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AgdaPkt 2017-09-11 Closed and Joint SA PFA
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AgdaPkt 2017-09-11 Closed and Joint SA PFA
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Last modified
9/21/2017 12:51:50 PM
Creation date
9/7/2017 6:06:39 PM
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Template:
CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Joint
Agency Type
City Council and Successor Agency and Public Financing Authority
Date
9/11/2017
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6.1.A. - Page 73 <br /> RECORDING REQUESTED BY <br /> AND WHEN RECORDED RETURN TO: <br /> City of Redwood City <br /> 1017 Middlefield Road <br /> City of Redwood City, CA 94063-0391 <br /> Attention: City Clerk <br /> Recorded for the Benefit of <br /> City of Redwood City <br /> Pursuant to Government Code <br /> Section 27383 <br /> Space Above Reserved for Recorder's Use Only <br /> AGREEMENT REGARDING IMPROVEMENTS ON CITY PROPERTY,WAIVER, <br /> RELEASE AND HOLD HARMLESS <br /> THIS AGREEMENT REGARDING IMPROVEMENTS ON CITY PROPERTY, <br /> WAIVER, RELEASE AND HOLD HARMLESS ("Agreement") is entered into as of <br /> 20 (the "Effective Date"), by and between Lane --- Broadway, LLC, a <br /> California limited liability company("Lessee") and BAE-GEM PROPERTIES, LP, a California <br /> limited partnership ("Property Owner" and together with Lessee,the "Developer"), on the one <br /> hand, and the CITY OF REDWOOD CITY, a charter city and California municipal corporation <br /> ("City"), on the other hand. City and Developer may hereinafter be referred to individually as a <br /> "Party"or collectively as the"Parties". <br /> RECITALS <br /> A. It is the intent of the Parties that this Agreement be recorded against both <br /> Developer Property and City Property, as defined below in Recital B. <br /> B. Property Owner is the owner of that certain real property located at 2075 <br /> Broadway, Redwood City, California, as more particularly described in Exhibit A. attached <br /> hereto and incorporated herein by this reference (the "Developer Property"). City is the owner <br /> of that certain real property located at 1017 Middlefield Road, Redwood City, California, <br /> consisting of public facilities and a parking lot, as more particularly described in Exhibit B, <br /> attached hereto and incorporated herein by this reference (the "City Property"). Developer <br /> approached the City for an agreement to install shoring piles, anchors (also known as tiebacks), <br /> and other improvements (the"Improvements")within a portion of the City Property adjacent to <br /> the Developer Property, <br /> C. Pursuant to that certain ground lease dated June 30, 2014 by and between <br /> Property Owner and Lessee, as amended from time to time, Lessee leased the Developer <br /> REV:08-31-17 VR <br /> Page 1 of 10 <br /> ATIY/AGR.2017.193.1/Lane-Broadway, LLC-HNA City Property <br />
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