Chain Link Fence
Transcription
Chain Link Fence
." Chaparral Valley Phase I Schedule I RESTRICTIVE COVENANT AS TO USE OF LAND MEMORANDUM OF AGREEMENT made this ,Rnd day of Ab~, 2007. BETWEEN: j 1246659 ALBERTA LTD, a body corporate with an office in the City of Calgary, in the Province of Alberta (hereinafter called the "Grantor") OF THE FIRST PART - and1246659 ALBERT A LTD, a body corporate with an office in the City of Calgary, in the Province of Alberta (hereinafter called the "Grantee") OF THE SECOND PART WHEREAS the Grantor is the registered owner of those certain lands (the "Servient Lands") in the Province of Alberta described in Schedule "A" attached hereto and fanning an integral part hereof and each lot comprising the Servient Lands is hereinafter sometimes called a "Lot" and collectively the "Lots"; AND WHEREAS the Grantee is the registered owner of those certain lands (the "Dominant Lands") in the Province of Alberta described in Schedule "B" attached hereto and forming an integral part hereof; AND WHEREAS the Grantor holds title to the Dominant Lands in trust for Genstar Development Company, the developer of the subdivision in which the Dominant Lands and Servient Lands are located (and in such capacity, is sometimes hereinafter referred to as "Genstar"); " AND WHEREAS those certain Lots listed in Schedule "C" hereto are hereinafter called the "Feature Fence Lots"; AND WHEREAS those of the Lots listed in Schedule "D" hereto are hereinafter called the "Wood Screen Fence Lots"; AND WHEREAS those of the Lots listed in Schedule "E" hereto are hereinafter called the "Chain Link Fence Lots"; - 2-' AND WHEREAS those of the Lots listed in Schedule "F" hereto are hereinafter called the "Walkway Fence Lots"; AND WHEREAS the Grantor does agree to restrict its right of use and development of the Lots by prohibiting the construction of certain improvements or the placement of non-permanent structures and chattels on the yards of the Lots, and to prohibit the alteration or disrepair of certain fencing on certain of the Lots. NOW THEREFORE this Agreement witnesseth that in consideration of the premises and as authorized by the Land Titles Act of the Province of Alberta, the Grantor being the registered owner of all the lands comprising the Servient Lands does, for itself, its successors in title and assigns of the Servient Lands, and each Lot, covenant and agree with the Grantee and its successors in title and assigns to observe and be bound by the following covenants: ARTICLE 1 SATELLITE DISHES, CLOTHES LINES AND ANTENNA 1.1 Notwithstanding any land use or development by-law of the City of Calgary, no satellite dish over 18" in diameter, clothes line, television antenna, short wave radio antenna or any communication antennae of any size or type shall be installed, erected or be allowed to remain on any of the Lots. 1.2 Notwithstanding any land use development by-law of the City of Calgary, no carport, playhouse, gazebo, shed or other storage structure shall be erected or constructed on any of the Lots. ARTICLE 2 GARAGES AND RECREATIONAL VEHICLES 2.1 Notwithstanding any land use or development by-law of the City of Calgary, no garage shall be constructed on any of the Lots unless the plans and specifications of such garage is approved in writing by Genstar prior to the commencement of construction thereof. 2.2 No motor home, utility trailer or recreational vehicle of any size, shape or form shall be allowed to remain on any of the Lots unless housed at all times within a fully enclosed garage, the design of which must be approved by Genstar or its successors or assigns. ARTICLE 3 FENCING 3.1 The Grantor acknowledges that Genstar may be constructing feature fencing on a portion the side yard of the Feature Fence Lots where such lots abut a municipal roadway, which fencing may be designed, located and constructed in Genstar's sole discretion, but shall generally be 1.8 metres high and constructed in accordance with the specifications shown in Schedule "G" hereto, some of which may also include stone tile pillars (the "Feature Fence"). The Grantor agrees to allow the initial construction of the Feature Fence and its continued existence. Further, it shall be the responsibility of the Grantor and subsequent owners of the Feature Fence Lots to properly /01l6J34.v/ , -3maintain, repair, rebuild and otherwise keep the Feature Fence in good condition in accordance with the details and specifications shown in Schedule "G". 