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<br />AGREEMENT <br /> <br />DUPUCATE <br />OP;G!.'!!.t <br /> <br />FOR <br /> <br />CONSTRUCTION OF IMPROVEMENTS ON SEAPORT BOULEVARD <br /> <br />{,~ <br />THIS AGREEMENT, made and entered into this ~ day of <br /> <br /> <br />,2000, <br /> <br />by and between the CITY OF REDWOOD CITY, a municipal corpora <br /> <br />California, ("City"), and PACIFIC SHORES DEVELOPMENT, LLC, a Delaware limited <br /> <br />liability company, and the owner of record of said real property located at the end of <br /> <br />Seaport Boulevard, Redwood City, California ("Owner"); <br /> <br />WITNESSETH: <br /> <br />WHEREAS, Owner proposes to construct street improvements on Seaport <br /> <br />Boulevard between Seaport Court and Pacific Shores Center (the "Property") situated in <br /> <br />the City of Redwood City, County of San Mateo, State of California; and <br /> <br />WHEREAS, Owner has requested that construction of certain improvements (as <br /> <br />defined below), title to which is proposed to be conveyed to City for public purposes, be <br /> <br />constructed at the Property, which improvements are to be constructed in accordance <br /> <br />with, and as required by, the plans, specifications, and details hereinafter described; <br /> <br />NOW, THEREFORE, in order to ensure satisfactory performance by Owner of <br /> <br />Owner's obligations under Article VII, Chapter 29, General Street Improvements, of the <br /> <br />Code of the City of Redwood City, and in consideration of the approval of the <br /> <br />improvements for the Property, the parties hereto agree as follows: <br /> <br />1. Improvements. Owner shall, at Owner's own cost and expense, construct all <br /> <br />of the improvements ("Improvements"), furnish all the materials, and do all the work <br /> <br />hereinafter described in accordance with, and as provided for in, the plans prepared for <br /> <br />1 <br /> <br />SH/RWC/Council <br />Agmt-361 <br />06/05/00 <br />06/09/00R <br />FXS/fs <br />