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ATTY/AGR/2016.092/RWC-COURTHOUSE RESCISSION OF ASSIGNMENT <br />REV: 02-03-17 VR <br />Page 1 of 4 <br />RESCISSION OF PARTIAL ASSIGNMENT AGREEMENT <br />(Courthouse Square) <br /> <br />THIS RESCISSION OF PARTIAL ASSIGNMENT AGREEMENT (this “Agreement”) <br />is executed as of ___________, 2017 (“Effective Date”) by and between the City of Redwood <br />City, a charter city and municipal corporation (“City”) and the Successor Agency to the Redwood <br />City Redevelopment Agency, a public body, corporate and politic (“Successor Agency”). The <br />City and the Successor Agency are collectively referred to herein as the “Parties.” <br /> <br />WHEREAS, pursuant to that certain Cooperative Agreement dated as of May 3, 2005, <br />executed by and between the City and the County of San Mateo, a political subdivision of the State <br />of California (“County”), and recorded in the Official Records of San Mateo County on May 23, <br />2005 as Instrument No. 2005-083802 (as subsequently amended by an unrecorded First <br />Amendment dated August 24, 2006, the “Cooperative Agreement”), the County has granted to <br />the City an exclusive easement to construct certain improvements known as the “Courthouse <br />Square Project” as more particularly described in the Cooperative Agreement, on the property <br />located within the City in the area bounded by Broadway, Hamilton, Marshall and Middlefield <br />Streets, known as the “Courthouse Block,” and more particularly described in Exhibit A attached <br />hereto and incorporated herein by reference (the “Courthouse Block”); and <br /> <br />WHEREAS, the Cooperative Agreement provides that the Courthouse Block, including <br />the reconstructed historic Courthouse and the open plaza known as the “Courthouse Square” must <br />be preserved as a unique community asset and gathering place for the benefit of all residents of <br />the County; and <br /> <br />WHEREAS, the Cooperative Agreement provides that the Courthouse Square shall be used <br />solely as a public plaza; and <br /> <br />WHEREAS, pursuant to the Cooperative Agreement, the County granted to the City an <br />exclusive easement to operate, maintain and use the Courthouse Square as an open plaza available <br />for public use and community gathering for all of the residents of the County; and <br /> <br />WHEREAS, the Cooperative Agreement permits the City to enter into licenses with <br />vendors and activity sponsors to further the use of the Courthouse Square as a community <br />gathering place; and <br /> <br />WHEREAS, pursuant to that certain unrecorded Partial Assignment and Assumption <br />Agreement of Cooperative Agreement Between the County of San Mateo and the City of Redwood <br />City (the “Partial Assignment Agreement”) dated as of June 26, 2007, and executed by and <br />between the City and the Redwood City Redevelopment Agency (the “Redevelopment Agency”), <br />the City assigned to the Redevelopment Agency the City’s easement interest in the Concession <br />Spaces described in Exhibit B attached hereto and incorporated herein (the “Concession Areas”); <br />and <br /> <br />WHEREAS, pursuant to Resolution Nos. 15141 and 15164, adopted by the City Council <br />of the City of Redwood City on August 22, 2011 and January 23, 2012 respectively, the City <br />6.1.E. - Page 20