3.2 The Grantor acknowledges that Genstar may be constructing wood screen fencing on the rear yard of the Wood Screen Fence Lots where they abut another residential lot or multi-family site, which fencing may be designed, located and constructed in Genstar's sole discretion, but shall generally be 1.8 metres high and constructed in accordance with the specifications shown in Schedule "HI! hereto, some of which may also include stone pillars (the "Wood Screen Fence"). The Grantor agrees to allow the initial construction of the Wood Screen Fence and its continued existence. Further, it shall be the responsibility of the Grantor and subsequent owners of the Wood Screen Fence Lots to properly maintain, repair, rebuild and otherwise keep the Wood Screen Fence in good condition in accordance with the details and specifications shown in Schedule "H". 3.3 The Grantor acknowledges that Genstar may be constructing chain link fencing on the rear yards of the Chain Link Fence Lots where they abut a municipal reserve parcel, environmental reserve parcel or the Blue Devil Golf Course, and a portion of the side yards of such Chain Link Fence Lots, which chain link fencing may be designed, located and constructed in Genstar's sole discretion, but shall generally be 1.2 metre high black vinyl chain link fencing (the "Chain Link Fence"). The Grantor agrees to allow the initial construction of the Chain Link Fence and its continued existence. Further, it shall be the responsibility of the Grantor and subsequent owners of the Chain Link Fence Lots to properly maintain, repair, rebuild and otherwise keep the Chain Link Fence in good condition in accordance with the details and specifications shown in Schedule "I". 3.4 The Grantor acknowledges that Genstar may be constructing walkway fencing on the side yard of the Walkway Fence Lots where they abut a public walkway, which fencing may be designed, located and constructed in Genstar's sole discretion, but shall generally be wood screen fencing constructed in accordance with the specifications set forth in Schedule "J". The Grantor agrees to allow the initial construction of the Walkway Fence and its continued existence. Further, it shall be the responsibility of the Grantor and subsequent owners of the Walkway Fence Lots to properly maintain, repair, rebuild and otherwise keep the Walkway Fence in good condition in accordance with the original details and specifications shown in Schedule "J" in the case of the wood screen fence. ARTICLE 4 GENERAL 4.1 The Grantor covenants and agrees with itself, its successors and assigns in title to observe and be bound by the covenants contained herein PROVIDED THAT the said covenants shall be personally binding upon the Grantor and its successors and assigns in title only while and so long as it remains the owner of the Lots, and the said covenants shall be construed to be and shall be covenants running with the Servient Lands and shall be appurtenant to other lands in the Evergreen Subdivision and to all of the Dominant Lands. 4.2 Genstar may, with respect to any breach of the obligations by the owner or owners of the Lots enforce the provisions of this restrictive covenant and may, in addition to any other remedy /OU6,,1.,-/ -4- that may be available at law, apply to a Court of competent jurisdiction to restrain such breach by injunction. Genstar shall have no duty to enforce the provisions of this restrictive covenant and no action shall lie against it with respect to enforcement of this restrictive covenant and this clause shall be an absolute defence to any such action. 