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3. Twilight Properties agreed to purchase land on the Vancouver waterfront from the Harbour Commission, conditional upon no changes being made to the zoning bylaw that permitted high-density development for building condominium units. Twilight then began negotiations with the city for a site plan for 650 units. Its chief executive officer, Moon, was very optimistic and immediately offered 500 units for sale. (He had a fallback plan to build only that number if the zoning and site plans were restricted by municipal authority.) Moon obtained agreements to purchase 110 units from individual purchasers, who paid deposits to Twilight of $20 000 per unit. Each contract contained a clause stating if the development does not proceed in accordance with Twilight Properties' plans, Twilight retains the right to terminate the contract without liability on or before June 30, 2015. This date corresponded with the closing date in the agreement with the Harbour Commission. Units were to be available, and the deals closed one year later. On June 30, 2015, Twilight completed the purchase of the lands, but the date passed without any approval of the site plan by the city. At the end of July, the Planning and Development Department of the city approved the site plan and sent it on to the city council. However, in October the city council refused to approve the plan and stated that it intended to reduce the number of units permitted on the property. The council instructed its secretary to write to Twilight and ask whether it would be willing to provide