimate of the cost to complete the work. This amount, when approved by the Township Engineer, shall be retained along with twenty percent (20 %) of the completed work estimate and the remainder released. A further ten percent (10 %) of the completed work estimate will be released upon satisfactory assurance to the Township that there are no liens pursuant to the Construction Lien Act affecting lands conveyed or to be conveyed to the Township within the Plan of Subdivision, pursuant to the terms of this Subdivision Agreement. 5.7.2 Final Occupancy and Lot Grading Deposit - the Developer or Individual Lot Owner shall deposit with the Township, the required Final Occupancy and Lot Grading Deposit at a rate applicable at the time of the issuance of Building Permits. Upon certification of final grade elevations indicating that the property has been developed in conformity with the General Location and Lot Grading Plan by a Professional Engineer registered with the Association of Professional Engineers of Ontario and approved by the Township Engineer, the balance of the deposit shall be returned. 5.8 STATUTORY DECLARATION OF ACCOUNTS PAID The Developer agrees that upon applying for a Discharge of Securities or for a Certificate of Substantial Completion and Acceptance, or for a Certificate of Maintenance and Final Acceptance for the services within the subdivision, or upon applying for prior acceptance of the underground services, he shall supply the Township with a Statutory Declaration that all accounts for work and materials for said services have been paid and that the Construction Lien Act has been complied with and that no liens thereunder have or can be registered, except normal guarantee holdbacks, and that there are or will be no claims for liens or otherwise in connection with such work done or materials supplied for or on behalf of the Developer in connection with the subdivision. 5.9 PLEDGE OF TITLE TO LANDS The Developer hereby charges and pledges as security for all costs, charges, expenses or obligations of the Developer under the provisions of this Subdivision Agreement all of its right, title and interest in the said lands, and consents to the registration of this Subdivision Agreement against title to the said lands. 5.10 INSURANCE CERTIFICATE AND POLICY 5.10.1 Policy of Insurance - the Developer shall lodge with the Township, on or prior to the execution of the Agreement, an insurance certificate with an insurance company satisfactory to the Township, (which said approval shall not be unreasonably 20 withheld or delayed), and insuring for the joint benefit of the Developer, their agents and the Township and their agents, against any liability that may arise out of the construction or installation of any work to be performed pursuant to this Agreement and for a period of one (1) year after completion and acceptance of the Township services to be constructed herein. 5.10.2 Comprehensive General Liability /Environmental Impairment - such policy shall carry limits of liability in the amount to be specified by the Township, but in no event shall it be less than FIVE MILLION DOLLARS ($5,000,000.00) inclusive comprehensive general liability, environmental impairment liability in an amount not less than FIVE MILLION DOLLARS (5,000,000.00), and such policy shall contain: a) a cross - liability clause; b) product/completed operation coverage; c) shall not have an exclusion pertaining to blasting, provided that any blasting required to be done shall be done by an independent; d) shall include the following names as insured's: (1) THE CORPORATION OF THE TOWNSHIP OF ORO- MEDONTE 5.10.3 Notice of Cancellation - a provision that the insurance company agrees to notify the Township within fifteen (15) days in advance of any cancellation or expiry of the said insurance policy. 5.10.4 Certificate of Coverage - any certificate of coverage filed with the Township Clerk shall specifically contain their confirmation that coverage includes (a), (b), (c) and (d) above and are in effect. 5.10.5 Confirmation of Premium Payment - the Developer shall, from time to time as required by the Township, provide confirmation that all premiums on such policy or policies insurance have been paid, and that the insurance is in full force and effect. The Developer shall see that a copy of the policy is filed with the Township annually. 5.10.6 Claim in Excess of Policy Limits - the issuance of such policy of insurance shall not be construed as relieving the Developer from responsibility for other or larger claims, if any, and for which it may be held responsible. 21 PART - 6 STAGING OR PHASING 6.1 STAGING OR PHASING The Township, in its sole discretion, may instruct the Developer to construct the services in particular stages or phases suitable to the Township, and the Developer must comply on terms to be agreed to by the Township. If the Township does not so instruct, the Developer, before commencement of any work, may request the Township's permission to divide the area of the subdivision into convenient stages. If the work is thus staged, as approved by the Township, then in lieu of furnishing cash payment or Letter of Credit, all as set out in Clause 5.6 for one hundred percent (100 %) of the estimated costs, as approved by the Township Engineer, the Developer shall deposit security for part of the services the Township has approved. Before proceeding with an additional stage, the Developer shall obtain the written approval of the Township and no service will be permitted to be installed and no Building Permits issued until this approval has been received and additional securities deposited. When fifty percent (50 %) of the lots of the subdivision or stages of the subdivision have been built upon and all the services have not been completed and approved by the Township Engineer, the Township reserves the right to refuse commencement of the next stage until all services have been installed and approved. In no event will further subdivisions of the Developer or stages of subdivisions of the Developer be approved if all services of the active stage approved by the Township Engineer have not obtained substantial completion (underground) within a two (2) year period after registration of this Agreement. Notwithstanding anything hereinafter set out, the Township shall not be obligated to assume the responsibility for and take over the subdivision services until at least fifty percent (50 %) of the lots on the subdivision or stage of the subdivision have completed dwellings erected therein and Final Certificate of Occupancy have been issued. The Developer shall be responsible for the maintenance and all repairs of the services, in this case. The subdivision is to be developed in the following Phases: Phase 1 Lots 1 to 16 Plan 51 M- 22 PART -7 CONSTRUCTION REQUIREMENTS 7.1 WORKS TO BE INSTALLED The works to be installed are set out in Schedule "C" 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. The works are to be designed and constructed in accordance with the current Engineering Standards adopted by By -Law by the Township at the time of signing of the Subdivision Agreement. A copy of these standards is available at the Municipal Office. If at any time, and from time to time during the development of the subdivision, the Township Engineer is of the opinion that additional works are necessary to provide adequately any of the public services required by the Plan, the Developer shall construct, install or perform such additional works at the request of the Township Engineer. 7.2 CONSTRUCTION OF WORKS Following the registration of this Agreement, the Developer shall cause to be constructed, all requisite works in order to provide services to the lots and buildings blocks within the Phase. 7.3 HYDRO ONE 7.3.1 Any development in conjunction with the subdivision must not block vehicular access to any Hydro facilities located on the right -of -way. 7.3.2 The Developer shall make arrangements satisfactory to Hydro One for the crossing of the Hydro right -of -way by the proposed roads. A separate proposal shall be submitted to Hydro One area office for these future road crossings. 7.3.3 The cost of any relocations or revisions to Hydro One facilities which are necessary to accommodate this subdivision will be borne by the developer. 7.3.4 The easement rights of Hydro One are to be protected and maintained. 7.4 PRESERVATION AND PLANTING OF TREES 7.4.1 The Developer shall preserve all healthy trees within the limits of the subdivision, where possible. If, in the opinion of the Township Engineer, indiscriminate removal of trees takes place within the limits of the Plan of Subdivision, including road allowances and individual lots, the Township shall have the option of having a Stop Work Order on construction of the services and /or building on a particular lot where the removal is taking place. Work will not be allowed to proceed until the Township is satisfied that the practice will not continue and the Developer /Builder agrees to carry out remedial work requested by the Township. The Developer agrees to provide a copy of this clause to each and every prospective builder /prospective purchaser. 