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PART 5 - CALCULATION OF APPLICABLE CHARGES 5.1 The amount of amenity cost charges payable in relation to a particular development shall be calculated using the applicable charges set out in Schedule “A” to this bylaw. 5.2 Where a type of development is not specifically identified in Schedule “A” to this bylaw the amount of amenity cost charges to be paid to the City shall be equal to the amenity cost charges that are payable for the most comparable type of development. 5.3 The amount of amenity cost charges payable in relation to a mixed-use development shall be calculated separately for each type of use separately, in accordance Bylaw No. 14646 Page 4 of 6 with Schedule “A” to this bylaw, based on the uses included in the building permit application and the total amenity cost charges payable shall be the sum of the amenity cost charges payable for each type of use.

PART 5 - CALCULATION OF APPLICABLE CHARGES 5.1 The amount of amenity cost charges payable in relation to a particular development shall be calculated using the applicable charges set out in Schedule “A” to this bylaw. 5.2 Where a type of development is not specifically identified in Schedule “A” to this bylaw the amount of amenity cost charges to be paid to the City shall be equal to the amenity cost charges that are payable for the most comparable type of development. 5.3 The amount of amenity cost charges payable in relation to a mixed-use development shall be calculated separately for each type of use separately, in accordance with Schedule “A” to this bylaw, based on the uses included in the building permit application and the total amenity cost charges payable shall be the sum of the amenity cost charges payable for each type of use.

This Bylaw may be cited as BURNABY DEVELOPMENT COST CHARGES RESERVE FUNDS BYLAW 2024. 2.

Pursuant to section 188 of the Community Charter, Council hereby establishes the statutory Amenity Cost Charges Reserve Fund to receive funds from the imposition of an amenity cost charge. 3.

CITY OF BURNABY BYLAW NO. 14683 A bylaw to establish waivers and reductions for amenity cost charges and development cost charges (Consolidated for Convenience with Bylaw 14817) The Council of the City of Burnaby enacts as follows: PART 1 - CITATION 1.1 This bylaw may be cited as BURNABY WAIVERS AND REDUCTIONS OF AMENITY COST CHARGES AND DEVELOPMENT COST CHARGES BYLAW 2024.

ARTICLE 7 INSURANCE 7.1 The Owner will insure, or cause to be insured, the Non-Market Housing Units and the Building containing such Non-Market Housing Units to the full replacement cost thereof against perils normally insured against by reasonable and prudent owners of similar buildings and lands in Burnaby and those additional policies set out in Appendix B attached hereto. 7.2 Upon request, the Owner will provide to the City proof of insurance coverage required by section 7.1 of this Agreement.

ARTICLE 7 INSURANCE 7.1 The Owner will insure, or cause to be insured, the Non-Market Units and all buildings and structures within the Rental Air Space Parcel to the full replacement cost thereof against perils normally insured against by reasonable and prudent owners of similar buildings and lands in Burnaby and those additional policies set out in Appendix B attached hereto. 7.2 Upon request, the Owner will provide to the City proof of insurance coverage required by section 7.1 of this Agreement.

Proportion of Total 2025 Revenue 2025 Funding Source % of Total Revenue Taxation Revenue 40.5% Sale of Goods and Services 17.0% Community Benefit Bonus 10.7% Other Revenue 8.6% Investment Income 8.6% Transfer from Other Governments 6.4% Transfers from Restricted Funds and Development Cost Charges 3.8% Parcel Taxes 2.6% Contributed Asset Revenue 1.1% Growth Infrastructure Investment 0.7% Total 100% The proportion of total revenue raised from each funding source in 2025 is presented in the table above.

Proportion of Total 2025 Revenue 2025 Funding Source % of Total Revenue Taxation Revenue 40.5% Sale of Goods and Services 17.0% Community Benefit Bonus 10.7% Other Revenue 8.6% Investment Income 8.6% Transfer from Other Governments 6.4% Transfers from Restricted Funds and Development Cost Charges 3.8% Parcel Taxes 2.6% Contributed Asset Revenue 1.1% Growth Infrastructure Investment 0.7% Total 100% The proportion of total revenue raised from each funding source in 2025 is presented in the table above.