4.3 If any provision of this Restrictive Covenant Agreement shall be determined by a Court of competent jurisdiction to be invalid or unenforceable to any extent, the remainder of this Agreement shall not be affected thereby and each provision hereof shall be enforced to the fullest extent permitted by law. 4.4 Words herein importing a number or gender shall be construed in grammatical conformance with the context of the party or parties affected by this Agreement from time to time. 4.5 This Restrictive Covenant is granted by the Grantor in accordance with the provisions of section 71(1) of the Land Titles Act (Alberta) R.S.A. 1980, Chapter L-5. 4.6 This Restrictive Covenant may be registered per se or by way of a Caveat by Genstar against the Lots in the Land Titles Office for the South Alberta Land Registration District. 4.7 In Genstar's sole discretion, Genstar may at any time during the currency of this restrictive covenant, delegate the authority to enforce the provisions hereof to a group of individuals representative of owners of lots located within the Dominant Lands, which group of landowners shall be chosen by Genstar in its sole discretion (the "Committee"). After such delegation, the Committee shall determine the terms of reference by which the composition of the Committee shall be reconstituted in the future, provided that at all times, the Committee shall be composed entirely of individuals owning lots within the Dominant Lands or individuals designated as representatives of corporations owning lots within the Dominant Lands. 4.8 Notwithstanding anything to the contrary herein, Genstar (or the Committee, if Genstar has effected the delegation contemplated by clause 4.7 hereof) may, in its sole discretion, determine that the covenants herein contained shall no longer bind the Servient Lands and accordingly abandon any and all rights and obligations herein contained. Such determination shall be effective as and from the date that notice in writing to that effect is advertised in a daily circulation newspaper in the City of Calgary. Genstar shall have no obligation to remove this Restrictive Covenant or any caveat pursuant hereto from title to the Servient Lands notwithstanding such determination. /111165).1,./ " -5- C)0:ateseaIS IN WITNESS WHEREOF, the Grantor and Grantee have caused their respective to be affixed by their duly authorized officers in this behalf this Bl1d day of ~2007. I GRANTOR: 1246659ALBERTA L Per: '9W"'~ ~ Per: GRANTEE: 1246659ALBERTA LT~f Per: ~/4' per:~ /006JJ4.v/ ._---------------------------------_. __ ._.. ISSIREV: A UMA FILE NAME: Saved By: tedi(MIs 0699·885·00_04·L·F005_RX.dwg 2"X6"WOOD TOP RAIL ____________ 4- X S- WOOD POST ---------, - 2"X6"WOOD NAILERS A SIZE 8.5" x 11' (215.9mm x 279.4mm) PLOT: 07110125 9:54:16 AM 2" X 6" WOOD TOP RAIL ---. 2" X 6" WOOD NAILERS ~?' <-; 2500 ~~ 2"X6"WOOD ANGLED CROSS BEAM 4"X6" WOOD POST IN ELEVATION 2"XS"WOOD ANGLED CROSS BEAM (IN ELEVATION) TILE STARTS MIN. 25mm ABOVE GRADE 2" X 6" ATTACHED TO PILLAR (TYP.) FRAMED 5/8" PRESSURE TREATED PLYWOOD, ON CONCRETE FOOTING WI PILE EXTENDING 2.1 m BELOW GRADE '" X6" WOOD PlANK / ~~ 2"XS"WOOD NAILERS IL BACK ~ 200 mm 400 1"XS"WOOD PLANK Z ~ ~ FRONT FEATURE FENCE WITH OR WITHOUT STONE PILLARS SECTION o 2"x6"WOOD BOn-OM RAILS ~mm SCALE 1:20 o SCALE1:50 SIC 1000 1500 mm HEIGHT FENCE STONE: MANUFACTURE: CORONADO. ph. 403-203-0881 PATTERN: MOUNTAIN LEDGE COLOUR: RUNDLE LUMBER: TYPE: GRADE: FINISH: CEDARS4S C SELECT LlFETlME® WOOD TREATMENT NOTE: STONE PILlAR MAY BE SUBSTITUTED FOR A 6"xS" WOOD END POST. Genstar Development Company Chaparral Valley Community Concepts & Themes Fences UMA AECOM Feature Fence With & Without Pillars Schedule - G -------~I_)~.------------------------~' J~--------------------------~~ ISS/REV: A UMA FILE NAME: 0699-885-00_04-L-F006_RX.ctwg Saved By: lY""iley A SIZE 8.5' x 11· (215.9mm x 279.4mm) PLOT:07/11J0212:51:28 PM 4· X 6' WOOD POST --- . 