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Courthouse S�quare Easement Background-This property consists of easement interests in property that is owned by the County of San Mateo.The public facility consists of the courthouse building and a large public plaza (Courthouse Square).The building is now used as a public museum. In 2005 the County and the City entered into a Cooperative Agreement whereby the County granted an easement in Courthouse Square to the City for the City to renovate,maintain,and use solely as a public plaza available for use by all County residents. In 2007 the City and its former redevelopment agency entered into a Partial Assignment and Assumption Agreement whereby the City assigned a portion of its easement interest in Courthouse Square to the agency for concession purposes consistent with the public uses required pursuant to the City's agreement with the County. Acquisition Purpose-The original agreement with the County and the assignment agreement with the redevelopment agency allowed a public property in a central portion of the downtown area to be renovated for public use and events.The partial assignment allowed the agency to install vendor concession kiosks in support of these public activities.The County fee ownership of the square,and the easement restrictions for the use of the easement"solely as a public plaza"preclude any conveyance of the easement interest to a private party. Parcel Information TABLE #4— COURTHOUSE SQUARE EASEMENT IIVFORMATION ITEM PARCEL INFORMATION COMMENTS Parcel# 052-367-010 Address 2200 Broadway Street Lease Area 21,000 sq.ft. Plaza/Square size only Current Use Public gathering and events Zoning Public open space Per powntown Precise Plan Acquisition Date 2005 Easement interest only Acquisition Value/Cost Unknown Estimated value $0 Public purpose property interest Rental Revenues $12,000 annual Revenue from kiosk concessions. Environmental Condition Unknown TOD Potential None Not developable Prior Development Proposals None Not developable 5-4-16 1