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Exhibit B <br />RECORDING REQUESTED BY <br />AND WHEN RECORDED MAIL TO: <br />City Of Redwood City <br />1017 Middlefield Road <br />Redwood City, Ca 94063 <br />Attn: City Clerk <br />EXEMPT FROM RECORDING FEES PER <br />GOVERNMENT CODE §§6103, 27383 <br />(SPACE ABOVE THIS LINE RESERVED EOR RECORDER'S USE} <br />THE UNDERSIGNED GRANTOR DECLARES: <br />DOCUMENTARY TRANSFER TAX IS $ <br />_X Computed on full value of property conveyed, or <br />Computed on full value less liens and encumbrances remaining at time of sale. <br />Unincorporated area _X_ City of Redwood City <br />GRANT DEED <br />For valuable consideration, the receipt and sufficiency of which are hereby <br />acknowledged, the City of Redwood City, a charter city and municipal corporation (the <br />"Grantor") hereby grants and conveys to MP Bradford Associates, L.P., a California <br />limited partnership (the "Grantee"), the real property (the "Property") located in the City <br />of Redwood City, County of San Mateo, California, known as San Mateo County <br />Assessor's Parcel Nos. , and more particularly described in Exhibit A <br />attached hereto and incorporated in this grant deed ("Grant Deed") by this reference. <br />1. Development Requirements. The Property is conveyed subject to that certain <br />Disposition and Development Agreement entered into by and between the Grantor and <br />Grantee, dated as of , 2017 (the "Agreement"). The Grantor and <br />the Grantee have executed a Memorandum of the Agreement dated as of the date <br />hereof (the "Memorandum") which will be recorded in the Official Records of San <br />Mateo County ("Official Records") substantially concurrently herewith. <br />2. Development of Improvements. The Grantee hereby covenants and agrees, for <br />itself and its successors and assigns, that the Grantee and such successors and <br />assigns shall promptly begin and diligently prosecute to completion the construction of <br />improvements on the Property (the "Improvements") in accordance with the <br />Agreement, including without limitation in accordance with the provisions of the <br />Agreement that specify the required number of residential units to be constructed and <br />the time period within which construction of the Improvements must be completed. The <br />Property is conveyed subject to the requirements of that certain Affordable Housing <br />Regulatory Agreement and Declaration of Restrictive Covenants that will be recorded <br />substantially concurrently herewith (the "Regulatory Agreement"), <br />ATY/AGR/2017.218/RWC — BRADFORD — DDA <br />REV: 09-18-17 VR <br />Page 48 of 94 <br />