2" X 6" WOOD TOP RAIL --~ 2" X 6" WOOD NAILERS 2500 2" X 6" CROSS BEAM WOOD. WOOD SCREEN FENCE LFL=:J mm SCALE 1:50 o 5W lOW 1 BOO mm HEIGHT lYPE: GRADE: FINISH: CEDARS4S C SELECT LlFETIME® WOOD TREATMENT Genstar Development Company Chaparral Valley Community Concepts & Themes Wood Screen Fence UMA AIECOM Schedule - H ISS/REV: A UMA FILE NAME: 0699-885-00 04-l-FOOB_RX.dwg PLOT: 07/101241:43:18 Saved By: fediows PM A SIZE 8.5' x 11' (215.9nvn x 279.4mmj CHAIN LINK FENCE -------. VINYL COATED FABRIC ---, BOTTOM CABLE ----/ CHAIN LINK FENCE LF"L=:::J o 300 mm SCALE 1:30 600 1200 mm HEIGHT BLACK VINYL COATED Genstar Development Company Community Chaparral Valley Concepts & Themes Chain Link Fence Schedule -I UMA AECOM ___ ..;..J'l, ).-------------- •.. _-J--------------- . ) • ISSIREV: A UMA FILE NAME: 0699-885-00_04-L-F004_RX.dwg Saved By: pwiley A SIZE8.5' x 11' (215.9mmx 279.4mm) PLOT: 07/11/02 3:20:11 PM 4- X 6- WOOD POST ~ 2" X 6- WOOD TOP RAIL . 2" X 6" WOOD NAILER ~ 2500 \ ~I ~ ~ n ~ "~ ~ , J-t ~ *,~~ ~~lIffll ~~~:Tf' @ ......• ~ <, T' . fJh: ~ j I 2 X 6" WOOD CROSS BEAM ~ WALKWAY WOOD SCREEN FENCE L:::f=L::::J o SOO mm 1000 SCALE 1:SO WOOD. TYPE: GRADE: FINISH: CEDARS4S CSELECT LlFETIME® WOOD TREATMENT Genstar Development Company Chaparral Valley Community Concepts & Themes Walkway Fences UMA I AECOM Schedule - J ', 1246659 ALBERTA LTD. CAVEAT MACLEOD DIXON BARRISTERS & SOLICITORS #3700,400 - 3rd Avenue S.W. Calgary, Alberta T2P 4H2 File: 178456 SGR R;IRUSIlFOK1GENSTAR NEWlCAVMTSlCAVEAT-4< CIIAd •• CANADA )1, Stephen G. Raby, Solicitor )of the City of Calgary, in the Province of PROVINCE OF ALBERT A TO WIT: )Alberta, MAKE OATH AND SAY AS FOLLOWS: 1. I am the agent for the above-named Caveator. 2. I believe that the said Caveator has a good and valid claim upon the said land and I say that this Caveat is not being filed for the purpose of delaying or embarrassing any person interested in or proposing to deal therein. SWORN before me at the City of Calgary, in the Province of Alberta, this 25th day of October, 2007. ) ) ) A COMMISSION KATHRYN L. RUSHFORD A~issionerforOaths., My CommISSIOn Expires Jutt 29. lOD r~ Q f = = :>:CJ :;0 <, o ::IE :>:- •...• z :::0 rn 10 !\;IRUSHFOKIGENSTAR,NEWlCA oc VEAJ"S\Cr\ VEAT.oI5 CIIA·d ALBERTA GOVERNMENT SERVICES LAND TITLES OFFICE IMAGE OF DOCUMENT REGISTERED AS: 071607913 ADVISORY This electronic image is a reproduction of the original document registered at the Land Titles Office. Please compare the registration number on this coversheet with that on the attached document to ensure that you have received the correct document. Note that Land Titles Staff are not permitted to interpret the contents of this document. Please contact the Land Titles Office at (780) 422-7874 if the image of the document is not legible. CAVEAT FORBIDDING REGISTRATION TO THE REGISTRAR OF the South Alberta Land Registration District TAKE NOTICE that 1246659 ALBERTA LTD. of #100, 280 Midpark Way S.E., Calgary, Alberta, T2X 2B5, claims an interest in the under-mentioned lands under and by virtue of a Restrictive Covenant as to Use of Land made by 1246659 Alberta Ltd. as Grantor and 1246659 Alberta Ltd. as Grantee, a true of which is attached hereto and marked as Schedule "1": FIRSTLY: en PLAN I 0'32.'3 BLOCK 2 LOTS 3 TO 72 INCLUSIVE EXCEPTING THEREOUT ALL MINES AND MINERALS SECONDLY: PLAN OJ 16'323 BLOCK 3 LOTS 1 TO 40 INCLUSIVE and LOTS 43 TO 151 INCLUSIVE EXCEPTING THEREOUT ALL MINES AND MINERALS Standing in the register in the name of 1246659 Alberta Ltd. and it forbids the registration of any person as transferee or owner of, or of any instrument affecting the said estate or interest, unless the instrument or certificate of title, as the case may be, is expressed to be subject to its claim. WE APPOINT STEPHEN G. RABY, MESSRS. MACLEOD DIXON, Barristers and Solicitors, 3700,400 - 3rd Avenue S.W., Calgary, Alberta T2P 4H2 as the place at which notices and proceedings relating hereto may be served. DATED this 25th day of October, 2007. 