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7.A. - Page 26 of 40 Recording Requested By And When Recorded Mail To: City of Redwood City 1017 Middlefield Road Redwood City, CA 94063 Attn: City Clerk CONTRACT BETWEEN REDWOOD CITY AND WILLIAM AND JULIANNE O'CALLAHAN FOR HISTORIC PROPERTY PRESERVATION OF 1800 WHIPPLE AVENUE (APN: 052-073- 360) THIS CONTRACT, is made and entered into this _ day of , 2019, by and between the CITY OF REDWOOD CITY, a charter city and municipal corporation of the State of California, (hereinafter called "City"), and William and Julianne O'Callahan, (hereinafter called "Owner") WITNESSETH: WHEREAS, California Government Code Sections 50280, et. seq. authorize cities to enter into contracts with the owners of qualified historic property to provide for the use, maintenance and restoration of such historic property so as to retain its historical significance; WHEREAS, Owner possesses fee title in and to that certain real property, together with associated structures and improvements thereon, located at 1800 Whipple Avenue, Redwood City, California 94062 (the "Historic Property") (a legal description of the Historic Property is attached hereto as Exhibit A); WHEREAS, on , 2019, the City Council of the City of Redwood City declared and designated the Historic Property as a historic landmark pursuant to the terms and provisions of Chapter 40 of the Redwood City Code; and WHEREAS, City and Owner, for their mutual benefit, now desire to enter into this Contract both to protect and preserve the characteristics of historical significance of the Historic Property and to qualify the Historic Property for an assessment of valuation pursuant to the provisions of Article 1.9 of Chapter 3, of Part 2, of Division 1 of the California Revenue and Taxation Code. REV: 10-07-19 PR ATMAGR.2019.261Mllliam and Julianne O'Callahan (Page 1 of 14) 387