A BY-LAW TO AUTHORIZE THE EXECUTION OF A SUBDIVISION AGREEMENT BETWEEN THE CORPORATION OF THE CITY OF NORTH BAY AND HIGHLAND WOODS DEVELOPMENT INC., 899430 ONTARIO INC., BANK OF MONTREAL, MIS MUNICIPAL INSURANCE SERVICES LTD., HIGHLAND WOODS INVESTMENTS INC., ROBERTSON JAMES FINANCIAL CORPORATION AND CAISSE POPULAIRE NORTH BAY LIMITEE RELATING TO THE HIGHLAND WOODS SUBDIVISION AND CONDOMINIUM.