1246659 ALBERTA LTD. By its Solicitor and Agent Macleod Dixon Per: R;IRIISHFOKlGENSTt\R NEWlCAVMTSICAVMT-45 ClIA.doc -5 IN WIlNESS c;zorate WHEREOF, the Grantor and Grantee have caused their respective seals to be affixed by their duly authorized officers in this behalf this and day of ~2007. I GRANTOR: 1246659ALBERTAL~~ Per: ~ Per: GRANTEE: 1246659ALBERTA L~f ~/4' Per: Per: (ifi;ft4 IOtI6!J4.,/ ------ ------ ---~ SCHEDULE "A" TO A RESTRICTIVE COVENANT AGREEMENT MADE THIS 6( h d DA Y OF ~)2007 LEGAL DESCRIPTION OF SERVIENT LANDS FIRSTLY: PLAN _ BLOCK 2 LOTS 3 TO 72 INCLUSIVE EXCEPTING THEREOUT ALL MINES AND MINERALS SECONDLY: PLAN _ BLOCK 3 LOTS 1 TO 40 INCLUSIVE, LOTS 43 TO 151 INCLUSIVE EXCEPTING THEREOUT ALL MINES AND MINERALS IM6JJ4.vl ~--------------------------. ALBERTA GOVERNMENT SERVICES LAND TITLES OFFICE IMAGE OF DOCUMENT REGISTERED AS: 071607914 ADVISORY This electronic image is a reproduction of the original document registered at the Land Titles Office. Please compare the registration number on this coversheet with that on the attached document to ensure that you have received the correct document. Note that Land Titles Staff are not permitted to interpret the contents of this document. Please contact the Land Titles Office at (780) 422-7874 if the image of the document is not legible. CAVEAT FORBIDDING REGISTRATION TO THE REGISTRAR OF the South Alberta Land Registration District TAKE NOTICE that 1246659 ALBERTA LTD. of #100, 280 Midpark Way S.E., Calgary, Alberta, T2X 2B5, claims an interest in the under-mentioned lands under and by virtue of a Restrictive Covenant re Parkside Lots made by 1246659 Alberta Ltd. as Covenantor, a true of which is attached hereto and marked as Schedule "1": FIRSTLY PLAN 01/ b"3 Z3 BLOCK 2 LOTS 3 TO 12 INCLUSIVE, LOTS 19 TO 28 INCLUSIVE AND LOTS 58 TO 65 INCLUSIVE EXCEPTING THEREOUT ALL MINES AND MINERALS SECONDLY· PLAN I {, '3 2-3 BLOCK 3 LOTS 15 TO 40 INCLUSIVE, LOTS 43 TO 59 INCLUSIVE EXCEPTING THEREOUT ALL MINES AND MINERALS en Standing in the register in the name of 1246659 Alberta Ltd. and it forbids the registration of any person as transferee or owner of, or of any instrument affecting the said estate or interest, unless the instrument or certificate of title, as the case may be, is expressed to be subject to its claim. WE APPOINT STEPHEN G. RABY, MESSRS. MACLEOD DIXON, Barristers and Solicitors, 3700, 400 - 3rd Avenue S.W., Calgary, Alberta T2P 4H2 as the place at which notices and proceedings relating hereto may be served. DATED this 25th day of October, 2007. 1246659 ALBERTA LTD. By its Solicitor and Agent Macleod Dixon Per: R·\RVSIlFOK'GENSTAR.NEW,CAVEAIS\CAVEAT-46 CIIPVLY doc Chaparral Valley Phase 1 Schedule 1 RESTRICTIVE COVENANT PARKSIDE WHEREAS LOTS 1246659 Alberta Ltd, a body corporate with an office in the City of Calgary, in the Province of Alberta (hereinafter sometimes referred to as the "Covenantor" and sometimes as "Genstar" as the context of this Restrictive Covenant may require) is the registered owner of those certain lands legally described as set forth in Schedule "A" attached hereto (hereinafter referred to as the "Servient Lands"); AND WHEREAS the Servient Lands are located in an area in the City of Calgary, developed and identified by Genstar as "Chaparral Valley", and Genstar is the owner of lands therein and in the vicinity thereof which it holds for future development, without restricting the generality and in particular, but of the foregoing, Genstar is the registered owner of lands legally described as set forth in Schedule "B" hereto (hereinafter referred to as the "Dominant Lands"); AND WHEREAS it is the desire and intention of Genstar to impose upon the Servient Lands beneficial restrictions under a general plan or scheme of improvement for the general benefit of the Dominant Lands and the future owners of the Dominant Lands; AND WHEREAS the Servient Lands abut a municipal reserve parcel, environmental reserve parcel or the Blue Devil Golf Course. NOW, THEREFORE, the Covenantor hereby for itself, its transferees and assigns and successors in title, declare, covenant and agree as follows: 1. The Servient Lands shall not be transferred, conveyed, hypothecated or encumbered, leased, rented, used, occupied or improved, excepting subject only to the following limitations, restrictions, conditions and covenants, all of which are declared and agreed to be in furtherance of a plan for the improvement and sale of the Servient Lands and Dominant Lands and are established desirability, I and agreed upon for the purposes of enhancing and attractiveness and protecting the value, of both the Servient Lands and the Dominant Lands and every -2 part thereof. All of the limitations, restrictions, conditions and covenants shall run with the Servient Lands and shall be binding on all parties having or acquiring any right, title or interest in the Servient Lands or any part thereof. 