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6.2.B. - Page 3 <br /> 2013-166678 CONF <br /> 3:15 pm 12/10/13 AG Fee: NO FEE <br /> RECORDING REQUESTED BY N Count of pages 26 , <br /> AND WHEN RECORDED MAIL To: Recorded in Official Records <br /> , County of San Mateo <br /> City of Redwood City Mark Church <br /> 1017 Middlefield Road Assessor-County Clerk-Recorder <br /> Redwood City, California 94063 Hi 1 ii ili 1 111 <br /> Attention: City Clerk * R 0 0 0 1 7 8 1 7 4 3 * <br /> ) <br /> (Space Above This Line for Recorder's Use Only) <br /> Exempt from recording fee per Gov.Code§27383. <br /> IMPROVEMENT AGREEMENT <br /> (Main&Marshall,601 Main Street,Redwood City) <br /> THIS IMPROVEMENT AGREEMENT("Agreement")is made and entered into on this,.day of <br /> ....p.vernba, 2013 ("Effective Date") by and between by and between LMI Redwood City Holdings, <br /> LLC, a Delaware limited liability company ("Developer"), and the CITY OF REDWOOD CITY, <br /> a charter city and California municipal corporation ("City") with reference to the following facts: <br /> RECITALS <br /> A. Developer is the current fee owner of that certain real property consisting of four legal <br /> parcels totaling approximately 1.16 acres located within the City of Redwood City, County of San Mateo, <br /> State of California, described in Exhibit A, attached hereto and incorporated herein by reference (the <br /> "Property"). <br /> B. On June 4, 2013, the Planning Commission of the City of Redwood City adopted, among <br /> other approvals,Resolution No. 13-12,approving the Tentative Parcel Map for an 8-story residential project <br /> consisting of 196 residential units located at 601 Main Street("Project") prepared by BKF Engineers and <br /> dated April 19, 2013 ("Tentative Map"), subject to certain conditions of approval set forth in Resolution <br /> No. 13-12 ("Conditions"). <br /> C. The Conditions require either (1) that certain public improvements for the Project be <br /> constructed prior to approval of the final parcel map ("Final Map"), or (2) that Developer enter into an <br /> agreement with City providing for the future construction of such public improvements. <br /> D. Developer has submitted the Final Map and applied to City for Final Map approval without <br /> having completed the required public improvements and,therefore,will enter into an agreement with City <br /> providing for the future construction and installation of such public improvements, as required by <br /> Government Code section 66462(a)(1). <br /> E. Developer has submitted to City plans, specifications and drawings entitled Street <br /> Improvement Plans,Main+Marshall, 601 Main Street, prepared by BKF Engineers and dated November <br /> 4, 2013 (the"Improvement Plans"),which, in addition to other improvements,provide for certain on-site <br /> public improvements consisting of street and street light improvements, storm drain systems, domestic <br /> water systems and sanitary sewer systems for the Project(collectively,"Improvements"). <br /> F. Upon approval and recordation of the Final Map, the Property will be consolidated into <br /> one single legal lot to accommodate the Project. The parties acknowledge that the Property may be divided <br /> into condominium units and common area(s) in the future if issueded a condominium permit and map. In <br /> ATTY/AGR/201 13/DRAFTSIIMPROVEMENTAGREEMENT 601 MAIN STREET <br /> REV:10-18-13 VR <br />