2022-004 By-law to Authorize the Execution of a Pre-Servicng Agreement with Oro Medonte Estates Inc. Plan 51R-31425The Corporation of the Township of Oro-Medonte
By-law No. 2022-004
A By-law to Authorize the Execution of a Pre -Servicing Agreement with Oro
Medonte Estates Inc. for:
Part of Lot 1, Concession 7 and part of the East Half of the West Half of Lot 2,
Concession 7 (Oro) and designated as Part 1, Plan 5111-31425; Township of Oro-
Medonte; PIN 58533-0019(LT)
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;
And Whereas the Council of the Township of Oro-Medonte deems it advisable to enter
into a Pre -Servicing Agreement with Oro Medonte Estates Inc. for the following lands:
Part of Lot 1, Concession 7 and part of the East Half of the West Half of Lot 2,
Concession 7 (Oro) and designated as Part 1, Plan 51 R-31425; Township of Oro-
Medonte; PIN 58533-0019(LT)
Now Therefore the Council 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 Pre -Servicing Agreement, a copy of which is
attached hereto and forms part of this By-law as Schedule 'A'.
2. That the Township of Oro-Medonte shall be entitled to enforce the provisions of
the Pre -Servicing Agreement against the owners of the land;
3. This by-law shall take effect on the final passing thereof.
By-law read a First, Second and Third time, and Passed this 12th day of January,
2022.
The Corporation of the Township of Oro-Medonte
Mayor, H.S. 44ghes
Cler Yvonne_Aubichon
i
�To� f
Proud Heritage, Exciting Future
PRE -SERVICING AGREEMENT
- between -
ORO MEDONTE ESTATES INC.
-and-
THE CORPORATION OF THE TOWNSHIP
OF ORO-MEDONTE
Part of Lot 1, Concession 7 and part of the East Half of the West Half of Lot 2,
Concession 7 (Oro) and designated as Part 1, Plan 51 R-31425; Township of Oro-
Medonte; PIN 58533-0019(LT)
TOWNSHIP OF ORO-MEDONTE
COUNTY OF SIMCOE
January 12, 2022
By -Law No. 2022-004
PRE -SERVICING AGREEMENT
THIS AGREEMENT MADE BETWEEN:
THE CORPORATION OF THE TOWNSHIP OF ORO-MEDONTE
- and -
ORO MEDONTE ESTATES INC.
(hereinafter called the "Township")
(hereinafter called the "Developer")
WHEREAS the Developer is the registered owner of the lands described in Schedule
"A" attached (the "Subdivision Lands");
AND WHEREAS the Developer desires to commence installing municipal services
within the Subdivision Lands, prior to the registration of the Plan of Subdivision and the
execution of the Subdivision Agreement with the Township;
NOW THEREFORE THE PARTIES HERETO AGREE AS FOLLOWS:
ASSUMPTION OF RISK BY DEVELOPER
1.1 The Developer agrees to assume all risk in commencing installation of Township
services, as defined in Article 1.4 hereof, on the Subdivision Lands, prior to the
execution of a Subdivision Agreement with the Township and the registration of
the Plan of Subdivision. The Developer hereby releases the Township, its
agents, servants and employees from and against all actions, suits, claims and
demands whatsoever, which may arise either directly or indirectly as a result of
the installation of Township services by the Developer.
1.2 The Developer acknowledges and agrees that, in the event that a Subdivision
Agreement with the Township is not finalized for any reason and the Plan of
Subdivision is not registered as a result, pre -servicing of the Subdivision Lands
shall cease immediately.
1.3 The Developer acknowledges and agrees that Engineering design plans and
specification for the Township services to be installed by the Developer, as
submitted to the Township, in accordance with the terms of this Agreement, may
require further amendment as a result of requirements imposed by the Township
under the terms of the Subdivision Agreement to be entered into for the
Subdivision Lands. The Developer covenants and agrees to assume all risk and
responsibility for the cost of required revisions to the Engineering design
drawings and specifications for the Township services, together with the costs of
modifying, reconstructing, removing and/or replacing the Township services
installed by the Developer, pursuant to the terms of this Agreement, in order to
satisfy the requirements finally imposed by the Township at the time that the
Subdivision Agreement is entered into.