23 7.4.2 The Developer shall plant minimum two (2) hardwood trees (2.4 metre or taller) of a minimum of 50mm caliper on each lot having less than three (3) trees in the front yard(s). The type of tree must be satisfactory to the Township. 7.4.3 The developer shall carry out the recommendations of the Shawn P. Watters & Associates Spray Analysis Report dated November 12, 2004 requiring the planting of screening evergreens (Eastern White Pine and White Spruce) along the rear boundary of Lots 10 -12 and Block 17 on Plan M- 7.5 MOVEMENT OF FILL The Developer covenants and agrees that he shall not dump, nor permit to be dumped, any fill or debris on, nor shall he remove or permit to be removed, any fill, topsoil, trees or shrubs from any public or Municipal lands, without the written consent of the Township Engineer. 7.6 BLASTING Before any blasting is proceeded with by the Developer, the Developer shall obtain from the Township Engineer or Township Public Works Official, written permission for carrying out the blasting operation, and shall obtain the blasting permit and show proof of insurance for all damage or claims for damage resulting from the blasting operation. The Developer, in any event, shall be responsible for any such claims. 7.7 ACCESS ROADS All access roads must be maintained by the Developer in good repair acceptable to the Township Engineer and Township Public Works Official during the time of construction, including dust control and the removal of any mud or debris tracked from the subdivision, and no roadway outside the limits of the proposed subdivision may be closed without the written consent of the Township Public Works Official. For the purpose of getting such consent, the Developer shall advise the Township Public Works Official and the Township Clerk of the date and time they wish to close a roadway. The Township reserves the right to limit or prohibit the use of any existing access road by the Developer. 7.8 DAMAGE TO EXISTING PLANT The Developer shall repair any damages caused to an existing road, road allowance or existing structure or plant located on the road allowance as a result of the subdivision development and shall pay for any costs involved in the relocation of existing services, such as hydrants, telephone poles, etc., which may become necessary because of the development of the subdivision. In this regard, the Developer's Engineer shall arrange for an inspection with the Township Public Works Official and Township Engineer for the purpose of compiling an inventory of existing conditions prior to work on the subdivision. Otherwise, the Township Public Works Official's assessment of conditions prior to construction will be final. 7.9 DUST CONTROL Until the Certificate of Substantial Completion and Acceptance (Aboveground Works) has been issued, the Developer shall apply calcium or other Ministry of the Environment approved dust suppressant to the roads within the subdivision and /or utilized by construction traffic, in quantities sufficient to prevent any dust problem to traffic or home occupants, to the satisfaction of the Township Engineers. P If the Developer has not taken remedial action within twenty -four (24) hours of receiving a written notification (via facsimile) from the Township's Engineer regarding a dust control problem, then the Township's Engineer, at their sole discretion, shall employ outside forces to implement, at the Developer's expense, a suitable measure of dust control. 7.10 CONSTRUCTION REFUSE All construction refuse, garbage and debris from the subdivision must be disposed of in an orderly and sanitary fashion by the Developer, off the site of the subdivision, at a licensed landfill site. The Township is not responsible for the removal or disposal of refuse, garbage and debris. Open air burning is not permitted by the Township. The Developer agrees to deliver a copy of this clause to each and every builder obtaining a Building Permit for any lot or part of a lot on the said Plan of Subdivision. 7.11 INSPECTION OF CONSTRUCTION OF SERVICES During construction of the services, the Township may inspect the work in hand at such times and with such duration and frequency as the nature of the type of construction may dictate. Subject to the obligations of the Township Engineer to protect the interests of the Township through such inspections, every effort will be made to keep duplication of engineering services on site to a minimum. If, during such inspections, the Township Engineer perceives that construction, whether by method or otherwise, constitutes an immediate danger to life or property, or construction does not conform to acceptable practice in order to meet the requirements for services, he will have the authority to cease construction operations by verbal notice to the contractor and /or the Developer's Engineer, such notice to be confirmed, in writing, as soon as possible, thereafter. A copy of this clause shall be delivered by the Developer to each and every contractor engaged in construction of services for the subdivision. 7.12 DECLARATION OF PROGRESS AND COMPLETION 7.12.1 Prior to the approval of the underground services, the Developer shall provide the Township Engineer with an undertaking for the completion dates of all remaining works required by this Agreement and in a form similar to that attached to this Agreement as Schedule "I ", the Declaration of Progress and Completion, for approval of the Township Engineer. The Township reserves the right to alter the completion dates, if the timelines are considered to be inappropriate, and the Developer agrees to complete the services within the revised completion dates. 7.12.2 It is understood and agreed that should the Developer fail to construct the remaining services, as stipulated, and by such dates as provided in the Declaration, the Developer shall pay to the Township, as pre- determined liquidated damages, the sum of FIFTY DOLLARS ($50.00) for each and every day the said services are behind schedule of construction, and NO FURTHER BUILDING PERMITS SHALL BE ISSUED. 7.12.3 The Township recognizes that top -lift asphalt cannot be placed until 50% of the lots have completed dwellings and that should not be altered by the Township. 25 7.13 PROGRESS OF WORKS After the completion of the underground services, the Developer shall complete the Declaration of Progress and Completion for the approval of the Township Engineer and from that date, the said Declaration shall apply and take precedence over Clause 4.1.5. Prior to signing the Declaration of Progress and Completion, the Developer shall install all works in accordance with the Schedule of Works or as directed by the Township Engineer. If he fails to adhere to the scheduling provisions outlined in the Schedule of Works or the Declaration, or having commenced to install the aforesaid works, fails 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 Township Engineer, then upon the Township Engineer giving seven (7) days written notice by prepaid registered mail to the Developer, the Township Engineer may, without further notice, enter upon the said land and proceed to supply all materials and to do all 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 costs thereof, together with an Engineering fee of ten percent (10 %) of the cost of such materials and works to the Developer who shall forthwith pay the same upon demand. If the Developer fails to pay the Township within thirty (30) days of the date on the bill, the money owing may be deducted from the cash deposit or Letters of Credit. It is understood and agreed between the parties hereto that such entry upon the land shall be as agent for the Developer, and shall not be deemed for any purpose whatsoever, as an acceptance or assumption of the said works by the Township. The Township, in addition to all other remedies it may have, may refuse to issue Building Permits until such works are completely installed in accordance with the requirements of the Township Engineer. It is agreed that a copy of this clause be delivered by the Developer to each and every builder obtaining a Building Permit for any lot or part of a lot on the said Plan. 7.14 SUBSTANTIAL COMPLETION OF UNDERGROUND SERVICES It is intended that the storm sewer system, stormwater works and waterworks including the Water Treatment Plant will be constructed, inspected and approved prior to the completion of the other works, including roads, boulevards, utilities and street lights. Building Permits will not be issued until the Township Engineer has given the Certificate of Substantial Completion and Acceptance (Municipal Underground Services). The two (2) year maintenance period for the underground services will commence when this Certificate is issued. During the maintenance period, the Developer shall be responsible for the normal operation and maintenance and all repairs for the services noted in the Certificate. If, during the two (2) year maintenance period, the Developer fails to carry out rectification and repair work as requested by the Township, then the Township may carry out the work and be reimbursed the cost of the work from the Developer's securities, as set out under Clause 9.3. Notwithstanding anything hereinafter set out, the Township shall not be obligated to assume the responsibility for and take over the subdivision services until at least fifty percent (50 %) of the lots on the subdivision or stage of the subdivision have completed dwellings erected therein W and Final Certificate of Occupancy have been issued. The Developer shall be responsible for the maintenance and all repairs of the services, in this case. 7.15 EMERGENCY REPAIRS Employees or agents of the Township may enter onto the lands at any time, or from time to time for the purpose of making emergency repairs to any of the works. Such entry and repairing shall not be deemed an acceptance of the works by the Township or any assumption by the Township of any liability in connection therewith, or a release of the Developer from any of his obligations under this Agreement. 