The Owner, at its own cost, maintain throughout the term of the Housing Agreement, all of the following insurance: (a) “all risks” (including flood and earthquake) property insurance on all insurable property and broad form boiler and machinery insurance in respect of the Lands (the “Property”), and all objects owned, leased, or for which the Owner is legally responsible, or operated by the Owner or by others on behalf of the Owner in the Property or relating to or serving the Property, with reasonable deductibles, and which insurance will cover all property owned or leased by the Owner or for which the Owner is legally liable located on or about the Property, including but not limited to, all buildings, structures, contents, and the Owner’s improvements, in an amount not less than the full appraised replacement cost thereof and including a by- law endorsement; and (b) commercial general liability insurance written on an occurrence form with inclusive limits of not less than Five Mil

ARTICLE 7 INSURANCE 7.1 The Owner will insure, or cause to be insured, the Non-Market Units and all buildings and structures within the Lands to the full replacement cost thereof against perils normally insured against by reasonable and prudent owners of similar buildings and lands in Burnaby and those additional policies set out in Appendix B attached hereto. 7.2 Upon request, the Owner will provide to the City proof of insurance coverage required by section 7.1 of this Agreement.

ARTICLE 7 INSURANCE 7.1 The Owner will insure, or cause to be insured, the Non-Market Units and all buildings and structures within the Rental Air Space Parcel to the full replacement cost thereof against perils normally insured against by reasonable and prudent owners of similar buildings and lands in Burnaby and those additional policies set out in Appendix B attached hereto. 7.2 Upon request, the Owner will provide to the City proof of insurance coverage required by section 7.1 of this Agreement.

ARTICLE 7 INSURANCE 7.1 The Owner will insure, or cause to be insured, the Non-Market Units and all buildings and structures within the Rental Air Space Parcel to the full replacement cost thereof against perils normally insured against by reasonable and prudent owners of similar buildings and lands in Burnaby and those additional policies set out in Appendix B attached hereto. 7.2 Upon request, the Owner will provide to the City proof of insurance coverage required by section 7.1 of this Agreement.

ARTICLE 6 INSURANCE 6.1 The Owner will insure, or cause to be insured, the Required Inclusionary Units and all buildings and structures within or containing the Non-Market Rental Air Space Parcel to the full replacement cost thereof against perils normally insured against by reasonable and prudent owners of similar buildings and lands in Burnaby and those additional policies set out in Appendix B attached hereto. 6.2 Upon request, the Owner will provide to the City proof of insurance coverage required by section 6.1 of this Agreement.

ARTICLE 6 INSURANCE 6.1 The Owner will insure, or cause to be insured, the Required Inclusionary Units and all buildings and structures within the Rental Air Space Parcel to the full replacement cost thereof against perils normally insured against by reasonable and prudent owners of similar buildings and lands in Burnaby and those additional policies set out in Appendix B attached hereto. 6.2 Upon request, the Owner will provide to the City proof of insurance coverage required by section 6.1 of this Agreement.

ARTICLE 5 INSURANCE 5.1 The Owner will insure, or cause to be insured, the Non-Market Units and all buildings and structures within the Development to the full replacement cost thereof against perils normally insured against by reasonable and prudent owners of similar buildings and lands in Burnaby and those additional policies set out in Appendix B attached hereto. 5.2 Upon request, the Owner will provide to the City proof of insurance coverage required by section 5.1 of this Agreement.

Page 18 Housing Agreement (Olive Properties Inc. – 5938 Olive Ave Rezoning Reference #17-10001 Subdivision Reference #21-37) Market Rental, Replacement and Optional Inclusionary Units NATDOCS\77760156\V-8 ARTICLE 8 INSURANCE 8.1 The Owner will insure, or cause to be insured, the Non-Market Units and all buildings and structures within the Rental Air Space Parcel to the full replacement cost thereof against perils normally insured against by reasonable and prudent owners of similar buildings and lands in Burnaby and those additional policies set out in Appendix B attached hereto. 8.2 Upon request, the Owner will provide to the City proof of insurance coverage required by section 8.1 of this Agreement.

ARTICLE 7 INSURANCE 7.1 The Owner will insure, or cause to be insured, the Non-Market Units and all buildings and structures within the Rental Air Space Parcel to the full replacement cost thereof against perils normally insured against by reasonable and prudent owners of similar buildings and lands in Burnaby and those additional policies set out in Appendix B attached hereto. 7.2 Upon request, the Owner will provide to the City proof of insurance coverage required by section 7.1 of this Agreement.

The Owner will, at its own cost, maintain throughout the term of the Housing Agreement, all of the following insurance: (a) “all risks” (including flood and earthquake) property insurance on all insurable property and broad form boiler and machinery insurance in respect of the Rental Air Space Parcel (the “Property”), and all objects owned, leased, or for which

ARTICLE 7 INSURANCE 7.1 The Owner will insure, or cause to be insured, the Non-Market Units on the Lands and the Building on the Lands and the Remainder Parcel to the full replacement cost thereof against perils normally insured against by reasonable and prudent owners of similar buildings and lands in Burnaby and those additional policies set out in Appendix B attached hereto, as such requirements may be amended by the City’s Risk Manager from time to time. 7.2 Upon request, the Owner will provide to the City proof of insurance coverage required by Section 7.1 of this Agreement.