The Engineering Design plans are as follows:
PEARSON ENGINEERING LTD (Project No. 17090)
• DRAWINGS LIST AS PER APPROVED SUBMISSION
TITLE PAGE
GENERAL NOTES
General Servicing Plan GN-1
General Servicinq Plans
General Servicing Plan GS-1
General Servicing Plan GS-2
Storm Drainaqe Plans
Storm Drainage Plan STM-1
Storm Drainage Plan STM-2
Post -Development Storm Catchment Plan STM-3
Storm Sewer Design Sheets PD-1
Lane Markinq Plan
Lane Marking Plan LM-1
Water Svstem
Watermain Plan WM-1
Watermain Plan WM-2
Lot Gradinq Plans
Lot Grading Plan
LG-1
Lot Grading Plan
LG-2
Lot Grading Plan
LG-3
Lot Grading Plan
LG-4
Lot Grading Plan
LG-5
Lot Grading Plan
LG-6
Lot Grading Plan
LG-7
Lot Grading Plan
LG-8
Lot Grading Plan
LG-9
Plan and Profile Drawinqs
Ruby Ridge Road
'STA 0+000 To 0+260
PP-1
Ruby Ridge Road
STA 0+260 To 0+500
PP-2
Ruby Ridge Road
STA 0+500 To 0+720
PP-3
Ruby Ridge Road
STA 0+720 To 1+025
PP-4
Ruby Ridge Road
'STA 1+025 To 1+265
PP-5
Ruby Ridge Road
STA 1+265 To 1+367.21
PP-6
James Cooke Place
STA 0+000 To 0+243.22
PP-7
Forest Heights Court
STA 0+000 To 0+171.27
PP-8
Future Line 6 North Realignment
STA 0+000 To 0+300
PP-9
Future Line 6 North Realignment
STA 0+300 To 0+540
PP-10
Future Hickory Lane
STA 0+300 To 0+247
PP-11
County Road 22
STA 0+000 To 0+220
PP-12
County Road 22
STA 0+220 To 0+460
PP-13
Section Details County Road 22
SEC-1
Section Details Line 6 North Realignment & Hickory Lane
SEC-2
Stormwater Manaaement Plan
North Pond Plan View
SWM-1
North Pond Cross -Sections
SWM-2
North Pond Outlet Details
SWM-3
South Pond Plan View
SWM-4
South Pond Cross -Sections
SWM-5
South Pond Outlet Details
SWM-6
South Pond Inlet Details
SWM-7
Flood Plain Mapping Plan
FLP-1
Siltation and Erosion Control
Erosion and Sediment Control Plan
ESCP-1
7
Erosion and Sediment Control Plan ESCP-2
Erosion and Sediment Control Plan ESCP-3
Desiqns Standards Drawinqs
Notes and Details
ND-1
Notes and Details
ND-2
Notes and Details
ND-3
Notes and Details
ND-4
Notes and Details
ND-5
Notes and Details
ND-6
DRAFT LEGAL PLAN
M-Plan (Guido Papa Surveying) 51 M-
Utilities
Hydro Plan (Hydro One Networks Inc.)
00340-18-049
Hydro Plan (Hydro One Networks Inc.)
0340-18-049-1
Hydro Plan (Hydro One Networks Inc.)
0340-18-049-2
Streetlight System (RTG Systems Inc.)
SL-1
Streetlight System (RTG Systems Inc.)
SL-2
Accepted for Construction on behalf of the Township by The Jones
Consulting Group Ltd. on August 19, 2019
1.4 The Developer acknowledges and agrees that this Agreement relates to and
permits the installation of the following Township services on the Subdivision
Lands:
1. Site preparation (clearing and grubbing, strip, load, transport off -site and
stockpile on -site topsoil);
2. Earthworks (on -site grading and excavation, importing and placing fill);
3. Road works;
4. Installation of watermain; and
5. Drainage works, storm sewers and stormwater management works.
Table 1: Timing of Commencement of Works — Phase 2
Description Timing of Commencement of Works
P1 I Immediately.