7.16 USE OF WORKS BY TOWNSHIP The Developer agrees that: The works may be used prior to acceptance by the Township or other authorized persons for the purpose for which such works are designed. II. Such use shall not be deemed an acceptance of the works by the Township, and; III. Such use shall not in any way relieve the Developer of his obligations in respect of the construction and maintenance of the works so used. 7.17 DRAINAGE AND LOT GRADING All lots and blocks within the Plan and all lands abutting the Plan shall be graded to drain in accordance with the Lot Grading Plan LG -1 prepared by Pearson — McCuaig Engineering Ltd., and approved by the Township Engineer and the Township. Some fill and re- grading of lots may be necessary during or after building construction. The Grading Plan shall show all existing and final grades on lot corners, as well as mid -lot elevations, where deemed necessary by the Township Engineer. It is understood and agreed by the parties hereto that drainage of surface water on the lots and blocks on the Plan is the sole responsibility of the respective lot owners once the required drainage works have been constructed by the Developer. The storm swales shall be landscaped and maintained by all subsequent lot owners. The purpose of the storm swales is to accommodate storm drainage waters from the subject lot and adjacent lands. No lot owner in the subdivision shall encumber or impede storm drainage in any manner whatsoever. In the event that the Developer, or any subsequent lot owner, obstructs, impedes, or interferes with the storm drainage flow through any part of the storm swale, or interferes with the acceptance of water from any connecting swales, then the Township shall have the right, if it so elects, to enter upon the subject lands to rectify such problems so that the swales can serve their original purpose. Within the swale area, the Developer, and any subsequent lot owner, shall not construct any works, remove, or permit to be removed, any soil from the said swale /easement, excavate, drill, install, erect, or permit to be excavated, drilled, installed or erected in, over, upon, under or through the said swale /easement, any fence, well, foundation, pavement, building or other structure or other installation. %A] The lot owner of any lot in the subdivision upon which the Township elects to enter for the purpose of rectifying the said work, hereby agrees to indemnify and release the Township from and against all claims, demands, actions or causes of action whatsoever arising as a result of the Township or of its servants or agents entering upon the lands for the purpose of correcting drainage problems. The cost of such work will be for the account of the lot owner. Any invoices not paid within thirty (30) days after the due date, shall be added to the tax roll and collected in a like manner as realty taxes, as per Section 427 of the Municipal Act, 2001. The Developer agrees to deliver a copy of this clause to each and every prospective purchaser and /or builder obtaining a Building Permit for any lot or part of a lot on the said Plan of Subdivision. Generally, the drainage facilities will consist of urban cross section including curb and gutter and storm sewers to provide a satisfactory drainage outlet, and will be in accordance with the Storm Drainage Plan STM -1, Plan Profile — Landscape Drive and Plan Profile — Storm Easement PP -2 by Pearson — McCuaig Engineering Ltd. and approved by the Township Engineer and the Township. 7.18 DEFINITIONS For the purposes of this Subdivision Agreement: (i) The term "Underground Services" shall mean the storm drainage works (including culverts, storm sewer and storm drainage works); the waterworks (including piping, values, hydrants, services to lots, sample station, PVR's and Water Treatment Plants); and underground electrical distribution system and street lighting serving the Plan of Subdivision, as more particularly described in Schedule "C" to this Subdivision Agreement. (ii) The term "Certificate of Substantial Completion and Acceptance (Municipal Underground Services)" shall mean a Certificate issued by the Township upon the recommendation of the Township Engineer confirming that the Municipal Underground Services to be installed by the Developer under the provisions of this Subdivision Agreement, as more particularly identified in Schedule "C ", have been substantially completed in accordance with plans and specifications reviewed and accepted by the Township Engineer. The issuance of a Certificate of Substantial Completion and Acceptance (Municipal Underground Services) shall not constitute an assumption of the Municipal Underground Services by the Township. (iii) The term "Certificate of Maintenance and Final Acceptance (Municipal Underground Services)" shall mean a Certificate issued by the Township upon the recommendation of the Township Engineer confirming that the Municipal Underground Services constructed by the Developer, in accordance with the terms of this Subdivision Agreement, and as more particularly identified in Schedule "C ", have been satisfactorily completed and maintained by the Developer during the two -year (2) maintenance period, and issuance of the said Certificate shall constitute final acceptance and assumption of the Municipal Underground Services by the Township. (iv) The term "Aboveground Services" shall mean all Municipal services to be constructed by the Developer pursuant to the terms of this Subdivision Agreement, as more particularly identified in Schedule "C ", excluding Underground Services. 28 (v) The term "Certificate of Substantial Completion and Acceptance (Aboveground Services)" shall mean a Certificate issued by the Township upon the recommendation of the Township Engineer confirming that the Aboveground Services to be installed by the Developer under the provisions of this Subdivision Agreement, as more particularly identified in Schedule "C ", have been substantially completed, in accordance with plans and specifications reviewed and accepted by the Township Engineer. The issuance of a Certificate of Substantial Completion and Acceptance (Aboveground Services) shall constitute an assumption of the Aboveground Services by the Township for winter maintenance only. (vi) The term "Certificate of Maintenance and Final Acceptance (Aboveground Services)" shall mean a Certificate issued by the Township upon the recommendation of the Township Engineer confirming that the Aboveground Services constructed by the Developer in accordance with the terms of this Subdivision Agreement, and as more particularly identified in Schedule "C ", have been satisfactorily completed and maintained by the Developer during the two -year (2) maintenance period, and issuance of the said Certificate shall constitute final acceptance and assumption of the Aboveground Services by the Township. (vii) The term "Certificate of Substantial Completion and Acceptance" means a Certificate of Substantial Completion and Acceptance (Municipal Underground Services) or a Certificate of Substantial Completion and Acceptance (Aboveground Services), as the provisions of this Subdivision Agreement require. (viii) The term "Certificate of Maintenance and Final Acceptance" means a Certificate of Maintenance and Final Acceptance (Municipal Underground Services) or a Certificate of Maintenance and Final Acceptance (Aboveground Services), as the provisions of this Subdivision Agreement require. I PART -8 BUILDING PERMITS AND OCCUPANCY 8.1 TOWNSHIP OF ORO- MEDONTE The Developer further agrees that he or any person, persons, or Corporation claiming title through the Developer, will not apply for a Building Permit for any part or portion of the said lands or on any lot therein, and no Building Permit shall be issued until a Certificate of Substantial Completion and Acceptance (underground service) has been issued. The Developer's Engineer shall prepare an overall Lot Development Plan for approval by the Township, Township Engineer and the Nottawasaga Valley Conservation Authority as a further requirement to Clause 7.17. The Plan shall include the following: a) envelopes for the proposed house and any adjacent structures on each lot. b) existing and proposed grades of the disturbed area of lot after building, drainage and sewage works have been completed. c) existing and proposed grades on lot corners and mid -lot elevation. d) location and type of proposed water supply and sanitary sewer connection. 