2. No building, fence, wall, landscaping, or other structure or improvement as that term is defined in the City of Calgary Land Use By-law shall be commenced, erected, maintained or shall stand, nor shall any addition to or change or alteration therein be made, until plans and specifications showing the nature, kind, shape, height, materials, landscaping, colour scheme, and sitings of such improvement, together with the grading plan of the Servient Lands, have been submitted to and approved approved, lodged permanently in writing by Genstar and a copy thereof, as finally with Genstar. any such plans or specifications Genstar shall have the right to refuse to approve or grading plan which are not suitable or desirable, in the absolute opinion of Genstar, and during the review of such plans, specifications plan, Genstar shall have the right to take into consideration the suitability and grading of the proposed improvement, the harmony thereof with the surroundings, and the effect of the improvements on the outlook from the Dominant Lands or any other neighbouring property. 3. In particular, notwithstanding but without restricting the generality any City of Calgary by-law development restrictions, in the course of commencing any improvement, or any addition of the foregoing and the Covenantor shall not, to or change or alteration thereof, contravene any of the specific development requirements set forth in this clause 3. Such specific development entitled requirements are set by Genstar as guidelines to apply its sole discretion to the enforcement only and Genstar shall be and relaxation, without liability whatsoever, in respect of any or all of such covenants, namely: (a) Dwelling Set-backs - Notwithstanding Use or Development the provisions of any City of Calgary Land By-Law, any dwelling house, ancillary buildings or out- buildings to be constructed on the Servient Lands: (i) shall be set-back a minimum of 10.0 meters from the rear property line of the Servient Lands where the depth of such lot is in excess of35.5 metres; L..- . . -3(ii) shall be set-back a minimum of 7.5 meters from the rear property line of the Servient Lands where the depth of such lot is less than 33 meters; and (iii) where the lot depth is between 33 meters and 35.5 meters, the minimum set-back shall be 7.5 meters plus the number of meters by which the depth of the lot exceeds 33 meters. Notwithstanding the foregoing, decks attached to a dwelling- house and raised more than 0.61 metres above grade level may encroach onto the set-back but must be at least 6.0 metres from the rear property line of the Servient Lands. (b) Open Space - No structure, movable structure, storage shed, play house, satellite dish, telecommunications antennae, clotheslines or other fixture, piece of equipment or chattel (a "Structure") shall be erected, placed or allowed to remain within six (6) metres of the rear property line of the Servient Lands (such 6 metre area being hereinafter called the "Open Area"). No Structure may be erected, placed or allowed to remain on the rear yard of the site which does not form part of the Open Area without approval by Genstar in accordance with the provisions of Clause 2 hereof as if such Structure were an improvement to which clause 2 would otherwise apply. Any fencing installed within the Open Area (excluding fencing along the side property lines which may be screened) shall be constructed of black vinyl clad chain link and shall be a maximum 1.2 metres in height. (c) Garages - No garages may be constructed on the rear yards of any of the Servient Lands. 4. No external alterations, additions or changes to the structure or design appearance in respect of any improvement on the Servient Lands may be made, done or permitted except as shall conform to and comply with the restrictions and conditions and requirement for prior written approval of Genstar as heretofore contained in this agreement. 