1.5 The Developer acknowledges and agrees that no work shall be carried out on
any existing Township right-of-way, and that there shall be no connection to
services on any Township right-of-way.
1.6 The Developer acknowledges and agrees that no work shall be carried out on
lands not owned by the Developer, without the written consent of the owner to be
filed with and approved by the Township.
1.7 The Developer acknowledges and agrees that all Servicing Plans must comply
with Federal, Provincial and Township laws, By-laws, standards and policies.
2. REQUIREMENTS PRIOR TO THE COMMENCEMENT OF WORK
2.1 The Developer agrees to submit the following to the Township, in a form
satisfactory to the Township, prior to the commencement of the installation of
Township services on the Subdivision Lands:
a) A letter from a qualified Engineer experienced in the field of Township
services confirming:
Retainer - That their firm has been retained by the Developers to act as
Consulting Engineers for Oro Medonte Estates Inc..
2. Terms of Retainer - The terms of their retainer with the Developer as
follows:
a) Plans and Specifications -Prepare plans and specifications for the
construction of Township services;
b) Cost Estimates - Prepare cost estimates for the Township services
to be constructed from the drawings;
c) Approvals - Obtain all necessary approvals to construct;
d) Co-ordination - Co-ordinate the installation of Township services to
avoid conflicts with regards to telephone, cable T.V., and Township
services;
e) On -Site Inspections - Ensure that all on -site inspections of
Township service installations are conducted by the Developer's
Consulting Engineers at all times during construction;
f) As -Constructed Drawings - Submit certified "as -constructed"
drawings after acceptance of the Township services;
g) Change in Retainer — If at any time during the project:
i) The terms of their retainer are changed by the Developer, or;
ii) If they become aware that they will not be able to provide "as
constructed" drawings, they will notify the Township within
twenty-four (24) hours;
h) Erosion and Siltation Control - Ensure all necessary precautions are
taken to prevent erosion and sedimentation of sewers, ditches,
culverts, slopes, etc., both within the subdivision and downstream,
prior to and during construction.
b) Confirmation letters are to be filed with the Township Clerk, confirming the
following:
1) The Township Engineering Consultant has no objection to the pre -
servicing;
2) The Planning Division has no objection to the pre -servicing;
3) The Nottawasaga Valley Conservation Authority has no objection to the
pre -servicing; and
4) The Township Solicitor has no legal objections to the pre -servicing.
c) Payment of cash or certified cheque required to cover the cost of the
Township's lawyer and Planner for all costs involved in processing the Pre -
Servicing Agreement, and for all the Township Engineering Consultant for
checking of plans, specifications and inspection on behalf of the Township for
the sum of Ten Thousand Dollars ($10,000) as per Schedule `C' attached.
As accounts are received from the Township Planner, lawyer, and
Engineering Consultant, they will be paid by the Township and then submitted
to the Developer for reimbursement within thirty (30) days. In the event that
the deposit is drawn down to a level of Five Thousand Dollars ($5,000) or
less, and the Developer does not pay the accounts within thirty (30) days, it is
hereby understood and agreed that the Developer is in default of this
Agreement and all work must cease;
d) A Letter of Credit, as per Schedule "E", in the amount set out in Schedule "D",
attached, as security to ensure the due completion of the Township services
to be constructed by the Developer, and as security to be held by the
Township for the warranty periods to be more particularly described in the
Subdivision Agreement for the Subdivision Lands. The said Letter of Credit
shall provide that if in the sole opinion of the Township, default under the
terms of this Agreement has taken place, the said Letter of Credit may
thereupon be drawn upon in whole or in part;
e) A certified copy of an insurance policy, or a certificate of insurance, confirming
comprehensive general liability in the amount of Five Million Dollars
($5,000,000.00), naming the Township and The Jones Consulting Group Ltd.
as co-insured, and containing the following additional provisions or
endorsements:
1) Products/Completed Operations provisions;
2) Cross -liability clause;
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.
f) All Servicing Plans shall be submitted to and accepted by the Township
Engineering Consultant.
