Council Agenda Monday, May 28, 2012 - City of St. John's

THIS AGREEMENT made at St. John's, Newfoundland this day of 2012.
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BETWEEN:
CITY OF ST. JOHN'S, a statutory corporation under the City
of St. John's Act, R.S.N., c. C-17
(hereinafter called the 'City')
AND
EQUITY CAPITAL CORPORATION , a corporation duly
registered to carry on business in the Province of
Newfoundland (hereinafter called the 'Developer')
WHEREAS, the Developer has made application to the City for approval to develop a twenty nine
(29) lot residential subdivision to be known as Kilbride Subdivision – Stage 1 , on which Single
Detached Dwellings will be constructed and located on property generally situate off
Connolly’s Lane and more particularly described in Schedule 'A' attached hereto which Schedule
forms part of this Agreement (hereinafter called the 'Development').
AND WHEREAS applications involving any Subdivision requiring the extension or construction of
municipal services or public or private roads are approved by the City in the form of a Development
Agreement in accordance with the requirements of the St. John's Development Regulations
(hereinafter called the 'Development Regulations').
NOW THIS AGREEMENT that in consideration of the sum of One Dollar ($1.00) paid by each
party hereto to the other (the receipt of which each party hereby acknowledges) and the covenants
contained herein and other good and valuable consideration the parties hereto agree as follows. The
City hereby grants approval to the Developer for the Development subject to the following
conditions:
1) The Developer covenants that it is the owner in fee simple of the lands herein contained.
2) The Developer covenants and agrees to carry out all work on the Development in accordance
with the approved Subdivision Plan as described in Schedule 'A' attached hereto which
Schedule forms part of this Agreement.
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