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OAK #4843-3885-9090 v10 Exhibit F-62 ATTY/AGR/2018.094/STRADA DOCKTOWN DEVELOPMENT AGREEMENT REV: 05-03-18 PR Page 62 of 93 EXHIBIT F AGREEMENT FOR EXCHANGE OF REAL PROPERTY (INCLUDING ESCROW INSTRUCTIONS) THIS AGREEMENT FOR EXCHANGE OF REAL PROPERTY (INCLUDING ESCROW INSTRUCTIONS) (“Agreement”) is entered into as of____________, 2017 “Effective Date”), by and between the CITY OF REDWOOD CITY, a municipal corporation of the State of California (“City”), and STRADA INVESTMENT GROUP, a ________________ (“Strada”). City and Strada may hereinafter each be referred to as a “Party” or collectively as the “Parties.” R E C I T A L S A. Strada presently owns or has rights to acquire the approximately 7.88 acre property known as 1548 Maple Street, Redwood City, described in Attachment 1 and depicted in Attachment 2, both of which are attached hereto and incorporated herein by this reference (“Strada Property”). B. Strada proposes to develop up to 131 three-story, for sale, market-rate townhomes and ancillary improvements on the Strada Property (“Project”). C. City [Insert as applicable: “by Resolution ___ adopted on __________, 201_, has approved the vacation of” or “has approved Final Map No. ____ which provides for vacation of”] (“City Vacation Action”) an approximately 0.48 acre portion of the existing Maple Street public right-of-way, as described on Attachment 3 and depicted on Attachment 4, both of which are attached hereto and incorporated herein by this reference (“Maple Street Vacation Area”) and City and Strada have entered into a Development Agreement dated _______________, 2018, and recorded in the Official Records of San Mateo County (“Official Records”) as Instrument No. _____________ (“Development Agreement”). Capitalized terms not otherwise defined herein shall have the meanings given to such terms in the Development Agreement. D. The Development Agreement provides, among other things (i) for Strada’s acquisition of a fee interest in the Maple Street Vacation Area in exchange for Strada’s conveyance to City of a public right-of-way and public service easement (“Public Right-of-Way and Public Service Easement”) over, under, through and across an approximately 0.87 acre portion of the Strada Property, as described on that certain irrevocable offer to dedicate [dated ____________ and recorded in the Official Records as Instrument No. ________ or shown on the Vesting Tentative Map] (“Public Right-of-Way and Pubic Service Easement Area”); (ii) for Strada to construct, at its expense, and dedicate to City, at no cost to City, the Blomquist - City Segment street improvements and, subject to certain terms and conditions set forth in the Development Agreement, to either construct, at its sole expense, and dedicate to City the additional segments of the Blomquist Street Extension, consisting of the Blomquist – Developer Segment and Blomquist County Segment, or pay a County/Developer Segments In Lieu Payment and deliver Developer Work Product to City if the additional segments are not constructed; and (iii) for Strada, at its expense, to construct and install across a portion of the Strada Property and maintain in perpetuity certain publicly accessible Bay Trail Improvements; the Development Agreement also sets forth the applicable fees, policies, zoning requirements that apply to Strada’s development of the Project and provides Strada with a vested right to develop the Project on the Property. 6.4.B. - Page 87