INSPECTION BY THE TOWNSHIP
3.1 The Developer agrees to permit unrestricted access to the Subdivision Lands to
the Township and its agents for the purpose of inspection of the Township
services to be installed by the Developer. Notwithstanding that inspections may
be conducted by the Township or its agents, the Developer shall bear sole
responsibility for the soundness of the Engineering design of the Township
services, and for ensuring that the Township services to be installed will function,
as intended, and will be compatible with the final Plan of Subdivision when and if
such Plan of Subdivision is approved.
3.2 If, in the opinion of the Township, there is an emergency situation as a result of
any work undertaken by the Developer or its servants, or agents, which requires
immediate attention to avoid damage to private or public property or services
owned by the Township or to eliminate a potential hazard to persons, such work
may be done immediately by the Township at the expense of the Developer, but
notice shall be given to the Developer at the earliest possible time.
4. APPLICATION OF SECURITY
4.1 In the event of default by the Developer under the terms of this Agreement, or if
the Township is required to enter onto the Subdivision Lands or the abutting
Township lands to conduct any work on the Township services or the connection
of the Township services to facilities due to an emergency, the Township shall be
entitled to draw upon the security posted by the Developer pursuant to the terms
of this Agreement, in whole or in part, to cover the costs incurred by the
Township in remedying the default on the part of the Developer, or in addressing
the emergency situation.
NO REDUCTION OF SECURITY
5.1 The Developer acknowledges and agrees that no reduction in the amount of
security filed by the Developer with the Township, in accordance with the terms of
this Agreement, shall be permitted until such time as the Developer has entered
into the Subdivision Agreement for the Subdivision Lands with the Township.
Thereafter, any reductions in the security posted by the Developer shall be
completed in accordance with the terms of the said Subdivision Agreement.
6. NO ASSUMPTION OF TOWNSHIP SERVICES
6.1 The Developer acknowledges and agrees that the Township shall not be required
to assume the Township services to be constructed by the Developer, pursuant
to the terms of this Agreement, until such time as the Developer has entered into
a Subdivision Agreement with the Township for the Subdivision Lands, and the
Township services have been completed, inspected, and approved.
7. NOTICE
7.1 Any notice required to be given pursuant to this Agreement may be given by
prepaid registered post to the Developer at the following address:
Oro Medonte Estates Inc.
155 Romania Drive
Concord, Ontario L4K 4Z9
and such notice shall be deemed to have been given and received on the third
day after mailing.
8. NO ASSIGNMENT
8.1 The Developer shall not assign or otherwise transfer the benefit of this
Agreement without the written consent of the Township, which may be
unreasonably withheld.
IN WITNESS WHEREOF the Developer has hereunto set its hands and seals this
5ch day of JANUARY, 2022.
ORO MEDONTE ESTATES INC.
l
Per:
(sign t
Name: GRAZIANO PALUMBO
Position:
I have authority to bind the corporation
ENZO PALUMBO (print)
(print)
IN WITNESS WHEREOF the Township has hereunto sets its hands and seals this
12TH day of JANUARY , 2022.
THE
Per:
Per:
OF THE TOWNSHIP OF ORO-MEDONTE
H.S. Hughes, Mayor
Yvonne Aubichon, Clerk
s
SCHEDULE "A"
DESCRIPTION OF LANDS:
Part of Lot 1, Concession 7 and part of the East Half of the West Half of Lot 2,
Concession 7 (Oro) and designated as Part 1, Plan 51 R-31425; Township of Oro-
Medonte; PIN 58533-0019(LT)
PROPOSED M-PLAN:
4'I i ��'135j Y1 v tl
SCHEDULE"B"
io+mev�vart '
LIM rp
,rlo.wwr'omomiivaanz � .m.-=�_�—'
Ej (� ,f ,'I I• �pd apt �i®_ J
PHASE 2 DESIGN PLAN:
�, '. �• 11-;'�,
�„-tee—>
�F
PEARSON
�11 ENGIN6E0.1NG.
