RecDoc 2019-013343 Chevron USA - Laserfiche WebLink

Browse Search

This boundary line agreement ("Agreement") is entered into between the City of Redwood City ("City"), a public body, corporate and politic, and Chevron USA Inc., a Pennsylvania corporation ("Chevron USA Inc.") (Collectively, the "Parties"), to fix and establish the boundary between certain property owned by the City and certain adjoining property owned by Chevron USA Inc. The Agreement is dated for reference as of January 3 1 , 2019. RECITALS: A. This Agreement concerns adjoining parcels of land situated in the City. The City claims ownership of that property having the address of 707-777 Bradford Street and comprising Assessor's Parcel Numbers ("APN") 052-372-240, 052-372-200, and 052-372-170, ("City Property"), as more particularly described in Exhibit A, and Chevron USA Inc. claims ownership of that property having the address of 990 Veterans Boulevard and comprising APN 052-372-160 ("Chevron USA Inc. Property"), as more particularly described in Exhibit B. B. The Parties wish to fix and establish the common boundary between the CityProperty and the Chevron USA Inc. Property. The precise location of the common boundary is subject to uncertainty due to several factors, including historic filling of portions of the City Property, creating uncertainty as to that portion of the common boundary defined by the location of the bank of Redwood Creek; a fence situated on the properties, the line of which diverges in part from the line of the former bank of Redwood Creek described in Chevron USA Inc.'s deed; and the City's longstanding possession, use and occupation of the property on its side of the fence line. C. The Parties therefore consider it expedient, necessary and desirable to permanently fix, establish, and forever set to rest any and all questions relating to the location of the common boundary between the City Property and the Chevron USA Inc. Property. This Agreement permanently fixes and establishes the common boundary line along the metes and bounds described in the deed to Chevron USA Inc., which boundary also conforms to the common boundaries of the affected Assessor's Parcels. D. Because the City Property was acquired by the City, in whole or in part, through a statutory grant by the State of California ("State"), the obligations of the Parties to close escrow under this Agreement are conditioned on the deposit into escrow of a quitclaim deed from the State Lands Commission ("Commission") quitclaiming to Chevron USA Inc. all of the State's right, title and interest in the Chevron USA Inc. Property on the Chevron USA Inc. Property side of the Agreed Boundary Line (as defined below). NOW, THEREFORE, in consideration of the foregoing recitals and the following terms contained in the Agreement, the Parties mutually agree as follows: AGREEMENT Agreed Boundary Line. The Parties agree that boundary line between the City Property and the Chevron USA Inc. Property ("Agreed Boundary Line") shall be as described in Exhibit C and depicted for illustrative purposes on Exhibit D. The Parties agree that the Agreed Boundary Line is intended as a fixed and AM/AGR/2019.009/CHEVRON — REDWOOD CITY BOUNDARY LINE AGREEMENT REV: 01-10-19 VR Page 2 of 18