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94-4 COUNTY OF ELGIN By-Law No. 94-4 "BEING A BY-LAW TO AUTHORIZE THE WARDEN AND THE CLERK TO SIGN A DEVELOPMENT AGREEMENT WITH JAMES DOUGLAS AND HELEN McWILLIAMS" WHEREAS James Douglas and Helen Mcwilliams have requested to enter into a Development Agreement with the Village of Dutton and the County of Elgin, which outlines the terms and conditions under which said Agreement shall be honoured; and WHEREAS the requirements and standards of the Elgin County Engineer and Road Superintendent have now been satisfied; and WHEREAS the County of Elgin deems it desirable to reduce such Agreement to writing under the proper signing authorities and corporate seal. NOW THEREFORE the Municipal Council of the Corporation of the County of Elgin enacts as follows: 1. That the Warden and the Clerk be authorized to sign the said Development Agreement with James Douglas and Helen McWilliams and the Village of Dutton. 2. That the Developer shall, prior to issuance of the Authorization to Commence Works, issue to the County Treasurer, an irrevocable Letter of Credit in the amount of $20,000.00, payable to the Corporation of the County of Elgin, as required in Item No. 5.7.1.1, guaranteeing performance of all their obligations. READ a first and second time this 25th day of January, 1994. READ a third time and finally passed this 25th day of January, 1994 ~. ~¿ D. V. Chute Warden.