¢s�vswo- uY
x63
�
Its]
SCHEDULE"C"
CASH DEPOSITS TO BE FILED WITH THE TOWNSHIP:
Township's lawyer and Planner for all costs involved in processing the Pre -
Servicing Agreement, and for all the Township's Engineers for checking of plans,
specifications and inspection on behalf of the Township.
$10,000
TOTAL CASH DEPOSITS TO THE TOWNSHIP $10,000
A Letter of Credit as security to ensure the due completion of the Township
services to be constructed by the Developer, and as security to be held by the
Township for the warranty periods to be more particularly described in the
Subdivision Agreement for the Subdivision Lands.
The following are Summaries of the Engineering Cost Estimates for Phase 1,
Connection Option A, and Connection Option B, as per the detailed Engineering Cost
Estimates prepared by Pearson Engineering Ltd. dated August 15, 2019 and included in
the Accepted for Construction document and drawing submission August 19, 2019.
The following Tables and attached spreadsheets summarize the pre -servicing cost
estimate amounts and respective Township Securities for Phase 1, Connection Option
A and Connection Option B:
PRE -SERVICING SECURITIES TO BE DEPOSITED WITH THE TOWNSHIP:
Phase 2 = $1,315,741.60 * As Per SCHEDULE "D"
I
SCHEDULE xxDaa
ESTIMATE
PEARS O N
(COST
Forest Helgtas Estates, Towmhhp of Oro44edonte PHASE 2 ENGINEERING LTD.
ITEM I
I DESCRIPTION
NO. II
[Part 1 Site Preparation and Earthwosia
1.1
Maintain sediment control fence
1.2
Suppy, instal and maintain sedimenl control fence
1.3
Supply, instal and maintain double sediment control fence around stockpiles
1.4
Supply, imlal and maintain 3.Om x 30.0m x 150mm mud mat
1.5
Hydro seed topsoil stock pile
1.6
Supply. Instal rock check dams as per Plosion and Sediment Control Plans
1.7
Supply, Instal temporary sediment prods dwhkkeabottoms
1.8
Suppy, Instal and maintain 300mm temporary damage culverts
1.9
Supply, [rate] retaintng walls at South side of charnel '
1.10
SuonN. instal relaintm wall East c(Lot 45 a
_-_.._ ......._
Sub -Total Part 1 Site Preaaratlon and Earthworks
Pat 2 Stamrvater Management Works
2.1
Supply, [rate] 300mm diem PVC storm sewer pipe
22
Supply, hand 375mm clam PVC stem sewer pipe
2.3
Suppy, insta1450mm diem PVC storm sewer ppe
2A
Supply, Instal 600mm diem ceic. sloth sewer pipe
2.5
Supply, lotal 1500mm dam Precast concrete manhole
2.6
Supply, Instal 1500mm dam Precast concrete calchbash manhole
2.7
Supply, Insta11500mm dam Precast concrete double catchoadnmanhole
2.8
Supply. Insta11500mm do OGS
2.9
Supply, instal Single inlet calchbashn 600mmx600mm chV300mm lead
2.10
Supply, Ir dal Double inlet catchbash 1200mmx6OOmm chv 375mm lead
2.11
Supply. ]rate[ Ditch hint calchbasin 600mmx600mm chv300mm lead
2.12
Supply, ]rate[ 1000mmx4000mm concrete box culvert
2.13
Comed Into existing Phase 1 STM manhole, Uvall restorations
2.14
Suppy, Instal Ndex reinforcement mals In channel
2.15
Supply. Instal 450mm dim FUPE cuWd al existing nrdesac.