8.1.1 The Developer agrees to advise all prospective lot Developers that a detailed Site Development Plan for each lot may be required to be prepared by a Professional Engineer registered with the Association of Professional Engineers of Ontario, for approval by the Township Engineer for each respective lot. Site Development Plans, which conform to the overall Lot Development Plan at an approved metric scale using metric dimensions and elevations, shall include the following: a) the location, dimensions and elevations of the proposed dwelling and any structures to be located on the lot, as well as any adjacent structures on the adjacent lot(s). b) the location, size and elevation of the sanitary service to the dwelling, all engineering design criteria and standards pertaining thereto, shall be provided. c) the location and type of water supply, including the water service line to the dwelling. d) the existing and proposed grades of the disturbed area on the lot after building, drainage and sewage works have been completed. e) the location and grades of any proposed drainage swales. f) the Professional Engineer will be required to check the elevations of the footings of the buildings prior to further construction to ensure conformity with the approved Plans noted above. 30 g) the Professional Engineer will be required, prior to the issuance of a Final Inspection Report, to certify to the Township, in writing, that the foregoing works have been carried out in accordance with the approved Plans noted above. 8.1.2 The Developer further agrees to construct all works required under Clause 7.17, as shown on the approved Lot Grading Plan LG -1, Storm Drainage Plan STM -1, Sanitary Drainage Plan SAN -1, Plan Profile — PP- 1 and PP -2, Erosion Control Plan EP- 1, General Servicing Plan GS -1, Notes and Details ND -1 and ND -2, all prepared by Pearson — McCuaig Engineering Ltd., to the satisfaction of the Township and the Township Engineer. 8.2 REQUIREMENTS FOR BUILDING PERMITS The approval of the Plan by the Township, or the acceptance by the Township of the works, shall not be deemed to give any assurance that the Building Permits, when applied for, will be issued in respect of the lots or blocks shown on the Plan. Notwithstanding the foregoing, no Building Permits will be given and the Chief Building Official may refuse any application until: (i) Sewage system approvals have been obtained and submitted to the Township. The Township of Oro - Medonte sewage approval authority requirements are set out in Clauses 7.17 and 8.1. (ii) The Storm Water Management System and Waterworks have been installed, tested and approved by the Township Engineer and he has issued his Certificate of Substantial Completion and Acceptance (Municipal Underground Services). (iii) Plans for remaining underground services such as Bell Telephone, Electricity or Natural Gas have been approved. (iv) A "Builders" road consisting of the grading, curb and gutter or ditch shaping and full depth of Granular "B" sub -base, has been constructed on the road providing access to the lot. (v) Approval of the Township Engineer has been obtained for the construction of any buildings to be erected on lots or blocks listed in Schedule "E" hereto. (vi) Signs denoting "Unassumed Roads" have been installed at the entrances to the subdivision in a location acceptable to the Township, in accordance with Clause 4.1.8. (vii) A Certificate Letter and Lot Development Plan has been given by the Developer's Consulting Engineer or a Professional Engineer registered with the Association of Professional Engineers of Ontario, that the building to be erected on any lot or block within the Plan, for which a Building Permit has been applied for, is in conformity with the General Location and Lot Grading Plans, or has received the approval of the Township Engineer with respect to any variance to the Grading Plan. The individual Lot Development Plan must be approved by the Township Engineer prior to the issuance of a Building Permit. A copy of the receipt payment to the Township must be provided to the Township Engineer prior to their review of the Lot Development Plan. 31 (viii) All dead trees within the limit of the Plan have been removed. (ix) Arrangements have been made and approved by the Township for Municipal Address System numbering, as set out in Clause 8.4. (x) The Traffic and Street Name signs have been installed and approved by the Township Engineer. (xi) Any Development Charges have been paid, in full, in accordance with the applicable Development Charge By -Laws, enacted pursuant to the Development Charges Act, 1997, as well as By -Laws enacted pursuant to Section 257.53 of the Education Act, or alternate arrangement satisfactory to the body enacting the Development Charge By -Law, have been made and the same has been communicated to the Chief Building Official for the Township of Oro - Medonte, in writing, by such a body. 8.3 LOTS UNSUITABLE FOR BUILDING OR LOTS REQUIRING SPECIAL ATTENTION Any lot, which will require special attention in order to be serviced, will be listed on Schedule "E" of this Agreement. Prior to the issuance of a Building Permit for any lot listed in Schedule "E ", the Developer's Engineer must submit a letter to the Township Engineer outlining the measures to be taken to correct the problems on the lot. This proposal must be approved prior to applying for a Building Permit. 8.4 MUNICIPAL ADDRESS SYSTEM The Developer shall be responsible for obtaining the municipal address system numbers for each and every lot from the Municipal Office. As a further requirement, in order to obtain a Provisional Certificate of Occupancy, the Developer and /or builder or lot owner, shall install the aforementioned number at a location approved by the Township. The Developer agrees to provide a copy of this clause to each and every builder or lot owner in advance of the sale of such lot(s). 8.5 REQUIREMENTS FOR OCCUPANCY 8.5.1 No buildings erected on the lots or blocks within the Plan shall be occupied until a PROVISIONAL CERTIFICATE OF OCCUPANCY has been issued by the Township in accordance with the Township Building and Plumbing By -Law. PROVISIONAL CERTIFICATE OF OCCUPANCY means a permit issued to allow occupancy of a building. 8.5.2 A FINAL CERTIFICATE OF OCCUPANCY will not be issued until: (i) The roadway has received the granular roadbase materials full depth and the base course of asphalt, provided asphalt is commercially available. (ii) The underground electrical, telephone lines, gas mains and street lights have been installed and approved by the Township Engineer. (iii) A Certificate Letter and individual Lot Development Plan have been given by the Developer's Consulting Engineer, or a Professional Engineer registered with the 32 Association of Professional Engineers of Ontario, that the building constructed, and the final grading of the lot or block, is in conformity with the General Location and Lot Grading Plans, or such variance there from has been approved by the Township Engineer. The final grading on the individual Lot Development Plan must be approved by the Township Engineer prior to the issuance of a FINAL CERTIFICATE OF OCCUPANCY. FINAL CERTIFICATE OF OCCUPANCY means a permit issued when all outstanding items on a Provisional Certificate of Occupancy, including grading, have been completed. (iv) Driveway culvert and end protection has been provided to the satisfaction of the Township, in accordance with the Township's Engineering Standard. (v) The trees have been planted on the lot by the Developer in accordance with Clause 7.4. Trees shall be planted prior to assumption. (vi) Any deficiencies on a Provisional Certificate of Occupancy have been complied with. It is agreed that a copy of Part 8 shall be delivered by the Developer to each and every builder obtaining a Builder's Permit or any prospective purchaser of the dwelling for any lot or part of a lot on the said Plan. 8.6 OCCUPANCY LIQUIDATED DAMAGES Notwithstanding the above, if for any reason whatsoever, occupancy of any building occurs before the vital services listed in Clause 8.5 are installed to the home occupied to the satisfaction of the Township Engineer, then the Developer agrees to pay to the Township, liquidated damages in the amount of ONE HUNDRED DOLLARS ($100.00), per dwelling, per day, to cover the additional costs of administration, inspection and fire protection, etc. The liquidated damages to commence at and include the date of occupancy and end when the Developer obtains a certificate from the Township Engineer that the vital services are satisfactorily installed. If the Developer fails to pay to the Township, monies owing under this clause within thirty (30) days of the date of the bill, the money may be deducted from the cash deposit or Letter of Credit or other deposited security. 33 PART -9 MAINTENANCE AND ACCEPTANCE 9.1 FINAL ACCEPTANCE OF MUNICIPAL UNDERGROUND SERVICES On receipt of the Developer's request for a final inspection of the underground services, the Township Engineer will again inspect the work and if satisfied, will recommend to the Township that the Certificate of Maintenance and Final Acceptance (Municipal Underground Services) be issued. It should be noted that the Certificate of Maintenance and Final Acceptance (Municipal Underground Services) can be applied for by the Developer two (2) years after the receipt of the Certificate of Substantial Completion and Acceptance (Municipal Underground Services). Notwithstanding anything hereinafter set out, the Township shall not be obligated to assume the responsibility for and take over the subdivision services until at least fifty percent (50 %) of the lots on the subdivision or stage of the subdivision have completed dwellings erected therein and Final Certificate of Occupancy have been issued. The Developer shall be responsible for the maintenance and all repairs of the services, in this case. The Developer will be responsible for these operation costs until the Township has assumed the responsibility of these services. 