Agmt14 YMCA of Silicon Valley LOI

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. , t�RIGIN�,L LETTER OF INTENT City of Redwood City and YMCA of Silicon Valley Over the past two years, representatives from the City of Redwood City and the YMCA of Silicon Valley have developed the framework for the redevelopment of Redwood City facilities and development of a new YMCA located in Redwood City's Red Morton Park. The following Letter of Intent ("LOI") outlines agreed upon project details, as well as, outstanding issues requiring further discussion and agreement. The purpose of this LOI is to set forth some of the basic terms and conditions for the development and construction of the proposed YMCA-City Project (the "Project") at Red Morton Park. The YMCA and City envision that the Project shall be a coordinated development of facilities by the YMCA and the City, with the YMCA facilities developed under a long-term ground lease with the City. Notwithstanding the foregoing, however, no binding offer or commitment shall exist until the City of Redwood City ("City") and the YMCA of Silicon Valley ("YMCA") have entered into a definitive agreement ("Agreement") with all requisite approvals. The City and YMCA anticipate that in addition to a ground lease, the parties shall enter into an agreement regarding the use, operation and maintenance of defined common areas. This Letter of Intent will serve as the framework for which we will move forward in our plans and preparations for a joint facility. I LEASED PREMISES Approximately four acres located at Red Morton Park, Redwood City, which is owned by the City. The precise location of the Premises will be determined by the parties. II. SITE PLAN A. By March 31, 2015, City and YMCA will develop a preliminary site plan based on the Program Framework and Facilities outlined below) and the Common Areas required. B. The City Manager and YMCA CEO will determine whether to use one mutually agreed upon architect for the site planning or to retain two architects. City and YMCA to collaborate on the site plan. C. The site plan includes the location and sizing of the City and YMCA's proposed improvements and the location and sizing of common areas (outlined below). III CONCEPTUAL PLANS AND PROGRAMS A. YMCA By April 30, 2015, YMCA shall develop a narrative description and conceptual plans of its proposed improvements in sufficient detail to be evaluated under the California Environmental Quality Act ("CEQA") (Pub. Resources Code §21000 et seq.), including the approximate square footage of its proposed indoor facilities, as well as its outdoor facilities and any other amenities. The anticipated programs that will determine and define these facilities include: ATTY/AGR/2014.248/RWC&YMCA SILICON VALLEY LOI REV:11-20-14 PT Page 1 of 5