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, � . ,� <br /> �� 2015-052074 <br /> 2:26 pm 05l20/15 AG Fee: NO FEE <br /> Count of Pages 32 <br /> Recorded in Official Records <br /> RECORDING REQUESTED BY � County of San Mateo <br /> Arm W�N RECOxnEn Maa,To: ) Mark Church <br /> ) Assessor-Count Clerk-Recorder <br /> City of Redwood City ) I IIII I II( II II IIIII III�II I IIII III I I I IIII III III <br /> 1017 Middlefield Road ) * R p o o z o 2 8 6 5 1 * <br /> Redwood City,California 94063 ) <br /> Attention: City Clerk ) <br /> ) <br /> (Space Above 79ris Line for Re�cnrder's Use Only) <br /> Exempt from recoiding fae per Gov.Code§27383. � <br /> ✓ <br /> - IlVIPROVEMENT AGREEMENT � <br /> 24HOUR FITNESS,1050BROADW AY STREET <br /> THIS IlVIPROVEMENT AGREEMENT("Agreement")is made and entered into on this2°�lay of <br /> �/W�.eC.H ,20J�("Effective Date")by and between by and between SunCap Redwood,LLC,a <br /> North Carolina limited liability company ("Developer"),and the CITY OF REDWOOD CTTY,a charter <br /> city and California municipal corporarion("City")with reference to the following facts: <br /> RECITALS <br /> A . Developer is the current fee owner of that certain real property consisting of <br /> approximately 2.93 acres located within the City of Redwood City, County of San Mateo, State of <br /> California,described in Exlubit attached hereto and incorporated herein by reference(the"Propert�'). <br /> B. On May 7, 2013, the Planning Commission of the City of Redwood City adopted, <br /> among other approvals,Resolurion No. 13-08,approving the Vesting Tentative Map for the construction <br /> of a two story health club with onsite surface pazking and associated site improvements (the"Project"), <br /> prepared by BKF Engineers and dated March 3,2013 ("Tentative Map"), subject to ceitain conditions of <br /> approval("Conditions"). <br /> C . The Condirions require either (1) that certain public improvements for the Project be <br /> constntcted prior to approval of the final map ("Final Map"), or (2) that Developer enter into an <br /> agreement with City providing far the future construction of such public improvements. <br /> D . Developer has submitted the Final Map and applied to City for Fina1 Map approval <br /> without having completed the required public improvements aud,therefore,will enter into an agreement <br /> with City providing for the future construction and installation of such public improvements,as required <br /> by Government Code secrion 66462(a)(1). <br /> E. Developer has submitted to City plans, specifications and drawings entitled <br /> "Improvement Plans 24 Hour Fitness, 1050 Broadway Street", prepared by BKF Engineers and dated <br /> Novsmber 11, 2013 (the "Improvement Plans"), which, in addition to other improvements, provide for <br /> certain on-site public improvements consisting of street and street light improvements, storm drain <br /> systems, domestic water systems and sanitary sewer systems for the Project (collectively, <br /> "Ixnprovements"). <br /> F. Upon approval and recordation of the Final Map, the Property will consist of three (3) <br /> conriguous parcels merged into a single parcel improved with the Project. <br /> REV:02-20-15 VR <br /> Page i of 21 <br /> ATTY/AGR.2015.034/SunCap Redwood LLC(IA) <br />