5. In order to secure the strict compliance with clauses 1 through 4 hereof by the Covenantor, Genstar may require, in its absolute discretion, that, prior to the commencement or alteration of any improvement on the Servient Lands, the Covenantor shall deposit with Genstar 11106/71..1 -4a sum of money, bond, letter of credit or some other form of security satisfactory in form and amount to Genstar in its discretion (such security being hereinafter referred to as the "Security Deposit"). The Security Deposit shall be returned to the Covenantor, without interest, only if the requirements of clauses 1 through 4 hereof are fully met by the Covenantor in respect of the construction or alteration of the said improvement, the determination thereof being in the sole discretion of Genstar. In the event of a breach by the Covenantor of any of the provisions of clauses 1 through 4 hereof, Genstar shall be entitled to retain such portion of or all of the Security Deposit as may be necessary to compensate Genstar for its damages suffered as a result of such breach which damages shall include, without restricting the generality of the foregoing, the cost of remedying any such breach. The retention of the Security Deposit or portion thereof shall not be deemed to be a penalty but shall be partial satisfaction of Genstar's damages and such retention shall be without prejudice to any other rights or remedies available to Genstar at law. 6. The restrictive covenants set out herein are enforceable jointly and severally by Genstar and the registered owner or registered owners from time to time of the Dominant Lands and any waiver by any registered owner of any portion of the Dominant Lands of the strict performance of the covenants set out herein shall not of itself constitute a waiver or abrogate the covenants set out herein. 7. The rights, privileges, covenants and obligations herein contained shall extend to, shall be binding upon and shall enure to the benefit of the parties hereto and every purchaser or transferee or subsequent registered owner of the Servient Lands or the Dominant Lands as the case may be and their respective successors and assigns. 8. Any provision of this agreement made void or rendered invalid by any law in force in the Province of Alberta or adjudged not to be a covenant running with the Servient Lands shall not invalidate or render unenforceable the remaining provisions of this agreement. 9. No action shall lie as against the Covenantor for damages for the breach of any one or more of the covenants contained in this agreement unless such party remains the registered owner of the Servient Lands and is proven by a court of competent jurisdiction to be in JU06471.,/ -5breach of this agreement. This covenant shall constitute an absolute defence to any such action and may be pleaded as such. 10. Genstar shall be entitled to enforce the provisions of this Restrictive Covenant in its complete and absolute discretion and may, without reasons, determine not to enforce any or all of the covenants herein contained without liability whatsoever. In particular, without limiting the generality of the foregoing, Genstar may waive, alter or modify these restrictions in respect to any portion of the Servient Lands without notice to the owner of any other portion of the Dominant Lands as long as Genstar retains ownership of any portion of the Dominant Lands and provided that such waiver, alteration or modification does not reasonably offend the spirit and intent of this Restrictive Covenant. In specific respect of set-back requirements set forth in clause 3(a), but without limiting the generality of the foregoing, Genstar may, in its sole discretion, relax the minimum set-back requirements having regard to the proposed building's appearance, height, orientation on the site and variation of vertical planes. Notwithstanding the obligations of the owner of the Servient Lands to obtain the prior written approval of Genstar, Genstar