Stomxvater Managerent Pond
216
Excavale and shape SWM pond to pre grade elevalions
2.17
Fine grade SIAM pond dd 150mm fopsol and seed
2.18
Supply, instal 1800mm da control manhole at pond hill
2.19
Supply, Imlal critics plates w9Nn control maintenance hole
220
Supply, Instal concrete headwall as per OPSD- 8D4.030, regrade as necessary
2.21
Supply, Instal C035 cable mat at headwals, as per drarmgs
222
Construct 10.Om emergency spihvaycompete win CG35 cable mad
2.23
Comimct forebaysplhsaycomplete with CC-35 cable mat
Z24
Construct overland Dam rode chamel, cAV CG35 cable mi
Pond Access Road
225.1 a)Supply, Place and compact 200mm ofGranlar'R
2252 b) Supply, place and compact 150mm of Grarxdar'A'
225.3 c) Supply, place and compact 50nm of 1-11.3 asphalt
2.26 Simply and Install4.5m smote s%inq one
Sub -Total Pant momff MamgemetWorks
Part3 Watenmin and Appurtenances
(Watettaln Includes al ten, Crosses, herds, reducers, restraints, bedding, etc)
3.1 Connect to existing 250mm dam. Walermain in Rally Ridge Road cNlrestorations
3.2 Supply, Instal 250mm dlam PVC wadarrain
3.3 Supply Instal 250mm clam gale valve and box
3.4 Supply, istal fire hydrant clw 150mm dam lead, valve, anchor tee and [trust Nockng
3.5 Supply, Install 19mm diem mmkipex water service(bng) MY curb stop and trace %ire
3.6 SuonN.instal 19mm Gam munkinex water service(short) chv cub stop and two %ire
Sub -Total Part 3 Watemein and Appurtenances
Ilion: 4 Road and Surface Works
4.1 Shape, compact to Pregrade elevations
RubV MO RoadUanws Cooke Plate
4.2A a) Supply, place and compact 300mm of Grandar'&
42.2 b) Supply. place and compact 150mm of Grarrdar'N
423 c) Suppy, place and compact 50mm ofHLB asphalt
4.3 Supply, Instal 150mm dla subdraln
Asphalt Shoulde
4.AA a) Sppy, place and compact 150mm of GraNaf'A'
4.5 Supply; Instal concrete rolover curb
4.5 Supply, Instal street light coopdele with power supply
4.7 Suc,�N. Instal quard rail al on retaking walls
Pat4Road rtl Surta 8Inkrks
ISub-Total Part( SAe Preparationand Earthworks
!Sub -Total Part2 StomWeter MamgmwtWOrks
jSub-Total Part 3 YValenmki and Appurtenances
jPart4 Road and Sudace Works
Total
Copy of Cost Estimate- Phase 2-PSA- Dec 172021
2021-12-17
PROJECT NO.17090
UNIT
EST. '
WIT
TOTAL
SECURITY
SECURITY
QLANT
PRICE
AMOUNT PERCENTAGE
TOTAL
Is
1
S2,500.00
$2,500.00
1DO%
$2.500.00
in
1,964
$19.00
$37,126.00
100%
$37,126.00
in
783
$38.00
$29,754.00
100%
$29,754.00
Ba
1
$4.500.00
$4,50020
100%
$4.500.00
m2
8.150
$0.50
$4,075.00
100%
$4,075.00
a
11
$150.00
$1,650.00
100%
$1.650.00
m
3
$10,OOD.00
$30,000.00
100%
$30,000.00
RI
5
$2,50D.00
$12,500.00
100%
$12,500.00
m2
284
$500.00
$142,DDO.00
50%
$71.006.60
m2
120
$5W.00
$60.000.00
50%
$30.000.00
$324,105.00
5229,105001
m
658
$250.00
$164500.06
50%
$82.250.0, I
m
193
$300.D0
$57.810.00
50%
$28,905.011
in
45
$350.00
$15,750.00
50%
$7,875.0r 1
Is
190