9.2 SUBSTANTIAL COMPLETION OF ABOVEGROUND SERVICES When all of the services have been completed, including the surface lift of asphalt in accordance with this Agreement or in a particular stage, the Township Engineer and Public Works Official shall make an inspection to ensure that the Township will accept the road system. The Township Engineer shall issue a Certificate of Substantial Completion and Acceptance (Aboveground Services) when the works are accepted by the Township. This Certificate may contain a list of minor deficiencies, which have to be corrected by the Developer, but which are not considered of sufficient importance to delay the issuance of the Certificate and the acceptance of the services by the Township. The two (2) year maintenance period will commence when the Township Council approves the issuance of the Certificate. 9.3 MAINTENANCE OF WORKS The Developer will be responsible for the repair and maintenance of all the subdivision services for a period of two (2) years from the date the Township Council approves the Certificate of Substantial Completion and Acceptance. This shall be called the Maintenance Period. The maintenance shall include the maintaining and mowing of grass within the road allowances, as well as the parkland area on a regular basis. Areas which are to remain "Naturalized" condition will not be mowed. If the Township is requested to carry out this maintenance, the Developer shall pay all charges to the Township. If, during this period, the Developer fails to carry out maintenance work within forty -eight (48) hours after receipt of a request from the Township, then the Township Engineer may, without further notice, undertake such maintenance work and the total cost of such work, including Engineering fees, shall be borne by the Developer. If the Developer fails to pay the Township within thirty (30) days of the date of billing, then the money owing may be deducted from the cash deposit or Letter of Credit. During the maintenance period, ten percent Ki! (10 %) of the original estimated cost of the works shall be retained by the Township. Towards the end of the maintenance period, the Developer shall make written request to the Township for a final inspection to be made and notwithstanding the two (2) year period noted above, the maintenance period will continue for the original two (2) years, or for thirty (30) days after the receipt of the Developer's written request for a final inspection, whichever period of time is the greater. Notwithstanding anything hereinafter set out, the Township shall not be obligated to assume the responsibility for and take over the subdivision services until at least fifty percent (50 %) of the lots on the subdivision or stage of the subdivision have completed dwellings erected therein and Final Certificate of Occupancy have been issued. The Developer shall be responsible for the maintenance and all repairs of the services, in this case. 9.4 WINTER ROAD MAINTENANCE An exception to the liability of the Developer for all maintenance and repair of the services during the two (2) year maintenance period will be winter control, which operation will be the Township's responsibility after the issuance of the Certificate of Substantial Completion and Acceptance (Aboveground Services). Winter control shall include snow plowing, sanding and any other winter maintenance operations. It is agreed by the Developer that the winter control operations shall not prejudice the Township's rights to enforce the maintenance provisions. Prior to the issuance of the Certificate of Substantial Completion and Acceptance (Aboveground Services) however, the Developer shall be responsible for the winter control also. In the event that proper vehicular access or winter control is not provided by the Developer, the Township, through its servants, contractors, or agents, may provide without notice to the Developer. Such winter control shall be only carried out at times deemed to be an emergency by the Public Works Official. All costs of such work shall be paid by the Developer within thirty (30) days of the date of billing or otherwise may be deducted from the cash deposit or Letter of Credit. The cost of such works to be at the following rates: Machinery and Equipment $50.00 /hr. Labour $23.00 /hr. Mixed Sand and Salt $12.00/m3 Payroll Burden -40% Administration - 7% H.S.T. - 13% The Township may adjust these rates from time to time. The Developer further agrees that any work done by the Township pursuant to this Agreement before the roads are accepted by the Township, shall not be deemed in any way to be an acceptance by the Township of the roads in the said subdivision upon which such work is done. The Developer acknowledges that the Township, whilst providing winter control, may damage or interfere with the works of the Developer and covenants that he will make no claims against the Township for such interference or damage, providing the work is carried out in a normal and reasonable manner. 9.5 REPLACEMENT OF SURVEY BARS Prior to the final acceptance of the subdivision by the Township, the Developer agrees to supply a statement from an Ontario Land 35 Surveyor approved by the Township that after the completion of the subdivision work, he has found or replaced all survey monuments, standard iron bars and iron bars shown on the registered plan. The statement must be dated within two months of the date of acceptance. 9.6 FINAL ACCEPTANCE OF ABOVEGROUND SERVICES Upon receipt of the Developer's request for a final inspection of the Aboveground Services, the Township Engineer will again inspect the work and if satisfied, will recommend to the Township that the Certificate of Maintenance and Final Acceptance be issued. Notwithstanding anything hereinafter set out, the Township shall not be obligated to assume the responsibility for and take over the subdivision services until at least fifty percent (50 %) of the lots on the subdivision or stage of the subdivision have completed dwellings erected therein and Occupancy Permits have been issued. The Developer shall be responsible for the maintenance of the aboveground services, in this case, until the Township has assumed the responsibility of the services. 9.7 RELEASE OF LAND The Developer, when not in default of the Subdivision Agreement to provide the requisite public services to the lands, shall be entitled to an effective release in a form suitable for registration in the Land Registry Office for each lot or block, which is in conformity with the overall Grading Plan for the lands or such variance there from as has been approved by the Township Engineer. Every such release shall operate as a discharge of all levies hereunder by the Township in respect to each lot or block described in the release, with the exception of the responsibility for drainage as outlined in Clause 9.8 and the completion and maintenance of the services. 9.8 DRAINAGE - RESPONSIBILITY OF DEVELOPER AND SUBSEQUENT OWNERS It is understood and agreed that the drainage of surface waters upon and from the said lands shall remain the sole responsibility of the Developer and the subsequent owners, from time to time, of the lots or blocks within the Plan of Subdivision. The Developer and subsequent owners of the lots or blocks within the Plan of Subdivision, from time to time, shall provide and maintain adequate drainage of surface waters across and from the said lands in accordance with the provisions of Clause 7.17 of this Subdivision Agreement. The Developer agrees to provide a copy of this Clause 9.8 and Clause 7.17 to each and every prospective builder /prospective purchaser of a lot or block within the Plan of Subdivision. The Developer and the owner, from time to time, of any lot or block within the Plan of Subdivision upon which the Township elects to enter for the purpose of rectifying the said work, hereby agrees to indemnify and release the Township from and against all claims, demands, actions or causes of action whatsoever arising as a result of the Township or of its servants or agents entering upon the lands for the purpose of correcting drainage problems. The cost of such work will be for the account of the Developer and /or subsequent lot owner. Any invoices not paid within thirty (30) days after due date, shall be added to the tax roll and collected in a like manner as realty taxes as per Section 446 of the Municipal Act, 2001. 