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10:31 am 11/17116 AG Fee: NO FEE <br />Count of pages 21 <br />RECORDING REQUESTED BY ) Recorded in Official Records <br />AND WHEN RECORDED MAIL TO: } County of San Mateo <br />Mark Church <br />City of Redwood City } Assessor -County Clerk -Recorder <br />1017 Middlefield Road } 111!11 1 11 111111111111111111111111111111 11� <br />Redwood City, California 94063 } * R 0 0 0 2 1 2 0 9 8 5 <br />Attention: City Clerk } <br />} <br />(Space Above This Line for Recorder's Use Only) <br />Exempt fiom recording fee per Gov. Code § 27383. <br />IMPROVEMENT AGREEMENT <br />(550 Allerton Street) <br />JYS 7(Effective <br />MENT AGREEMENT ("Agreement") is made and entered into on thislll lay of <br />0 l Date") by and between by and between Premia South County, <br />`LLC, a Delaware limited liability company ("Developer"), and the CITY OF REDWOOD CITY, <br />a charter city and California municipal corporation ("City") with reference to the following facts: <br />RECITALS <br />A . Developer is the current fee owner of that certain real property consisting of <br />approximately 0.3 acres located within the City of Redwood City, County of San Mateo, State of <br />California, described in Exhibit A. attached hereto and incorporated herein by reference (the "Property"). <br />B., On June 10, 2015, the Subdivision Committee of the City of Redwood City approved <br />the Tentative Parcel Map for the 550 Allerton Street Project ("Project"), prepared by BKF Engineers and <br />dated June 1, 2015 ("Tentative Map"), subject to certain conditions of approval ("Conditions"). <br />C . The Conditions require either (1) that certain public improvements for the Project be <br />constructed prior to approval of the parcel map ("Final Map"), or (2) that Developer enter into an <br />agreement with City providing for the future construction of such public improvements. <br />D . Developer has submitted the Final Map and applied to City for Final Map approval <br />without having completed the required public improvements and, therefore, will enter into an agreement <br />with City providing for the future construction and installation of such public improvements, as required <br />by Government Code section 66462(a)(1). <br />E. Developer has submitted to City plans, specifications and drawings entitled Improvement <br />Plans for 550 Allerton Street, prepared by BKF Engineers and dated , 20_ (the <br />"Improvement Plans"), which, in addition to other improvements, provide for certain on-site public <br />improvements consisting of street and street light improvements, storm drain systems, domestic water <br />systems and sanitary sewer systems for the Project (collectively, "Improvements"). <br />F. City and Developer desire to enter this agreement providing for the construction and <br />installation of the Improvements in accordance with the Improvement Pians. <br />REV: 10-12-15 VR <br />Page 1 of 19 <br />ATTYIAGR.2015.2291Premia 550 Owner, LLC <br />