RecDoc 2018-088890 Strada Development Agreement 1548 Maple, LLC

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required by the Project Approvals landward of the first manhole adjacent to the existing tide gate and shall have no obligation to construct stormwater improvements waterward of that manhole. Section 3.12 Subdivision Improvements A¢reement. Developer's obligation to construct or cause the construction of, and post improvement security and provide warranties for, the various on-site and off-site public improvements required by the Project Approvals and this Agreement, including the Blomquist Street Extension, Bay Trail Improvements and upsized water main, shall be set forth in a subdivision improvements agreement ("Subdivision Improvements Agreement") the form of which shall be reasonably acceptable to the City Attorney. The Subdivision Improvements Agreement shall be entered into by the Parties on or before approval of final subdivision maps for the Project. Section 3.13 Public Improvements Acceptance. City shall use good faith, diligent efforts to work with Developer to ensure that all public infrastructure and public improvements required in connection with the Project, including the Blomquist Street Extension improvements (collectively, "Public Improvements") are expeditiously reviewed and considered for acceptance by City on a phased basis as discrete components of the Public Improvements are completed. Developer may offer dedication of Public Improvements in phases and City shall not unreasonably withhold, condition, or delay acceptance of such phased dedications or refuse phased releases of bonds or other security so long as all other conditions for acceptance have been satisfied. Upon acceptance of the Public Improvements, or components thereof, City shall release to Developer any bonds or other security posted in connection with performance thereof, other than warranty period security, to be provided as set forth in the Subdivision Improvements Agreement. Except as otherwise provided in the Subdivision Improvements Agreement with respect to Developer's warranty period obligations, Developer shall have no obligation to maintain the Public Improvements, or components thereof, following City's acceptance thereof. For avoidance of doubt, the tern "Public Improvements" does not include the Bay Trail Improvements or the Maple Frontage Parking. Section 3.14 Sales Tax Point of Sale Designation. Developer shall use good faith efforts to the extent allowed by law to require all persons and entities providing bulk lumber, concrete, structural steel and pre -fabricated building components, such as roof trusses, used in connection with the construction and development of, or incorporated into, the Project, to (a) obtain a use tax direct payment permit; (b) elect to obtain a subcontractor permit for thejob site of a contract valued at Five Million Dollars ($5,000,000) or more; or (c) otherwise designate the Property as the place of use of material used in the construction of the Project in order to have the local portion of the sales and use tax distributed directly to the City instead of through the County -wide pool. Developer shall instruct each of its subcontractors to cooperate with the City to ensure the full local sales/use tax is allocated to City. To assist City in its efforts to ensure that the full amount of such local sales/use tax is allocated to the City of Redwood City, Developer shall provide City with an annual spreadsheet, which includes a list of all subcontractors with contracts in excess of the amount set forth above, a description of all applicable work, and the dollar value of such subcontracts. City may use said spreadsheet sheet to contact each subcontractor who may qualify for local allocation of use taxes to the City. 21 OAK #4843-3885-9090 vl I ATTY/AGR/2018.094/STRADA DEVELOPMENT AGREEMENT REV: 07-27-18 VR Page 21 of 94