36 PART —10 - DEFAULT PROVISIONS 10.1 DEFAULT PROVISIONS Notwithstanding anything herein before contained in this Subdivision Agreement, and in addition to any other remedies, when the Developer is deemed by the Township to be in default of this Agreement, the Township reserves the right to realize upon any securities deposited on or on behalf of the Developer to recover costs incurred by the Township, in accordance with the provisions of Section 5.6 of this Subdivision Agreement, and /or to restrict or refuse issuance of Building and /or Occupancy Permits, and the Developer agrees not to apply for any Building Permits or Occupancy Permits for lots or blocks within the Plan of Subdivision, until such time as the Developer is in full compliance with the provisions of this Subdivision Agreement. 10.2 SUCCESSORS AND ASSIGNS This Agreement shall be binding upon and,enure to the benefit of the parties hereto and their respective heirs, executors, administrators and assigns. 10.3 SUBSTITUTION FOR APPROVALS Wherein this Agreement reference is made to any named Ministry of the Province, Township of Oro - Medonte or other public body, such reference where the same requires their approval, is deemed to be a reference to any other Ministry or body as may be substituted by legislative change or policy of the Provincial Government or of the Township. 10.4 CHARGES OR EXPENSES INCURRED BY THE TOWNSHIP The Developer further agrees that all costs, charges or expenses incurred by the Township in satisfying the obligations of the Developer in the event of default of the Developer under the terms of this Subdivision Agreement, together with any costs, charges or expenses incurred by the Township in enforcing the obligations of the Developer under this Agreement, shall be a first charge or lien against the said lands in accordance with the provisions of Section 446 of the Municipal Act, 2001. IN WITNESS WHEREOF the parties hereto have executed this Agreement and have hereunto caused to be affixed the corporate seals, duly attested to by the proper signing officers. SIGNED, SEALED AND DELIVERED this day of 2011. THE CORPJDRATION OE THE TOWNSHIP OF ORO- MEDONTE Per /, Title cll�� 37 HORSESHOE /VALLEY LANDS LIMITED John Ti le Per Title ROMSPEN INVESTMENT CORPORATION Per Title L M (c K( LVAI A ,S .0. c: SCHEDULE "A" NOTE: It is understood and agreed that this Schedule forms part of the Subdivision Agreement between the TOWNSHIP OF ORO- MEDONTE AND HORSESHOE VALLEY LANDS LIMITED DESCRIPTION OF LANDS AFFECTED BY THIS AGREEMENT ALL AND SINGULAR, that certain parcel or tract of premises, situate, lying, and being in the Township of Oro - Medonte (formerly Township of Oro), in the County of Simcoe, and being composed of the whole of the lands described as follows: Part of Lot 3, Concession 4, Geographic Township of Oro, Township of Oro - Medonte, County of Simcoe, S/T Easement over Part 1, Plan 51 R -32020 as set out in LT522875 over the whole of Blocks 17 and 18 and Part of Landscape Drive; S/T Easement over Part 2, Plan 51 R -31902 as set out in SC108651 over Part Lot 9, Part Blocks 21 and 22 and Part of Landscape Drive Being Part of PIN # 74055 -0123 (LT) 39 SCHEDULE "B" NOTE: It is understood and agreed that this Schedule forms part of the Subdivision Agreement between the TOWNSHIP OF ORO- MEDONTE AND HORSESHOE VALLEY LANDS LIMITED Phase 1 16 Lots PLAN OF SUBDIVISION 51 -M .% SCHEDULE "C" NOTE: It is understood and agreed that this Schedule forms part of the Subdivision Agreement between the TOWNSHIP OF ORO- MEDONTE AND HORSESHOE VALLEY LANDS LIMITED WORKS TO BE CONSTRUCTED Construction of storm sewers and appurtenances, watermains and appurtenances, including service connections, all road works, including roadside ditches in accordance with the approved Engineering Drawings to service the Landscapes Drive Phase 2 A Horseshoe valley Lands subdivision in the Township of Oro - Medonte. LIST OF DRAWINGS (Stamped by AECOM Township Engineers - Accepted for Construction Date August 30, 2011) PEARSON — McCUAIG ENGINEERING LTD. TITLE PAGE M -PLAN 51 M- Notes and Details Notes and Details ND -1 Notes and Details ND -2 General Servicing Plans General Servicing Plan GS -1 Erosion Control Plan Erosion Control Plan EP -1 Storm Drainage Plan Storm Drainage Plan STM -1 Sanitary Drainage Plan Sanitary Drainage Plan SAN -1 Plan Profile Plan Profile — Landscape Dr. PP -1 Plan Profile — Storm Easement PP -2 Lot Grading Plan Lot Grading Plan LG -1 41 SCHEDULE "D" NOTE: It is understood and agreed that this Schedule forms part of the Subdivision Agreement between the TOWNSHIP OF ORO- MEDONTE AND HORSESHOE VALLEY LANDS LIMITED a NM: It is understood and agreed that this Schedule forms part of the Subdivision Agreement betvveen the TOWNSHIP OF OR0411111EDONTE AND - following list summarizes the cost a. LETTER OF CREDIT REQUIRgQZW,,§1JjJQMS1Qb1 A-egEmE * Remaining Outstancling Work $466,0M91 :" of Completed Work RETAINED SECURITIES BY TOWNSHIP F 42 on nal 82MIlklIML 92MOlOW I Work A) Roadvvay construction complete including flne grading, excavation, granular mad base matedal, s concrete curb and gulter. asphaft shoulder and two Ift of alt....,.. ..... v.,. - --------------- ...... $108,432.00 $106A32.00 $0.00 13) Storm works complete including storm sewrers, headwalls, manholes, catchbasins, topsoil, owd and siltation and erosion control devic"..... ........................ $78 .00 $783644 $0.00 C) Sanitary waft complete including seers and manholes.. $47,944 LOO $47,940.00 $0.00 07 Waterworks complete Including watermains. valves, hydrants and valves servlres ... ............... ,820.00 $63,020= $0.00 Miscellaneous items such as r0quintory signs.....,..,..... $8000 $840,00 $0.00 Electrical Suppler Including street lWhis, control panels and duct crossings ......................... $77,000M $77,000,00 $0,0 1Itd$- TOTi4L $3744066A0 %4t1 0.00 F) 1 Allowance for Engineering and Supervision $37,416.80 $37,415.60 $0.00 TOTAL. $411,571.60 $411,871.00 $0.00 1 HST $0,5134.31 $53,504.31 $0.00 TOTAL C $485,0 ?5.81 $466,076.91 $0.00 LETTER OF CREDIT REQUIRgQZW,,§1JjJQMS1Qb1 A-egEmE * Remaining Outstancling Work $466,0M91 :" of Completed Work RETAINED SECURITIES BY TOWNSHIP F 42 m It TOWNSHIP OF OR041EDONTE LANDWAPE DRIVE PHASE 2A LEI-MR OF CREDIT SUMMARY SECTION '"A " SO." S14 "+ SECTION I'D" $47,940.00 S7Y1J".08 SECTION "C" Sol" $47,940-06 SECTION "t)" $770004.00 $63,626.00 SECTION "E" SILO '"00.00 SECTION "r" $77,008.00 SUBTOTAL S374,156.00 ift ALLOWAWE FOR ENGINEEMW S37,41&60 MWI SVOTOTAL $4,14,67,1160 $466.076.91 13% H.B.T. S534"al TOM $108,437.04 SO." S76,3(400 ".00 $47,940.00 Sol" $0420-60 Sol" se".00 Woo $770004.00 skull S374,154A SILO Sg3=/A SIM $41116 1,60 0,113 MWI S(Loo $466.076.91 64.00 11 SCHEDULE "E" NOTE: It is understood and agreed that this Schedule forms part of the Subdivision Agreement between the TOWNSHIP OF ORO- MEDONTE AND HORSESHOE VALLEY LANDS LIMITED LIST OF LOTS REQUIRING SPECIAL ATTENTION Refer to Section 8.3 which outlines specific requirements for all lots on the Plan in order to obtain Building permits for each and every lot. Section 7.4.3 relates to the Spray Analysis Report prepared by Shawn P. Watters & Associates dated November 12, 2004 for the rear lot boundaries of Lots 10 to 12 and Block 17. 45 SCHEDULE "F" NOTE: It is understood and agreed that this Schedule forms part of the Subdivision Agreement between the TOWNSHIP OF ORO- MEDONTE AND HORSESHOE VALLEY LANDS LIMITED DEVELOPMENT CHARGES The Developer acknowledges and agrees that the following development charges are payable on a per -lot basis prior to the issuance of a Building Permit for each lot, unless alternative arrangements with the body enacting the By -Law relating to development charges or education development charges, which arrangements have been brought to the attention of the Chief Building Official, all charges are payable by cash or certified cheque in Canadian funds to the Chief Building Official of the Township: (i) Development charges in accordance with the Township of Oro - Medonte's By -Law at the rate applicable, upon the issuance of the first Building Permit for each lot upon which charges are payable. (ii) Educational development charges in accordance with the Simcoe- Muskoka Catholic District School Board at the rate that applies upon the issuance of the first Building Permit with respect to each lot upon which educational development charges are payable; and (iii) Educational development charges in accordance with the Simcoe County District School Board at the rate that applies upon the issuance of the first Building Permit with respect to each lot upon which educational development charges are payable. Please also be advised that specific rates applicable to each lot in the Plan of Subdivision can be obtained by contacting, for the Township of Oro - Medonte, the Treasurer; for the Simcoe- Muskoka Catholic District School Board, the Associate Director of Education; for the Simcoe County District School Board, the Superintendent of Facility Services; and in the case of the County of Simcoe, the County Clerk. Also, please be advised that the above - referenced By -Laws enacted pursuant to the Development Charges Act, 1997 and Section 257.53 of the Education Act, R.S.O. 1990, c.E.2, may be amended or superceded by subsequent By- Laws enacted in accordance with the respective legislation. (iv) Development Charges in accordance with the County of Simcoe's By -law at the rate applicable, upon the issuance of the first building permit for each lot upon which charges are payable. SCHEDULE "G" NOTE: It is understood and agreed that this Schedule forms part of the Subdivision Agreement between the TOWNSHIP OF ORO- MEDONTE AND HORSESHOE VALLEY LANDS LIMITED DEEDS AND EASEMENTS TO BE CONVEYED All title documents shall be properly drawn and executed by the parties, with the appropriate Lot or Block Number inserted in the description of the document, and the registered Plan Number shall be left blank, to be inserted by the solicitors for the parties after the Plan is registered and a Plan Number assigned. The consideration for all conveyances shall be the sum of TWO DOLLARS ($2.00) and the cost of preparation, execution and registration thereof, shall be borne by the Developer. All documents to be registered shall be prior approved by the solicitor for the Township. The following land and easements shall be conveyed: 1. Blocks 20, 21, 22, Plan 51 M- , deeded to the Township of Oro - Medonte, as 0.3m reserves. 