$600.00
$114.00.00
50%
$57,000.0,1
a
12
$10.500.00
$126,000.00
50%
MAMA- I
se
11
$10,500.00
$115,500.00
50%
$57,750.00
we
1
$10,50D.00
$10500.00
50%
$5,250.u0r
we
1
$32,000.00
$32000.00
50%
$16,000.0i 1
W
14
$4250.00
$59,500.00
50%
$29.750.011
ea
2
S6,500.00
$13,000.00
50%
$6,500.0ni
as
2
$4,250.00
$8,500.00
5D%
$4,250.00
m
45
$2,500.00
$112,500.00
50%
$56,250.Dri
N
1
$2,500.00
$2,500.00
50%
$1,260A01
m2
4,385
$25.00
$1D9,625.00
50%
$54.8125C'
In
9
$250.00
$2,250.00
5D%
$1,125.00
111'
1,053
$4.90
$5,159.70
50%
$2,579.%-
m2
5,500
$8.00
$44,000.00
50%
$22000.00
1
$11.000.00
$11,000.00
5D%
$5,500.00-
m
3
$500.00
$1,500.00
50%
$750.0Dr
ea
4
$6,000.00
$24,000.00
50%
$12,000.00
m2
15
$275.00
$4,125.00
50%
$2,ontic
Is
1
$17,000.00
$17.000.00
50%
$8.500.00•
Is
1
$4,500.00
$4.500.00
50%
$2,250.00
Is
1
$3,500.00
$3,500.00
50%
$1,750.00
11112
673
$12.00
a076.00
60%
$4,0380C
m2
673
$9.50
$6.393.50
50%
$3,196.75
t2
673
$11.00
$7,403.00
56%
$3,701.50
ea
2
$1,750.00
$3500.00
50%
$1.750.00
�$1,094,09220
$54284LID
Is
1
$8,500.00
$8150020
50%
$4,250.00
in
1,333
$225.00
$299.926.00
50%
$149.96150
on
4
$3,300.00
$13.200.00
50%
$6,600.00
ee
8
S6,500.00
$52,DDO.00
50%
$26,000.00
ea
22
$2.500.00
$55,000.DO
50%
$27,500.00
Be
32
S2.000.00
$64.000.00
50%
$32.000.00
I
$492,625.00
$240,31250
m2
10.670
SUO
$16,005.D0
50%
$8,002.50
m2
10,670
$11.00
$117,370.00
50%
$58,685.00
m2
10.670
$9.50
$101,365.00
5D%
$50,682.50
in
7.630
$11.00
$83.930.00
50%
$41,955.00
in
2,100
$24.00
$50,400.00
50%
$25,200.00
m2
1,658
$9.50
$15,761.00
50%
$7,875.50
In
2,169
$65.00
$140.985.00
50%
$70,492.50
W
7
$5,000.00
$35,0D020
50%
$17.500.00
an
191
$250.DO
$47v750.00
50%
$$23.875.00
S60&556.00
$309,27400
$324,105.00
S223,105,00
$1,084,09220
$542,046.10
-- -
$492,625.00
_$608.556.00
_ $246,312.50
$304.278.
- -
$2,509,378.20
$1,315,741.10�
12
SCHEDULE "E"
PRE -SERVICING AGREEMENT - STANDARD FOR THE TOWNSHIP
"STANDBY" LETTER OF CREDIT
IRREVOCABLE LETTER OF CREDIT
DATE OF ISSUE:
NAME OF BANK:
ADDRESS OF BANK:
LETTER OF CREDIT NO.:
AMOUNT: $ 1,315,741.60
Except as otherwise expressly stated, this Letter of Credit is issued subject to the Uniform
Customs and Practices for Documentary Credits (1993 Revision), being ICC Publication No.
UCP 500.
TO: THE CORPORATION OF THE TOWNSHIP OF ORO-MEDONTE
P.O. Box 100, Oro Ontario, LOL 2X0
We hereby authorize you to draw on the Bank of
Ontario, , for the account of
up to an aggregate amount of ($$$$$$$$$$$)
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 Pre -Servicing Aqreement between our said customer and the
Corporation of the Township of Oro-Medonte, with Mortaaae Companv, 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 registered mail that we elect not to consider this
Letter of Credit to be renewable for any additional period.
Dated at
Authorized Signature
Bank of
Ontario, this day of
Authorized Signature
20
13