and its successors in title to the Dominant Lands shall not be liable for damage for the breach of any obligation to provide consent to construction of improvements on the Servient Lands, nor shall any action lie as against Genstar or its successors in title to the Dominant Lands for failure to enforce the provisions of this Restrictive Covenant against the owner from time to time of any portion of the Servient Lands. This covenant shall constitute an absolute defence to any such action and may be pleaded as such. 11. In Genstar's sole discretion, Genstar may at any time during the currency of this restrictive covenant, delegate the authority to enforce the provisions hereof to a group of individuals representative of owners of lots located within the Dominant Lands, which group of landowners shall be chosen by Genstar in its sale discretion (the "Committee"). After such delegation, the Committee shall determine the terms of reference by which the composition of the Committee shall be reconstituted in the future, provided that at all times, the Committee shall be composed entirely of individuals owning lots within the Dominant Lands or individuals designated as representatives of corporations owning lots within the Dominant Lands. IIJ06172,/ -612. Notwithstanding anything to the contrary herein, Genstar (or the Committee, if Genstar has effected the delegation contemplated by clause 11 hereof) may, in its sole discretion, determine that the covenants herein contained shall no longer bind the Servient Lands and accordingly abandon any and all rights and obligations herein contained. Such determination shall be effective as and from the date that notice in writing to that effect is advertised in a daily circulation newspaper in the City of Calgary. Restrictive Covenant notwithstanding 13. or any caveat Genstar shall have no obligation to remove this pursuant hereto from title to the Servient Lands such determination. Words herein importing a number or gender shall be construed in grammatical conformance with the context of the party or parties affected by this Agreement from time to time. 14. This Restrictive Covenant is granted by the Covenantor in accordance with the provisions of section 71(1) of the Land Titles Act (Alberta) R.S.A. 1980, Chapter L-5. 15. This Restrictive Genstar against the Servient Covenant may be registered per se or by way of a Caveat by Lands in the Land Titles Office for the South Alberta Land Registration District. IN WITNESS WHEREOF 1246659 Alberta Limited has hereunto affixed its corporate seal, duly attested by its properly authorized officers, this ~ day of 2007. 1246659 ALBERTA L__ Per: Per: Id0647hl ~ AJo~, SCHEDULE "A" TO A RESTRICTIVE THIS dnd DA Y OF LEGAL DESCRIPTION FIRSTL Y COVENANT AJQ~, MADE 2007 OF SERVIENT LANDS PLAN _ BLOCK 2 LOTS 3 TO 6 AND 8 TO 12 INCLUSIVE, LOTS 19 TO 28 INCLUSIVE AND LOTS 58 TO 65 INCLUSIVE EXCEPTING THEREOUT ALL MINES AND MINERALS SECONDL Y PLAN _ BLOCK 3 LOTS 15 TO 40 INCLUSIVE, LOTS 43 TO 59 INCLUSIVE EXCEPTING THEREOUT ALL MINES AND MINERALS ) SCHEDULE "B" TO A RESTRICTIVE MADE THIS dne). LEGAL DESCRIPTION FIRSTL Y: PLAN BLOCK 2 LOT 2 COVENANT DAY OF YOtJUrL/WtJ,2007 OF DOMINANT LANDS _ EXCEPTING THEREOUT ALL MINES AND MINERALS SECONDL Y: THE SERVIENT LANDS 1246659 ALBERTA LTD. CAVEAT MACLEOD DIXON BARRISTERS & SOLICITORS #3700,400 - 3rd Avenue S.W. Calgary, Alberta T2P 4H2 File: 178456 SGR R;\RUSHFOK\GENSTAR,NEIDCAVMTS\CAYEAT-46 QIPVLV.doo CANADA PROVINCE OF ALBERTA TO WIT: )1, Stephen G. Raby, Solicitor )of the City of Calgary, in the Province of )Alberta, MAKE OATH AND SAY AS FOLLOWS: 1. I am the agent for the above-named Caveator. 2. I believe that the said Caveator has a good and valid claim upon the said land and I say that this Caveat is not being filed for the purpose of delaying or embarrassing any person interested in or proposing to deal therein. SWORN before me at the City of Calgary, in the Province of Alberta, this 25th day of October, 2007. KATHRYN L RUSHFORD ACommIssioneflor Oaths;) My CommissionExpiresJuly 29.Ji- R·\RUSflFQJ(\CENSTAR.NE\\~CAVEATSlCAVgAT-46 CIlPVL), doe aD ) ) ) ?