2. Blocks 17 and 18, Plan 51 M- , 6.0 metre easements to be dedicated to the Township of Oro - Medonte, for STM and watermain maintenance purposes. 3. Block 19, Plan 51 M- , deeded to the Township of Oro - Medonte, Temporary Turning Circle. 4. 6.0 metre easements, dedicated to the Township of Oro - Medonte, to accommodate watermain and storm ditch construction. 47 SCHEDULE "H" NOTE: It is understood and agreed that this Schedule forms part of the Subdivision Agreement between the TOWNSHIP OF ORO- MEDONTE AND HORSESHOE VALLEY LANDS LIMITED PARKLAND AND RECREATION BLOCK Parkland Cash in lieu in the amount of $ 7000 or alternative land dedication to Township of Oro - Medonte .- SCHEDULE "I" TOWNSHIP OF ORO- MEDONTE DECLARATION OF PROGRESS AND COMPLETION SUBDIVISION DEVELOPER CONSULTING ENGINEER As required by the Agreement between the CORPORATION OF THE TOWNSHIP OF ORO- MEDONTE AND HORSESHOE VALLEY HOMES LTD. The Developer(s) da The Developer hereby agrees and undertakes to complete the construction of the Works as required by the above - mentioned Agreement in accordance with the time schedule for the completion of services as approved by the Township Engineer and more specifically in accordance with the following schedule and conditions: a) Before any building erected on the lots or blocks in the Plan are occupied all the Requirements for Occupancy, as set out in Clause 8.5, shall be complied with. D] Granular "B" and Granular "A" on or before c) Grading, topsoiling and seeding of private blocks and parks on or before d) Boulevard sodding on all roads on or before e) Hot asphalt on or before f) Planting of trees on or before 2. The Developer further agrees that the Township is hereby authorized to carry out, at his expense, any of the work set out in this Declaration not finished on or before the completion dates, to be commenced not sooner than one week following such completion date, it being understood and agreed that the Township's authorization is limited only to that work required under the Declaration; 3. The Developer undertakes to properly maintain the gravel road base at all times and to keep all roads in a mud -free and dust -free condition . • until such times as the roads, including boulevards, have been completed; 4. The Developer further agrees and the Township is hereby authorized to undertake any of the maintenance work as set out under Item 3 hereof, not completed by him within 24 hours after receipt of such request for maintenance, at his expense, and without limiting the generality of the foregoing, the Township's cost shall be the cost of materials, equipment rental, labour, payroll burden, plus 20% for overhead; 5. It is understood and agreed that should the Developer fail to construct the remaining services to carry out the requirements of Item 3 as stipulated, and by such dates and within such time limits as provided by this undertaking, the Developer, notwithstanding the costs noted in Section 4, shall pay to the Township, as predetermined liquidated damages, the sum of FIFTY DOLLARS ($50.00) for each and every calendar day the said services are behind schedule of construction provided such delay is not caused by strikes or acts of God or additional work being required by the Township. Seal or Witness 50 HORSESHOE VALLEY LANDS LIMITED Date SCHEDULE "J" NOTE: It is understood and agreed that this Schedule forms part of the Subdivision Agreement between the TOWNSHIP OF ORO- MEDONTE AND HORSESHOE VALLEY LANDS LIMITED GENERAL LOCATION AND LOT GRADING PLANS PROCEDURE After the General Location and Lot Grading Plan have been approved by the Township, then: a) six copies to be delivered to the solicitor for the Township. b) six copies to be delivered to the Township. c) Mylars for each Plan incorporated into the Subdivision Agreement shall be delivered to the solicitor for the Township. 51 SCHEDULE "K" SUBDIVISION AGREEMENT - STANDARD FOR THE TOWNSHIP "STANDBY" LETTER OF CREDIT IRREVOCABLE LETTER OF CREDIT DATE OF ISSUE: NAME OF BANK: ADDRESS OF BANK: LETTER OF CREDIT NO.: AMOUNT: Except as otherwise expressly stated, this Letter of Credit is issued subject to the Uniform Customs and Practices for Documentary Credits (1993 Revision), being ICC Publication No. UCP 500. TO: THE CORPORATION OF THE TOWNSHIP OF ORO- MEDONTE P.O. Box 100, Oro Ontario, LOL 2X0 We hereby authorize you to draw on the Bank of Ontario, , for the account of up to an aggregate amount of , which is available on demand. Pursuant to the request of our said customer, , we, the Bank of , Ontario, , hereby establish and give to you an Irrevocable Letter of Credit in your favour, in the above amount, which may be drawn on by you at any time and from time to time, upon written demand for payment made upon us by you which demand we shall honour without enquiring whether you have the right as between yourself and our said customer to make such demand and without recognizing any claim of our said customer or objection by them to payment by us. Demand shall be by way of a letter signed by an authorized signing officer of the Corporation of the Township of Oro - Medonte. The original Letter of Credit must be presented to us at : Bank of , Ontario, . The Letter of Credit, we understand, relates to a Subdivision Agreement between our said customer and the Corporation of the Township of Oro - Medonte, with Mortgage Company, as a third party, regarding subdivision of (property description) The amount of this Letter of Credit may be reduced from time to time, as advised by notice in writing, given to us by an authorized signing officer of the Corporation of the Township of Oro - Medonte. Partial drawings shall be permitted. We hereby agree that partial drawings under this Letter of Credit will be duly honoured upon demand. This Letter of Credit will continue in force for a period of one year, but shall be subject to the condition hereinafter set forth. It is a condition of this Letter of Credit that it shall be deemed to be automatically extended without amendment from year to year, from the present or any future expiration date hereof, unless at least thirty (30) days prior to the present, or any future expiration date, we notify you in writing by 52 registered mail that we elect not to consider this Letter of Credit to be renewable for any additional period. Dated at , Ontario, this day of 20 . Authorized Signature Bank of 53 Authorized Signature LRO # 51 Notice Of Subdivision Agreement The`applicant(s) hereby applies to the Land Registrar. Receipted as SC957955 on 2012 01 17 at 13:08 yyyy mm dd Page 1 of 55 I Properties I PIN 74055 - 0123 LT FV Redescription Description LOTS 1 TO 16 INCLUSIVE, PLAN 51 M -981 AND BLOCKS 17 TO 22 INCLUSIVE, PLAN 51M -981; ORO- MEDONTE SIT EASEMENT OVER PT 1, 51 R -32020 AS IN LT522875 OVER ALL BLOCKS 17 & 18 AND PT LANDSCAPE DR, PLAN 51M -981; SIT EASEMENT OVER PT 2, 51 R31902 AS IN SC108651 OVER PT LT 9 & PT BLKS 19, 21 & 22 AND PT LANDSCAPE DR, PLAN 51 M -981 Address ORO I Applicant(s) I I The notice is based on or affects a valid and existing estate, right, interest or equity in land. Name THE CORPORATION OF THE TOWNSHIP OF ORO- MEDONTE Address for Service PO Box 100, 148 Line 7 South ORO ON LOL 2X0 This document is not authorized under Power of Attorney by this party. This document is being authorized by a municipal corporation by its Director of Development Services, Andria Leigh. Party To(s) Capacity Share Name HORSESHOE VALLEY LANDS LTD. Address for Service 1101 Horseshoe Valley Road, Comp. 50 BARRIE ON L4M 4Y8 Statements This notice is for an indeterminate period Schedule: See Schedules Signed By I Klaus Nick Jacoby 34 Clapperton St., P.O. Box 350, acting for Signed 201201 17 Stn. Main Applicant(s) Barrie L4M 4T5 Tel 7057260238 Fax 7057269197 I have the authority to sign and register the document on behalf of all parties to the document. Klaus Nick Jacoby 34 Clapperton St., P.O. Box 350, Stn. Main Barrie L4M 4T5 Tel 7057260238 Fax 7057269197 I have the authority to sign and register the document on behalf of all parties to the document. acting for Party To(s) Signed 201201 17 I Submitted By I JACOBY & JACOBY, BARRISTERS & SOLICITORS 34 Clapperton St., P.O. Box 350, 201201 17 Stn: Main Barrie L4M 4T5 Tel 7057260238 Fax 7057269197 LRO # 51 Notice Of Subdivision Agreement Receipted as SC957955 on 2012 01 17 at 13:08 The applicant(s) hereby applies to the Land