B.C. Reg. 157/2004, deposited April 15, 2004, pursuant to the REAL ESTATE ACT [Section 80]. Order of the Superintendent of Real Estate, dated April 8, 2004.

Pursuant to section 80 of the Real Estate Act, the Superintendent of Real Estate orders that the attached regulation is made.

— W. A. CLARK, Superintendent of Real Estate.

INDIVIDUAL EXEMPTION REGULATION No. 145

Rempel Development Group Ltd. and Grosvenor Capital Corporation

1 An offer for sale or lease, the sale or lease and any assistance in the selling or leasing of the subdivided land that comprises all or part of the land described as

the part of

Parcel Identifier: 011-056-754
South Half Lot 4 Section 15 Township 8 New Westminster
District Plan 3974

Parcel Identifier: 002-102-81
Lot 25 Section 15 Township 8 New Westminster
District Plan 33724

Parcel Identifier: 001-024-558
Lot 24 Section 15 Township 8 New Westminster
District Plan 33724

Parcel Identifier: 000-934-739
Lot 23 Section 15 Township 8 New Westminster
District Plan 33724

Parcel Identifier: 011-057-262
South 128 feet Lot 5 Section 15 Township 8 New Westminster
District Plan 3974

Parcel Identifier: 002-653-150
Lot 30 Section 15 Township 8 New Westminster
District Plan 38575

Parcel Identifier: 005-534-640
Lot 39 Section 15 Township 8 New Westminster
District Plan 40780

Parcel Identifier: 011-056-690
Lot 2 Except: Firstly: Part Subdivided by Plan 38575; Secondly: Part Subdivided by Plan 40780; Section 15 Township 8 New Westminster
District Plan 3974

that will be subdivided to create Lots 1 to 8 as shown on the attached proposed site plan prepared by Focus Architecture and Planning Ltd.

by or on behalf of Rempel Development Group Ltd. and Grosvenor Capital Corporation, is exempt from Part 2 of the Real Estate Act on condition that

(a) at the time of the transfer of title to the purchaser, or, in the case of a lease, at the time of the commencement of the term of the lease, the subdivided lot has no buildings intended for residential occupation,

(b) Rempel Development Group Ltd. and Grosvenor Capital Corporation keep all monies from purchasers or lessees in the trust account of a solicitor or real estate agent until Rempel Development Group Ltd. and Grosvenor Capital Corporation have complied with section 940 of the Local Government Act, and

(c) Rempel Development Group Ltd. and Grosvenor Capital Corporation notify all purchasers or lessees at the time of an offer for sale or lease

(i) that the offering is exempt from Part 2 of the Real Estate Act and that they will not receive a prospectus or a disclosure statement receipted under the Real Estate Act and will not have the benefit of any rights or protections afforded by Part 2 of that Act, and

(ii) that the purchasers or lessees must comply with Part 2 of the Real Estate Act if and when they offer strata lots to be constructed on the subdivided land for sale or lease to the public.

Re: B.C. Reg. 157/2004

Pursuant to section 6 of the Regulations Act, I hereby exempt from publication the sketch attached to B.C. Reg. 157/2004.

This sketch may be inspected at the offices of the Financial Institutions Commission, 1900, 1050 West Pender Street, Vancouver, B.C. V6E 3S7.

— P. GREENE, Assistant Registrar of Regulations.

Copyright © 2004: Queen's Printer, Victoria, British Columbia, Canada