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ORIGINAL <br />LICENSE AGREEMENT BETWEEN THE CITY OF REDWOOD CITY <br />AND <br />DEVCON CONSTRUCTION INC. <br />G Yh <br />THIS LICENSE AGREEMENT ("Agreement" or "License") is entered into as Z <br />day of Fe b ru c r q , 201t (the "Effective Date'), by and between THE CITY OF REDWOOD <br />CITY, a charter city and municipal corporation of the State of California ("CITY''), and DEVCON <br />CONSTRUCTION INC., a California Corporation company ("LICENSEE"). <br />RECITALS <br />A. CITY owns real property located at 707 and 777 Bradford Street, California, as <br />more particularly described in Exhibit A attached hereto and incorporated herein by reference <br />("City Property"). <br />B. CITY acquired the City Property from the Redwood City Redevelopment Agency, <br />for the purpose of continuing the affordable housing redevelopment of the City Property. <br />C. CITY remains committed to development of affordable housing on this site and is <br />planning for a senior affordable housing project. In the interim, CITY does not currently use the <br />Property for any particular purpose. <br />D. CITY recognizes that there are currently short-term parking constraints arising <br />from the pressure of new development in the Downtown. <br />E. LICENSEE is the general contractor for the project located at 2075 Broadway <br />("Project"), a 116,000 square foot Class A office development. <br />F. The CITY has improved, including the subgrade of, the City Property for interim <br />parking uses to meet specific demands until the City Property can be developed as anticipated. <br />G. During construction of the 2075 Broadway Project, LICENSEE desires to use a <br />portion of the City Property for construction worker vehicle parking of 30 spaces, as shown on <br />the attached Exhibit B ("License Area"). <br />H. CITY has determined that the temporary use proposed by LICENSEE provides a <br />common benefit to the Downtown area. <br />I. CITY is concurrently providing a license to South Bay Construction to use a <br />portion of the City Property for construction worker vehicle parking, 30 spaces (as shown on the <br />attached Exhibit B). <br />J. CITY is also concurrently providing a license to the County of San Mateo for their <br />shared use of the License Area for 30 spaces of vehicle parking (as shown on the attached <br />Exhibit B). <br />K. CITY is willing to provide to LICENSEE a license to use License Area for <br />construction worker vehicle parking purposes during construction of the 2075 Broadway Project, <br />all on the terms set forth herein. <br />Page 1 of 12 <br />ATTY/AGR.2017.287/DEVCON CONSTRUCTION/LICENSE AGREEMENT/BRADFORD PARKING <br />