AND RATIONALE Clause Samples

AND RATIONALE. Attached to this report is the negotiated Utility Service Agreement between the City of Prince ▇▇▇▇▇▇, meeting these objectives. The trailer court owners have executed the Agreement, so Council has opportunity with its decision to reject or enter the proposed Agreement. Administration is presenting the negotiated Utility Service Agreement for consideration by City Council. The report is recommending that Council provides its conditional approval (subject to receipt of a certified cheque or Solicitor's trust cheque within 30 days), upon receipt of funds the City signing officers would be authorized to sign and return the executed Agreement. In the event the payment would not be made within 30 days, then the water and sewer services would be shut down on a specified date. Attached are relevant sections of the Utility Service Agreement: Term of Agreement The term and effective duration of this Agreement (in respect of both water service and sanitary sewer service to the Land shall be for the period commencing and effective from the 28th day of August, 2017 to and until the 31st day of December, 2024, notwithstanding the date of execution (effectively a five year term from August 2020).

AND RATIONALE. Administration has successfully negotiated to a final agreement with PARWU for the supply of water, with PARWU sending the City the final signed agreement for execution by the City. The final agreement is the culmination of negotiations between Administration and PARWU on a number of items within the agreement that both PARWU and the City had concerns about. These items are generally described below:

AND RATIONALE. Good Shepherd Villas Inc. – License Agreement Small Billboards – License Agreement

AND RATIONALE. With the establishment of PAREDA, came a new, fresh direction for Economic Development in Prince ▇▇▇▇▇▇. In May of 2019, a formal Board was established which consists of representatives of a number of different sectors across the region. Further, a RPT 20-241 Page 3 of 5 specific tourism representative was also assigned to the Board. ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ has vast experience in the tourism industry and offers a very unique perspective to the Board. As per the PAREDA Framework which was developed in collaboration with members of the Prince ▇▇▇▇▇▇ Region, tourism was established as one of 4 pillars in which the PAREDA has adopted as a mandate moving forward. With such a strong PAREDA Board and an enthusiastic CEO with an exciting vision for the tourism industry, there has never been a better time to move forward in this new direction. ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ will report regularly to City Council, to keep them apprised of tourism directives as she forges ahead. The attached agreement describes the expectations of PAREDA in regards to tourism in Prince ▇▇▇▇▇▇ while also touching on management of the tourism center, operational costs and maintenance, goals and objectives, staffing, and grant funding. Specifically regarding grant funding, an initial contribution of $140,000 has been established for the initial term of the agreement, to be reviewed yearly during the City Budget process. This figure matches past allocations to Prince ▇▇▇▇▇▇ tourism by City Council.