RecDoc 2017-117015 IA 1409 ECR - Laserfiche WebLink

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2017-117015 1:59 pm 12/28/17 AG Fee: NO FEE Count of Pages 24 RECORDING REQUESTED BY ) Recorded in Official Records AND WHEN RECORDED MAIL TO: County of San Mateo Mark Church AsseIIIIIIIIII$IllrlIIIIIIII�IIIllllkllllllllllllllllllll City of Redwood City ) . 1017 Middlefield Road ) � g R o 0 0 z 5 0 1 1 8 z $ Redwood City, California 94063 ) Attention: City Clerk ) (Space Above This Linefor Recorder's Use Only) Exempt from recording Fee per Gov. Code § 27383. IMPROVEMENT AGREEMENT 1409 El Camino Real THIS I PROVEMENT AGREEMENT ("Agreement") is made and entered into on this day oft 1 t1MA v%&Ce' 20a ("Effective Date") by and between GS Diller Subsidiary, LLC, a Delaware limited liability company ("Developer"), and the CITY OF REDWOOD CITY, a charter city and California municipal corporation ("City") with reference to the following facts: RECITALS A. Developer is the current fee owner of that certain real property consisting of approximately 1.64 acres located within the City of Redwood City, County of San Mateo, State of California, described in Exhibit A, attached hereto and incorporated herein by reference (the "Property"). B. On April 3'd, 2017, the City Council of the City of Redwood City adopted, among other approvals, Resolution No. 15575, approving the Vesting Tentative Parcel Map for the 1409 EI Camino Real ("Project"), prepared by Talus, Inc. and dated December 8", 2016 ("Tentative Map"), subject to certain conditions of approval ("Conditions"). C. The Conditions require either (1) that certain public improvements for the Project be constructed prior to approval of the Parcel Map ("Parcel Map"), or (2) that Developer enter into an agreement with City providing for the future construction of such public improvements. D. Developer has submitted the Parcel Map and applied to City for Parcel Map approval without having completed the required public improvements and, therefore, will enter into an agreement with City providing for the future construction and installation of such public improvements, as required by Government Code section 66462(a)(1). E. Developer has submitted to City plans, specifications and drawings entitled Improvement Plans for 1409 El Camino Real, prepared by Talus, Inc. and dated NOV. 10 , 2011 (the "Improvement Plans"), which, in addition to other improvements, provide for certain on-site public improvements consisting of street and street light improvements, storm drain systems, domestic water systems and sanitary sewer systems for the Project (collectively, "Improvements"). F. City and Developer desire to enter this Agreement providing for the construction and installation of the Improvements in accordance with the Improvement Plans. Page 1 of 22 ATTY/AGR/2017.243/GS DILLER SUBSIDIARY, LLC— IA REV: 11-01-17 PR _0I