Registrar. yyyy mm dd Page 2 of 55 Fees /Taxes /Payment Statutory Registration Fee $60.00 Total Paid $60.00 I File Number I Party To Client File Number: JK- 18,702 LRO # 51 Transfer Easement Receipted as SC957956 on 2012 01 17 at 13:08 The applicant(s) hereby applies to the Land Registrar. yyyy mm dd Page 1 of 3 Properties PIN 74055 - 0123 LT Interest/Estate Easement 0✓ Add Easement. Description BILKS 17 & 18, PL 51M -981; SIT EASEMENT IN LT522875; ORO- MEDONTE Address ORO Consideration Consideration $ 2.00 I Transferor(s) I The transferor(s) hereby transfers the easement to the transferee(s). Name HORSESHOE VALLEY LANDS LTD. Address for Service 1101 Horseshoe Valley Road, Comp. '50 BARRIE ON L4M 4Y8 I, JOHN BOVILLE, President, have the authority to bind the corporation. This document is not authorized under Power of Attorney by this party. I Transferee(s) Capacity Share I Name THE CORPORATION OF THE TOWNSHIP OF ORO- MEDONTE Address for Service PO Box 100, 148 Line 7 South ORO ON LOL 2X0 Statements Schedule: See Schedules Signed By Klaus Nick Jacoby 34 Clapperton St., P.O. Box 350, acting for Signed 201201 17 Stn. Main Transferor(s) Barrie L4M 4T5 Tel 7057260238 Fax 7057269197 I have the authority to sign and register the document on behalf of all parties to the document. Klaus Nick Jacoby 34 Clapperton St., P.O. Box 350, acting for Signed 201201 17 Stn. Main Transferee(s) Barrie L4M 4T5 Tel 7057260238 Fax 7057269197 I have the authority to sign and register the document on behalf of all parties to the document. Submitted By JACOBY & JACOBY, BARRISTERS & SOLICITORS 34 Clapperton St., P.O. Box 350, 201201 17 Stn. Main Barrie L4M 4T5 Tel 7057260238 Fax 7057269197 LRO # 51 Transfer Easement Receipted as SC957956 on 2012 01 17 at 13:08 The applicant(s) hereby applies to the Land Registrar. yyyy mm dd Page 2 of 3 Fees /Taxes /Payment Statutory Registration Fee $60.00 Provincial Land Transfer Tax $0.00 Total Paid $60.00 File Number Transferor Client File Number: JK- 18,702 LANDS TRANSFER TAX STATEMENTS In the matter of the conveyance of: 74055-0123 BLKS 17& 18,. PL 51M -981; S/T EASEMENT IN LT522875; ORO- MEDONTE BY: HORSESHOE VALLEY LANDS LTD. TO: THE CORPORATION OF THE TOWNSHIP OF ORO- MEDONTE %(all PINs) 1. ANDRIA LEIGH lam ❑ (a) A person in trust for whom the land conveyed in the above - described conveyance is being conveyed; ❑ (b) A trustee named in the above described conveyance to whom the land is being conveyed; ❑ (c) A transferee named in the above- described conveyance; ❑ ✓ (d) The authorized agent or solicitor acting in this transaction for THE CORPORATION OF THE TOWNSHIP OF ORO- MEDONTE described in paragraph(s) (C) above. ❑ (e) The President, Vice - President, Manager, Secretary, Director, or Treasurer authorized to act for described in paragraph(s) U above. ❑ (f) A transferee described in paragraph () and am making these statements on my own behalf and on behalf of who is my spouse described in paragraph U and as such, I have personal knowledge of the facts herein deposed to. 3. The total consideration for this transaction is allocated as follows: (a) Monies paid or to be paid in cash 0.00 (b) Mortgages (i) assumed (show principal and interest to be credited against purchase price) 0.00 (ii) Given Back to Vendor 0.00 (c) Property transferred in exchange (detail below) 0.00 (d) Fair market value of the land(s) 0.00 (e) Liens, legacies, annuities and maintenance charges to which transfer is subject 0.00 (f) Other valuable consideration subject to land transfer tax (detail below) 0.00 (g) Value of land, building, fixtures and goodwill subject to land transfer tax (total of (a) to (f)) 0.00 (h) VALUE OF ALL CHATTELS - items of tangible personal property 0.00 (i) Other considerations for transaction not included in (g) or (h) above 0.00 (j) Total consideration 0.00 0 Explanation for nominal considerations: o) Transfer of easement or right of way for no consideration. 5. The land is not subject to an encumbrance PROPERTY Information Record A. Nature of Instrument: Transfer Easement LRO 51 Registration No. SC957956 Date: 2012/01/17 B. Property(s): PIN 74055 - 0123 Address Assessment - ORO Roll No C. Address for Service: PO Box 100, 148 Line 7 South ORO ON LOL 2X0 D. (i) Last Conveyance(s): PIN 74055 - 0123 Registration No. SC774226 (ii) Legal Description for Property Conveyed : Same as in last conveyance? Yes ❑ No ❑✓ Not known ❑ E. Tax Statements Prepared By: Klaus Nick Jacoby 34 Clapperton St., P.O. Box 350, Stn. Main Barrie L4M 4T5 LRO # 51 Transfer Receipted as SC957965 on 2012 01 17 at 13:19 The applicant(s) hereby applies to the Land Registrar. yyyy mm dd Page 1 of 2 Properties PIN 74055 - 0123 LT Interest/Estate Fee Simple Redescription Description BLKS 19, 20, 21 AND 22, PLAN 51M -981; SIT EASEMENT OVER PT BLKS 19, 21, AND 22 PLAN 51M -981 AS IN SCI 08651; ORO- MEDONTE Address ORO Consideration Consideration $ 0.00 I Transferor(s) I The transferor(s) hereby transfers the land to the transferee(s). Name HORSESHOE VALLEY LANDS LTD. Address for Service 1101 Horseshoe Valley Road, Comp. 50 BARRIE ON L4M 4Y8 I, JOHN BOVILLE, President, have the authority to bind the corporation. This document is not authorized under Power of Attorney by this party. Transferee(s) Capacity Share Name THE CORPORATION OF THE TOWNSHIP OF Registered Owner ORO- MEDONTE Address for Service PO Box 100, 148 Line 7 South ORO ON LOL 2X0 Signed By Klaus Nick Jacoby 34 Clapperton St., P.O. Box 350, acting for Signed 201201 17 Stn. Main Transferor(s) Barrie L4M 4T5 Tel 7057260238 Fax 7057269197 I am the solicitor for the transferor(s) and the transferee(s) and this transfer is being completed in accordance with my professional standards. I have the authority to sign and register the document on behalf of all parties to the document. Klaus Nick Jacoby 34 Clapperton St., P.O. Box 350, acting for Signed Stn. Main Transferee(s) Barrie L4M 4T5 Tel 7057260238 Fax 7057269197 I am the solicitor for the transferor(s) and the tiansferee(s) and this transfer is being completed in accordance with my professional standards. I have the authority to sign and register the document on behalf of all parties to the document. 201201 17 I Submitted By I JACOBY & JACOBY, BARRISTERS & SOLICITORS 34 Clapperton St., P.O. Box 350, 201201 17 Stn. Main Barrie L4M 4T5 Tel 7057260238 Fax 7057269197 LRO # 51 Transfer Receipted as SC957965 on 2012 01 17 at 13:19 The applicant(s) hereby applies to the Land Registrar yyyy mm dd Page 2 of 2 Fees /Taxes /Payment Statutory Registration Fee $60.00 Provincial Land Transfer Tax $0.00 Total Paid $60.00 I File Number I Transferor Client File Number: JK- 18,702 LAND-TRANSFER TAX STATEMENTS In the matter of the conveyance of: 74055-0123 BLKS 19, 20, 21 AND 22, PLAN 51M-981; S/T EASEMENT OVER PT BLKS 19, 21, AND 22 PLAN 51M -981 AS IN SC108651; ORO- MEDONTE BY: HORSESHOE VALLEY LANDS LTD. TO: THE CORPORATION OF THE TOWNSHIP OF ORO- MEDONTE Registered Owner %(all PINs) 1. ANDRIA LEIGH lam ❑ (a) A person in trust for whom the land conveyed in the above - described conveyance is being conveyed; ❑ (b) A trustee named in the above - described conveyance to whom the land is being conveyed; ❑ (c) A transferee named in the above - described conveyance; ❑✓ (d) The authorized agent or solicitor acting in this transaction for THE CORPORATION OF THE TOWNSHIP OF ORO- MEDONTE described in paragraph(s) (c) above. ❑ (e) The President, Vice - President, Manager, Secretary, Director, or Treasurer authorized to act for described in paragraph(s) U above. ❑ (f) A transferee described in paragraph () and am making these statements on my own behalf and on behalf of who is my spouse described in paragraph U and as such, I have personal knowledge of the facts herein deposed to. 3. The total consideration for this transaction is allocated as follows: (a) Monies paid or to be paid in cash 0.00 (b) Mortgages (i) assumed (show principal and interest to be credited against purchase price) 0.00 . (ii) Given Back to Vendor 0.00 (c) Property transferred in exchange (detail below) 0.00 (d) Fair market value of the land(s) 0.00 (e) Liens, legacies, annuities and maintenance charges to which transfer is subject 0.00 (f) Other valuable consideration subject to land transfer tax (detail below) 0.00 (g) Value of land, building, fixtures and goodwill subject to land transfer tax (total of (a) to (f)) 0.00 (h) VALUE OF ALL CHATTELS - items of tangible personal property. 0.00 (i) Other considerations for transaction not included in (g) or (h) above 0.00 0) Total consideration 0.00 lei Explanation for nominal considerations: g) Transfer to a municipality pursuant to subdivision or development agreement, condominium approval or other municipal purposes: municipal purposes other than roads 5. The land is not subject to an encumbrance PROPERTY Information Record A. Nature of Instrument: B. Property(s) C. Address for Service Transfer LRO 51 Registration No. SC957965 PIN 74055 - 0123 Address ORO PO Box 100, 148 Line 7 South ORO ON LOL 2X0 Date: 2012/01/17 Assessment - Roll No D. (i) Last Conveyance(s): PIN 74055 - 0123 Registration No. SC957956 (ii) Legal Description for Property Conveyed : Same as in last conveyance? Yes ❑ No ❑✓ Not known ❑ E. Tax Statements Prepared By: Klaus Nick Jacoby 34 Clapperton St., P.O. Box 350, Stn. Main Barrie L4M 4T5